HDMI Cable Market Size, Share, Growth, and Industry Analysis by Type (A Type Cable, B Type Cable, C Type Cable, D Type Cable, E Type Cable), by Application (Mobile Phones, Gaming Consoles, Players & TVs, Automotive Systems, Cameras and Camcorders, Personal Computers & Tablet Computers, Other), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

HDMI CABLE MARKET REPORT OVERVIEW

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The global HDMI cable market size was USD 2080 million in 2019 and the market is projected to touch USD 2790.7 million by 2026, exhibiting a CAGR of 4.2% during the forecast period.

HDMI cable is used to establish transmission lines with copper cables for transmitting data and compressed or uncompressed digital audio data from an HDMI-compliant source device. HDMI combines video and audio interfaces into one connection, which simplifies the installation process of a home-entertainment systems. HDMI cables are used for gaming purpose for their higher bandwidth and data transfer rate.

The HDMI cables are widely used in various residential and commercial applications, where reliability of the connection is of pivotal importance. In the commercial sector, HDMI cables are used for better viewing application on large displays. The emergence of wireless technology did not impact the sale of HDMI cables in the commercial sector due to its higher reliability. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

HDMI CABLE MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into A type cable, B type cable, C type cable, D type cable, E type cable

A type cable will capture the maximum market share through forecast period.  

A type cable – A type of cable is an electrical cable, which is used for a wide range of applications, from power transmission to data transmission. Common types of cables include coaxial, twisted pair, and fiber optic cables. 

B type cable- B type cable is a type of cable that is used to connect devices to a computer's USB port. It is a shielded, two-wire cable with a male Type-B connector on one end and a female Type-A connector on the other. 

C type cable – C-type cable is a type of coaxial cable. It is commonly used for carrying analog audio and video signals. It is typically used to connect components such as TVs, DVD players, and VCRs.

D type cable – D type cable is a type of cable used to connect computers and other digital devices, such as printers and scanners, to each other. It is typically used in the form of a serial or parallel port connection and is most commonly used for connecting PCs to peripheral devices. 

E type cable- E type cable is a type of electrical cable used in the telecommunications and computer industries. It is a two-conductor cable that is typically used to connect computers, modems, and other devices. E Type Cable is commonly used for networking and telecommunications applications. 

• By Application Analysis

According to application, the market can be segmented into mobile phones, gaming consoles, players & TVs, automotive systems, cameras and camcorders, personal computers & tablet computers, other

HDMI cable market players cover segment as mobile phones will dominate the market share during forecast period.

Mobile phones – This includes smartphones that use Micro HDMI (D Type) or Mini HDMI (C Type) for video output.

Gaming consoles - Standard HDMI (A Type) cables are widely used to connect consoles to TVs or monitors.

Players & TVs - Blu-ray players, DVD players, and TVs primarily use A Type HDMI cables for high-definition audio and video transmission.

Automotive systems - E type HDMI cables are used in vehicle infotainment and navigation systems.

Cameras and camcorders – These devices often use mini HDMI (C Type) or micro HDMI (D Type) cables for connecting to displays or transferring video.

Personal computers & tablet computers - PCs and tablets use a range of HDMI cables, including standard, mini, and micro, depending on the device's design and port availability.

Other - This include a variety of applications like home theatre systems, projectors, and professional audio & video equipment.

DRIVING FACTORS

"High Demand for High-Quality Audio and Video Transmission To Boost The Market Growth"

As consumers seek enhanced audio-visual experiences, the demand for HDMI cables, known for their ability to transmit high-definition audio and video, grows. 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. 

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the HDMI cable market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Advancement of HDMI cables with the innovation of multimedia technology is expected to increase its demand in the global market.

RESTRAINING FACTOR

"High Cost To Hamper The Market Growth"

Copper cables require proper installation and various connectors and switches for connecting several devices. This process increases the overall installation cost of the system. Technical difficulties will reduce the industry revenue.

HDMI CABLE MARKET REGIONAL INSIGHTS

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The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

"Asia Pacific to Dominate the Market Due To Increasing Demand For High-Speed Data"

Asia Pacific is further expected to witness growth in the HDMI cable market share. The region is dominating the market due to the increasing demand for high-speed data. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Monster (U.S.)
• Insignia (U.S.)
• Dynex (U.K.)
• Panasonic (Japan)
• Sony (Japan)

INDUSTRIAL DEVELOPMENT

January 2022: The HDMI Forum announced a new standard called HDMI 2.1a, which has the Source-Based Tone Mapping (SBTM) feature. SBTM offloads HDR tone mapping from the TV to the player, or more precisely, the source of HDR content. Tone mapping can be handled by users rather than the television, if users have a Blu-ray player or a laptop connected to their TV and playing HDR content.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.