Serial USB Converters Market Size, Share, Growth, and Industry Analysis, By Type (Triple, Combo and Single), By Application (Commercial-grade and Industrial-grade), Regional Forecast To 2031

Updated On: 15 April 2024

Serial USB Converters Market REPORT OVERVIEW

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The global serial USB converters market size was USD 134.3 million in 2022 and is projected to touch USD 189.4 million by 2031, exhibiting a CAGR of 3.9% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A serial device can be connected to a computer or other device with a USB port using serial USB converters, commonly referred to as USB to serial adapters. Older computers and equipment frequently had serial ports, also known as RS-232 ports, for connecting things like modems, printers, and serial mice. However, serial ports are no longer seen on a lot of contemporary computers and gadgets. USB to serial converters can help in this situation. They act as a bridge to enable communication between the serial device and the USB port. A compact device with a USB connector on one end and a serial connector (such DB9 or DB25) on the other end is the standard design of a USB to serial converter.

To facilitate proper connection, these converters frequently need drivers to be loaded on the computer. The computer treats the USB to serial converter as a virtual serial port after the drivers are set up, enabling software to communicate with the associated serial device.

 Common uses for serial USB converter include connecting older serial devices to more modern computers, programming microcontrollers, setting up networking hardware, and debugging electrical devices that employ serial protocols. The existence of USB to TTL converters, which are similar to USB to serial converters but intended for connecting to devices that use TTL-level serial signals (such as embedded systems and microcontrollers), should be noted.

COVID-19 Impact: Increased demand for Distance Learning to Boost Market Growth

There was an increase in demand for computer peripherals and accessories as a result of the pandemic's requirement for work-from-home arrangements and remote learning. People may have tried to connect legacy serial equipment to their home computers as a result, which may have increased demand for USB to serial converters. Manufacturing of electronic parts and gadgets is widespread in pandemic-stricken nations. There may have been shortages or delays in the supply of serial USB converters in some areas as a result of lockdowns, limitations, and a smaller worker capacity. Online shopping significantly increased during the epidemic as physical retail establishments faced closures and restrictions. The distribution and accessibility of serial USB converter may have been impacted by this shift in consumer behavior based on the e-commerce platforms' capacity to handle increased demand.

LATEST TRENDS

"Compact and Portable Designs to Enhance Market Growth"

Smaller, more portable designs are becoming more popular for serial USB converters. As a result, they are more convenient and portable, making them simpler to use with laptops, tablets, and other mobile devices. The use of USB-C technology has grown recently. Faster data transfer rates, more powerful power delivery, and reversible plug orientation are all features of USB-C connectors. As a result, some serial USB converter now incorporate USB-C connectors, which offer improved performance and compatibility with contemporary devices. For their applications, many users demand several serial ports. Serial USB converter with several ports have grown in popularity to accommodate this demand. By enabling simultaneous connection of several serial devices, these converters help customers conserve space and eliminate the need for numerous separate converters.

Serial USB Converters Market SEGMENTATION

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• By Type

Based on type market is classified as triple, combo and single.

• By Application

Based on application market is classified as commercial-grade and industrial-grade.

DRIVING FACTORS

"Flexibility and Convenience to Augment Market Growth"

The requirement to connect to and support ageing serial equipment is one of the main driving forces for serial USB converters. Serial communication protocols are still used by many older devices, including laboratory instruments, industrial equipment, and specialised hardware. The seamless integration of these antiquated devices with contemporary computers and gadgets, which mostly have USB connectors, is made possible by serial USB converters. By enabling connections to a variety of USB-equipped devices, such as laptops, desktop computers, tablets, and even smartphones, serial USB give customers versatility. Serial USB converter are a common option for people and companies looking to communicate with serial devices across numerous platforms because of their convenience and versatility.

"Industry-Specific Requirements to Propel Market Growth"

For certain applications, serial communication is heavily used in a number of sectors. Serial devices may be essential to crucial operations in sectors like manufacturing, automation, telecommunications, healthcare, and transportation. These industry-specific needs are catered for by serial USB converters, which provide flawless connectivity and communication with serial equipment. The programming and debugging of microcontrollers, embedded systems, and other electrical devices is made possible via serial USB converter. They make it easier for data to be transferred, firmware to be updated, and real-time device behaviour to be monitored, enabling designers and engineers to debug and improve their creations. When used in conjunction with remote desktop or terminal software, serial USB converter make it possible to access and control serial devices from a distance. When on-site access is not possible or feasible, such as during remote maintenance, troubleshooting, and configuration, this option is advantageous.

RESTRAINING FACTORS

"Data Transfer Speed Limitations to Impede Market Expansion"

The correct driver support, compatibility with the operating system, and software programmes are requirements for serial USB converters. Compatibility problems can occasionally occur, leading to driver conflicts, a lack of functionality, or unstable operation. Users might need to check to see if the right drivers are compatible with their particular operating system and device. In comparison to current USB technology, serial connection, particularly the more antiquated RS-232 protocol, often has slower data transfer rates. Although USB to serial converters can still carry data at decent speeds, they might not be appropriate for tasks like video streaming or huge file transfers. Limited power output is available through USB ports, typically up to 5 volts at a certain current rating.

Serial USB Converters Market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Technological Development"

The United States in particular has been a significant centre for technological development and industrial uses. The existence of sectors including healthcare, telecommunications, manufacturing, automation, and this region's manufacturing sector all contribute to the demand for serial USB converters market share. Since many different sectors of the economy and applications require connectivity solutions for serial devices, the use and demand for serial USB converter can be found globally due to the global nature of the technology market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• VS Vision Systems GmbH (Germany)
• CONTEC (U.S.)
• Brainboxes Limited (U.K.)
• RAYON (India)
• Moxa Europe (Europe)
• Digi International (U.S.)
• OMRON (Japan)
• UTEK technology (China)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.