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USB Type-C Market to Expand by USD 17.35 Billion (2024-2028), Driven by Rising Adoption of Premium Smartphones in Emerging Markets, AI-Powered Market Analysis- Technavio’s

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NEW YORK, Sept. 2, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global usb type-c market size is estimated to grow by USD 17.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.1%  during the forecast period. Increasing adoption of premium smartphones in emerging markets is driving market growth, with a trend towards growing penetration of wireless charging outlets. However, fluctuations in prices of raw materials and rising operational costs  poses a challenge. Key market players include AUK, Belkin International Inc., Bright Industries, ByteCable, Cabledo, Diodes Inc., Farreach Electronic Co., Ltd., HIROSE ELECTRIC Co. Ltd., Hon Hai Precision Industry Co. Ltd., Infineon Technologies AG, MediaTek Inc., Microchip Technology Inc., Moke International Group Ltd., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., Shenzhen STC Cable, Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., and Wandkey Electronic Co.,Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Usb Type-C Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 17.1%

Market growth 2024-2028

USD 17350.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.25

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 46%

Key countries

China, US, India, Germany, and Japan

Key companies profiled

AUK, Belkin International Inc., Bright Industries, ByteCable, Cabledo, Diodes Inc., Farreach Electronic Co., Ltd., HIROSE ELECTRIC Co. Ltd., Hon Hai Precision Industry Co. Ltd., Infineon Technologies AG, MediaTek Inc., Microchip Technology Inc., Moke International Group Ltd., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., Shenzhen STC Cable, Silicon Laboratories Inc., STMicroelectronics International N.V., Texas Instruments Inc., and Wandkey Electronic Co.,Ltd.

Market Driver

The USB Type-C market is experiencing significant growth due to its versatility and compatibility with various devices. This connector type offers faster data transfer rates and charging capabilities. Major tech companies are integrating USB Type-C ports into their latest products, including laptops, smartphones, and tablets. The market is expected to continue expanding as more manufacturers adopt this technology. USB Type-C’s reversible design and ability to support Power Delivery make it a preferred choice for consumers and businesses alike. 

The USB Type-C market is booming as more and more electronic devices adopt this versatile technology. Smartphones, tablets, laptops, and MacBooks are leading the charge, with USB Type-C ports becoming standard. The trend is driven by the need for faster data transfer and charging capabilities. USB Type-C is also making waves in industries like robotics, aerospace, and automotive, where voltage adjustment and temperature protection are crucial. With increasing internet penetration, USB Type-C devices are finding applications in wireless computing and consumer electronics. Thunderbolt 3, Thunderbolt 4, USB4, and DisplayPort are key specifications that set USB Type-C apart. USB Type-C technology offers voltage compensation and temperature protection, making it ideal for use in commercial and private aircraft, automobiles, medical devices, and USB power adapters and wall chargers. As the USB Type-C industry grows, it’s essential to consider import and export analysis and the environmental impact, including electronic waste management. 

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Market Challenges

The USB Type-C market is experiencing significant growth due to its versatility and compatibility with various devices. This connector type offers faster data transfer speeds and charging capabilities. Major tech companies are integrating USB Type-C ports into their latest devices, driving market demand. The USB Implementers Forum (USB-IF) continues to develop and promote USB Type-C technology, ensuring its widespread adoption.The USB Type-C market is growing rapidly due to its versatility and compatibility with various electronic devices, including automotive infotainment systems, Apple devices, commercial and private aircraft, robots, and personal computers. The USB Type-C industry faces challenges in transferring data at high speeds and providing sufficient power for devices like digital cameras and voltage-hungry laptops. USB Type-C connections in automobiles and medical devices require import-export analysis for regulatory compliance. Thunderbolt 3, Thunderbolt 4, USB4, and DisplayPort specifications are key technologies driving the market. USB Type-C power adapters and wall chargers are essential accessories for this technology. However, managing electronic waste from discarded USB Type-C products is a significant challenge for the industry.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This usb type-c market report extensively covers market segmentation by  

