April 8, 2021 at 3:51 pm

USB Devices Market by 2027 Opportunity, Challenges & Entry Strategy

By Prashant Tambe

USB Devices

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

In terms of revenue, the global USB Devices market was valued at US$ 30869.1 million in 2019 and it is projected to reach US$ 59266.8 million by 2027; it is expected to grow at a CAGR of 8.7% during the forecast period from 2020 to 2027.

According to Electronic Components Industry Association, the emergence of COVID-19 has caused delay in product releases, disruption in supply chain events, and other industry activities. Several manufacturers have temporarily halted the manufacturing units owing to lesser demand for the products as a result of lockdown measures and limited manufacturing resources. Additionally, the manufacturers of various electronic and semiconductor products, including USB devices and USB compatible devices, have been experiencing substantial delay in lead times, which has weakened the supply chain. Similar to USB devices manufacturers, the USB compatible device manufacturers also observed delay in procuring USB devices. This resulted in lesser production and delay in shipment of the final products. This has had a negative impact on the USB Devices market. Several USB Devices manufacturers across the globe are dependent on RFID components manufactured in China, owing to cost effectiveness of the products. During the first quarter of 2020, numerous Chinese manufacturers had temporarily shut their manufacturing facilities, thereby showcasing decline in supply as well as demand for electronics & semiconductor products worldwide. This also had a harsh impact on the USB Devices market.

The key players profiled in the USB Devices Market research study includes:

  1. Samsung
  2. Hewlett Packard Enterprise Development LP (HPE)
  3. Toshiba Corporation
  4. ADATA Technology Co., Ltd
  5. CORSAIR
  6. Imation Corporation
  7. Kingston Technology Company, Inc.
  8. Micron Technology, Inc.
  9. SanDisk Corporation
  10. SanDisk Corporation

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Since, the key findings in the USB Devices Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The USB Devices Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.

The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:

Coverage:

The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

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The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:

  • Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
  • Industry Trade Journals and Other Literature
  • National Government Documents, Statistical Databases and Market Reports
  • News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market

NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

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“The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:

  • Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
  • Validates and Strengthens Secondary Research Findings
  • Further Develops the Analysis Team’s Expertise and Market Understanding

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Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
  • Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

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Prashant Tambe

An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.

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