Consumer expectations from gadgets and the technologies that run them are rising by the day. This has resulted in market players scurrying to launch products and solutions that outdo those currently on the market. Cable connectors and adapters, ubiquitous but indispensable components of virtually every electronic product today, feature prominently in this battleground too. It is expected that cable connectors and adapters will generate revenue to the tune of USD$85.75 bn by 2022, according to Transparency Market Research. The global market for cable connectors and adapters will have a high single-digit CAGR of 9.1% from 2015 to 2022.
The evolution of the cable connectors and adapters market has been rapid, as it has kept pace with critical advancements in the electronics sector. This evolution has been driven largely by escalating demand for higher bandwidth and the need to create connectors that honor this need for greater speed and connectivity. Thus, in an age of high-speed video downloads and the need to transfer large volumes of data from one device to another, the performance of cable connectors and adapters remains critical.
Shift to USB 3.0 Becomes Imminent with Improvements in System Design
USB 2.0 has been the standard for a long time, but with the USB 3.0 SuperSpeed standard entering the scene with several speed and performance advantages over USB 2.0, things are about to change. USB 3.0 is able to meet the need for high-volume data transfer and ensuring high speeds while doing so. What also works in favor of USB 3.0 is that it offers an unmatched level of backward compatibility, so snags associated with the performance of USBs alongside legacy equipment are easily addressed.
Browse Research Report: http://www.transparencymarketresearch.com/cable-connectors-adapters-market.html
As devices with compact form factors become the order of the day, USB devices that keep pace with miniaturization trend will have to be made available to consumers. This trend seem to be taking concrete shape as more and more electronic devices are now incorporating USB 3.0. These products include laptops, smartphones, and a range of new smart devices on the market currently. It is only a matter of time before the uptake of USB 3.0 in the cable connectors and adapters market becomes even stronger.
From the standpoint of the larger cable connectors and adapters market, USBs compete for a higher market share with other products such as HDMI, VGA, DVI, Cat5/Cat6, and others. However, USBs account for the strongest position in the cable connectors and adapters market today because of their widespread used across a variety of devices.
Asia Pacific Dominates Global Cable Connectors and Adapters Market
The demand for various types of cable connectors and adapters is high. But that’s not the only reason that puts Asia Pacific at the forefront of the global market for adapters and cable connectors. The region also boasts the presence of several electronics contract manufacturers.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/cable-connectors-adapters-market.htm
Investments in manufacturing facilities continue to increase, as countries such as Vietnam, Indonesia, and Bangladesh still allow manufacturers to enjoy the benefits of low-cost manufacturing. In 2014, Asia Pacific accounted for 35.30% of the global market, and will report the fastest growth globally.