Europe USB Type-C Market Size to Surge at 20% CAGR by 2028

Date: February 09, 2023

Europe USB Type-C Market Size to Surge at 20% CAGR by 2028

The assessment report titled ‘Europe USB Type-C Market’ available with MarketStudyReport claims that Europe USB type-C market is estimated to account for a remunerative growth rate of 20% through 2028, and subsequently amass a decent valuation by the end of the forecast timeline.

Notable rise in consumer demand for such devices and advancements in the field of communication technology have significantly favored Europe USB Type-C market growth during 2022-2028.

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For those unaware, USB Type-C cables play an instrumental role in facilitating a speedy data transfer for consumers alongside being a high-voltage power supply cable that enables users to charge devices such as smartphones and tablets faster.

In addition, rapid proliferation of consumer electronics, penetration of the work from home & remote learning trends coupled with significant improvements in the production of USB Type-C cables are expected to bolster the revenue margins of the marketplace in the coming years.

However, factors such as presence of substitutes of micro-USB cables and other incompatibility issues are likely to hinder the growth trajectory of the industry during the review timeline.

Moving on, Europe USB type-C marketplace is bifurcated in terms of protocol (HDMI, thunderbolt, display-port, MHL, USB Audio over USB Type-C), application (digital cameras, smartphones & tablets, printers & scanners, personal computers & laptops, chargers & adapters, TVs) and end-users (telecommunications, automotive, consumer electronics, media & entertainment, others). Each sub-market is thoroughly analyzed with respect to the parameters of market size, growth rate, and future estimations for stakeholders to make informed decisions and reap maximum profits.

From a regional frame of reference, Eastern Europe and Western Europe are the key regions that are analyzed on the basis of the revenue share accounted by them during the forecast timeline.

The competitive framework of Europe USB type-C industry is defined by major players like STMicroelectronics N.V., Hirose Electric Group, Infineon Technologies AG, NXP Semiconductor Corporation, Microchip Technology Inc., Richtek Technology Corporation, Silicon Laboratories Inc., Diodes Inc., Texas Instruments Inc., and Belkin International Inc.

These corporations are constantly directing their efforts toward maintaining a strong consumer base and inadvertently holding their dominance within the marketplace with the aid of strategic advances such as mergers, acquisitions, and partnership deals.

For instance, Fresco Logic Inc., was successfully acquired by Parade Technologies Inc. in April 2020, in a bid to expand its product portfolio for the coming years.

Questions and Answers: -

Question 1. What are the major factors fueling Europe USB type-C market growth?

Answer 1. Notable rise in consumer demand for USB Type C devices and advancements in the field of communication technology, coupled with rapid proliferation in the number of consumer electronics, and penetration of the work from home & remote learning trends are the major factors fueling Europe USB type-C market growth.

Question 2. Which regional domains are contributing their share to accelerate Europe USB type-C market revenue?

Answer 2. Eastern Europe and Western Europe are the two regional domains that are contributing their share to accelerate Europe USB type-C market revenue.

Question 3. Which are the prominent players influencing Europe USB type-C market trends?

Answer 3. STMicroelectronics N.V., Anixter International Inc., Infineon Technologies AG, NXP Semiconductor Corporation, Microchip Technology Inc., Richtek Technology Corporation, Silicon Laboratories Inc., Diodes Inc., Texas Instruments Inc., and Belkin International Inc are the prominent players influencing Europe USB type-C market trends.

For more details on this report: https://www.marketstudyreport.com/reports/europe-usb-type-c-market-investment-growth-opportunity-analysis-2019-2028/

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