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USB Cable Market Size Worth $41.4 billion by 2028 - KBV Research
By: KBV Research
According to a new report, published by KBV research, The Global USB Cable Market size is expected to reach $41.4 billion by 2028, rising at a market growth of 17% CAGR during the forecast period.
The Type B market is poised to grow at a CAGR of 17.2% during (2022 - 2028). These square-shaped plugs and receptacles, which are officially known as USB Standard-B, have an additional notch on top and are most readily identifiable on USB 3.0 Type B connectors. Plugs for USB 1.1 Type B, USB 2.0 Type B, and USB 3.0 are all physically compatible. USB 3.0 Type B plugs are incompatible with USB 2.0 Type B or USB 1.1 Type B receptacles, although they are compatible with Type B receptacles.
The Computer market is leading the Global USB Cable Market by Application in 2021; thereby, achieving a market value of $11 billion by 2028. Two to four USB ports are typically located in the front and two to eight are located in the back of a desktop computer. On the left, right, or both sides of a laptop computer are one to four ports. The charging port in a tablet incorporates a USB port, often a Micro-USB port sometimes a USB-C port as well.
The Commercial market would showcase a CAGR of 17.2% during (2022 - 2028). The provision of USB as data cables, or charging cables or as plug-in devices is spurring the growth of this segment. The advent of technological devices especially those made for entertainment purposes are the major driving factor of this segment. The presence of USB plug-in devices and the availability of USB-OTG has further boosted the use of USB cables in the commercial industry.
Global USB Cable Market Segmentation
By Product Type