The wired interface market was valued
at 6.30 billion units in 2017 and is expected to reach 8.78 billion units by
2023, at a CAGR of 6.2% during the forecast period. The said market was valued
at USD 15.31 billion in 2017, and is expected to reach USD 34.72 billion by
2023, at a CAGR of 14.2% between 2018 and 2023. The base year considered for
the study is 2017, and the forecast period is between 2018 and 2023.
Use
of USB Type C Wired Interface Technology is expected to gain traction from
Smartphone and Tablet devices
The
wired interface market is greatly influenced by the smartphone market.
According to the Cisco VNI forecast, smartphones accounted for 3.6 billion
units of all network devices in 2016 and are expected to reach 6.2 billion
units by 2021. This is due to the growing adoption of smartphones in Asia
Pacific (APAC) and Rest of the World (RoW). The growing adoption of smartphones
is expected to propel the demand for USB Type C wired interface technology
during the forecast period (2018–2023).
Companies
such as Molex, Inc. (The US), Amphenol Corporation (The US), Japan Aviation
Electronics Industry, Ltd. (Japan), TE Connectivity Ltd. (Switzerland),
STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (The
Netherlands), Microchip Technology Inc. (The US), Texas Instruments Inc. (The
US), Cypress Semiconductor Corp. (The US), Rohm Co., Ltd. (Japan), Hirose
Electric Co., Ltd. (Japan), ON Semiconductor Corporation (The US), Analog
Devices Inc. (The US), Diodes Inc. (The US), Murata Manufacturing Co. Ltd.
(Japan), Vishay Intertechnology, Inc. (The US), Silicon Laboratories Inc. (The
US), Maxim Integrated Products, Inc. (The US), CUI, Inc. (The US), and Yamaichi
Electronics Co.,Ltd. (Japan) are some of the major players in the wired
interface market.
PCs
and laptops are expected to hold the largest share of the wired interface
market throughout the forecast period. Most PCs and laptops are equipped with
USB, HDMI, DisplayPort, and Thunderport technologies. Demand for PC and laptop
is expected to decrease during the forecast period because of the increase in
the use of smartphones and tablets. Furthermore, because of the high price of
laptops, in developing economies, consumers are delaying buying new
PCs/laptops, thus extending the lifecycle of existing PCs/laptops.
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The
USB Type C wired interface is expected to grow at the highest CAGR during the
forecast period. USB Type C wired interface is a two-way rotational 24-pin
connector, which is smaller in size and can be embedded with all possible
devices. Thus, they are currently being adopted in compact devices such as
smartphone, tablets and wearables.
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