The global USB cable market size was more than USD 11.33 million in 2020. The global USB cable market is forecast to grow at a compound annual growth rate (CAGR) of more than 16% during the forecast period from 2021-2027.

A USB cable connects a USB device to a host device, such as a computer, gaming console, or other USB devices. The Universal Serial Bus 1.1 specification allows for USB cables to work with devices that are universal serial bus 2.0-compliant. Universal serial bus cables may have different types of connectors. Connectors refer to the type of plug end.

These plugs connect to devices and hosts via corresponding receptacles. The wide range of connector types includes Standard A, Standard B, Micro-A, Mini B, Micro AB, and Micro B. Computers have receptacles called Universal Serial Bus ports, which are Standard-A receptacles. The Standard B type of receptacles is used to connect large peripherals, such as scanners and printers. Small portable devices such as cellular phones and digital cameras utilize the micro and mini receptacles universal serial bus.

Factors Affecting the Market

• Consumer electronics are the main factor driving the USB cable industry during the forecast period.
• With the increase in video distribution on demand, video conferencing, gaming, and surveillance devices, USB cables are rapidly becoming obsolete. In addition, there is an increase in the number of data centers, which is opportunistic for the industry growth. These factors point towards the rapid growth of the USB cable market in the future.
• Another factor driving the growth of the USB cable market is the development of USB technology and the emergence of USB 4. This sector poses a lucrative market opportunity for the development of USB cables. Furthermore, the emergence of USB type C provides a boost to the market. 
• USB security concerns are a significant hindrance to the market's growth.

COVID-19 Impact

A margin of influence has arisen in the global USB cable market due to the COVID-19 outbreak. Obtaining raw materials is one of the major concerns for market players, where shipping costs and time are the primary considerations. However, COVID-19's negative impact on the USB cable market growth is forecast to be limited in nature and be gone by the end of 2020, as USB cable products are likely to see a substantial increase in demand in a post-pandemic situation. 

Regional Overview

During the forecast period, the North American USB cable market is forecast to grow at the highest rate in large part due to the extensive market penetration and adoption of smart computing devices there.

Key Players

Several leading prominent competitors profiled in the global USB cable market are:

• Nikon Corporation
• Samsung Electronics Co.
• Panasonic Corporation
• Bose Corporation
• Belkin
• ION Audio
• Tripp Lite
• Xilinc Inc.
• Digilent Inc
• Future Technology Devices International Ltd.
• Other prominent Players

Aim of the Report

The global USB cable market segmentation focuses on Type, Functionality, Product Type, Application, Industrial Vertical, and Region.

Segmentation based on Type

• USB Type A
• USB Type B
• USB Type C

Segmentation based on Functionality

• USB 1.x
• USB 2.0
• USB 3.x
• USB 4

Segmentation based on Product Type

• USB Data Cable
• USB Charger
• Multifunctional USB Cable

Segmentation based on Application

• Smartphone
• Camera
• Camcorder
• Printer
• Scanner
• Computer
• TV
• Others

Segmentation based on Industrial Vertical

• Commercial
• IT & Telecommunication
• Industrial 
• Automotive
• Healthcare
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America