Docking Station Market: Up-to-Date Analysis of Latest Trends in Market

According to a recent market research report published by Transparency Market Research, the 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.

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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.

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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.

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.