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Natick, Mass. — According to a recent report by Venture Development Corp. (VDC), "The U.S. Aftermarket for Computer Accessories — Fifth Edition," the total U.S. unit volume shipments of USB computer cables reached nearly 28 million units in 2003.
VDC forecasts this figure to grow to 65.5 million units by 2006, a compound annual growth rate (CAGR) of 18.5 percent. Unit volume shipments for USB hubs are forecasted to grow from 3.4 million units in 2003 to more than 4.6 million units in 2006, a CAGR of 8.6 percent.
The USB standard has achieved widespread acceptance in the computer industry, as evidenced by the proliferation of USB peripherals and the need for USB cables and hubs. The ubiquity of USB has helped drive growth in nearly every electronic/electrical accessory market due to its "plug 'n play" capabilities. USB will continue to have wide-reaching effects on the computer accessories aftermarket, including the following:
- USB is causing the replacement of old cable standards, as most new PCs and computer peripherals support USB.
- The ascension of USB has created demand for USB adapters for use with legacy peripherals.
- For notebook PCs, USB is rivaling docking stations in terms of capabilities to support users' needs.
- Sales for newer consumer electronics with USB compatibility, such as MP3 players, are rising rapidly.
Founded in 1971, VDC is a technology market research and consulting firm that specializes in industrial and commercial electronics, computing, communications, software and power systems markets. For more information, visit www.vdc-corp.com.