Global USB Hub Market by Type (USB 2.0, USB 3.0, USB 3.1 and other types), By End-User (Residential and commercial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032.
- Published date: Jun 2023
- Report ID: 103253
- Number of Pages: 246
- Format:
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Report Overview
The Global USB Hub Market size is expected to be worth around USD 8.4 Billion by 2032 from USD 4.1 Billion in 2022, growing at a CAGR of 7.60% during the forecast period from 2023 to 2032.
The USB Hub is hardware that enhances the single available USB port. It is used to connect multiple USB devices to the computer and other available USB ports. It also allows several devices to share information from one device to another without requiring a separate connection for every device. The USB hub allows multiple devices to be connected with increasing demand in the IT sectors, gaming industry, residential sectors, and other industries.
IT companies are experiencing growth due to increasingly advanced technologies such as AI, machine learning, and blockchain. The e-sports and gaming sector boosts the growth of the USB hub market with the rising popularity of video games and esports.
Driving Factors
The Increasing Growth of the Internet of Things (IoT) Drive the Need for USB Hubs
With the growing demand for high-speed data transfer, users are in demand for USB hubs that can support faster data transfer. The Increasing growth of the Internet of Things (IoT) drives the need for USB hubs that can connect with a wider range of devices, cameras, sensors, and other smart devices.
The development of advanced technologies such as high-speed data transfer and wireless charging drive the growth of USB hubs that can support these features with more individuals working from home, and the requirement for convenient and portable USB hubs is rising. The rising popularity of USB Type-C ports, which are becoming more common on novel devices, also drives the market growth for USB hubs.
Restraining Factors
The Growing Application and Popularity of the Thunderbolt Are Expected to Restrict the Growth of the USB Hub Market
The Thunder is the hardware interface that is developed by Intel in collaboration with Apple, and it is a direct computer with a USB. It is used for data transfer with the highest speed of up to 10 Gbps, the same as SuperSpeed Plus USB 3.1. But the Thunderbolt 4 speed is four times faster than the USB 3.1, which is up to 40 Gbps.
However, the Thunderbolt holds USB Type-C and has abilities of USB 3.1, PCI Rapid Gen 3, and Thunderbolt spaces. This Thunderbolt not only has lightning-fast data transfer but also speed can connect to peripheral and P2P networking. The growing application and popularity of the Thunderbolt are expected to restrict the growth of the USB hub market during the projection period.
Growth Opportunities
USB-C and USB-A Devices Offering Advance Features
The growing demand for high-speed USB hubs with the proliferation of high-speed USB devices, such as SSDs and external hard drives, increases the demand for USB hubs that support faster transfers. USB Type-C technology is becoming more popular in consumer electronics and is anticipated to replace older USBs such as USB-A and USB-B. It allows producers to develop USB hubs that are suitable for USB Type-C devices and hold high-speed data transfer rates.
Most of the devices require USB connectivity. Also, there is a growing demand for USB hubs with multiple ports. It involves hubs that support both USB-C and USB-A devices by offering advanced features such as increasing charging speed and built-in card readers. This USB hub is used in education to connect multiple devices in a classroom, medical devices, and healthcare to transfer patient data and help in the booming E-sports industry and gaming industry.
Trending Factors
USB Hub Devices Allows Multiple USB Devices to Connected Single USB Devices on a Computer
USB hub devices allow multiple USB devices to connect to a single USB device on a computer. The USB hub industry is rising for USB Type-C hubs. This USB Type-C hub is a more versatile connector, newer devices to handle more data, and supports features such as video output and fast charging.
Various new smartphones and laptops come with USB Type-C ports, so there is a growing need for USB hubs that can connect older USB devices to port these newer ones. The USB huh is anticipated to show significant growth with rising demand for USB connectivity. The USB Type-C can be estimated to see more USB Type-C hubs in the USB hub market.
By Type Analysis:
The USB 3.0 Hold Largest Shares in the USB Hub Market in 2022
Based on product type, the market is segmented into USB 2.0, USB 3.0, and USB 3.1. The USB 3.0 is the most dominating region in the USB hub market. USB 3.0 is the latest in a series of universal serial bus (USB) technologies that provide high-speed data connectivity. It offers 4x faster transfer rates than the recent versions of USB. This technology is based on the concept of plug-in connectors attached to any port and uses all four cables simultaneously to connect with devices such as scanners, printers, cameras external hard drives, and others.
USB 3.1 is expected to show the highest CAGR during the projection period. It is an advanced standard for USB hubs that supports data transfer of up to 12 Gbps. It is compatible with older versions of the USB standard. It is especially useful if regularly transferring high-definition video or another large file. The USB 2.0 is the Second version of the USB. It offers data transfer speeds up to 480Mb/s. USB 2.0 devices are mainly used for external storage devices such as flash memory keypads and hard disk drives. It requires high-speed data transfer capability.