Product Type1.1 Charger1.2 Cable1.3 Adaptor1.4 Other accessoriesApplication 2.1 Consumer electronics2.2 Automotive2.3 Healthcare2.4 Industrial automation2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Charger-  The USB Type-C chargers market is projected to expand due to the rising demand for consumer electronics requiring continuous power supply. The consumer base for electronic peripherals is expanding, and the growing popularity of low-cost chargers in developing economies is fueling market growth. E-commerce platforms have made mobile accessories like chargers more accessible, further accelerating segment expansion. Replacement demand for smartphones dominates, but portable chargers and cables’ convenience and government initiatives to reduce electronic waste are influencing market trends. Manufacturers focus on technological innovation for reliable power supply, reducing downtime and enhancing user experience, driving market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The USB Type-C market is experiencing significant growth due to its versatility and compatibility with various devices. This advanced technology supports data transfer speeds up to 10Gbps and can be used for charging mobile phones, tablets, laptops, MacBooks, smartphones, and more. USB Type-C connections are not only limited to computing devices but are also being adopted in robotics, aerospace, and automobiles. With the increasing internet penetration and the rise of consumer electronics, the demand for USB Type-C technology is expected to surge. USB Type-C ports offer features like voltage compensation and temperature protection, making them a preferred choice for various industries. USB Type-C market includes USB power adapters, wall chargers, and even DisplayPort alt mode for video output. The USB Type-C market analysis also covers import and export trends, making it an essential topic for technology enthusiasts and industry professionals.

Market Research Overview

The USB Type-C market is experiencing significant growth due to its versatility and widespread adoption in various electronic devices. USB Type-C technology offers fast data transfer speeds, making it ideal for use in mobile phones, tablets, laptops, MacBooks, smartphones, and various consumer electronics. The technology’s ability to support Thunderbolt 3, Thunderbolt 4, USB4, and DisplayPort makes it a popular choice for high-performance applications in robotics, aerospace, and automotive industries. Voltage adjustment and temperature protection features ensure safe and efficient charging of USB Type-C devices, including USB power adapters and wall chargers. The USB Type-C industry is also expanding to include commercial and private aircraft, medical devices, and automobiles. With increasing internet penetration and the growing importance of wireless technology, the USB Type-C market is poised for continued growth. However, concerns over electronic waste and the need for sustainable manufacturing practices are essential considerations for the industry’s future.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypeChargerCableAdaptorOther AccessoriesApplicationConsumer ElectronicsAutomotiveHealthcareIndustrial AutomationOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Ring in 2025 with Solitaire Grand Harvest’s New Year Celebration featuring Snoopy

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Snoopy and the Peanuts Gang Are Highlighted in an Exclusive In-Game Experience Filled with Nostalgia, Prizes, and Fun!

HERZLIYA, Israel, Dec. 29, 2024 /PRNewswire/ — This New Year, Solitaire Grand Harvest is bringing joy, nostalgia, and a bit of winter magic with everyone’s favorite beagle, Snoopy,! Starting December 29, players can experience Snoopy, Woodstock, and the Peanuts gang in a special month-long event that’s bound to bring back cherished memories while adding a little sparkle to your solitaire game.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/playtika/9222155-en-solitaire-grand-harvest-featuring-snoopy

Solitaire Grand Harvest, the #1 highest-grossing solitaire game in the U.S.**, is transforming into a Peanuts-themed winter wonderland just in time to ring in 2025. Whether you’re sipping cocoa by the fire or counting down to midnight, the Peanuts® takeover will warm your heart and make every win feel a bit more magical.

Starting December 29, players will discover Snoopy and his Winter Fair Collection, featuring charming in-game mini-games and exclusive prizes inspired by the classic Peanuts characters. But the fun doesn’t stop when the ball drops! Between January 1-12, players may add Snoopy and Woodstock to their collection, alongside their in-game special pet companions, making it a New Year’s celebration that keeps on giving. Players get to keep their favorite characters with them forever with the permanent in-game Snoopy collection.

Roi Glazer, General Manager of Solitaire Grand Harvest, shared his excitement, saying:
“Snoopy has been a beloved part of so many of our lives for generations. This partnership with Peanuts allows us to combine the nostalgia of Snoopy with the excitement of Solitaire Grand Harvest in a way that brings joy to our players during the New Year celebration.”

