According to schitec, the global USB-C connector market reached $2.2 billion in sales in 2021 and is expected to reach $10.6 billion in 2028, with China being the largest market with about 70% share.
Oct 11, 2022| According to schitec, the global USB-C connector market reached $2.2 billion in sales in 2021 and is expected to reach $10.6 billion in 2028, with China being the largest market with about 70% share.
European Union (EU) member states and the European Parliament agreed in May on a legal text for Common Charger Specifications (USB-C) for the sale of smartphones and tablets in the EU. This would be a big blow to Apple. Although accounting for the entire revenue of Apple is not a large proportion, but how to make up for the gap in this area is also a homework Apple needs to do.
If the law goes into effect within six months of its passage, it means the iPhone 15 could be the first iPhone affected. Speculation is limited to the iPhone 15 Pro and iPhone 15 Pro Max. The iPhone 15 will still have the Lightning port, but the EU believes that harmonising charging cables for all devices will help reduce e-waste.
Which sectors will benefit? According to Securities Times, the industry expects that the unified deployment of relevant departments will accelerate the large-scale replacement of USB-C to traditional charging interfaces, and the market capacity will also usher in rapid growth in the next 3-5 years. The domestic industrial chain is expected to usher in a market scale of 100 billion yuan. According to schitec, the global USB-C connector market reached $2.2 billion in sales in 2021 and is expected to reach $10.6 billion in 2028, with China being the largest market with about 70% share.
