Thunderbolt Devices Market to Grow at 17% CAGR Owing to Rising Adoption of Thunderbolt technology in Electronic Devices

The thunderbolt devices market consists of devices that use the thunderbolt technology standard for high-speed data transfers. Thunderbolt devices offer superior compatibility, speed, and versatility making them an important part of modern computing systems. Thunderbolt technology allows interconnected devices to transfer large amounts of data through a single cable at speeds much faster than traditional ports. Various products using thunderbolt include graphics cards, docks, SSD drives, displays and others. The growing popularity of high-performance computing applications like video editing, gaming and 4K/8K content creation is fueling the demand for high-speed connectivity solutions like thunderbolt devices.

The global thunderbolt devices market is estimated to be valued at US$ 7.1 billion in 2024 and is expected to exhibit a CAGR of 17% over the forecast period of 2024-2029.

Key Takeaways

Key players operating in the thunderbolt devices market are Intel, Apple, Anthropic, Asus, Sonnet Technologies. Intel launched its latest Thunderbolt 4 technology offering faster data transfer speeds and compatibility with USB 4 standards.

The Thunderbolt Devices Market Growth for high-speed storage solutions and increased adoption of high-resolution displays requiring faster transfer of large multimedia files is driving the thunderbolt devices market. Ability to connect multiple devices with a single cable and transfer data at high speeds is increasing their popularity.

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