Global Sales of USB 3.0 Enabled Devices are Projected to Reach 3 Billion Units by 2020

Superior Capabilities & OEM Shift Towards Latest Standard Interface Drive the Global Market for USB 3.0, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on the USB 3.0 market. Global sales of USB 3.0 Enabled Devices are projected to reach 3 billion units by 2020, driven by the robust consumer demand for faster data transfer speeds.  

Since the launch of its first version in the year 1996, the Universal Serial Bus (USB) interface has become ubiquitous in a wide range of electronic devices and gadgets. USB, over the years, has evolved into one of the most highly successful interface technologies. USB was developed with an intention of replacing legacy serial and parallel computer ports, and making connection of peripheral devices such as portable media players, disk drives, pointing devices, keyboards, printers, network adapters, and digital cameras/video recorders to computers quick and hassle free. USB’s popularity can also be attributed to the fact that it has evolved continuously, from USB 1.0, 2.0 and 3.0, to address the changing consumer needs. Each new version has brought in numerous performance improvements to the USB standard. The new advanced USB 3.0 standard flaunts benefits, such as, high-speed data transfer, backward compatibility with USB 2.0 devices, and power and cost-efficiencies.

Although still in the early stages of commercial adoption, USB 3.0 is poised to witness strong acceptance in a range of electronic devices, as device manufacturers’ begin to focus on improving customer experience of speed by reducing latency rates. Spiraling sales of electronic devices and the growing need for seamless device connectivity in a multi-network environment will also help spur growth in the market. For instance, high-definition video recorders typically generate tens of gigabytes of data that have to be transferred to a personal computer for viewing, editing or archiving. Cameras need to connect to printers for printing captured images. Portable media players, external hard disks and flash drives often store huge volumes of uncompressed images, audio and other digital files. Transferring such uncompressed and raw content from one device to another requires easy plug and play connectivity and faster transfer rates. Penetration of USB 3.0 interface in USB flash drives, external hard disks, and in notebook computers therefore bodes well for the market.

Personal computers market represents a key early adopter of the USB 3.0 technology. Most of the new computers shipped, particularly mobile computers/notebooks are equipped with USB 3.0 ports. Notebooks are projected to be the single largest device segment that will ship with USB 3.0 capability. Rapid proliferation of USB 3.0 enabled storage devices will also help drive growth, especially with the introduction of high-bandwidth storage devices such as 64-GB flash drives and Terabyte external HDs.

As stated by the new market research report on USB 3.0, Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of 36% over the analysis period. Growth in the region is led by rising standards of living, increase in discretionary income, rise of digital converged lifestyles and the ensuing robust sales of communication and entertainment devices.

Major USB 3.0 chip manufacturers in the market include Advanced Micro Devices Inc., ASMedia Technology Inc., Avago Technologies Ltd., Cypress Semiconductor Corporation, DisplayLink Corporation, Etron Technology Inc., Faraday Technology Corporation, Fresco Logic Inc., Fujitsu Limited, Intel Corporation, LucidPort Technology, Inc, Renesas Electronics Corporation, Standard Microsystems Corporation, Synopsys Inc., Texas Instruments, and VIA Technologies Inc. among others. Major USB 3.0 enabled device manufacturers covered in the report include Apple Inc., Dell Corporation, ELECOM Co Ltd, LaCie S.A.S, Microsoft Corporation, Hewlett-Packard Company, Kingston Technology Company, LenovoEMC Ltd., Micron Consumer Products Group, Inc, Samsung Corporation, SanDisk Corporation, Seagate Technology LLC, Toshiba Corporation, and Transcend Information Inc. among others.

The research report titled “USB 3.0: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for USB 3.0 Enabled Devices in Thousand units for all major geographic markets including the US, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, and Rest of World. 

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more