Wired Interface Market Size

Wired Interface Market Analysis

The wired interface market is anticipated to reach a CAGR of 6.1 % during the forecast period 2021 - 2026. The popular wired interface such as USB Type Interface is one of the universal standards which has been the pull of wired data and power transfer for 20 years. The USB 4 specification has now been introduced and will probably appear in devices in late 2020 or early 2021 after a new standard is being published. Over 50 companies are presently involved in the standard, especially those behind the USB Promoter Group such as Apple, HP, Intel, Microsoft, ST Microelectronics and Texas Instruments. Furthermore, not all devices have Thunderbolt Interface. Intel announced that it contributed its work on Thunderbolt to the USB Promoter Group. Thunderbolt will basically underpin USB 4.0, so all USB 4.0 devices and ports will be automatically compatible with Thunderbolt devices for super-fast data transfer as well as device charging and display across a single cable as now. This can become a new wired interface trend in the coming years.

• Increasing use of smartphones is driving the market. According to Morgan Stanley, in 2023, the market share of smartphone shipments for Android is predicted to be 87.1%. This inhibits the demand for USB Type C wired interface technology which are mostly use for android smartphone. Further growing adoption of smartphones in the Asia-Pacific will drive the demand in this region.
• Further growth of Automotive Infotainment drives the market. Automotive infotainment is a hardware and software platform that delivers audio and video in a vehicle. With the growth of infotainment, the growth of the wired network (HDMI, USB) will be peaking to its growth. Mitsubishi Motors Corporation, Nissan Motor Co. Ltd, and Groupe Renault, decided to adopt Google Inc.'s Android operating system (OS) for their next-generation infotainment systems from 2021. This further bolsters the innovations in the USB type-C market.
• Also, leading technology companies in the market are focusing on introducing USB type-c and power delivery devices compatible with automotive infotainment systems. For instance, in February 2019, Microchip Technology Inc. announced that it had launched an automotive-qualified USB 3.1 Gen1 SmartHub IC, which includes interfaces for USB Type-C connectors and can enable universal connectivity in vehicles.
• The COVID-19 pandemic is already leading in a host of challenges to industrial manufacturers. According to a recent survey of the National Association of Manufacturers (NAM), about 80% of manufacturers of the United States expect that the duration pandemic financial impact on their business will be high. The overall semiconductor industry faces yet another down year in 2020 because of COVID-19 due to affect on demand and the supply chain.USB type interface are usually made from brass, which is a copper-zinc alloy with other IC components for connecting a microprocessor (MPU) or microcontroller (MCU) system in the electronic devices. Further, DisplayPort is developed by a consortium of PC and chip manufacturers and standardized by the Video Electronics Standards Association (VESA).
• The brand players such as STMicroelectronics, ON Semiconductor Corporation, suffers from supply chain distribution as they are core players in the semiconductor industry developing the wired interfaces. For companies vulnerable to a viral outbreak within their ranks, this would be a critical time to explore a proactive deployment of automation technologies (e.g., collaborative robotics, autonomous materials movement, industrial internet of things) to decrease worker density throughout their operations.