USB (Universal Serial Bus)-C charging cables are versatile, reversible connectors that are primarily used to charge devices and sometimes to transfer data. USB-C cables are widely adopted across various industries, due to their power delivery capabilities and ability to support multiple protocols. The USB-C standard, also known as USB Type-C, is a specification for a 24-pin reversible-plug connector system. It is part of the broader USB standards used for data transfer and power delivery between devices.
The USB-C charging cable market consists of sales, by entities (organizations, sole traders and partnerships), of USB-C charging cables that use the USB-C connector to charge devices and sometimes transfer data.
The global USB-C charging cable market was valued at $1,686.22 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 11.0%.
Rise In Demand For Consumer Electronics
The rise in demand for consumer electronics is expected to propel the growth of the USB-C charging cable market. 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 electronics that have a USB-C port, including laptops, smartphones, tablets and gaming consoles. According to data published by the Federal Reserve Economic Data, a US-based research division of the Federal Reserve Bank, the sales of electronics and appliance stores in the US stood at $3,487 million in 2020, which was raised to $8,540 million in 2021. Additionally, according to the United States Census Bureau, a US-based government agency, between 2016 and 2021, families with kids who owned tablets was 21% higher than households without kids. Therefore, the rise in consumer electronics drove the growth of the USB-C charging cable market.
Introduction Of Bio-Based USB-C Charging Cables For Sustainable Innovation
Companies 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 example, 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 global USB-C charging cable market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 6.17% of the total market in 2023.
USB-C Charging Cable Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global USB-C charging cable market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider USB-C charging cable market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by port type, by protocols, by industries and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the USB-C charging cable market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by port type, by protocols, by industries and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for USB-C charging cable providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 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; Other Protocols
- 3) By Industries: Consumer Electronics; Automotive; Media And Entertainment; Telecommunications; Healthcare; Other Industries
- 4) By Application: Smartphones And Tablets; Personal Computers And Laptops; Digital Cameras; Media Players; TV; Other Applications
- Companies Mentioned: Belkin International, Inc; UGREEN; AUKEY; Anker Innovations Co., Ltd; Apple Inc
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; USB-C charging cable indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.