Global Docking Station Market (2017-2024)- Research Nester
Docking station refers to an electronic device in which the device such as laptop, mobile phone hard drives are plugged to give access to peripheral device, auxiliary feature or charging. Further, it can also be deployed with laptop or hard-disk drives and uses them as a desktop computer. The docking station is specifically designed for a model of product due to the presence of various types of connectors in the device. The docking stations are preferred worldwide by the consumers owing to its less wiring system and innovative technology. The market size of docking station has been constantly rising due to the increased adoption integrated and innovative technology among the consumers and massive adoption from the commercial sector.
The docking station can be classified as wired docking stations and wireless docking stations. The wireless docking station is free of cables. Further, the wireless docking stations are gaining popularity over the wired docking stations as they are more portable and offer easier connectivity solutions. They can easily be carried from home to workplace. Moreover, they can be used with any model of device.
Market Size and Forecast
The market is anticipated to reach USD 7.52 Billion by 2024. Further, the global docking station market is expected to witness a CAGR of 5.42% over the forecast period. Increasing popularity and use of portable device among consumers has resulted in the increased demand for the docking stations. Further, these docking stations are expected to witness a robust growth owing to its multi-functional properties such as audio input and output, ranging USB ports and ethernet connectivity.
Geographically, North-America is the largest market for docking station followed by Europe and Asia-Pacific.
North-America held the largest market share of global docking station market till 2016 and expected to continue its dominance over the forecast period. In 2016, North-America market accounted for 47.9% of market revenue of global docking station system. Moreover, the practice of bring your own device (BYOD) and carry your own device (CYOD) in the IT companies is expected to provide a robust growth over the forecast period.
Further, Europe is also expected to witness growth over the forecast period. Rising disposable income and adoption of technologies by the population is expected to fuel the demand for docking stations in the European region.
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Moreover, Asia-Pacific is expected to showcase a positive growth over the forecast period. Presence of manufacturers, increasing IT companies and rising personal disposable income are some of the key factors spurring the demand for docking stations in the Asia-Pacific region.
Market Segmentation
Our-in depth analysis of the global docking station market includes the following segments:
By Type
- Laptop Docking Stations
- Mobile Device Docking Stations
- Hard Drive Docking Stations
By Technology
- Wired Docks
- Wireless Docks
By Application
- Commercial
- Residential
By Region
Global docking station is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Rising disposable income and increased adoption of integrated technologies in the developed and developing countries is expected to drive the global docking station market over the forecast period 2017-2024. Moreover, the features of docking stations such as additional faster (3.0) USB ports, ethernet and multiple connectors are expected to fulfill the rising demand of connectivity issues. In addition to this, the increasing adoptions of policies such as bring your own device (BYOD) and choose your own device (CYOD) in IT companies is projected to escalate the growth of global docking station market.
However, high cost of docking stations is believed to dampen the growth of global docking station market. Further, the compatibility issue is anticipated to restrain the growth of docking station market in future.
Key players
- Apple
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Financials
- Samsung
- Sony
- Lenovo
- Toshiba
- Dell
- HP
- ASUSTek
- Haier
- Fujitsu
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global docking station is segmented as follows:
- By Type Market Size & Y-O-Y Growth Analysis
- By Technology Market Size & Y-O-Y Growth Analysis
- By Application Market Size & Y-O-Y Growth Analysis
- By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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