Global HDMI Cable Market by Type (Standard, High Speed & Ultra High Speed), By Length (Less than 25 ft, 25-50 ft and Above 50 ft), By Grade (HDMI 1.4, HDMI 2.0 and HDMI 2.1), By Application (Gaming Consoles, Audio & Video Players, Televisions, Automotive Systems, Desktop & handheld devices & Others) and by Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2030
Industry Perspective
HDMI Cable Market size was worth around USD 2.93 billion in 2021 and is predicted to grow around USD 5.47 billion by 2030 with a compound annual growth rate of roughly 8.1% between 2022 and 2030. The report analyzes the market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the market.
Market Overview
The High-Definition Multimedia Interface (HDMI) is a connector that integrates video and audio interfaces into a single connection. This makes the length of installing home entertainment systems simpler. The major features such as greater bandwidth and data transfer rate, HDMI cables are frequently utilized in the gaming industry. Additionally, it is anticipated that the increased usage of multimedia devices in family settings would lead to an increase in demand for HDMI cables.
Display controllers, digital televisions, computer monitors, and other electronic devices all make use of High Definition Multimedia Interface (HDMI) cables and connectors. In order to construct transmission lines with copper cables, HDMI cable is utilized. These transmission lines are then used to send data as well as compressed or uncompressed digital audio data from a source device that is HDMI-compliant.
Increasing use of audio/video devices, increased demand for Ultra High Definition (UHD) televisions, innovations in HDMI cables for greater bandwidth applications, and improvements in display technology are anticipated to fuel market revenue growth. The expansion of the media & entertainment business in emerging nations is anticipated to contribute to the expansion of the market's revenue, as the entertainment industry invests extensively in enhancing screen view ability and is driving up demand for high-speed HDMI connections.
Key Insights
- As per the analysis shared by our analyst team, the global HDMI cable market is estimated to grow annually at a CAGR of around 8.1% over the forecast period (2022-2030).
- In terms of revenue, the global HDMI cable market size was valued at around USD 2.93 billion in 2021 and is projected to reach USD 5.47 billion, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type, the standard segment was predicted to show maximum market share in the year 2021.
- Based on length, the less than 25 ft segment was the leading revenue-generating type in 2021.
- On the basis of grade, the HDMI 2.0 segment was projected to show largest share in the year 2021.
- On the basis of application, the audio & video players segment was dominating the market share in the year 2021.
- On the basis of distribution channel, the offline segment was projected the market share in the year 2021.
- On the basis of region, North America were the leading revenue generator in 2021.
Increasing Demand for Multimedia Technologies to Propel the Market Growth
The demand for HDMI cables would increase in the market as a result of the progression of and the innovation of multimedia technologies. In addition, the development of the multimedia and entertainment business around the globe, which includes the provision of regional languages, encourages greater cable network subscription rates in the market. This is ultimately what drives the industry, as the use of HDMI cables is required in order to connect to a network via cable.
Increasing Adoption of Devices Supporting HDMI Augmenting the Market Growth
The rapid adoption of HDMI-enabled gadgets and devices is driving the market growth. HDMI cables permit the transmission of high-definition multimedia to television screens, significantly boosting the viewing experience on 4K televisions. HDMI connections can transmit a CEC signal, a video signal, and up to 8 channels of audio signals through a single connector.
Technological Advancements for High data Transmission to Pose Market Opportunities
The increasing need for high data transmission speeds and ongoing technical improvements, market participants in the cables and wires business are focusing on offering a varied selection of products. Presently, more efficient cables are being utilized for data transmission, as indicated by the growing demand for fiber-optic cables over copper cables. Several parameters, including bandwidth, data transmission speed, distance range, and impact of power loss.
Segmentation Analysis
Based on offering, the global market is segmented into standard, high speed, and ultra-high speeds. The standard segment dominates the HDMI cable market share. Standard HDMI cables have been certified to transmit 1080i or 720p video successfully and are meant to support older consumer applications.
Despite the fact that the vast majority of these cables have been replaced by high-speed HDMI cables, regular HDMI cables are still significant due to their interoperability and many other applications. In emerging economies, standard HDMI cables are still utilized in audio systems and the majority of televisions, and are seen as a very practical and inexpensive alternative.
Based on grade, the HDMI 2.0 segment is dominating the market share owing to the development of HDMI cable, which is currently at the version 2.0 stage. This version offers improved bandwidth of up to 24Gbps and is capable of deliver resolutions of up to 4K. HDMI 2.0 supports increased refresh rates and higher resolutions including 4K and 8K @ 120 Hz.
On the basis of application, the market is categorized into gaming consoles, audio & video players, televisions, automotive systems, desktop & handheld devices & others. The audio & video players segment is dominating the market share. HDMI offers lossless transmission and better video quality in low-light circumstances at higher resolutions, resulting in far superior video quality compared to its analog predecessors because no conversion is necessary.
Additionally, contrasts are increased and details are presented more clearly in this system. These factors are anticipated to promote the use of HDMI cables in audio players and televisions, driving the segment's revenue growth.
On the basis of distribution channel, the market is categorized into offline and online. The offline segment is dominating the market share owing to the easy availability and wide variety under one roof. Customers prefer offline more because of the product's quality check.
Recent Development
January 2022- Extron has launched advanced switchers by introduced support of 4K/60 port for scaling HDMI ports to deliver better customer experience.
November 2020- Belkin has achieved Ultra High Speed Certification for its range of currently available HDMI cables recognized by HDMI Forum, ensuring consumers that their HDMI connections are future-ready as 4K content becomes more prevalent and 8K content continues to emerge.
Regional Landscape
Asia-Pacific is Dominating the Market Share Due to Increasing Demand from Large Population
Asia-Pacific is dominating the HDMI cable market share owing to quickly switching from RCA (Radio Corporation of America) phono connectors to high-speed HDMI cables for its audio/visual needs. This is one of the primary elements fueling the expansion of the business in the region.
The expansion of the HDMI cables market in Asia-Pacific is anticipated to be driven by an increase in population as well as a rise in demand for HD TV displays with enhanced gaming experiences in a number of nations. Moreover, an increase in disposable income and a rise in living standards enable clients in the region to invest in modern technologies.
Competitive Landscape
The players contributing in the HDMI cable Industry including Amphenol Corporation, Tragant Handels- und Beteiligungs GmbH (Delock), Panasonic Corporation, Belkin International, Inc., Koninklijke Philips N.V., Eaton, Cheng Uei Precision Industry Co., Ltd., Honeywell International Inc., Dell Inc., Sony, Hitachi Ltd., Nordost, Ce-Link, Kramer, ATEN INTERNATIONAL Co., Ltd., Extron amongst others.
The global HDMI Cable market is segmented as follows:
By Type
- Standard
- High Speed
- Ultra High Speed
By Length
- Less than 25 ft
- 25-50 ft
- Above 50 ft
By Grade
- HDMI 1.4
- HDMI 2.0
- HDMI 2.1
By Application
- Gaming Consoles
- Audio & Video Players
- Televisions
- Automotive Systems
- Desktop & handheld devices
- Others
By Distribution Channel
- Offline
- Online
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Global HDMI Cable Market by Type
- October-2022
- 1 4 8
- Global
- semiconductor-electronics
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