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FMI Releases Report on Growth of USB Type-C Market by 2030

FMI has presented a report about USB Type-C Market stating that it is expected to surpass US$ 127 billion by 2030 at 29% CAGR with Gaining Major Market Share.

FMIAccording to a new study by ESOMAR-certified market research and consulting firm’s study, the market is anticipated to reflect very strong growth prospects throughout 2030, growing at 29% CAGR. The study states that the industry will gain from developments associated with the automotive industry soon.

Report analysts state that telecommunications industry applications will be a major contributor to revenue growth in the industry in data transfer and power delivery systems. On the other hand, competition from other alternative technologies such as micro-USB is an obstacle for market players.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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