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The HDMI cable market size is forecast to increase by USD 842.8 million, at a CAGR of 4.78% between 2023 and 2028. Market growth hinges on various factors. Firstly, the rising prevalence of smart devices contributes significantly, to driving the demand for such cables. Secondly, the surge in gaming activities utilizing HDMI cables further fuels market expansion. Moreover, the adoption of augmented reality (AR) and virtual reality (VR) applications, alongside the increasing display of 4K content on televisions, boosts the need for HDMI connectivity solutions. Lastly, the preference for cost-effective cables amplifies their usage across various sectors. As these trends persist, the market is poised for substantial growth. Leveraging the increasing integration of smart technologies and the growing demand for high-definition content consumption, manufacturers and suppliers are poised to capitalize on the expanding market opportunities. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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HDMI cables are essential components for transmitting high-quality audio-video signals in various settings. Utilizing copper transmission lines or fiber-optic cables, HDMI facilitates the transfer of compressed or uncompressed digital audio data from a source device to display units like digital televisions and computer monitors. The versatility of HDMI supports multiple audio interfaces and can operate in electrical, optical, or digital modes, ensuring compatibility across different devices. With the increasing demand for home entertainment systems and gaming industry setups, the market continues to expand, catering to business and institutional sectors, laptops, personal computers, educational devices, and digital signage, offering reliable data transmission speed and bandwidth for seamless multimedia experiences.
The increasing penetration of smart devices is driving growth in the market. The increased use of smart devices is having a strong impact on the 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.
Moreover, 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, which in turn will increase the growth of the 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 market during the forecast period.
Increased preference for coaxial cables is a major challenge in the 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 forecasting 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 market growth and forecasting strategies.
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.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 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 segment 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 1.48 billion in 2018. 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, the standard segment still exists owing to their capability and lower price.
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APAC is estimated to contribute 66% 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 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 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 market in the region.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is pivotal in connecting a vast array of AV devices, from DVD players to gaming consoles, ensuring high-speed data transmission rates essential for audio-video multimedia devices. With the rise of 4K or Ultra High-Definition TVs and Dolby Atmos technology, demand for HDMI cables with Ultra High Speed capabilities is soaring. This market caters not only to home theater systems but also to retail displays and automotive systems, reflecting its wide-ranging utility in modern display technology across various sectors. Further, the market serves as the backbone for seamless connectivity across various platforms, catering to gaming purposes, music systems, and AV systems alike.
Additionally, with the advent of IoT and AI, HDMI cables facilitate data transmission between mobile phones, tablets, and other wireless technology devices, ensuring optimal performance in audio-video streaming. Enhanced transfer rates and Refresh rates meet the demands of the dynamic media and entertainment industry, including Cable TV networks and LED monitors. As e-commerce continues to thrive, HDMI cables remain indispensable components for e-commerce markets, powering connectivity in desktop & handheld devices and audio & video players while leveraging bandwidth availability and DTS:X technology for immersive experiences.
Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.78% |
Market growth 2024-2028 |
USD 842.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.48 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 66% |
Key countries |
China, US, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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., Koninklijke Philips N.V., Kramer Electronics Ltd., Molex LLC, Nordost, Panasonic Holdings Corp., RGB Systems Inc., Sony Group Corp., and Tragant Handels und Beteiligungs GmbH Co. |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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