Global Wireless USB (WUSB) Devices Market: Snapshot
Wireless USB (WUSB) devices are gaining traction in recent years owing to plethora of reasons. WUSB can be defined as a high-bandwidth, short-range wireless communication protocol. Game controllers, mobile phones, communication devices, flash memory, digital cameras, hard-disk drives, printers, USB flash drives, personal computers, set-top box, PC peripherals, digital cameras, and MP3 players are some of the examples of wireless USB devices. Increased demand for these devices is stimulating the growth of the global wireless USB (WUSB) devices market.
An upcoming research report from TMR on the wireless USB (WUSB) devices market gives 360-degree analysis of important elements of this market. In addition, it offers dependable data on probable growth avenues and demand dynamics. The report sheds light on important insights of the said market for the forecast period of 2019–2025. Thus, the study of wireless USB (WUSB) devices market is a helpful guide for stakeholders. It assists all entities from the market for the wireless USB (WUSB) devices to make strategic moves and propel their businesses.
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Global Wireless USB (WUSB) Devices Market: Growth Dynamics
In recent times, there is increased use of mobile Internet devices including notepads, laptops, and tablet PCs. As a result, the world is witnessing rising need for personal area networks for connection to the networks. This factor is driving the demand for the global wireless USB (WUSB) devices market. Increased demand for machine-to-machine communication in segments including telematics and telemetry will have a positive impact on the connectivity, specifically, of Wireless USB.
Rising demand for short-range technologies such as low cost, low power, secure interconnections, and shorter frequency ranges within an operating space will push the wireless USB (WUSB) devices market growth. This aside, growing need for physical access to a wired network is projected to propel the global wireless USB devices market growth during upcoming years.
Global Wireless USB (WUSB) Devices Market: Competitive Analysis
The global wireless USB (WUSB) devices market is moderately fragmented in nature. Owing to presence of a wide range of global and regional players, the competition level is extremely intensified. To maintain the key position in the market for wireless USB (WUSB) devices, players are chasing diverse strategies such as mergers and acquisitions. Many vendors in the wireless USB (WUSB) devices market are growing efforts to offer superior quality products. To achieve this aim, they are increasing their investments on research activities.
Many enterprises are focused on product launches. Besides, the market for wireless USB (WUSB) devices is witnessing increased number of collaborations and partnerships in recent years. The main motive of these moves is to grow their regional presence all across the world.
The list of key vendors in the global wireless USB (WUSB) devices market includes:
- Intel Corporation
- Cypress Semiconductor Corporation
- Alereon Inc.
- Artaflex Inc.
- Unigen Corporation
- Veebeam
- Hewlett-Packard Company
- Wisair Ltd.
- Samsung
Global Wireless USB (WUSB) Devices Market: Regional Assessment
On regional front, Europe is projected to be one of the leading regions of the global wireless USB (WUSB) devices market during forecast period of 2019 to 2025. The region is expected to hold lion’s share in the market owing to rising demand for machine-to-machine communication units in the automotive telamatics vertical. At the same time, the government bodies in Europe are taking initiatives to support the growth of the market for wireless USB (WUSB) devices. Increased support from OEM automakers will push market growth in Europe. Other regions showing lucrative avenues for the growth of the wireless USB (WUSB) devices market are Asia Pacific and North America.
Wireless technology is a rapidly expanding phenomenon in the 21st century. It started with wireless data transfers to wireless net connectivity to LAN/WAN/internet connection as well the modern electronics going the wireless way. Wireless personal area network (WPAN) technologies, Bluetooth, wireless USB which eliminates the need of landline cabled infrastructure while allowing electronic devices to connect and communicate are growing in popularity. WPAN enabled devices are a growing clan in the electronics industry and they mark the era of intelligent inter-device communication.
Market potential of these technologies remain bright as device to device communication continues to evolve into an ubiquitous feature of modern computing, networking and communication. Growing consumer demand for convenience and freedom from wires in connecting all electronic devices is creating lucrative commercial opportunities for High-Speed Wireless PAN Technologies like wireless USBs. USB is prominent in the device segment such as personal computers, digital cameras, set top box, mobile phones, Mp3 players, flash memory, PC peripherals, communication devices etc.
There is a fertile environment for increased sales of USB devices due to its functionality. Europe remains the largest regional market. Asia-Pacific represents the fastest growing regional market with volume sales in the region projected to wax at a CAGR of more than 75% over the analysis period. Driven by a global trend towards wireless connectivity, the world market for Wireless USB (WUSB) Devices is projected to witness increased demand over the next few years and reach about 11.02 million units in volume sales by 2018. Major players in the marketplace include Alereon Inc., Artaflex Inc, Cypress Semiconductor Corporation, Hewlett-Packard Company, Intel Corporation, Samsung, Unigen Corporation, Veebeam, and Wisair Ltd.
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Increased focus on machine-to-machine (M2M) communication, especially in key application segments such as telematics and telemetry is poised to benefit networks providing M2M connectivity, such as WUSB. Also, growing interest in short range technologies, given their benefits such as shorter frequency ranges, low power, low cost, and secure interconnections within a small personal operating space, and elimination of the need for physical access to a wired network, among others are expected to drive gains in the global wireless USB devices market over the next few years. In addition, growing use of mobile Internet devices, such as tablet PCs, smart phones, laptops, and notepads have created the need for Personal Area Networks (PANs) for connecting to mainstream networks such as the Internet.
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