USD 1.3 Billion
Global HDMI Cable Market Size, Share, Growth Analysis, By Grades(HDMI 1.4, HDMI 2.0), By End-use(Gaming Consoles, Audio Players & TVs), By Type(Standard HDMI Cables and High-speed HDMI Cables) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2255 |
Region:
Global |
Published Date: April, 2024
Pages:
194
|
Tables:
90 |
Figures:
70
Global HDMI Cable Market Insights
Global HDMI Cable Market size was valued at USD 1.3 Billion in 2022 and is poised to grow from USD 3.08 Billion in 2023 to USD 4.38 Billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
High-Definition Multimedia Interface (HDMI) is used in display controllers, computer monitors, digital televisions and more. The HDMI cable is used to connect copper cables to transmit data to compress data from a device from an HDMI compatible source. HDMI combines video and audio networks in a single connection, simplifying the installation of home entertainment systems. HDMI cables are used for gaming due to its high bandwidth and data transfer rate. Furthermore, the increasing use of multimedia devices in homes is expected to drive the demand for HDMI cables.
Currently HDMI cable industry version 2.0a and version 2.0b are dominantly used in the market and have the largest market share. HDMI cable version 2.1 is expected to gain significant momentum during the forecast period. This is due to improvements in the HDMI cable, which is version 2.1, which offers better bandwidth up to 48Gbps and can deliver resolutions up to 10K. Thus, the growth of HDMI cables driven by innovations in multimedia technology is expected to increase its demand in the global market. Moreover, emerging multimedia and entertainment industry across the globe, offering regional languages, promote higher cable network subscription in the HDMI cable market this ultimately drives the market, since network cable connectivity requires HDMI cables are used.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Standard HDMI Cables
Fastest Growth
High-speed HDMI Cables
Growth Rate
4.5% CAGR
Global HDMI Cable Market ($ Bn)
Country Share for North America Region (%)
Global HDMI Cable Market By Type ($ Bn)
Global HDMI Cable Market By Type (%)
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Global HDMI Cable Market Segmental Analysis
Based on grades, the global HDMI cables market is segmented into HDMI 1.4, HDMI 2.0, and HDMI 2.1. Based on end-use, the global HDMI cables market is segmented into gaming consoles, audio players & TVs, mobile phones, automotive systems, and personal computers & tablets. Based on type, the global HDMI cables market is segmented into standard HDMI cables and high-speed HDMI cables. By region, the study provides market insights into APAC, North America, Europe, South America, and the Middle East and Africa.
Analysis by Grade
HDMI 1.4 is the dominating segment in the market which offers support for 4096x2160 resolutions at 24 Hz, 3840x 2160 at 24, 25, 30 Hz, 1920x1080 resolutions at 120 Hz, and maintains the bandwidth of previous versions and is a key player in the global HDMI cable market, and the market during the forecast period. Establishes itself as a key contributor to revenue growth is expected to maintain, mainly due to its relevance but the introduction of new 2.1 grade HDMI cables will reduce the requirement for HDMI 1.4.
HDMI 2.1 version cables are expected to grow in the market and are more powerful, as they offer higher resolution and refresh rate, they now support 4K 120 Hz and 8K 120 Hz resolutions in this version. Ultra-high speed HDMI cables are backwards compatible with older HDMI devices, while older cables are later. Compatible with newer HDMI 2.1 devices is, although only new cables support full 48 Gbit/s bandwidth, HDMI cables must be constantly improved to keep up with other technological advances, for example the improved data transfer speeds and high-quality display panels, requiring compatible HDMI cables. This interconnection between other services in HDMI cable Is expected to improve and provide them demand has increased. The development of more powerful PCs, combined with powerful graphics processing units (GPUs) that offer higher resolutions and refresh rates, have allowed them to keep pace with other technological advances, including HDMI.
Analysis by Type
The standard HDMI cable segment dominates the global market and is expected to grow at a CAGR of 3.1% during the forecast period. Standard HDMI cables can handle most home applications, including TV and computer monitors, as well as home entertainment systems for connecting video projectors. It has also been shown to deliver HD content in either 1080i or 720p resolution, which is commonly used to upgrade DVD players, digital broadcast HD, cable and satellite television The standard HDMI section is further subdivided into HDMI cables with Standard Ethernet and HDMI cables not available in Ethernet. In addition, HDMI is a "future-proof" foundation for transferring high-definition video and multichannel audio between a variety of audio, video and computing products.
