Docking Station Market: Current Analysis and Forecast (2021-2027)
Emphasis on Product (Laptops, Smartphones & Tablets, Others); End-Use (Residential, Commercial, Industrial); Connectivity (Wired, Wireless); Distribution Channel (Online, Offline); and Region/Country
A rise in internet penetration, BYOD policy by organizations, and increasing cell phones and laptop shipments across the globe are some of the prominent factors which are driving the demand for docking stations. As per Gartner, global smartphone sales grew 6% in 2021. Furthermore, the overall smartphone market saw a 5.7% increase in shipments despite a sluggish final quarter of the year that saw a 3.2% decline, as revealed by IDC.
Moreover, the market for docking stations is likely to witness significant growth in the coming years due to their multifunctional properties, such as audio input and output, ranging USB ports, and Ethernet connectivity. Bring-Your-Own-Devices (BYOD) is another trend that is propelling the market forward. Also, the rising popularity of multiplayer video games owing to easy access to high-speed internet and compatible hardware is expected to boost the demand for docking stations. Moreover, vendors operating in the gaming industry offer tailored products in several portable options such as Nintendo Switch with Neon Blue and Neon Red Joy-Console.
The Global Docking Station market is expected to register a CAGR of around 5% over the period of 2021-2027. The advent of technologies such as wi-fi, Bluetooth, WiGig, USB-C, USB 3.0, and Thunderbolt, is contributing to the growing market. Manufacturers in the industry have been incorporating wireless technologies in their products, considering the growing demand. For instance, recently, Samsung Group launched Samsung DeX, a wireless docking station, along with Samsung Galaxy S8. The docking station allows smartphones to connect to power supplies, monitors, wireless mouse, keyboards, and network ports. It also enables smartphones to convert into touchpad.
Targus, StarTech.com, Dell Technologies Inc., ACCO Brands Corporation, Lenovo Group Limited, HP Development Company L.P, Plugable Technologies, Toshiba Corporation, Acer Inc., Samsung Electronics Co., Ltd., etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, laptop category accounted for the majority share in the market in 2020”
Based on the product, the market is fragmented into laptops, smartphones& tablets, and others, The laptop segment grabbed the major market share in 2020 and dominated the market. The growing use of laptops in almost every industry is leading to the growing share of the segment. As per tech giant HP, Despite the spike in demand for personal computers and laptops in India by 50%year-on-year last year, due to additional requirements for online learning and work from home .
“Amongst connectivity, wireless segment is expected to witness highest CAGR during the forecast period”
Based on the connectivity, the market is fragmented into wired and wireless. The wired segment grabbed the major market share in 2020. The benefits such as a high degree of convenience, high-speed data transfer, etc., are leading to the growing share of the segment. However, the wireless segment would witness a robust CAGR Due to the incorporation of advanced wireless technologies, such as WiGig, Wi-Fi, and Bluetooth, with better efficiency.
“Amongst distribution channel, the offline segment is expected to witness highest CAGR during the forecast period”
Based on the distribution channel, the market is fragmented into online and offline. The offline segment grabbed the major market share in 2020 and dominated the market. An increasing number of retail stores, especially in emerging markets such as India, China, and Brazil, is expected to boost product sales through offline channels. However, the online segment would witness the highest CAGR during the forthcoming years.
“North America to witness significant growth during the forecast period”
For a better understanding of the market adoption of the Docking Station market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The North America region grabbed the major market for the Docking Station Market industry in 2020. However, the Asia Pacific region would witness a considerable CAGR during the forthcoming years.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Global Docking Station Market Analysis (2021-2027)
Analyzing the historical market, estimating of the current market, and forecasting the future market of the global docking station market were the three major steps undertaken to create and analyze the adoption of docking stations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global docking station market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the docking station market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Docking Station market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are product, connectivity, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Docking Station market. Further, we conducted factor analysis using dependent and independent variables such as surging number of laptop and PC users, rising disposable income, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Docking Station market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Docking Station market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of docking station market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Docking Station market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Docking Station market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, connectivity, and distribution channel in the global docking station market.
The main objective of the Global Docking Station Market Study
The current & future market trends of the global Docking Station market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the docking station market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include product, connectivity, and distribution channel
- Define and analysis of the regulatory framework for the docking station market industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the docking station market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
- Company profiles of the Docking Station market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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