Europe USB Type-C market is projected to grow at a robust rate of more than 20% during the forecast period. USB Type-C connections enable faster and safer data transfer via a USB Type-C port and hence are increasingly gaining popularity. Moreover, the surge in flexible and mobile working coupled with the rising work-from-home trend increases the demand for accessible technology in residential and business areas. USB Type-C has rapidly become a mainstream option in the majority of mobile devices such as phones and laptops. In addition, some models of Macbooks have been designed to have a USB Type-C port, thus giving a boost to the growth of the market. Moreover, the deployment of new power supply technologies and USB Type-C connector technologies are opening multiple lucrative opportunities in the industry.
EU mandates USB Type C chargers for mobile devices
The regional growth is attributed to the supportive government initiative for the use of USB Type-C charger in the region. European Union officials have reached an agreement on the new rules requiring a uniform charging cord for smartphones and other devices. In June 2022, Parliament and Council negotiators agreed that by autumn 2024, USB Type-C will become the common charging port for all mobile phones, tablets and cameras in the EU. This will give a boost to the growth of the USB Type-C market in Europe. This new legislation will compel all future smartphones sold in Europe to come with the USB Type-C port. This will also lead Apple that still use a proprietary port (lightning) instead of USB-C to provide a USB Type-C port in its smartphones which will drive the growth of the market in the near future. The government has come to this agreement in order to address product sustainability in the EU electronics industry as well as to reduce electronic waste.
Owing to the wide compatibility, thunderbolt segment contributes a prominent share to the market growth
Based on protocols, the thunderbolt segment is estimated to hold a significant share in the European USB Type C market. The segmental growth of the market is attributed to its wide compatibility with various consumer electronic devices. Thunderbolt brings speeds up to 40 Gbps to Type C along with creating one compact port that simultaneously supports high video quality and data bandwidth on a single cable. Moreover, the DisplayPort segment is projected to exhibit a remarkable growth due to its low-cost factor. DisplayPort is a digital display primarily used for connecting a video source to a display device using active or passive adapters.
Germany is expected to hold the significant share in the market
Based on region, the market is categorized into Western Europe (such as Germany, UK, France, Italy, Spain, etc.), Eastern Europe (such as Russia, Poland, Ukraine, etc.). Germany holds a prominent market share in the EU market. According to the Society for the Promotion of Consumer Electronics in Germany, consumer electronics sales in 2021 were around US$ 31.5 billion, increased by 2.5% as compared to 2020. The increasing sales of consumer electronics coupled with the government’s supportive regulations to mandatory use USB Type-C in smartphones and other devices such as laptops, e-readers, earbuds, keyboards, computer mice, as well as tablets, digital cameras, headphones and headsets, and handheld videogame consoles, and portable speakers is driving the country’s market growth.
The UK is expected to grow substantially over the forecast period owing to significant consumer electronics sales in the region. In June 2022, the EU confirmed that most consumer electronics would be using USB Type C port, however, the UK will not follow the EU’s lead and demand smartphone manufacturers such as Apple to include a common charging cable in their products. The UK government has said that it is not considering the suit for now. The presence of well-established consumer electronics industry in Europe is one of the major factors for the increasing demand for USB Type-C.
Market Structure and Competitive Landscape
The European USB Type-C market growth is characterized by the presence of various players operating in the market. Some of the prominent players that contribute significantly to the market include Apple Inc., Texas Instruments, Diodes Incorporated, Silicon Laboratories, Richtek Technology Corporation, Belkin International, Inc, Microchip Technology Inc, NXP Semiconductor Corporation, Infineon Technologies AG, Analogix Semiconductor Inc., and Hirose Electric Group among others. These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, government initiatives, and portfolio reduction are some of the strategies followed by industry players.
- In April 2020, Parade Technologies acquired Fresco Logic to expand high speed USB Type C connectivity portfolio.
Key Market Segmentation
RationalStat has segmented the Europe USB Type-C market on the basis of, application, protocol, end user, and region.
- By Application
- Smartphones & Tablets
- Personal Computers & Laptops
- Digital Cameras
- Printers & Scanners
- Others (Automobiles, Chargers & Adapters etc.)
- By Protocol
- USB Audio over USB Type-C
- By End User
- Consumer Electronics
- Media & Entertainment
- IT & Telecommunications
- Others (Automotive etc.)
- By Region
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Western Europe
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for USB Type-C manufacturers and suppliers, the consumer electronics industry, electronic device manufacturers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The Europe USB Type-C market is expected to grow at a CAGR of approximately 20% during the forecast period 2022-2028.
Germany holds a prominent share of the Europe USB Type-C market.
The Europe market for USB Type-C was US$ 4 Billion in 2021.
The mandatory use of Type-C chargers in mobile devices by the European Union is the major trend to boost the growth of the Europe USB Type-C market in the forthcoming years.
Major companies operating in the Europe USB Type-C market are Apple Inc., Texas Instruments, Diodes Incorporated, Silicon Laboratories, Richtek Technology Corporation, Belkin International, Inc, Microchip Technology Inc, NXP Semiconductor Corporation, Infineon Technologies AG, Analogix Semiconductor Inc., and Hirose Electric Group among others.