PUBLISHER: The Business Research Company | PRODUCT CODE: 1425410
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425410
Docking Station Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on docking station market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for docking station? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The docking station market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A docking station is an electrical device or hardware component designed to provide access to a power source, peripheral devices, or additional features while accommodating the placement and charging of devices like laptops, smartphones, or other mobile devices.
The primary connectivity types for docking stations are either wired or wireless. Docking stations vary in port availability, including single port, double port, and multiple port devices. These docking stations are available through both online and offline distribution channels and find applications in laptops, mobile devices, tablets, hard drives, and various other devices.
The docking station market research report is one of a series of new reports from The Business Research Company that provides docking station market statistics, including docking station industry global market size, regional shares, competitors with a docking station market share, detailed docking station market segments, market trends and opportunities, and any further data you may need to thrive in the docking station industry. This docking station market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The docking station market size has grown strongly in recent years. It will grow from $4.33 billion in 2023 to $4.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed in the historical period can be attributed to factors such as early adoption in corporate environments, the diversification of devices, advancements in interface standards, economic factors, and the enhancement of productivity.
The docking station market size is expected to see strong growth in the next few years. It will grow to $5.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be attributed to the emphasis on eco-friendly and sustainable designs, the rise in specialized industry demands, increasing customization and modularity, a focus on hybrid work solutions, and compatibility with emerging devices. Major trends in the forecast period encompass the rise of USB-C connectivity, advancements in wireless connectivity, the development of compact and portable designs, the integration of AI and smart features, and a focus on modularity and customization in the design of devices.
The docking station market is poised for growth, propelled by the increasing adoption of portable electronics. Portable electronics, encompassing devices like personal computers, tablets, and mobile phones, are becoming ubiquitous. Docking stations serve as crucial connectors, facilitating the integration of portable devices with external power supplies, monitors, and keyboards. Notably, global PC shipments witnessed a 14.6% YoY increase in 2021, reaching 341,053 units, with Dell alone selling 59.3 million personal computers, indicating a notable surge in the adoption of portable electronics and driving the growth of the docking station market.
The docking station market is experiencing a boost due to the rising number of gamers seeking enhanced connectivity solutions. Gamers, actively engaged in video gaming, find docking stations instrumental in providing seamless connectivity for peripherals and external displays, thereby enhancing their gaming experience. In China, approximately 552.4 million individuals participated in online gaming in 2022, representing a penetration rate of 52.6%. In Canada, 23 million people, constituting 61% of the population, were involved in video gaming in 2021. This surge in the gaming community is a significant driver behind the growth of the docking station market.
Technological advancement emerges as a prominent trend in the docking station market, with major companies focusing on innovation to strengthen their market position. Alogic, Inc., a US-based manufacturer, exemplifies this trend by launching the CD2 and CH2, a new range of 4K dual-display, compact, universal docking stations. Powered by DisplayLink technology, these docks offer flexibility and simplicity to workstations, accommodating both USB-C and USB-A connectivity. The emphasis on providing high-performing ports and catering to diverse workstation needs reflects the commitment of companies to drive technological advancements in the docking station market.
Major players in the docking station market are strategically focusing on introducing high-performance docking stations to gain a competitive edge. High-performance docking stations are designed to optimize workstation functionality and productivity. For instance, Plugable Technologies, a US-based electronics company, launched the Thunderbolt 4 Docking Station for 4 Monitor Setup and 100W Laptop Charging in October 2023. Packed with features like support for up to four monitors, 100W laptop charging, and compatibility with various systems, this docking station offers 16 total ports, emphasizing the market's evolution towards advanced, feature-rich solutions.
In May 2021, Targus, a US-based company specializing in mobile computing accessories, successfully acquired Sanho and the Hyper brand of products. The financial details of the transaction were not disclosed. This strategic acquisition aimed to enhance Targus' capabilities and support for the tech brand, while providing Hyper with access to new markets, clients, and a global network of sales and marketing resources. HYPER by Sanho Corporation, the acquired brand, is based in the United States and is recognized for delivering innovative IT and mobile accessories with a focus on products related to Apple, portable power, data storage, and connectivity. The acquisition underscores Targus' commitment to expanding its product offerings and strengthening its position in the mobile computing accessories market.
Major companies operating in the docking station market report are Targus Corporation LLC, StarTech.com Ltd., Dell Technologies Inc., ACCO Brands Corporation, HP Development Company L.P., Lenovo Group Limited, Plugable Technologies LLC, Toshiba Corporation, Acer Inc., Samsung Electronics Co. Ltd., AsusTek Computer Inc., Fujitsu Limited, International Business Machines Corporation, Sony Corporation, Wellink Industrial Tech (Shenzhen) Co. Ltd., IiQunix, Kensington Computer Products Group Inc., Apple Inc., OWC Inc., Green Union Technology (Shenzhen) Co. Ltd., Baseus Technology Co. Ltd., CalDigit Inc., ORICO Technologies Co. Ltd., Belkin International Inc., Anker Innovations Limited, Koninklijke Philips N.V., Accell Corporation, j5create, EZQuest Inc., and Vinpok Technology Co. Ltd.
North America was the largest region in the docking station market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the docking station market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the docking station market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The docking station market consists of sales of audio jacks, an ethernet jack, SD card slots, and display ports. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.