THUNDERBOLT DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global Thunderbolt Devices Market is estimated to be valued at USD 943.2 Mn in 2024 and is expected to reach USD 2993.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2031.
The global Thunderbolt Devices market has been growing rapidly over the past few years owing to the rising demand for high-speed data transfer peripherals among consumers and enterprises. Thunderbolt technology offers significant advantages over other interconnect options such as USB or HDMI by providing greater bandwidth to support high resolution displays and external graphics processing units. The emergence of rich-media content such as 4K/8K videos and graphics-intensive applications is driving the need for high-speed peripherals that can handle data-intensive tasks better. As more laptop and desktop manufacturers incorporate Thunderbolt ports in their devices, the attach rates of Thunderbolt devices such as SSDs, docks, graphics cards are expected to increase significantly in the coming years.
Market Dynamics:
The global Thunderbolt Devices market is witnessing healthy growth driven by the increasing uptake of high-resolution displays, evolving workflow patterns among enterprises, and continuous technological innovations. However, higher costs of Thunderbolt devices compared to other interfaces remain a key restraint for widespread adoption. At the same time, growing integration of Thunderbolt ports in consumer electronics and rise of bandwidth-intensive applications present significant opportunities in the market. Geographically, North America accounts for the largest share currently owing to robust IT infrastructure and rapid technological advancements in the region. However, Asia Pacific is expected to showcase lucrative growth prospects over the forecast period with growing adoption across enterprises and consumers in the region.
Key features of the study:
- This report provides in-depth analysis of the global Thunderbolt Devices market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Thunderbolt Devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Apple, Sumitomo Electric Industries, LINTES, Belkin, Startech, Delock, IOGEAR, Sonnet, Corning, HighPoint, J5create, Kanex, Xcellon, One Stop Systems, Dell, and HP
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global Thunderbolt Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Thunderbolt Devices market.
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Thunderbolt Devices Market' - Global forecast to 2031
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