The MEA USB device market is expected to grow from US$ 3,181.67 million in 2019 to US$ 6,537.12 million by 2027; it is estimated to grow at a CAGR of 9.7 % from 2020 to 2027. Surging demand for consumer electronics across MEA escalates the market growth. The increasing use of consumer electronics such as smartphones and laptops in developed and developing countries across MEA is mainly attributed to rising disposable income, increasing population, and growing Internet penetration. The ongoing significant technological developments have led to rise in the penetration of these devices across several economies. USB devices have become a dominant interface to address growing requirements for swift data transfer between end devices, such as laptops, smartphones, PCs, and digital cameras. Thus, with the escalating demand for consumer electronics and data transmission products, the MEA USB devices market players highly focus on launching new products to achieve sustainable growth and distinguish themselves from their competitors. For instance, D-link announced its WI-FI 6 USB wireless network card. The product adds WI-FI 6 connectivity to the user’s laptop or desktop. These types of developments are expected to drive the MEA USB device market in coming years.
In case of COVID-19 outbreak, among the MEA countries, Turkey has recorded the highest number of confirmed cases and deaths.Other major countries that are facing the economic impact of the pandemic include Iran, South Africa, Israel, Iraq, Morocco, Saudi Arabia, the UAE, and Qatar.
The region comprises many growing economies, such as the UAE and Saudi Arabia, that are prospective markets for USB device providers due to the huge presence of diverse customer base for electronics and semiconductor industries.The pandemic across the world would have significant effects on global economies.
On the other side, the economies of various oil-based countries in the MEA are witnessing downturn due to falling oil prices.In addition, the factory lockdowns, business shutdowns, and travel bans are aggravating the economic problems of the countries in the region.
Hence, the decline in the region’s economic condition and the impact of COVID-19 on the growth of various industries in the region are expected to negatively impact the growth of the MEA USB device market till Mid-2021.
Based on connector type, the MEA USB device market for the Type C segment is expected to grow raster during the forecast period.The Type C connector is one of the newest connectors in the present market and it can be connected to any USB-C device using either end.
This connector is usually paired with Type A, Type B, as well as other USB connectors while supporting former versions of the USB specification.The Type C connector supports devices with thinner, smaller, and lighter form factor.
Almost all the new laptops have replaced Type A and Type B connectors with Type C connector type as the only port for data transfer and charging.Due to this, other protocols, such as Thunderbolt, HDMI, DisplayPort, and MHL, have also adopted Type C as the standard source connector.
The advantages of Type C connector such as fast data transfer, more data security, well built, and high reliability are expected to propel the demand for USB device based on Type C connector during the forecast period.
The overall MEA 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 for the MEA USB device market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of 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 MEA USB device market. ADATA Technology Co., Ltd.; CORSAIR; Hewlett Packard Enterprise Development LP (HPE); Imation Corporation; Kingston Technology Company, Inc.; Micron Technology, Inc.; Samsung; SanDisk Corporation; Toshiba Corporation; and Transcend Information Inc. are among the players operating in the market.
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25 pages •
By The Business Research Company
• Jul 2016
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