Global USB 3.0 Flash Drives Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ 7.1 Bn.
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Global USB 3.0 Flash Drives Market Definition:
USB 3.0 is third significant version of USB standard for interfacing electronic devices and computers. Drives offers new transfer rate which is referred as super Speed USB (SS) and can transfer data at up to 10 times faster than the USB 2.0 standard.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global USB 3.0 Flash Drives Market Dynamics:
The MMR report analyzes various factors which have been driving and inhibiting the global USB 3.0 Flash Drives market in the past. Also, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for the market forecast. The report also showcases the opportunities available in the USB 3.0 Flash Drives Market which may act as future drivers for the market. Growing demand for robust and compact memory storage devices with maximum storage capacity and technological enhancements are the substantial driving factors of the market during 2020-2027. The emergent focus on bridging the connectivity gap in the industrial automation space drives demand for USB 3.0 in industrial applications. Such as, USB 3.0 pen drives witness robust demand because of their ability to allow traditional hard drives to operate without speed throughput bottlenecks.
A USB 3.2 host connected to a USB 3.2 storage device will be capable of realizing over 2 GB per sec data transfer performance over a present USB 3.0. With increased performance and seamless compatibility, the USB 3.2 specification brings even more speed and bandwidth aids to new USB 3.2 devices, while remaining compatible with USB 3.0 and previous devices which creates hurdles for the growth of USB 3.0.
Global USB 3.0 Flash Drives Market Segmentation:
The report covers the segments in the USB 3.0 Flash Drives Market such as manufacturing process, and capacity. By manufacturing process, chip-on-board segment held the largest market share of XX% in 2019 and is projected to grow at the highest CAGR of XX% to reach US$ XX Mn by 2027. Tablets and Cell phones are becoming smaller and more portable than ever before. By using COB techniques to mount the USB controller and flash memory, the large PCB area usually taken up by SMT-packaged controllers and the size of flash devices is dramatically reduced, thereby facilitating major miniaturization of the resulting USB device footprint.
Global USB 3.0 Flash Drives Market Regional Analysis:
Asia Pacific USB 3.0 Flash Drives Market was valued at US$ XX Mn in 2019 and is expected to reach a value of US$ XX Mn by 2027, with a CAGR of XX% during the forecast period thanks to growing demand for more storage devices and the presence of major market players in the region like Toshiba, ADATA Technology Co., Ltd. and others. India and China already hold huge consumer pools in the market for digital electronics allowing easier penetration for the players. For Instance, according to India Brand Equity Foundation (IBEF), the electronics market in India is expected to reach US$ XX1 Bn by 2020 which in turn is indicating the growth opportunity of USB 3.0 market over the forecast period.
Top Key Players specification:
Global USB 3.0 Flash Drives Market Competitive Landscape:
The competitive landscape section in the USB 3.0 Flash Drives Market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the major players having a stronghold in the USB 3.0 Flash Drives Market.
In 2019, Samsung Group has launched two new USB Type-C power delivery (PD) controllers for more efficient charging. The SE8A and MM101 meet the newest USB specification, USB-PD 3.0, for fast-charging. They will be able to authenticate whether a connected device is certified with USB-PD 3.0 and can charge consequently.
The objective of the report is to present a comprehensive analysis of the Global USB 3.0 Flash Drives Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global USB 3.0 Flash Drives Market dynamics, structure by analyzing the market segments and projects the Global USB 3.0 Flash Drives Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global USB 3.0 Flash Drives Market make the report investor’s guide.
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Global USB 3.0 Flash Drives Market, By Manufacturing Process
Global USB 3.0 Flash Drives Market, By Capacity
• Below 4 GB
• 4 GB to 16 GB
• 16 GB to 64 GB
• 128 GB
• 256 GB and Above
Global USB 3.0 Flash Drives Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating in Global USB 3.0 Flash Drives Market
• ADATA Technology Co., Ltd.
• HP Inc.
• Kingston Technology Corporation
• Lenovo Group Ltd.
• SanDisk Corporation
• Verbatim Corporation, Inc.
• Transcend Information, Inc.
• Corsair Components, Inc.
• Emtec Inc.
• Monster Digital
• Gigastone Corporation
• Micron Consumer Products Group, Inc. (Lexar)
• Samsung Group
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