[143 Pages Report] 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).
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Demand for tablets is expected to increase because of its compact size and processor upgrade. According to the Cisco VNI forecast, tablets accounted for 580.3 million units of all networks devices in 2016 and are expected to grow at a CAGR of 5.3% during the forecast period. The USB wired interface technology is used in tablets for data and power connectivity purposes.
Major players in the wired interface market include 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).
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Smartphones, tablets, and PCs and laptops will drive the growth of the wired interface market during the forecast period.
Smartphone
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).
Tablet
Demand for tablets is expected to increase because of its compact size and processor upgrade. According to the Cisco VNI forecast, tablets accounted for 580.3 million units of all networks devices in 2016 and are expected to grow at a CAGR of 5.3% during the forecast period. The USB wired interface technology is used in tablets for data and power connectivity purposes.
PC & Laptop
Demand for PCs and laptops 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, which would indirectly affect the overall market revenue. Most PCs and laptops are equipped with USB, HDMI, DisplayPort, and Thunderport technologies. According to the Cisco VNI forecast, PCs are expected to account for 1.3 billion units of all network devices by 2021, at a CAGR of (2.5%) during the forecast period.
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