Docking Station Market Will Accelerate at a CAGR of over 6.5% through 2022-2032

The global docking station market size accounted for USD 1.47 billion in 2021. It is expected to expand at an annual growth rate of 6.5% (CAGR).

The rising rage of the Bring-Your-Own-Device (BYOD) work culture to lower costs and improve flexibility and efficiency helps industry development. As mentioned, there is a growing demand for more rapid data transfer. While the COVID-19 epidemic significantly disrupted businesses, it did not affect notebooks, laptops, and accessories manufacturers. These products were quickly sold out in a quiet market for electronics manufacturers, with offices closing and professionals relying solely on their individual devices to work at home. All major brands saw a rapid rise in demand, from market leader HP to premium player Apple to China’s Lenovo and Asus.

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The industry is thriving, and brands are spending better attention to their consumers. They have been changing their marketing technique to get customer attention. Most brands in the enterprise were forced to focus on e-tailing and direct-to-client channels after the coronavirus pandemic. The companies have increased sponsorship and partnership spending to reach a wider audience and improve brand visibility. The demand for these consoles has increased significantly due to the increase in the gaming console market and technological advances in many audiovisual devices.

Vendors in the gaming sector offer customized products in various portable options, such as the Nintendo Switch with Neon Blue Joy-Console and the Nintendo Switch With Neon Red. The demand for docking stations will increase due to the increasing popularity of esports and the increasing number of gaming subscriptions. However, technological advancements like mesh networking and Bluetooth technology may slow the industry’s growth. Digitalization is changing value chains in a new way and creating opportunities for structural change and value addition. These factors will drive market growth by increasing demand for smartphones, tablets, personal computers, and laptops.

Driving Factors

The docking station is designed to assist electronic device users

Docking stations connect external devices to electronic devices like laptops, computers, and cell phones. These docking stations allow users to attach additional accessories to digital equipment to increase their utility and convenience for professional use. This is one advantage of docking stations that electronic device users have.

For example, most computers have at least two to three USB ports. Its utility is limited if a user wants to connect more than one device to a laptop. The docking station requires only one connection, as other devices such as a scanner or printer can be connected to it to make it a desktop computer. This allows consumers to carry such devices around and increases the market for docking stations.

Restraining Factor

Introducing multi-featured and advanced smartphones has led to a decline in desktop sales. The majority of OEM docking stations do not work with laptops. The rising use of wireless technologies may also limit the demand for cordless technology, which could adversely affect the docking station market over the forecast period.

Market Key Trends

The Demand for docking stations has increased due to the increase in office space.

Because they offer additional convenience, docking stations make a great addition to work environments. Rotating staff, guests, and visitors can use docking stations to get to their travel destinations. Other benefits of office docking stations include a clutter-free environment, reduced space usage, increased productivity, and a cleaner working environment.

The Global Docking Station Market is likely to be driven by rapid digitalization around the globe

Customers increasingly use mobile devices, and there is a greater demand for docking stations. Due to their multifunctionality, docking stations are sure to grow in popularity. They can be used for audio input, USB ports, and Ethernet connections. The rapidly growing IT sector also creates a growing demand for equipment and computers. This factor is expected to drive the worldwide docking station market.

Key Developments

1. Targus Corporation launched the Thunderbolt 3 Docking Station, which has 96W Power Delivery, in April 2022. It features Thunderbolt speed and high-resolution graphics. Various connectors can be used to support today’s content creators and companies. You can connect it to either two 8K HDR monitors at 30Hz, or two 4K UHD displays at 60Hz. It also includes several connectors to accommodate office accessories like a keyboard, mouse, hard drive, and other items. These include two USB-C connections and five USB-A 3.0 Gen 1 ports.

2. January 24, 2022, Plugable Technology launched the USB4-HUB3A. It includes a downstream USB port, three downstream USB–C ports, a power supply, three downstream USB–C ports, and an interface to the laptop. The USB4-HUB3A is compatible with older and newer devices and systems. It also uses Intel’s Goshen Ridge chipset. Plugable Technologies will be able to expand its product line and cater to large numbers of customers with this expansion.

 

Кеу Маrkеt Ѕеgmеntѕ:

Proper segmentation is given below based on product, Distribution channel, and connectivity.

By Product

• Smartphone & Tablet
• Laptop
• Others

By Distribution Channel

• Online
• Offline

By Connectivity

• Wireless
• Wired

Маrkеt Кеу Рlауеrѕ:

Below are the major players included in the Docking Station market report,

• Dell Technologies Inc.
• ACCO Brands Corporation
• Lenovo Group Ltd
• HP Development Company L.P
• Plugable Technologies
• TOSHIBA CORPORATION
• Acer Inc
• Samsung Electronics Co., Ltd
• Apple, Inc
• IMARC Group
• Other Major Players

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Frequently Asked Questions (FAQ):

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