The USB device market was valued at US$ 35,339.3 million in 2021 and is projected to reach US$ 65,857.2 million by 2028; it is estimated to register a CAGR of 9.3% from 2021 to 2028.

The growing inclination toward modern vehicle entertainment and infotainment systems is compelling auto manufacturers to provide a reliable connection between the car's display and users' smartphones or tablets. Thus, the USB device vendors catering to the automotive segment are designing USB products compatible with different automotive systems. Microchip Technology Inc. offers five USB 2.0 smart hub ICs available in various architectures; they are easy to use and provide flexibility to fit into car manufacturers' design requirements. Moreover, in February 2019, Microchip Technology Inc. rolled out a USB 3.1 Gen1 SmartHub IC that provides faster data rates and mitigates indexing times to enhance car user experience. At present, consumers expect vehicle entertainment and infotainment systems to respond instantly. Thus, companies are focusing on offering robust USBs to ensure maximum functionality in the automotive media hub. Thus, the escalating demand for USB devices in entertainment and infotainment systems is driving the overall market growth.

The COVID-19 hampered the adoption of USB devices worldwide in 2020 as sales of industries such as electronics and automotive were hampered due to the impact on supply lines. Meanwhile, the adoption of USB devices across IT & telecom and healthcare was reported as higher due to the high emphasis on remote working and learning practices following the rise in the number of patients across hospitals due to COVID-19. However, from Q1 of 2021, the supply lines of the automotive and electronics industry started to stabilize, and revenue of these industries showcased positive momentum, which subsequently propelled the USB devices market in the world.

The USB device market is segmented into device standard type, product, connector type, application, and geography. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2021, the USB 3.0 segment is likely to hold the largest market share. Based on the product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, and others. In 2021, the computer peripherals segment is likely to hold the largest market share. Based on connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2021, the type B segment is likely to hold the largest market share. Based on application, the market is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2021, the IT & telecom segment is likely to hold the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the global market.

The key players operating in the global USB device market and profiled in the market study include ADATA Technology Co., Ltd.; Corsair; Hewlett-Packard Development Company; Imation Corporation; Kingston Technology Corporation; Samsung Corporation; SanDisk Corporation; Toshiba Corporation; Transcend Information, Inc.; Diodes Incorporated; MaxLinear; SK Hynix Inc.; VIA Labs, Inc.; KIOXIA Corporation; Dialog Semiconductor; ROHM CO., LTD; Silicon Laboratories, Inc.; ON Semiconductor Corporation; NXP Semiconductors, Cypress Semiconductor Corporation; Texas Instruments Incorporated; Renesas Electronics Corporation; Microchip Technologies, Inc; and Maxim Integrated.

The overall global USB device market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the USB device market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the USB device market.