San Francisco, California, November 06, 2018: A report by TMR Research, titled, “Wired Interface Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028,” states that rising uptake of modern electronic gadgets, namely smartphones, laptops, wearables, computers, and others is majorly fuelling the market.
The wired interface connectivity is being increasingly preferred over Wi-Fi and Bluetooth technologies because of the former’s solid data transferring and streaming capacities. With further innovation in the domain of electronic devices, the global wired interface market is set to soar more. Some of the prominent trends in the global wired interface market are progress in USB technologies to make data transfer and charging challenges smoother.
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However, slowing sales of PCs and tablets have emerged as the main challenge for the wired interface market. To overcome it, savvy companies are seen turning their gaze to the high growth markets of emerging economies such as China and India. They are seen introducing mid budget and low budget products in the region. Apart from Asia Pacific nations, North America at present accounts for substantial revenue in the global wired interface market. This is because of its superior technological infrastructure and also the high sales of new electronic devices in the region. Presence of several key players in North America has also served to promote its market growth.
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The report finds that the global wired interface market is fragmented and highly competitive. This is because its landscape is choc-o-bloc with companies of all sizes. In order to stay ahead of competition in such a crowded space, players are seen spending considerable amounts on research and development of new products. They are also seen improvising their manufacturing process. Going forward, competition is set to rise further with more players entering the fray. Currently some of the key companies operating in the global wired interface market are NXP Semiconductors N.V.