Docking Station Market Insights Covering Market Dynamics and Competitive Scenario through 2020
Global docking station market was valued at US$ 4,204.7 Mn in 2013 and is forecast to grow at a CAGR of 5.3% from 2014 to 2020, reaching US$ 6,018.6 Mn in 2020.
[EUPRwire, Wed Mar 13 2019] In order to study the various trends and patterns prevailing in the overall market for Docking Station Market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Docking Station Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.
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Global docking station market is expected to develop at a CAGR of 5.3% during the period between 2014 and 2020. The report, titled “Docking Station Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, estimates the overall market to reach a valuation of US$6.02 billion in 2020. The global docking station market was worth US$4.20 billion in 2013.
Docking station enables users to connect their portable devices such as mobile devices, hard drives, and laptops to a set of peripherals. Docking stations eliminate the need of peripherals such as speakers, monitors, mouse, and others to be connected to the portable devices through multiple cables. The report points out that the rising demand for smartphones, tablets, notebooks, and other handheld devices will push the growth of the global docking station market. Rising trend of bring-your-own-device (BYOD) and choose-your-own-device (CYOD) policies at workplaces will also augment the growth of the overall market during the report’s forecast period.
However, the report states that the lack of standardization in docking stations will negatively impact the market. Availability of cheaper alternatives will further restrain the docking stations market. The report identifies the development of universal docking stations with superior features as a key opportunity for the market to grow in the coming years. The scope of growth of the market is particularly high in Asia Pacific and in the Middle East countries. The prevailing trends in the global docking stations market impel manufacturers to focus more on delivering optimal mobile computing experience. Increased adoption of wireless docks with USB 3.0 ports will create new growth avenues for the market during the forecast period.
On the basis of product, the global docking station market has been segmented into hard drive (HDD) docks, laptop docks, and mobile devices docks. In 2013, laptop docking station segment held around 55% market share and emerged as the largest segment of the market. During the forecast period, the demand for mobile devices docks is expected to increase significantly.
In terms of the technology, the global docking station market can be divided into wireless and wired technology. Wired docking stations that include traditional docks with snap-in connectors and single cable docks, hold the largest share in the market. Single cable docks comprise of Thunderbolt docks and USB Type-C docks that transmit power as well as data. Wireless docks are usually based on Wi-Fi and WiGig.
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On the basis of application, the global docking station market has been segmented into residential and commercial applications. Commercial segment accounted for 88% market share in 2013 owing to the increased adoption of docking stations across small and medium-scale enterprises and large enterprises. Advanced features such as wireless charging has led to the widespread adoption of docking stations in the commercial sector.
The report also provides a section on competitive landscape, wherein the market positioning of leading players in the global docking station market for 2013 has been analyzed. The report concludes with the company profiles of major players in the global docking station market such as Dell Inc., Toshiba Corporation, Hewlett-Packard Company, IBM Corporation, Lenovo Group Ltd., Samsung Electronics Co., Ltd., ASUSTeK Computer Inc., Sony Electronics Inc., and StarTech.com. The company profiles of key players in the market and the strategies adopted by them to sustain the competition. Recent developments and barriers of the market will help emerging players to design their strategies in an effective manner. The study is expected to help key players in broadcast switchers market to formulate and develop their strategies.
Docking Station Market by Type
- Laptop Docks
- Hard Drive Docks
- Mobile Device Docks
Docking Station Market by Technology
- Wired Docks
- Wireless Docks
Docking Station Market by Application
- Residential (Consumers)
Docking Station Market by Geography
- North America
- Middle East and Africa (MEA)
- Latin America
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