Audio Cable Market Size, Share, Growth, and Industry Growth by Type (Analog Audio Cable and Digital Audio Cable) By End Users (Home Use and Professional Use) Regional Forecast To 2028

Updated On: 13 March 2023

REPORT OVERVIEW

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The global audio cable market size is estimated to be USD 831.4 million in 2022 and the market is projected to touch USD 1199.5 million by 2028, with a growing CAGR of 6.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with audio cable experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

An audio cable is a critical component of a musical setup. It is a cable that is used for transferal digital or analog signals from an audio source to a powered or amplifier speaker. The cable ensures that the signal passes from one source to another effectively. It usually connects a stereo receiver with other equipment such as musical instruments, TV, stereo system, and other equipment.

High demand for musical setups is anticipated to surge market growth. Growth in the music industries is estimated to expand market growth. Rising music festivals and music concerts are projected to drive market growth. Further, growing development in technology and adoption of wireless information technology is estimated to provide lucrative opportunities for the development of the market. Rapid technological advancement is predicted to fuel market expansion. Growing advancement in multimedia is estimated to expand market progress. Extensive usage of audio video devices in different application is likely to aid market growth. However, different lengths and thicknesses of the cable and also different cable shots. These factors are expected to limit market growth in the upcoming years.

COVID-19 Impact: Increasing Digitalization to Fuel Market Growth During the Pandemic

The global effects of the COVID-19 pandemic affected various businesses. The outbreak of pandemic showed positive growth in the market. Growing demand for digitalization and extensive need for video conferencing, and increasing business meeting fuel market growth. Growth in electronic devices during pandemic surge market expansion.

However, the production activities and sales channels were significantly disrupted. Fluctuation of raw material prices hampered market growth.  

LATEST TRENDS

"Growing Demand from Music Industries to Incite Market Expansion"

Increasing demand for cable in the music industry is estimated to surge market growth. The cable is used to transfer digital or analog signals from an audio source to a powered or amplifier speaker. It is connected to any source, such as a microphone or stereo, to output, such as speakers or an audio mixer. The product has longevity and helps to improve audio quality. High demand for the cables among musicians is predicted to surge market growth. Further, growing music festivals and music concerts globally are expected to witness lucrative opportunities for the market growth. Increasing technology adoption in the music industry, along with the demand for sound engineering, is anticipated to expand audio cable market growth in the upcoming years.

SEGMENTATION

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• By Type

Based on type, the market is divided analog audio cable and digital audio cable.

Analog audio cable is expected to be the leading part of the segmentation type.

• By End Users

Based on the application, the market is divided into home use and professional use.

Professional use is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increasing Demand for Analog Audio Cable to Foster Market Growth"

Growing adoption of the cable by professionals is estimated to surge market growth. The cable is used in a number of applications such as pro audio mixing boards that are used by DJs. Further, it is used in home theater and other use by professionals in music industry. It can be connected to smart phones and can be used for multiple purposes such as listing to music, attending calls and others. The cable has a simple design and is easy to use. The cables are available in different size according to usage. Broad cable sizes are used in computer and help to connect with the speakers. The cable type is more immune to noise. Such advantages of the cable are predicted to propel audio cable market growth in the upcoming years.

"Broad Adoption of Digital Audio Cable to Incite Market Progress"

The cable is extensively used for transmitting sounds from device to device or app to app. High demand for recording in music industry and increasing adoption of the personal computer for business, school, and home usage are anticipated to surge market growth. High quality for audio in entertainment industry is responsible for boosting product demand. Increasing demand theater and high demand for high quality music systems in the movie theater are predicted to surge market growth. The product as compact design which helps to fuel storage. The cable is a good value for money. Such advantages of the equipment are estimated to expand market growth in the upcoming years. Growing adoption of small multimedia devices is surging audio cable market opportunity.

RESTRAINING FACTORS

"Variation in Cable Shot to Hamper Market Growth"

Different lengths and thickness of the cable and also other cable shot. These factors are expected to limit market growth in the upcoming years. The cables can be easily damaged, and mandatory to carry an extra piece of equipment to plugged the device in, is estimated to hamper market progress.

REGIONAL INSIGHTS

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"Growing Usage of Audio Video Devices in Asia Pacific to Drive Market Share"

Asia Pacific is projected to hold the largest account in the audio cable market share due to growing usage of audio video devices. Rising penetration of miniature multimedia devices is predicted to fuel market expansion. Increase purchasing capacity and a considerable consumer base are predicted to fuel market growth in the upcoming years. Growing advancement in multimedia is estimated to expand market progress. Growth in music industries is estimated to expand market growth. Rising music festivals and music concerts are projected to drive market growth. Further, growing development in technology and adoption of wireless information technology is estimated to provide lucrative opportunities for the development of the market.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Shenzhen Choseal (China)
• UGREEN (China)
• BELKIN (U.S.)
• PHILIPS (Netherlands) 
• Edifier (China)
• VENTION (Canada)
• CE-LINK (China)
• Nordost (U.S.)
• Better Cables (U.S.)
• Dongguan Taitron Electronic Limited (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.