End-User Analysis:
The Commercial Segment held the Largest Market Share in the USB Hub Market in 2022
Based on end-users, the market is segmented into residential and commercial. The commercial segment holds the largest shares in the USB hub market. Due to the rapid growth of digitalization, there is also an increase in the commercial applications of the USB hub market day by day. The rising IT companies, manufacturing, Growing applications, and automation of IT in other companies such as chemical, oil & gas.
Also, growing advanced development in innovative technologies such as Big data and IoT has led to rising demand for USB hubs from commercial growth. The residential segment is expected to show significant growth during the forecast period. With industries for Work from home (WFH) due to the pandemic situation. The growing craze of professional gaming drives the growth of the residential segment in the USB Hubs market.
Key Market Segments:
By Type
- USB 2.0
- USB 3.0
- USB 3.1
By End-User
- Residential
- Commercial
COVID-19 Impact Analysis:
COVID-19 Pandemic Negative Impact on USB Hub Market All Around the World
The COVID-19 Pandemic has hurt all business productions and supply chains, with few of the sectors growing and most of the market players experiencing a decline. The COVID-19 wave spread all around the world, so the government has strict actions on this virus in the form of lockdowns, social distancing, borders sealed, trades halted, and lockdowns forced to run with reduced capacity.
However, most businesses had given hope to recovering from this pandemic loss or recover, but the COVID-19 second wave and the threat of the third wave have slowed the pace of recovery. Europe and North American industries report a shortage of professional workers, manufacturing technology, and sufficient labor costs for growth. Also, due to the trade war between China and the U.S., which are the world’s largest semiconductor producers, the supply chain is disrupted.
Regional Analysis:
North America Held Largest Shares in the USB Hub Market Across the Globe in 2022
Based on the region, the USB hub market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America held the largest shares in the USB hub market all around the world. Due to the increase in Silicon Valley is home to some of the major market players or prominent IT industries.
The Asia Pacific region is expected to register the highest shares in the market during the projection period due to the increase in growth of digital technologies, automation industries, IT companies, and the adoption of IoT.
Asia Pacific leads the USB hub market due to the presence of major market players, a growing gaming industry, technological advancements, and rising IT companies in regions such as India, Southeast Asia, and Japan. Also, the USB hub market is increasing rapidly in Europe due to the increasing adoption rate of Data, advances in technology, and IoT in this region.
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Developing key players are concentrated on a variety of strategies to develop their particular companies in foreign markets. Several USB hub market companies are concentrating on growing their R&D facilities and existing technology.
Furthermore, businesses in the USB hub market are developing portfolios and new product expansion strategies through mergers, investments, and acquisitions. In addition, numerous key players are now concentrating on different marketing strategies, which are expanding the growth of target products.
With the presence of many local and regional players, the market for global USB Hub is fragmented. Market players are subject to intense competition from top market players, particularly those with strong brand recognition and high distribution networks. To stay on top of the market, companies have gained various expansion strategies such as partnerships and product launches.
Market Key Players:
Listed below are some of the most prominent USB Hub market players.
- Anker Innovations Co. Ltd
- Conceptronic
- Vaunix Technology Corp.
- Belkin International, Inc.
- Honeywell International
- Texas Instruments
- Other Key Players
Recent Developments:
- In September 2021: our expertise in energy-efficient power electronics, an enterprise server power supply unit with an 80% increase in power density and 1% increase in efficiency developed by Delta Electronics and Texas Instruments Gallium Nitride Technology are experts in energy-efficient power electronics.
- In June 2021: According to Sony Semiconductor Solutions Corporation the IMX585, a 1/1.2-type 4k determine CMOS picture sensor for safety cameras that produce the multiple times dynamic scope of a new model in a single revelation, will be available quickly.
Report Scope:
Report Features Description Market Value (2022) USD 4.1Bn Forecast Revenue (2032) USD 8.4Bn CAGR (2023-2032) 7.6% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered by Type (USB 2.0, USB 3.0, USB 3.1, and other types); By End-User (Residential and commercial) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Anker Innovations Co. Ltd, StarTech.com, Conceptronic, USBGear.com, atolla.com, Vaunix Technology Corp., Belkin International, Inc., Honeywell International, Texas Instruments, and Other Key Players. Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the USB Hub Market Size in the Year 2022?The USB Hub Market size was USD 4.1 Billion in 2022, growing at a CAGR of 7.60% during the forecast period from 2023 to 2032.
What is the USB Hub Market CAGR During the Forecast Period 2023-2032?The USB Hub Market size is growing at a CAGR of 7.60% during the forecast period from 2023 to 2032.
What is the USB Hub Market Size During the Forecast Period 2023-2032?The USB Hub Market size is expected to be worth around USD 8.4 Billion by 2032.
- Anker Innovations Co. Ltd
- Conceptronic
- Vaunix Technology Corp.
- Belkin International, Inc.
- Honeywell International, Inc. Company Profile
- Texas Instruments
- Other Key Players
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