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The HDMI cable market size is estimated to grow at a CAGR of 4.8% between 2022 and 2027. The market size is forecast to increase by USD 811.02 million. The growth of the market depends on several factors such as the increasing penetration of smart devices, the increased gaming use of HDMI cables, AR-VR applications and 4K content display on TVs, and the increased usage of economical HDMI cables.
This HDMI cable market report extensively covers market segmentation by type (standard, high-speed, and ultra-high-speed), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing penetration of smart devices is driving growth in the HDMI cable market. The increased use of smart devices is having a strong impact on the global high definition multimedia interface (HDMI) cable market. HDMI cables are essential to connect these devices to monitors and give users better multimedia experiences. High-definition video and rich audio experiences are made available by retail devices.
HDMI connections are necessary to transfer high-definition audio and pictures and improve the entire game experience. With streaming services becoming popular, the use of larger screens for viewing internet content has become more widespread. The increasing penetration of smart devices is increasing the demand for HDMI cables which in turn will increase the growth of the global high definition multimedia interface cable market during the forecast period.
The growing popularity of HDMI with ethernet is a key trend in the market. For the distribution of HD video signals from one source to more than one display, HDMI over ethernet/IP uses an existing networking infrastructure. It is employed in configurations where video can be watched from various grid arrangements, such as point-to-point extension, one-to-many distribution, and video wall processing.
Moreover, HDMI converters change digital HDMI to analog Video Graphics Array (VGA), Serial Digital Interface (SDI), or any part of the video (holds true vice versa) with either digital audio or analog stereo audio. This trend is expected to support the growth of the global HDMI cable market during the forecast period.
Increased preference for coaxial cables is a major challenge in the HDMI cable Market. The implementation of multimedia over cable alliance (MoCA) technology allows transmission of high-speed broadband Internet and digital content access over coaxial cable networks. Moreover, it is a technology protocol that enables the transfer of contents over the existing television cable networks and provides a link between the regional fiber cable network and the in-house wireless network. In addition, the implementation of MoCA allows cable providers to retain and expand their users due to the availability of new services and high performance over other mediums.
However, with a receiver, coaxial signals can easily be converted into HDMI signals, and the coaxial cable can be used as an HDMI cable. This method is currently facing issues in delivering high-output signals with enhanced viewability. Thus, it is expected that with gradual innovations, these cables would process large data and replace HDMI cables. Such factors will hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global HDMI Cable Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amphenol Communications Solutions - The company offers HDMI cable products such as HDMI connectors, rugged HDMI, and HDMI.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The standard segments are estimated to witness significant growth during the forecast period. Standard HDMI cables were released in March 2010 by adding two mandatory 3D formats for broadcasting HD content. A standard HDMI cable adds a bidirectional Internet Protocol (IP) data channel, allowing devices to send and receive data and enabling internet connectivity and receive data at up to 100 megabits per second (Mbps) speed.
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The standard segment was the largest segment and was valued at USD 1,465.79 million in 2017. Standard HDMI cables define several 3D formats, including frame alternative, line alternative, and field alternative methods. The high definition multimedia interface cable market has been growing rapidly and reaching substantial growth due to the introduction of one of the first HD cable specifications. Although the newer versions have already been launched in the market, standard HDMI cables still exist owing to their capability and lower price.
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APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is expected to have the largest share in the global HDMI cable market during the forecast period. The increasing demand for HD TV screens with enhanced gaming experience in various countries, including India, China, Japan, South Korea, and Thailand, is expected to drive the demand for HDMI cables in APAC during the forecast period. China is the largest high-definition multimedia interface cable market in APAC. It is a hub for the production of electronics and semiconductors. In addition, China accounts for the highest shipment of TV sets across the world. New marketing initiatives and strategic partnerships might continue during the forecast period, contributing to the growth of the HDMI cable market in the region.
The outbreak of respiratory and infectious diseases (such as COVID-19) in 2020 has hampered the growth of the regional high-definition multimedia interface (HDMI) cable market. However, due to the regional government's initiation of the massive vaccination drives at the beginning of 2021, the lockdown was lifted, and supply chain activities were resumed. In India, most academic institutions are offering classes and courses online, which has increased the demand for smart devices and associated accessories, such as HDMI cables. Some of the HDMI manufacturers have recently launched new variants in the country, which is expected to boost the growth of the regional HDMI cable market during the forecast period.
The HDMI cable market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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HDMI Cable Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
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Market growth 2023-2027 |
USD 811.02 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.35 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 64% |
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Key countries |
US, China, Japan, Germany, and the UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amphenol Communications Solutions, Aten International Co. Ltd., Belkin International Inc., Best Buy Co. Inc., Broadcom Inc., Ce Link, Cheng Uei Precision Industry Co. Ltd., Dell Technologies Inc., Eaton Corp. Plc, Hitachi Ltd., Honeywell International Inc., Intel Corp., Kramer Electronics Ltd., Molex LLC, Nordost, Panasonic Holdings Corp., RGB Systems Inc., Sony Group Corp., Tragant Handels und Beteiligungs GmbH Co., and Koninklijke Philips N.V. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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