The globe to transport the rising number of passengers. Between the years 2018 and 2019, the total number of passengers carried on scheduled services grew by 3.6% to reach 4.5 billion in the year 2019, according to the statistics
Research Nester published a report titled “USB Type-C Market for Airline Industry: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global USB Type-C market for airline industry in terms of market segmentation by port type, application, aircraft type, and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global USB Type-C market in the airline industry is anticipated to witness exponential growth in the future by growing with a CAGR of 12.2% over the forecast period, i.e., 2020-2028, backed by the increasing adoption of USB Type-C enabled devices such as smartphones, tablets, wearables, and others amongst individuals worldwide. Moreover, on account of the rising need amongst the travelers to charge their devices on-the-go, various leading airline companies are incorporating USB Type-C sockets, which are known to provide up to 60 watts of power. These Type-C sockets have various advantages over AC power systems, such as the ability to support power up to 15W at the rate of 5VDC along with bidirectional compatibility. The global USB Type-C market in the airline industry accounted for USD 10,440.0 thousand in the year 2019 and is expected to reach USD 17,064.4 thousand by the end of 2028.
The market is segmented by aircraft type into commercial aircraft, private and others. Among these segments, the commercial aircraft segment in the global USB Type-C market for airline industry is estimated to grow with the highest CAGR of around 12.7% and is estimated to hold the largest market share and attain a revenue of USD 13516.4 thousand by the end of 2028, backed by the increasing number of commercial aircrafts around the globe to transport the rising number of passengers. Between the years 2018 and 2019, the total number of passengers carried on scheduled services grew by 3.6% to reach 4.5 billion in the year 2019, according to the statistics by the International Civil Aviation Organization (ICAO).
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Geographically, the global USB Type-C market for airline industry is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in the Asia Pacific is estimated to grow with the highest CAGR of 13.5% during the forecast period and also attain the largest revenue of USD 5460.7 thousand by the end of 2028. The market is further segmented by country into China, India, Japan, South Korea, Vietnam, Singapore, Australia, and Rest of Asia Pacific, out of which, the market in Vietnam is expected to grow with the highest CAGR of 15.2% during the forecast period.
However, the high cost of implementation of these ports in aircraftsis one of the key restraints anticipated for the growth of global USB Type-C market for airline industry over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global USB Type-C market for airline industry which includes company profiling of Astronics Corporation, AAR Corp., Mid-Continent Instrument Co., Inc. (True Blue Power), Imagik Corporation, Appareo Systems, LLC, Burrana, IFPL Group Limited, Inflight Canada, Kid-Systeme GmbH, Eirtech Aviation Services, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global USB Type-C market for airline industry that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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