USB 2.0 Segment to dominate South America USB Device Market during 2020–2028

According to a new market research study on “South America USB Device Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Device Standard Type, Product, Connector Type, and Application” is expected to reach US$ 4,282.81 million by 2028 from US$ US$ 2,450.4 million in 2020. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the South America USB device market along with the drivers and restraints pertaining to the market growth. Rise in popularity of smart homes, strengthening adoption of USB type c in medical industry, and ramping demand for consumer electronics are the major factor driving the growth of the South America USB device market. However, increasing security concerns hinders the growth of South America USB device market.

In South America Brazil has the highest number of infection cases, followed by Ecuador, Peru, Chile, and Argentina, among others. The containment measures implemented affected all economic activities in the region. Despite of the COVID-19 pandemic, the region has recorded growth in adoption of digital devices and internet connections, owing to high pressure on end-user industries to support remote working and fast track their work into digitalization and deploy it on cloud platform. Thus, above-mentioned factors are is propelling the growth of the USB device market over the forecast period.

The South America USB device market is segmented on the basis of device standard type, product, connector type, application, and country. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2020, USB 2.0 segment held the largest share in the market, USB 3.0 is expected to be the fastest growing segment during the forecast period. Based on the product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, and others. In 2020, computer peripherals segment held the largest share in the market, flash drives is expected to be the fastest growing segment during the forecast period. On the basis of the connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2020, Type B segment held the largest share in the market, Type C is expected to be the fastest growing segment during the forecast period. The USB device market, by application, is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2020, IT and telecommunications segment held the largest share in the market, others is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest share in the market, and Rest of SAM is expected to be the fastest growing country during the forecast period.

Samsung Group; Toshiba Corporation; ADATA Technology Co., Ltd.; CORSAIR; Imation Corporation; Kingston Technology Company, Inc.; SanDisk Corporation; Transcend Information, Inc.; Diodes Incorporated; NXP Semiconductors; ON Semiconductor Corporation; Silicon Laboratories, Inc.; Texas Instruments Incorporated; Maxim Integrated; Microchip Technologies, Inc.; and ROHM CO., LTD. For instance, Kioxia Corporation, has announce the launch of “KIOXIA” branded consumer products, including microSD/SD memory cards, USB memory and SSDs.

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