Scott Shillet, Vice President of Global Hardlines at Peanuts, said:
“We are thrilled to bring Snoopy and the beloved Peanuts gang to Solitaire Grand Harvest, allowing us to continue our mission of spreading joy through new and engaging experiences. By integrating our timeless characters into the game, our fans will find fresh ways to connect with Peanuts while enjoying the fun world Solitaire Grand Harvest has to offer.”

Solitaire Grand Harvest is available to download for free on the App Store and Google Play (in-app purchases available). To follow along, visit Solitaire – Grand Harvest on Facebook and on Instagram.

About Solitaire Grand Harvest®
Solitaire Grand Harvest is the top Solitaire game in the U.S.**, with hundreds of thousands of daily players across multiple platforms. Solitaire Grand Harvest, developed by Supertreat GmbH, allows its community to experience the fun side of farming as they grow and harvest crops, build and design their personal farm and progress through thousands of challenging Solitaire levels. The game provides high value content, and players are exposed to new features and provided with the opportunity to connect with other members of the Solitaire Grand Harvest community online.

About Playtika
Playtika Holding Corp. (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.

**According to App Annie, Solitaire Grand Harvest is the highest-grossing Solitaire game in the U.S. based on in-app purchases, from January 2024October 2024.

About Peanuts
The characters of Peanuts and related intellectual property are owned by Peanuts Worldwide, which is 41% owned by WildBrain Ltd., 39% owned by Sony Music Entertainment (Japan) Inc., and 20% owned by the family of Charles M. Schulz, who first introduced the world to Peanuts in 1950, when the comic strip debuted in seven newspapers. Since then, Charlie Brown, Snoopy and the rest of the Peanuts gang have made an indelible mark on popular culture. In addition to enjoying beloved Peanuts shows and specials on Apple TV+, fans of all ages celebrate the Peanuts brand worldwide through thousands of consumer products, as well as amusement park attractions, cultural events, social media, and comic strips available in all formats, from traditional to digital. In 2018, Peanuts partnered with NASA on a multi-year Space Act Agreement designed to inspire a passion for space exploration and STEM among the next generation of students.

View original content:https://www.prnewswire.com/news-releases/ring-in-2025-with-solitaire-grand-harvests-new-year-celebration-featuring-snoopy-302338478.html

SOURCE Playtika Holding Corp.

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Science and Technology Daily: Tech with Heart AI for Good AI with a Human Touch

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BEIJING, Dec. 29, 2024 /PRNewswire/ — In 1949, pioneering computer scientist Edmund Callis Berkeley envisioned a future filled with thinking machines in his book Giant Brains, or Machines That Think. Decades later, his vision has become a reality with artificial intelligence (AI) reshaping industries, societies and daily lives.

 

The progress however, is far from straightforward. While AI excites people with its potential, it also raises questions about ethics, safety and its impact on human life.

Recently, Science and Technology Daily hosted a panel discussion, “Tech with Heart, AI for Good”, on how AI empowers life and bridges human limitations but also needs guard rails to ensure it remains under control.

Omnipresent AI

AI is reshaping the way we live, work and interact with the world. For Zeng Yi, a professor at the Institute of Automation, Chinese Academy of Sciences and an expert of the United Nations’ high-level advisory body on AI, the motivation to advance AI technology lies in its potential to liberate humans from repetitive and labor-intensive tasks.

“Combining AI with robotics allows us to redirect human energy toward more creative and meaningful pursuits,” Zeng said. He highlighted how AI-powered robots are stepping into hazardous fields such as firefighting, disaster relief and space exploration. Lunar rovers equipped with advanced AI capabilities are conducting complex analyses on the moon’s surface — tasks too risky for human scientists.

Besides industrial applications, AI is making a significant impact on environmental conservation such as tracking wildlife.

AI’s potential extends into our everyday lives as well. Gao Shaolin, an expert at Peking University Law and Artificial Intelligence Research Center, mentioned a recent road trip during which he drove 3,000 kilometers on highways without coming across a single traffic accident.

