USB Type-C Passive Component Market Is Expected To Reach USD 9.1 Bn by 2027

SAN JOSE, Calif. - July 7, 2020 - PRLog -- According to a new market research report published by sheer analytics and insights, "The Global USB Type-C Passive Component (Interconnects, Connects and Ports) Market will grow at 24.5% CAGR from 2020 to 2027, as per the latest market research report titled Global USB Type-C Passive Component (Interconnects, Connects and Ports) Market (By Product - Type-C to HDMI/MHL/Display Port Connector, Thunderbolt 3 (USB-C) Connector, USB Type-C Charger and Type-C embedded ports. By End-User - Smartphones & Tablets, Consumer Electronics & Wearable's, Laptops, Data Centre, Industrial Automation, Automotive, Medical Devices and Others, By Sales Channel - Business to Business (B2B) and Business to Consumer (B2C), By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)– Global industry analysis, size, share, growth, trends, and forecast, 2019-2027.

USB Type-C connectors are designed to facilitate manufacturers in designing sleek and slim mobile devices and electronic gadgets. These connectors have reversible interface can accept plug-in from either direction. This presents a more easy and reliable connection to electronics and mobile devices as compared to traditional USB type. USB Type-C is used across a diverse range of devices irrespective of their operating system and design. The USB Type-C Passive Component (Interconnects, Connects and Ports) Market is primarily driven by enhanced performance of USB-C over the traditional USB types. USB-C is highly convenient to use and facilitates faster device charging. With a wide range of compatible devices supporting the USB-C type, it is expected to replace the conventional USB type in the future. This is projected to propel the market growth during the forecast period. However, the well-established USB-A market is projected to be a market restraining factor for the market in the forecast timeline. Apart from this, the significant advantage of USB Type-C over conventional type is expected to penetrate the market rapidly in the forecast period from 2020 to 2027.

Geographically, The USB Type-C Passive Component (Interconnects, Connects and Ports) Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.

The primary key players in the USB Type-C Passive Component (Interconnects, Connects and Ports) Market includes Analog Devices Inc., Belkin International Inc., Diodes Inc., Infineon Technologies AG, Microchip Technology, NXP Semiconductors N.V., ON Semiconductor Corporation, STMicroelectronics NV, TE Connectivity Ltd, and Texas Instruments Inc.,

Browse the Full report at https://www.sheeranalyticsandinsights.com/market-report-research/usb-type-c-passive-component-market-21