Global USB Hub Market, By Type (USB 2.0, USB 3.0 and USB 3.1), By End-User (Residential and Commercial), By Region (North America, Europe, Asia-Pacific, Rest of the World) Trend Analysis, Competitive Market Share & Forecast, 2015-2027

  • Published Date: October 2021
  • Report ID: BWC21118
  • Available Format: PDF
  • Page: 285

Report Overview

The growth of the IT industry and booming e-sports industry across the globe are the key drivers for the growth of the global USB Hub market. The best way to access multiple connected devices simultaneously is using a USB hub

Global USB Hub Market- Industry Trends & Forecast Report 2027

Global USB hub market was worth USD 596.7 Million in 2020 and is projected to grow at a CAGR of 7.6% during the forecast period (2021-2027) to reach the valuation of USD 977.0 Million by 2027. The growth of the IT industry is one of the major drivers for the growth of the global USB hub market. A USB hub allows for the simultaneous connection of several devices. Depending upon the type of USB, USB hubs can provide a data transfer speed of up to 10 Gbps (Gigabytes per Second). Companies like MOXA and Lindy provide industrial-grade USB hubs used extensively in the IT industry for high-speed data transfer and for operating multiple devices simultaneously. The growth of the IT industry has therefore led to an increase in demand for global USB hubs.

Global USB Hub market

Source: BlueWeave Consulting

Global USB Hub Market Overview

In simple terms, USB hubs can be called "extensions for USB ports." A USB hub consists of multiple USB ports, and the number can go as high as 27. A USB hub can have only a single type of USB port or a combination of multiple types of USB ports like USB 2.0, USB 3.0, and USB 3.1. Nowadays, companies have started rolling out USB hubs with Thunderbolt ports along with USB ports. USB hubs are a great option when there is a shortage of ports in a laptop or PC, and multiple devices need to be operated. Not only can USB hubs facilitate data transfer to multiple devices simultaneously, but they can also charge multiple devices simultaneously. USB Hubs come in two types, powered USB hubs and unpowered USB hubs. A powered USB hub supplies its own power to devices and is an excellent choice if you operate large external hard drives, printers, or scanners that require high voltage for operation.

Global USB Hub Market Trend

Growth Drivers

Increasing Adoption of Consumer Electronics

Devices like computers, laptops, smartphones, TVs, tablets, gaming consoles, headsets, wearable, digital cameras, keyboards, webcams, printers, and VR & AR devices are all part of the range of products that come under the consumer electronics portfolio. With consumer electronics becoming more prevalent around the world, USB hubs are also becoming more popular since they are used for charging or transferring data between devices. According to the Retailers Association of India (RAI), sales of consumer electronics and appliances went up by 23.5% in the third quarter of FY20 as compared to the year before. Moreover, according to India Brand Equity Foundation (IBEF), electronics hardware production in India reached USD 89.38 billion in FY20 from USD 72.38 billion in FY19. Furthermore, other consumer electronics devices like printers, scanners, and keyboards registered increased demand in 2020. According to Bangkok Post, printer sales reported a 50% YoY increase in the first seven months of 2021 due to work from home and online classes. Hence, with the growing demand for consumer electronics, global USB hubs are also growing.

Restraint

Emergence of Thunderbolt

Thunderbolt is the name of the hardware interface developed by Intel, in collaboration with Apple, and is a direct competitor of USB. In Thunderbolt 1, the data transfer speed is up to 10 Gbps, the same as SuperSpeed Plus USB 3.1, but in Thunderbolt 4, the speed is up to 40 Gbps, four times faster than USB 3.1 and 8 times faster than USB 3.0. Moreover, Thunderbolt supports USB type-C and has capabilities of USB 3.1, DisplayPort 1.2, PCI Express Gen 3, and the Thunderbolt specs. Thunderbolt not only has lightning-fast data transfer and charging speed but also can connect to peripheral and establish peer-to-peer networking. The growing popularity and application of Thunderbolt are anticipated to be a restraint for the growth of the global USB hubs market during the forecast period.

Impact Of COVID-19

Globally, COVID-19 affected all industries and supply chains, with some sectors growing and others experiencing a slowdown. In Europe, the COVID-19 wave swept across countries, and announcements of lockdowns from governments set off a domino effect. As a result, borders were sealed, nationwide lockdowns were announced, trades were halted, and industries were shut down or forced to run with reduced capacity. By the end of 2020, some industries had reopened, but the markets remained suspicious. Furthermore, most markets were still trying to cope with the effects of the COVID-19. Vaccination drives had given hope that the market would recover, but the COVID-19 second wave and the threat of a third wave have slowed the pace of recovery.

North American and European companies report a shortage of skilled workers and expect labor costs to rise. Ajit Manocha, President and CEO of SEMI (Semiconductor Equipment & Material International), believes that the semiconductor industry faces a significant talent gap. According to the latest survey by IPC International, around 33% of Asian, 67% of North American, and 63% of European chip makers are having a hard time finding skilled workers. Moreover, due to the trade war between the U.S. and China, two of the world's largest semiconductor producers, the supply chain has also been disrupted.