“This is extraordinary,” Gao said, attributing the improvement to advancements in AI-driven safety features in modern vehicles.

From fatigue-monitoring systems in trucks to self-driving technologies in electric cars, these innovations are drastically reducing the likelihood of accidents.

However, both Zeng and Gao agreed that AI should not aim to replace humans but rather enhance human expertise and efficiency. AI can amplify human capacity, leaving room for creativity and innovation.

Responsible AI

As AI continues to evolve, responsibility becomes a critical issue. Zeng quoted Berkeley, who wrote, “It is often easier for scientists to create a device than to guide it well afterward.” Berkeley urged innovators to think beyond breakthroughs and address potential risks.

The question of accountability becomes central. Who will be responsible for any problem caused by AI? “AI is not an independent legal entity,” Gao emphasized, pointing out that current AI systems are tools rather than autonomous entities. The responsibility for their actions lies squarely with their developers, service providers and users.

“AI should be as intelligent as necessary, but it must remain under human control,” Gao stressed. As Zeng put it, “The key is ensuring AI coexists harmoniously with humans, not as a competitor but as a collaborator.”

Wu Baojun, executive deputy secretary-general of the Association for Science and Technology of the University of Chinese Academy of Sciences, said the rapid advancement of AI must be accompanied by efforts to ensure its reliability and safety within ethical frameworks.

“Our research in AI,” Wu said, “aims to explore unknown territories, eliminate human fears and make AI more reliable.”

Reliable AI

China has consistently demonstrated a forward-thinking approach to AI development, balancing technological innovation with social and ethical considerations.

As Matt Sheehan from the Carnegie Endowment for International Peace wrote in an article, “China is in the midst of rolling out some of the world’s earliest and most detailed regulations governing artificial intelligence.”

In 2017, China released the Next Generation Artificial Intelligence Development Plan to encourage diverse AI methodologies, such as deep learning, knowledge-based reasoning and large-scale modeling. The plan also emphasized ethical governance, with over a dozen references to social and legal challenges.

In May 2019, it was followed by the Beijing AI Principles, which set out clear guidelines for AI research and development, advocating respect for privacy, human dignity and human rights.

These visions were strengthened in July 2024 when the 78th UN General Assembly unanimously adopted a resolution proposed by China and co-sponsored by over 140 countries. The resolution emphasized the human-centered development of AI, international cooperation, and promotion of AI to benefit humanity as a whole.

Zeng said China’s AI strategy reflects a responsible and inclusive approach: “China’s AI development strategy is not limited to promoting domestic economic growth. They aim to empower humanity and promote sustainable development goals.”

Shared AI principles

AI governance has become a global priority with nations striving to ensure that technology develops responsibly and inclusively.

“We analyzed global AI ethics guidelines and found that 95 percent of the topics are consistent across countries. Concepts like human-centered development, transparency, fairness, safety and privacy protection are widely endorsed,” Zeng said, adding that nations worldwide largely agree on the foundational principles for AI ethics and governance.

In 2023, the Bletchley Declaration on AI safety was signed by 28 countries and the European Union. This marked the first broad agreement on the importance of AI safety as a global issue. In 2024, the UNESCO Recommendation on the Ethics of Artificial Intelligence was adopted unanimously by all member states, which is another example of the global consensus.

China is playing an active role in promoting international cooperation on AI governance. “AI must empower all nations, not just the technologically advanced ones. We should guide AI for good with collective efforts and shared responsibilities,” Gao said.

Executive Producers: Wang Junming, He Yi

Producer: Fang Linlin

Reporters: Long Yun, Zhong Jianli, Gong Qian

Subtitle Proofreaders: Wang Jing, Cen Yingjie

Video Editing Instructor: Wang Xiaolong

AI Technology Advisor: Liu Yang

Cameramen: Liu Xiao, Li Huitao, Li Tianji

Video Editor: Zhang Shunping

Reviewer: Fang Linlin

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SOURCE Science and Technology Daily

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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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SOURCE ZT CLOUD SERVICES LIMITED

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