HDMI Cable Market to Garner $3.87 Billion, at 4.5% CAGR, by 2026, Globally: Allied Market Research
The growth of the global HDMI cable market is driven by surge in usage of audio video devices and increase in demand for 4K/UHD televisions.
Wilmington, Delaware , Nov. 07, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “HDMI Cable Market By Type (Standard HDMI Cable and High Speed HDMI Cable) Grade (HDMI 1.4, HDMI 2.0 and HDMI 2.1), and Application (Gaming Console, TV, Mobile Phone, Automotive System and Personal Computer & Tablet): Global Opportunity Analysis and Industry Forecast, 2019-2026.“According to the report, the global HDMI cable industry was valued at $2.47 billion in 2018, and is expected to generate $3.87 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026.
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Report Coverage & Details:
|Market Size in 2018||$2.47 billion|
|Market Size in 2026||$3.87 billion|
|No. of Pages in Report||230|
|Segments covered||Type, Grade, Application, and Region|
|Drivers||Surge in usage of audio video devices Increase in demand for 4K/UHD televisions|
|Opportunities||Advancement in HDMI Cable for higher bandwidth applications coupled with display technology Enhancement of multimedia and entertainment industry in emerging economies|
|Restraints||High installation cost and limited physical availability for devices|
Drivers, Restraints and Opportunities
The growth of the global HDMI cable market is driven by surge in usage of audio video devices and increase in demand for 4K/UHD televisions. However, advancements in HDMI cables for higher bandwidth applications and rapid development of the multimedia & entertainment industry in emerging economies are anticipated to create lucrative opportunities in the near future. On the other hand, high installation cost and limited physical availability for devices restrain the growth to some extent.
The Gaming Consoles Segment to Rule the Roost
On the basis of application, the gaming consoles segment accounted for nearly two-fifths of the global HDMI cable market revenue in 2018, and is registered to lead the trail from 2019 to 2026. The same segment would also witness the fastest CAGR of 6.0% by 2026, owing to an increase in demand for both content and PC services in cloud gaming platforms.
The Standard HDMI Cable Segment to Dominate By 2026
On the basis of type, the standard HDMI cable segment accounted for more than half of the global HDMI cable industry share in 2018, and is projected to dominate by the end of 2026. This is due to the wide usage of home applications such as televisions and other home entertainment systems. However, the high speed HDMI cable would grow at the fastest CAGR of 5.8% throughout the forecast period. The fact that it makes use of copper wire to ensure improved image clarity drives the segment.
Asia-Pacific to Remain Lucrative in terms of Revenue
Region-wise, Asia-Pacific held the major share in 2018, holding more than two-fifths of the global HDMI cable market. The same region would also manifest the fastest CAGR of 6.1% till 2026. Numerous factors like huge population base, advancements in multimedia devices like home theaters, projectors, and other display devices, and a rise in purchasing capacity of individuals have led to adoption of HDMI cables in the region.
Frontrunners in the Industry
- Koninklijke Philips N.V.
- Hitachi Ltd.
- LLC, Nordost
- Panasonic Corporation
- Kramer Electronics Ltd.
- Amphenol Corporation
- Sony Corporation
- Foxconn Technology Group
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Key Benefits For Stakeholders:
- As per the HDMI cable market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the HDMI cable market analysis from 2022 to 2032 to identify the prevailing HDMI cable market opportunities.
- The HDMI cable Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the HDMI cable market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global HDMI cable market trends, key players, market segments, application areas, and HDMI cable Market growth strategies.
HDMI Cable Key Segments:
- Standard HDMI Cable
- High Speed HDMI Cable
- HDMI 1.4
- HDMI 2.0
- HDMI 2.1
- Gaming Consoles
- Mobile Phones
- Automotive Systems
- Personal computers & Tablets
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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