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Global USB 3.0 enabled devices market: 3 billion units by 2018

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PR-Inside.com: 2014-03-14 07:47:02
Sales in the global USB 3.0 Enabled Devices market are projected to reach 3 billion units by 2018, primarily driven by the need for faster data transmission speeds between peripheral devices and host computers.

Universal Serial Bus (USB) interface has become a ubiquitous interface technology in a wide range of electronic devices since the introduction of its first version in 1996. Developed to replace legacy serial and parallel computer ports, USB provides an efficient, fast and hassle free connection interface for peripheral devices like portable media players, disk drives, keyboards, printers, network adapters, and digital cameras/video recorders, among others. The technology has witnessed remarkable growth with the number of USB ports installed on electronic devices growing to unprecedented levels.

The popularity of USB can be attributed to its rapid evolution in sync with changing consumer needs over the years. In line with this trend, the newest revision of the Universal Serial Bus standard dubbed USB 3.0 was released in 2009. The new standard brings in numerous performance enhancements with the most noteworthy being faster transfer rates upto 4.8Gbp, superior power management capabilities, and higher maximum bus power. USB 3.0 also provides backward compatibility with USB 2.0 based devices. The USB 3.0 market is still in its nascent stage and the potential for rapid proliferation in peripheral devices is expected yield significant gains in the coming years.

Penetration of USB 3.0 interface in USB flash drives, external hard disks, and in notebook computers, bodes well for the market. The personal computers market represents a key early adopter of the USB 3.0 technology. Most of the new computers shipped, particularly mobile computers/notebooks, are equipped with USB 3.0 ports. Notebooks are projected to be the single largest device segment that will ship with USB 3.0 capability. Growth in sales of laptops and notebooks are therefore expected to benefit the market. Rapid proliferation of USB 3.0 enabled storage devices is also helping drive growth of the USB 3.0 technology. With the introduction of high-bandwidth storage devices such as 64-GB flash drives and Terabyte external HDs, USB 2.0 specification is fast becoming a data bottleneck. Transfer of content from these storage devices to computers typically demands faster transmission speeds and high bandwidth capacity, which are provided by the USB 3.0 specification. High-bandwidth devices can provide better performance if upgraded to USB 3.0 and therefore offer excellent prospects for USB 3.0.

Asia-Pacific represents one of the fastest growing markets worldwide with a projected CAGR of 78.9% over the analysis period.

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