USB Retimer Market Projected to Reach $1.4 Billion, Globally, By 2031 at 17.9% CAGR: Allied Market Research
Increase in demand for ethernet and bandwidth and rise in the number of data centers drive the growth of the global USB retimer market.
PORTLAND, Ore., Nov. 25, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "USB Retimer Market By Type (USB 3.0, USB 3.1, USB 3.2, USB 4, and Others), Application (Servers, Storage Applications, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global USB retimer industry was estimated at $ $270.96 million in 2021, and is anticipated to hit $1.4 billion by 2031, registering a CAGR of 17.9% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chains, competitive scenarios, and regional landscapes.
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Determinants of growth
Increase in demand for ethernet and bandwidth and rise in the number of data centers drive the growth of the global USB retimer market. On the other hand, higher data rates impede the growth to some extent. However, the market players are using acquisition strategies to build their business portfolios and strengthen their market position, which in turn has paved the way for lucrative opportunities in the industry.
Report Coverage and Details:
The USB 3.2 segment to cite the highest market share
By type, the USB 3.2 segment held more than two-fifths of the global USB retimer market revenue, accounting for the major share in 2021. This is because the newest, fastest version of USB 3.2 offers a max speed of 20Gbps and is called USB 3.2 Gen 2x2. The USB 4 segment, on the other hand, would cite the fastest CAGR of 19.13% during the forecast period. Since all the USB 4 devices contain USB Power Delivery technology (USB PD), the power supply of USB 4.0 can reach 100W. Its interface is the new standard for USB C (USB Type-C) that is under development.
The Servers segment to dominate by 2031
By application, the servers segment accounted for the major share in 2021, holding more than half of the global USB retimer market revenue. This is attributed to the fact that USB retimers happen to play a significant role in maintaining signal integrity in many data center system applications. The storage applications segment, simultaneously, would manifest the fastest CAGR of 19.35% from 2022 to 2031. This is because retimers reset the signal jitter budget and regenerates a flesh clean signal for retransmission, there is no insertion loss and designers can realize the full performance benefits of their storage applications at a reasonable system cost.
North America grabbed the lion's share
By region, North America held the lion's share, contributing to nearly one-third of the global global USB retimer market revenue. Growing automotive & healthcare applications are the major factors bolstering the adoption and sales of USB retimers across the region. The Asia-Pacific region, nevertheless, would garner the fastest CAGR of 19.56% throughout the forecast period. This is owing to the steady economic growth, escalating consumption of computing devices, proliferation of smartphones and tablets, and adoption of USB devices for storing, transferring, and sharing content in the region, particularly China and India.
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Key Players in the Industry:
The report analyzes these key players in the global USB retimer market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.
Key Benefits For Stakeholders:
USB Retimer Market Key Segments:
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