The global docking station market is segmented by type into port replicators, OEM/proprietary docks, and vehicle docks. Out of these segments, the port replicators segment is estimated to hold the largest share throughout the forecast period, i.e., 2021-2030, owing to the availability of numerous connectivity formats, such as USB-A, USB-C, thunderbolt, and others, in the port replicators, as well as for the fact that these products allow the users of computing devices to connect multiple peripherals at the same time.
Research Nester published a report titled “Docking Station Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global docking station market in terms of market segmentation by product type, connectivity, docking interface type, driver, port type, application, end-user, and by region.
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.
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The global docking station market is anticipated to grow with a CAGR of ~6% during the forecast period and further garner a significant revenue by the end of 2030. Factors such as the growing trends of bring your own devices (BROD) in work places, along with the rapid advancements in the technology of these stations, such as the introduction of multi-function ports with greater data transfer speeds, and others, are anticipated to contribute to the market growth in the coming years.
Based on region, the global docking station market is segmented into five major regions, which include North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Out of the market in these regions, the North America docking station market is anticipated to hold the largest market share by the end of 2030, owing to the growing awareness about these products amongst the end-users, followed by the rise in the rate of digitization in countries, such as Canada and the United States. Alternatively, the Asia Pacific docking station market is projected to grow with the highest CAGR throughout the forecast period, on account of the rise in the exports of ICT goods from countries such as China, Japan, and others, and for the presence of manufacturing hub of computing devices in China.
Rise in the Sales of Handheld Devices, Laptops, Desktops, and Other Computing Devices
One of the major factors that is anticipated to drive the growth of the global docking station market is the increasing sales of small and large sized computing devices. Between 2010 and 2020, the sales of smartphones grew by five times from around 300 Million units to over 1500 Million units. Moreover, laptop sales between the period 2015 and 2020 grew from about 150 Million units to 220 Million units. The surge in growth of these computing devices can be attributed to the growing advancements in computing technology, along with the increasing need amongst the end-users to perform multiple tasks at the same time. Additionally, increasing trends of video-gaming, and the need for vehicle docking stations in the construction vehicles for different end-use purposes, are also anticipated to drive the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, the rising concern for the availability of counterfeit products at a lower price point is one of the major factors expected to operate as key restraint to the growth of global docking station market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global docking station market which includes company profiling of Gamber-Johnson LLC, Havis, Inc., Targus, ACCO Brands Corporation, Acer Inc., Apple Inc., ASUSTeK Computer Inc., Dell Inc., Fujitsu, HP Development Company, L.P., Lenovo, 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 docking station market 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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