Global USB Hub Market: By Type

Based on types, the global USB hubs market has been categorized into USB 2.0, USB 3.0, and USB 3.1. Among these, the USB 3.0 segment held the largest market share in the global USB Hubs market in 2020. However, the USB 3.1 segment is expected to register the highest CAGR during the forecast period. USB 3.0 can send data in both directions simultaneously and has a data transfer speed of up to 4.8 gigabits per second, at least ten times more than USB 2.0. USB 3.0 has four additional wires than USB 2.0. Furthermore, USB 3.0 cable supplies up to 900 milliamps of power. It is generally used to transfer high-definition video footage or back up an entire hard drive to an external drive. As the hard drive capacity and quantity of data increase, the need for fast USBs also grows.

Global USB Hub Market: By End-User

Based on end-users, the global USB hubs market is categorized into residential and commercial segments. The commercial end user segment held the largest market share in the global USB Hubs market in 2020. However, the residential end-user segment is expected to register the highest CAGR during the forecast period. Commercial applications of USB hubs are growing day by day. The growth of the IT industry, increasing automation and application of IT in other industries like chemical, oil & gas, manufacturing, along with the rising demand for data processing, and the emergence of technologies like the IoT and Big Data has led to increased demand for USB hubs from the commercial segment.

The residential segment, on the other hand, has witnessed growing demand in recent years, with companies opting for work from home (WFH) due to the COVID-19. The increasing craze of professional gaming is also fueling the growth of the residential segment in the global USB hubs market.

Global USB Hub Market: By Region

Based on regions, the global USB Hubs market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America held the largest market share in the global USB Hubs market in 2020. However, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period. Globally, the USB hub market has been fueled by the growth of the IT industry, increasing automation in industries, and the adoption of IoT. In North America, USB hubs are on the rise as Silicon Valley is home to some of the most prominent IT companies in the world. On the other hand, the Asia-Pacific leads the way in USB hubs market growth due to leading manufacturing, the booming gaming industry, and the rising IT industry in countries such as India, Japan, and South-East Asia. Additionally, the market for USB hubs is growing rapidly in Europe due to the growing adoption of IoT and Big Data in the region.

Competitive Landscape

Due to mergers and acquisitions of major players in the market, the global USB Hubs market has witnessed increasing competition over the past few years, leading to fewer opportunities for new entrants. The global USB Hubs market is fragmented, with many organized players developing and selling USB Hub products worldwide. The leading players in the global USB hub market are Vaunix Technology Corp., Texas Instruments, Anker Innovations, Sabrent, Foxconn Interconnect Technology Limited, Toshiba Corporation, Panasonic Corporation, Honeywell International, StarTech, Amazon, Dell, HP, Sony Corporation, Aukey, and other prominent players. Several key players are now heavily investing in the R&D of new products with high data transfer speeds. Moreover, to counter the emergence of Thunderbolt 4, some companies are also exploring the possibility of integrating USB 4.0 into their USB hubs.

Recent Developments

  • In Sept 2021, with Texas Instruments' Gallium Nitride (GaN) technology and Delta Electronics' expertise in energy-efficient power electronics, an enterprise server power supply unit (PSU) with an 80% increase in power density and a 1% increase in efficiency has been developed.

 

  • In June 2021, The IMX585, a 1/1.2-type 4K-resolution CMOS image sensor for security cameras that produce about 8 times the dynamic range of a standard model in a single exposure, will be available soon, according to Sony Semiconductor Solutions Corporation.

Scope of the Report

Attribute

Details

 

Years Considered

Historical data – 2015-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Product/Service Segmentation

By Type, By End User, and By Region

Key Players

The leading players are Vaunix Technology Corp., Texas Instruments, Anker Innovations, Sabrent, Foxconn Interconnect Technology Limited, Toshiba Corporation, Panasonic Corporation, Honeywell International, StarTech, Amazon, Dell, HP, Sony Corporation, Aukey, and other prominent players.

 

By Type

  • USB 2.0
  • USB 3.0
  • USB 3.1

By Application

  • Residential
  • Commercial

Frequently Asked Questions:

Ans: Global USB Hub market reached USD 596.7 Million in 2020.
Ans: The global USB Hub market is driven by the booming gaming & eSports Industry.
Ans: The key players amidst the global USB hub market are Vaunix Technology Corp., Texas Instruments, Anker Innovations, Sabrent, Foxconn Interconnect Technology Limited, Toshiba Corporation, Panasonic Corporation, Honeywell International, StarTech, Amazon, Dell, HP, Sony Corporation, Aukey, and other prominent players.
Ans: Based on the type, the USB 3.0 segment dominated the global USB Hub market.