USB Controllers Market Size and Trends

The Global USB Controllers Market is estimated to be valued at US$ 9.24 Bn in 2024 and is expected to reach US$ 17.85 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

USB Controllers Market Key Factors

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Widespread adoption of smart computing devices and the rising demand for the integration of USB Type C ports in smartphones and tablets are driving the growth of the USB controllers market. Additionally, the increasing demand for high-speed connectivity solutions across various industry verticals including consumer electronics, IT and telecommunication, transportation, and industrial is further propelling the demand for USB controllers. Also, the emerging trends of connected devices and Bring Your Own Device (BYOD) is fuelling the need for advanced USB solutions. The development of advanced USB3.2 and USB4 standards promising faster data transfer capabilities is anticipated to offer lucrative opportunities for vendors operating in the USB controllers market in the coming years.

Rising adoption of USB devices

With technology advancing at an ever increasing pace, newer and more advanced devices are being developed which require faster and more robust connectivity solutions. USB has emerged as one of the most popular and universal ports for connecting a wide variety of peripheral devices such as smartphones, tablets, laptops, gaming consoles, cameras, and more to each other and to computers. Its versatility and compatibility with a massive ecosystem of devices has made USB the interface of choice for various applications.

The proliferation of USB powered devices across industries has largely been driven by the increasing digitization of work processes and personal lives. More organizations are relying on digital tools and technologies to improve productivity, make work processes seamless and data-driven. This has boosted the demand for high-speed external storage devices, projectors, printers, and other USB connected devices in office environments.

When it comes to consumers, advanced USB devices like virtual and augmented reality headsets, wireless portable speakers, drones, and smart home appliances offer innovative interactive and personalized experiences. As their capabilities continue to rise and prices drop, their market is expanding exponentially. The rapid rise of mobile computing has also expanded the role of USB with smartphones and tablets fully embracing the connectivity standard to enable file transfers, expand storage capacities and connect to a range of peripherals using USB-C ports. All these dynamics are creating a massive need for high performance USB controllers that can support growing USB device loads seamlessly and at optimum speeds.

USB Controllers Market Concentration By Players

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Growing demand for fast charging technology

With each new generation, battery capacities of portable electronic devices have increased while their sizes have decreased, pushing for faster ways to charge these devices. Rapid charging has emerged as a necessity rather than luxury to boost depleted batteries in the shortest time possible. This is driving strong interest in USB controllers that support quick and fast charging protocols.

The current Li-ion battery technology unfortunately permits only a limited number of charge cycles before capacity starts degrading. Consequently, the ability to quickly replenish power has become the need of the hour. On the go professionals, students, and customers alike want their phones, tablets, and laptops to be ready with ample juice within a short charging window whenever required. Moreover, the rise of resource-intensive applications and higher resolution displays have significantly increased power consumption rates of mobile devices.