Wired Interface Market Overview
The global wired interface market is expected to register notable growth during the forecast period on account of the increasing use of smartphones and laptops, which require wired interface; rising concerns over data security, growing demand for data transferability, and existing dependency on wired networks in the commercial and government sectors. Additionally, the increasing adoption of new consumer electronics, such as augmented reality and virtual reality (AR and VR) headsets and cameras, is expected to propel the market growth.
On the basis of cable, the wired interface market is categorized into universal serial bus (USB), high-definition multimedia interface (HDMI), video graphics array (VGA), display port, and others, wherein others include thunderbolt and digital visual interface (DVI). Of these, USB held the largest share in the market in 2018, which can be mainly attributed to the introduction of high-capability USB cables in the market and their wide adoption for better connectivity between electronic devices. Besides, USBs have low power consumption, which contributes to their high market demand.
Among USB types, type C is expected to register the fastest growth in the wired interface market during the forecast period. This can be ascribed to the increasing demand for faster charging solutions, rising use of type C USBs in automobiles, drone systems, and consumer electronics, and the various benefits offered by these USBs, such as high-speed data transfer and audio and video interface through alternate mode (Alt Mode).
Based on device, the wired interface market is classified into laptops and desktops, televisions (TVs), smartphones and tablets, projectors, and others, wherein others include home theatre systems, cameras, wearables, and external hard disks. Among these, desktops and laptops held the largest share in the market in 2018. In terms of market growth, the smartphones and tablets category is projected to witness the highest CAGR during the forecast period. This can be primarily attributed to increasing smartphone penetration and rising need for high-speed data transfer through wired interface solutions rather than Bluetooth and Wi-Fi.
During the forecast period, North America is expected to hold the largest share in the global wired interface market, on account of the growing number of innovations to enhance wired interface technology and increasing infrastructural development in the region. Moreover, the market is expected to witness the fastest growth in the Asia-Pacific (APAC) region, owing to the presence of a large number of electronics manufacturing companies in the region and increasing need for data transferability.
Wired Interface Market Dynamics
Increasing use of smartphones and the requirement for high-speed data transfer solutions are the major factors driving the market growth. Globally, the active smartphone user base reached 3.3 billion in 2018 and is expected to reach 3.9 billion by 2021. North America recorded the highest smartphone penetration, of 77%, followed by Europe and APAC in 2018. Moreover, the increasing need for high-speed data transfer through electronic devices, such as smartphones, laptops, cameras, and TVs, is resulting in the high demand for interface cables, thus propelling the wired interface market growth.
Moreover, the existing dependency of the commercial as well as the government sector on wired interface is a major factor supporting the market growth. This is primarily because of the requirement for high bandwidth and strong network connection, along with the need for a reliable and secure way of data transfer, in these sectors. Moreover, certain risks are associated with the adoption of wireless interface technology, such as data breach and cyberattack. Hence, large commercial offices and public sector companies often hesitate to adopt wireless interface solutions, which, in turn, results in the demand for wired solutions, further contributing to the growth of the wired interface market.
Increasing adoption of wireless interface solutions among consumers is a major factor that is likely to hamper the growth of the wired interface market during the forecast period. With increasing penetration of the internet and introduction of 5G technology, consumers are increasingly preferring wireless solutions over wired interface solutions. Moreover, wireless solutions are easy to use, more flexible, and less expensive. Further, with the advent of the internet of things (IoT), artificial intelligence (AI), and machine learning, consumers are preferring wireless interface to enjoy control over entire operations and connect smartly with the devices.
Wired Interface Market Competitive Landscape
The wired interface market is fragmented in nature, owing to the presence of a large number of players. Thus, the focus of these players centers around business strategies such as product launches, partnerships, and acquisitions for increased market share.
For instance, in February 2019, Microchip Technology Inc. launched automotive USB 3.1 Gen 1 SmartHub IC with a USB type C connector that provides ten times faster data transfer speed, as compared to USB 2.0 solution, for improved user experience.
Some of the major players in the wired interface market are Analog Devices Inc., NXP Semiconductors N.V., STMicroelectronics N.V., Texas Instruments Incorporated, Microchip Technology Incorporated, Cypress Semiconductor Corporation, Silicon Laboratories Inc., ROHM Co. Ltd., Yamaichi Electronics Co. Ltd., and Amphenol Corporation.
The report covers country-wise wired interface market analysis. Some of the major countries covered in the report are the U.S., Canada, France, Germany, the U.K., Spain, Italy, China, Japan, India, South Korea, Australia, Brazil, South Africa, Mexico, Turkey, Saudi Arabia, and the U.A.E.