PUBLISHER: The Business Research Company | PRODUCT CODE: 1455345
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455345
A USB-C charging cable is a type of connector and cable widely utilized for charging various electronic devices. The USB-C connector, an industry-standard, facilitates the transfer of both power and data through a single cable.
The primary port types of USB-C charging cables include USB 2.0, USB 3.0, USB 3.1, USB 3.2, and other ports. USB 2.0 (Universal Serial Bus 2.0) serves as a standard for connecting devices to a computer, representing an older version of the USB specification that marked a significant improvement over its predecessor, USB 1.1. Various protocols such as DisplayPort, HDMI, MHL, and Thunderbolt are employed across industries such as consumer electronics, automotive, media and entertainment, telecommunications, and healthcare. USB-C charging cables find diverse applications in smartphones and tablets, personal computers and laptops, digital cameras, chargers and adapters, media players, and TVs.
The USB-C charging cable market research report is one of a series of new reports from The Business Research Company that provides USB-C charging cable market statistics, including the USB-C charging cable industry global market size, regional shares, competitors with a USB-C charging cable market share, detailed USB-C charging cable market segments, market trends and opportunities, and any further data you may need to thrive in the USB-C charging cable industry. This USB-C charging cable 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 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 observed in the historical period can be attributed to the transition to the USB-C standard, the increasing compatibility of devices, the heightened data transfer speed, enhanced power delivery, and 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 anticipated growth in the forecast period can be attributed to the continued proliferation of devices, the growth of e-commerce, increasing connectivity needs, rising consumer expectations, and the demand for slimmer designs and reversible connectors. Key trends expected in the forecast period include advancements in charging technologies, increased device adoption, the integration of fast charging technology, universal compatibility, and a focus on durability and longevity.
The expected surge in consumer electronics is set to drive the growth of the USB-C charging cable market in the future. Consumer electronics encompass electronic devices and gadgets designed for everyday use, primarily for entertainment, communication, and productivity purposes. USB-C cables play a crucial role in charging and data transfer between various consumer electronic devices equipped with a USB-C port, such as laptops, smartphones, tablets, and gaming consoles. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that the total electronic equipment production in Japan reached $52,365,535 million. Additionally, the production of consumer electronics in May 2023 increased to $2,178,430 million, showing growth from $1,714,724 million reported in May 2022. Consequently, the upsurge in consumer electronics is propelling the USB-C charging cable market's growth.
The expansion of e-commerce is anticipated to fuel the growth of the USB-C charging cable market. E-commerce involves the buying and selling of goods and services over the Internet, covering activities such as online shopping, electronic payments, and digital marketing. E-commerce plays a pivotal role in the USB-C charging cable market by enhancing product accessibility and providing a convenient platform for consumers to compare and purchase various options. According to the US Census Bureau, in the third quarter of 2023, U.S. retail e-commerce sales reached an estimated $271.7 billion, marking a 0.9% increase from the previous quarter. Furthermore, compared to the third quarter of 2022, e-commerce sales saw a rise of 7.8% (+-1.2%), while total retail sales increased by 2.0% during the same period. Hence, the expansion of e-commerce is contributing to the growth of the USB-C charging cable market.
Leading companies in the USB-C charging cable market are increasingly focusing on introducing charging power delivery technologies to gain a competitive advantage. Charging power delivery technology is a fast-charging technology based on the USB-C standard. For instance, in September 2023, Infineon Technologies, a Germany-based semiconductor manufacturing company, launched an Electronically-Marked Cable Assembly (EMCA) controller with Extended Power Range (EPR) support, providing protection up to 54 V for passive USB-C cables. The new controller, with a configurable 47-byte storage space, operates within a 2.7 to 5.5V CONN supply range, ensuring seamless compatibility with various USB-C devices and cables.
Major companies in the USB-C charging cable market are also placing increased emphasis on developing innovative products, such as bio-based USB-C charging cables, to stay competitive. Bio-based USB-C charging cables are a novel type of cable made from plant-based materials such as corn and sugarcane, moving away from traditional petroleum-based plastics. For example, in September 2022, Anker Innovations Co Ltd., a China-based electronics manufacturer, introduced Bio-based USB-C Charging Cables. These cables come in two sizes (3ft and 6ft) and support 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 efficient and quick power-up for devices.
In January 2024, Gentex Corporation, a US-based provider of electronics and technology, acquired eSight for an undisclosed amount. This strategic acquisition combines Gentex's expertise in optical technologies with eSight's proven vision enhancement hardware and software. eSight, based in Canada, is a provider of wearable medical devices and USB-C charging cables.
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 Enterprise
North America was the largest region in the usb-c charging cable market in 2023. 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.
The countries covered in the USB-C charging cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The USB-C charging cable market consists of sales of Standard USB-C to USB-C Cable, USB-C to USB-A Cable, USB-C to lightning cables, USB-C to HDMI cables, USB-C to USB-C extension cables, and USB-C car chargers and adapters. 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.
USB-C Charging Cable 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 usb-c charging cable 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 usb-c charging cable ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The usb-c charging cable 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.