What Fueled The Previous Growth In The USB C Charging Cable Market?
The usb c charging cable market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the size of the USB-C charging cable market in the recent past. It is projected to inflate from $3.5 billion in 2024 to $4.14 billion in 2025, experiencing a compound annual growth rate (CAGR) of 18.2%.
The amplification during the previous period can be linked to the migration towards the usb-c standard, escalating device compatibility, accelerated data transmission speed, improved power delivery, and industry standardization.
What Is The Expected Growth In The USB C Charging Cable Market Size Evolve over the Forecast Period?
The usb c charging cable market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for USB-C charging cables is anticipated to experience swift expansion in the upcoming years, with an expected rise to $8.06 billion in 2029 and a compound annual growth rate (CAGR) of 18.1%.
This predicted growth during the forecast period can be credited to the ongoing spread of devices, the expansion of e-commerce, the escalating need for connectivity, soaring consumer expectations, and the attractiveness of a sleek design and reversible connector. Moving forward, several trends are expected to shape the market, including improvements in charging technologies, the intensified adoption of devices, speedy charging technologies, universal compatibility, alongside enhanced durability and lifespan.
What Main Forces Are Fueling Expansion In The USB C Charging Cable Market?
Consumer electronics' increasing popularity is projected to catalyze the expansion of the USB-C charging cable market. This term alludes to electronic gadgets routinely used by individuals for entertainment, communication, and productivity. Among the devices that use USB-C cables for charging and data transfer are laptops, smartphones, tablets, and game consoles. In May 2023, as per records from the Japan Electronics and Information Technology Industries Association, a Japan-trade based organization, the country's total production of electronic equipment hit $52,365,535 million. Additionally, in the same month, the production of consumer electronic items jumped to $2,178,430 million from the previous year's $1,714,724 million. Consequently, the growth in consumer electronics usage is a significant force propelling the USB-C charging cable market. The progression of the e-commerce landscape is another factor anticipated to spur the growth of the USB-C charging cable market. E-commerce encompasses internet-mediated buying and selling of goods and services and includes activities such as online shopping, digital payments, and electronic marketing. In the USB-C charging cable space, e-commerce enhances product visibility and offers consumers an easy-to-navigate platform to explore and buy a diversity of products. Illustratively, records from the US Census Bureau, a division of the US Department of Commerce, show that US retail e-commerce sales hit an estimated $271.7 billion in the third quarter of 2023, a 0.9% increase from the previous quarter. Apart from this, there was a 7.8% surge (±1.2%) in e-commerce sales from the third quarter of 2022, as total retail sales rose by 2.0% over the same timeline. Hence, the rise of e-commerce significantly contributes to the growth trajectory of the USB-C charging cable market.
What Are The Primary Segments In The Global USB C Charging Cable Market?
The USB-C charging cable market covered in this report is segmented –
1) By Port Type: USB 2.0, USB 3.0, USB 3.1, USB 3.2, Other Port
2) By Protocols: DisplayPort, HDMI, MHL, Thunderbolt
3) By Industries: Consumer Electronics, Automotive Media And Entertainment, Telecommunications, Healthcare
4) By Application: Smartphones And Tablets, Personal Computers And Laptops, Digital Cameras, Chargers And Adapters, Media Players, TV
Subsegments:
1) By USB 2.0: Standard USB 2.0 Type-C Cables, High-Speed USB 2.0 Type-C Cables
2) By USB 3.0: USB 3.0 Type-C Cables, USB 3.0 SuperSpeed Type-C Cables
3) By USB 3.1: USB 3.1 Gen 1 Type-C Cables, USB 3.1 Gen 2 Type-C Cables
4) By USB 3.2: USB 3.2 Gen 1 Type-C Cables, USB 3.2 Gen 2 Type-C Cables
5) By Other Port: Thunderbolt 3 Type-C Cables, USB 4.0 Type-C Cables
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How Are New Trends Impacting The Size Of The USB C Charging Cable Market?
Trend 1:
Text: Leading entities operating in the market for USB-C charging cables are directing their efforts towards the introduction of charging power delivery technologies, seeking to carve out a competitive advantage. Charging power delivery refers to the accelerated charging technology that hinges on the USB-C model. For example, in September 2023, Infineon Technologies, the Germany-based semiconductors manufacturer, rolled out an Electronically-Marked Cable Assembly (EMCA) controller integrated with Extended Power Range (EPR) support to provide up to 54 V safeguard for passive USB-C cables. The novel controller equipped with a flexible 47-byte storage area functions within a 2.7 to 5.5V CONN supply extent, guaranteeing seamless compatibility with a gamut of USB-C gadgets and cables.
Companies Lead The Charge With Plant-Based USB-C Charging Cables For Sustainable Progress
Dominant corporations within the USB-C charging cable market are placing additional emphasis on creating pioneering products like eco-friendly USB-C charging cables, with a view to establish a competitive edge. These plant-based USB-C charging cables are an innovative breed of cables, composed of plant-derived materials like corn and sugarcane, as opposed to the conventional petroleum-based plastics. For example, in September 2022, Anker Innovations Co Ltd., the China-based electronics manufacturer, inaugurated its range of Eco-friendly USB-C Charging Cables. Anker's Green USB-C Cables meet a variety of requirements, featuring two different lengths (3ft and 6ft) and adaptable to different devices through their USB-C to USB-C and USB-C to Lightning models. Anker's plant-based USB-C cables facilitate swift charging, ensuring gadgets are powered up swiftly and effectively.
Who Are the Key Players In The USB C Charging Cable Market?
Major companies operating in the usb-c charging cable market report are:
• Apple Inc.
• Samsung Electronics Co.Ltd.
• Huawei Technologies Co. Ltd.
• Lenovo Group Limited
• IKEA Systems B.V.
• Xiaomi Corporation
• Luxshare Precision Industry Co. Ltd.
• Richtek Technology Corporation
• Texas Instruments Incorporated
• Koninklijke Philips N.V.
• STMicroelectronics
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Analog Devices Inc.
• ON Semiconductor
• Microchip Technology Inc.
• ROHM Semiconductor
• Anker Innovations Limited
• Diodes Incorporated
• Hirose Electric Group
• OnePlus Technology (Shenzhen) Co.Ltd.
• Silicon Laboratories Inc.
• Belkin International Inc.
• Aukey Technology Co. Ltd.
• Pisen Electronics Co. Ltd.
• Analogix Semiconductor Inc.
• Ugreen Group Limited
• Satechi Corporation
• AmazonBasics
• PYS Enterpris
What Is The Most Dominant Region In The USB C Charging Cable Market?
North America was the largest region in the usb-c charging cable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the usb-c charging cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
