The USB-C Charging Cable Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s USB-C Charging Cable Global Market Report 2024, The usb-c charging cable market size has grown rapidly in recent years. It will grow from $2.97 billion in 2023 to $3.5 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to transition to usb-c standard, rising device compatibility, increased data transfer speed, enhanced power delivery, industry standardization.
The usb-c charging cable market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to continued device proliferation, e-commerce growth, increasing connectivity needs, rising consumer expectations, slimmer design and reversible connecto. Major trends in the forecast period include advancements in charging technologies, increased device adoption, fast charging technology, universal compatibility, durability and longevity.
The rise in consumer electronics is expected to propel the growth of the USB-C charging cable market going forward. Consumer electronics refer to electronic devices and gadgets designed for everyday use by individuals, primarily for entertainment, communication, and productivity purposes. USB-C cables are used to charge and transfer data between various consumer electronic devices that have a USB-C port, including laptops, smartphones, tablets, and gaming consoles. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in the country amounted to $52,365,535 million. Furthermore, the production of consumer electronics in May 2023 rose to $2,178,430 million, showcasing an increase from $1,714,724 million reported in May 2022. Therefore, the rise in consumer electronics is driving the growth of the USB-C charging cable market.
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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
Major companies operating in the USB-C charging cable market are increasing their focus on developing innovative products, such as bio-based USB-C charging cables, to gain a competitive edge in the market. Bio-based USB-C charging cables are a new type of cable that is made with plant-based materials, such as corn and sugarcane, instead of traditional petroleum-based plastics. For instance, in September 2022, Anker Innovations Co Ltd., a China-based manufacturer of electronics, launched Bio-based USB-C Charging Cables. Anker’s Bio-based USB-C Cables cater to various needs, offering two sizes (3ft and 6ft) and compatibility with different devices through USB-C to USB-C and USB-C to Lightning variants. Anker’s Bio-based USB-C cables support fast charging, ensuring devices get powered up quickly and efficiently.
The USB-C charging cable market report table of contents includes:
- Executive Summary
- USB-C Charging Cable Market Characteristics
- USB-C Charging Cable Market Trends And Strategies
- USB-C Charging Cable Market – Macro Economic Scenario
- Global USB-C Charging Cable Market Size and Growth
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- Global USB-C Charging Cable Market Competitive Benchmarking
- Global USB-C Charging Cable Market Competitive Dashboard
- Key Mergers And Acquisitions In USB-C Charging Cable Market
- USB-C Charging Cable Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Apple Inc.
- Samsung Electronics Co.
- Huawei Technologies Co. Ltd.
- Lenovo Group Limited
- IKEA Systems B.V.
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