The HDMI cable market size is expected to grow from US$ 3.12 billion in 2023 to US$ 4.47 billion by 2031 it is anticipated to expand at a CAGR of 4.6% from 2023 to 2031. The advancements in HDMI cable technology are likely to remain key HDMI cable market trends.
HDMI Cable Market Analysis
The increasing use of audio and video devices, such as televisions, gaming consoles, and audio players, is a major driver for the HDMI cable market. The demand for HDMI cables is directly linked to the need for connecting these devices and ensuring high-quality audio and video transmission.
HDMI Cable Market Overview
HDMI, which stands for High-Definition Multimedia Interface, is a widely used cable for transmitting high-definition audio and video signals between devices. It is commonly used in display controllers, computer monitors, digital televisions, and other audiovisual (AV) equipment in both commercial and residential settings.
Moreover, In the business and institutional sectors, HDMI has become the standard for transmitting high-quality audio and video signals between devices. It is widely used in education, presentations, digital signage, and retail displays. HDMI is also increasingly available on laptops and personal computers, further solidifying its position as the preferred interface for corporate and commercial markets.
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HDMI Cable Market: Strategic Insights
Market Size Value in US$ 2,436.0 Million in 2017 Market Size Value by US$ 3,613.9 Million by 2025 Growth rate CAGR of 5.3% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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HDMI Cable Market: Strategic Insights
| Market Size Value in | US$ 2,436.0 Million in 2017 |
| Market Size Value by | US$ 3,613.9 Million by 2025 |
| Growth rate | CAGR of 5.3% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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HDMI Cable Market Drivers and Opportunities
Surge in Usage of Audio Video Devices to Favor Market
The utilization of audio-video multimedia devices featuring HDMI connections has experienced a significant surge. This growth can be attributed to the increasing adoption of modern technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI), which have led to a higher demand for audio-video equipment like home theatre systems equipped with HDMI ports. These systems often integrate AI software like Alexa and Google Assistant, providing built-in intelligence and convenience to consumers. Consequently, the residential market is expected to witness a notable increase in demand for HDMI cables. This demand is further fuelled by the prevalence of multimedia equipment such as DVD players and music systems, which require connectors for seamless integration with video panels and vice versa. Notably, the Bose Lifetime 650 Home Entertainment System relies on HDMI cables for AV I/O support.
Increase in Demand for 4K/UHD Televisions
The decreasing costs of televisions due to advancements in display technology have attracted a large consumer base from middle-income groups. As a result, there has been a significant increase in the adoption of 4K or Ultra High-Definition TVs in residential settings. These TVs offer multiple HDMI ports that support high transfer rates, allowing users to connect various entertainment systems such as gaming consoles and home theatre systems. The availability of features like 4 HDMI inputs, HDCP2.3, HDMI-CEC, and HDMI audio return channel (ARC) further enhances the demand for HDMI cables. This trend is driven by the advancement of TVs and the provision of multiple HDMI ports, which cater to the growing needs of consumers in the residential sector.
HDMI Cable Market Report Segmentation Analysis
Key segments that contributed to the derivation of the HDMI Cable Market analysis are type, grade, and application.
- Based on type, the market is divided into Standard HDMI Cable, Standard HDMI Cable with Ethernet, High-Speed HDMI Cable, and High-Speed HDMI Cable with Ethernet. The Standard HDMI Cable segment held a larger market share in 2023.
- Based on grade, the market is divided into HDMI 1.4, HDMI 2.0, and HDMI 2.1. The HDMI 2.0 segment held a larger market share in 2023.
- In terms of applications, the market is bifurcated into gaming consoles, players & TVs, mobile phones, personal computers & tablets, and automotive systems. The gaming consoles segment held a larger market share in 2023.
HDMI Cable Market Share Analysis by Geography
The geographic scope of the HDMI Cable market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the HDMI Cable market in 2023. The development of multimedia and audio/video devices has resulted in an increase in HDMI cable adoption in North America, particularly in the US. Advancements in display technology are projected to increase the market share of HDMI cables. The exponential rise of the Internet in North America has raised the demand for HDMI cables for signal transmission. Advances in display devices have sparked a new trend, such as HDMI cables for 4K, 8K, and other resolutions. North America considerably contributes to the growth of the HDMI cable industry. According to a poll conducted in North America by eShopWorld, an Irish-based company known for the expansion of the e-commerce market, more than 84% of customers.
HDMI Cable Market Report Scope
HDMI Cable Market News and Recent Developments
The HDMI Cable market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In December 2022, ATEN Advanced, the industry-leading provider of AV/IT connectivity and administration solutions, unveiled the CS22HF 2-Port USB FHD HDMI Cable KVM switch, designed to enhance workflow efficiency. The CS22HF allows for seamless switching between two computers with the press of a button. To control both computers, users only need to configure a desktop console with a single mouse, keyboard, and display, utilizing USB and HDMI connections.
(Source: ATEN Advance, Press Release, 2022)
- In November 2022, Pure-Fi, a leading provider of premium connectivity solutions for the professional audiovisual (Pro A/V) market, introduced its new Ultra-High-Speed HDMI Active Optical Cable (AOC). This innovative cable is designed to support HDMI 2.1a features, including the transmission of 8K video content at 60 Hz over extended distances. The Ultra-High-Speed HDMI AOC is specifically tailored for Pro A/V use and is ideally suited for digital signage applications.
(Source: Pure-Fi, Press Release, 2022)
HDMI Cable Market Report Coverage and Deliverables
The "HDMI Cable Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Grade ; & Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The HDMI Cable market size is expected to grow from US$ 3.12 billion in 2023 to US$ 4.47 billion by 2031; it is anticipated to expand at a CAGR of 4.6% from 2024 to 2031.
The surge in usage of audio video devices is a driving are among the major factors that propel the global HDMI Cable market.
The advancements in HDMI cable technology is anticipated to play a significant role in the global HDMI Cable Market in the coming years.
The global HDMI Cable market is expected to reach US$ 4.47 billion by 2031.
The key players holding the majority of shares in the global HDMI Cable market are Belkin International, Pure-Fi, Sony Corporation, Hitachi, and Kramer Electronics Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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