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Wired Interface Market Size (2024 - 2029)

The wired interface market is experiencing growth driven by the increasing adoption of smartphones and automotive infotainment systems, which are enhancing the demand for technologies like USB Type-C. The market's expansion is further supported by the introduction of new standards such as USB 4, which promises improved compatibility and performance. However, challenges such as supply chain disruptions, exacerbated by the COVID-19 pandemic, pose risks to market players. Despite these challenges, the focus on innovative connectivity solutions in automotive applications and the widespread use of USB Type-C in smartphones are key factors contributing to the market's positive trajectory.

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Market Size of Wired Interface Industry

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Wired Interface Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.10 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Wired Interface Market Major Players

*Disclaimer: Major Players sorted in no particular order
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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.

Wired Interface Industry Segmentation

The wired interface market refers to the transmission of network data over a wire-based communication technology through various components type such as USB interface, HDMI, etc. under applications such as consumer electronics, automotive, etc.

Component Type
USB Wired Interface
Hdmi Wired Interface
Displayport Wired Interface
Thunderbolt Wired Interface
Application
Consumer Electronics
Automotive
Healthcare
Other Applications
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
Rest of the World
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Wired Interface Market Size Summary

The wired interface market is experiencing significant growth, driven by advancements in technology and increasing demand for high-speed data transfer solutions. The introduction of USB 4.0, which incorporates Thunderbolt compatibility, is set to enhance data transfer speeds and device connectivity across various platforms. This development is supported by major technology companies like Apple, HP, Intel, Microsoft, ST Microelectronics, and Texas Instruments, who are actively involved in the USB Promoter Group. The market is also witnessing a surge in the adoption of USB Type-C interfaces, particularly in smartphones and automotive infotainment systems, as these technologies offer universal connectivity and power delivery capabilities. The growing popularity of 8K Ultra HD televisions is further propelling the demand for HDMI 2.1 interfaces, which support higher resolutions and refresh rates, catering to the needs of consumers and manufacturers alike.

North America remains a key region for the wired interface market, driven by technological innovations and early adoption of advanced devices. The increasing integration of wired interfaces in electric vehicles and gaming consoles highlights the market's expansion potential. Companies like Samsung, LG, and Sony are leading the charge in 8K TV adoption, with HDMI 2.1 certification becoming a standard feature. The market's competitive landscape is characterized by numerous players, including Molex Incorporated and STMicroelectronics N.V., who are continuously innovating to meet the evolving demands of consumers. Despite challenges posed by the COVID-19 pandemic, the market is poised for growth, with automation technologies and new interface solutions playing a crucial role in overcoming supply chain disruptions and meeting future demands.

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Wired Interface Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Use of Smartphones

      2. 1.2.2 Growth of Automotive Infotainment

    3. 1.3 Market Restraints

      1. 1.3.1 Declining Rate of Shipment of PCs and Tablets

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component Type

      1. 2.1.1 USB Wired Interface

      2. 2.1.2 Hdmi Wired Interface

      3. 2.1.3 Displayport Wired Interface

      4. 2.1.4 Thunderbolt Wired Interface

    2. 2.2 Application

      1. 2.2.1 Consumer Electronics

      2. 2.2.2 Automotive

      3. 2.2.3 Healthcare

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 US

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 UK

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

Wired Interface Market Size FAQs

The Wired Interface Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Molex Incorporated, STMicroelectronics N.V., ON Semiconductor Corporation, Analog Devices, Inc. and TE Connectivity Ltd. are the major companies operating in the Wired Interface Market.

Wired Interface Report Snapshots

Wired Interface Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)