by The USB Controllers Market is primarily engaged in manufacturing various USB controllers that are used for data transmission and power supply between electronic devices and hosts. USB controllers offer benefits such as fast data transfer speeds, universal connectivity, and reliability. With the growing popularity of portable consumer electronics like smartphones, tablets, portable gaming consoles, and other devices, the demand for these controllers is increasing significantly.
The Global USB Controllers Market is estimated to be valued at US$ 9.24 Bn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the USB Controllers Market operating in the USB Controllers market are ASMedia Technology Inc., Broadcom Inc., Cypress Semiconductor Corporation (Infineon Technologies AG), Diodes Incorporated, Intel Corporation, Microchip Technology Inc., NXP Semiconductors N.V., ON Semiconductor Corporation, Renesas Electronics Corporation, Realtek Semiconductor Corporation, STMicroelectronics, Texas Instruments Incorporated, VIA Technologies, Inc., Winbond Electronics Corporation, and Zyxel Communications Corp.
Growing demand in the market
USB Controllers Market growth is driven by the increasing demand for USB controllers from sectors like consumer electronics, automotive, healthcare, and industrial automation due to the integration of USB technology for connectivity and charging. Additionally, the rising penetration of USB 3.0 and USB 3.1 standards is fueling the adoption of USB controllers for faster data transfers and better power efficiency.
Global expansion of the market Key players in the USB controllers market are expanding their operations globally, especially in developing regions in Asia Pacific and Latin America. This is attributed to factors like rising disposable incomes, growing adoption of electronic devices, and increasing investments by international players in these emerging economies.
Market Key Trends
The trend of USB4 specification at 40Gbps speed being increasingly adopted by device manufacturers to support demand for faster data transfer is driving the USB controllers market. USB4 offers bidirectional data transfer and is revolutionizing various applications in VR, external graphics docks, double 4K and 5K displays, and storage applications. It is expected to further accelerate the uptake of next-gen USB controllers during the forecast period.
Porter’s Analysis
Threat of new entrants: Low economies of scale and differentiated technology creates barriers for new entrants in the market.
Bargaining power of buyers: Large pool of existing suppliers gives buyers more options to choose from and negotiate on price.
Bargaining power of suppliers: Established players have strong relationships with OEMs and
brand loyalty gives them competitive advantage over new suppliers.
Threat of new substitutes: New interface technologies like Thunderbolt offers alternatives but USB still dominates portable device connections.
Competitive rivalry: Market dominated by few global players with many local manufacturers offering compatibility versions increases price competition.
Geographically USB Controllers Market Challenges and Opportunities reveal that North America holds the largest share in the global USB controllers market currently. This is majorly attributed to the high adoption of electronic gadgets such as smartphones, laptops, and gaming consoles in countries like the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period. Increasing electronics manufacturing and sales in China, India, Japan, Taiwan and South Korea is driving the growth of USB controllers market in Asia Pacific. Growing middle class population and disposable incomes in emerging countries is fueling the demand.
The USB controller market in Europe is mainly concentrated in Western European countries like UK, Germany, France and Italy. Presence of leading automotive OEMs and electronic goods manufacturers support the regional market growth. USB ports are integrated across consumer electronic devices as well as industrial equipment and machinery. Latin America and Middle East & Africa offer lucrative opportunities for market players driven by growing acceptability of technology.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