High-speed HDMI is expected to be fastest growing segment. It include cables with the bandwidth to handle 1080p and higher resolutions. High-speed HDMI cables in Ethernet and non-Ethernet versions. The high-speed HDMI segment is further divided into high-speed HDMI cables with Ethernet and high-speed HDMI cables without Ethernet. HDMI Licensing, LLC, the agent appointed by the HDMI Forum to license various HDMI cables based on their specifications. This organization tests cables based on speed, thus increasing product accuracy. Due to this standard, end users can easily trust the products. As the cost of high-speed HDMI cables is high, these standards help increase the accuracy of the product, and are expected to be one of the factors driving the growth of this segment of HDMI cables.
Global HDMI Cable Market By Type (%), 2023 (%)
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Global HDMI Cable Market Regional Insights
North America dominated the global market. The U.S. has seen a surge in adoption of HDMI cables due to the rise of multimedia and audio/video devices. Advances in display technology are expected to boost the market share of HDMI cables. With the exponential growth of the Internet in North America, more computers and display devices such as LED monitors and display panels have increased the demand for HDMI cables for signal transmission. Advances in display devices a new trend, such as HDMI cables for use in 4K, 8K, etc. North America contributes significantly to the growth of the HDMI cable market According to a survey in North America by eShopWorld, an Irish-based company famous for the growth of the e-commerce market, more than 84% of the customer.
Asia-Pacific accounts for the largest share of the global HDMI cable market and is expected to exhibit a CAGR of 5.9% during the forecast period. Asia Pacific is researched in China, Japan, India, South Korea, and all other Asia Pacific countries. Digital multimedia devices have been on the rise in emerging Asia Pacific economies such as India and China. As a result, there is an increasing need for HDMI cables in home applications. Even though the availability of the largest population has led to a dramatic rise in the number of TVs and other multimedia devices such as home theaters, projectors and projectors, growth a result in these multi-display devices and increased purchasing power have led to increased adoption in Asia Pacific. Similarly, high population density is a key factor in the growth of the HDMI industry in Asia-Pacific, where these cables are needed to connect residential audio and video devices.
Global HDMI Cable Market By Geography, 2024-2031
- Largest
- Fastest
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Global HDMI Cable Market Dynamics
Drivers
Increase in Use of Audio/Video Equipment
- There has been an increase in audio, video and multimedia electronics with ports for HDMI for hosted connections. Latest technologies such as IoT and AI have led to demand for audio devices such as home theater systems, which offer HDMI ports. For example, home theater systems integrated with artificial intelligence software such as Alexa and Google Assistant provide embedded intelligence and consumer convenience. This is expected to boost the demand for HDMI cables in the residential segment during the forecast period. Also, multimedia devices such as DVD players, music systems for ports to connect to video panels and vice versa, increasing the demand for HDMI cables for example, the lifetime 650 Home Entertainment System that Bose does deliver speaker cables are used, and HDMI cables for support.
Advances in HDMI Cable for High Bandwidth Applications Combined with Display Technology
- The most common versions of HDMI are HDMI 2.0a and HDMI 2.0b. The port is high quality HDMI 2.0, which provides advanced display technology called High Dynamic Range. In addition, the launch of HDMI 2.1 version will boost HDMI cables in the market due to their higher capacity for data transfer rate and improved bandwidth offered compared to versions currently used by HDMI 2.1 provides refresh rates that support resolutions of up to 10K and up to 48Gbps.
Restraints
High Installation Costs and Limited Physical Resources
- Copper cables require proper installation and connectors and switches to connect multiple devices. This process increases the overall cost of installing the system. Additionally, copper cable communication systems depend on the length of the cable and cannot support all types of portable devices. These factors restrict the growth of the market. However, technological developments are expected to reduce the impact of these factors.
High Cost of HDMI Cables
- HDMI cables must be properly placed and equipped with a variety of connectors and switches to connect more devices, increasing overall system installation Moreover, HDMI cable connection systems are limited by cable length in and may not support all types of portable devices. Furthermore, latency issues associated with multiple connections using HDMI cables, as well as connectivity issues arising during further expansion of the cable could restrict the revenues in the global market.
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Global HDMI Cable Market Competitive Landscape
The competitive environment of the Global HDMI Cable Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Key players in the HDMI cable industry ecosystem include Amphenol Corporation, Panasonic Corporation, Koninklijke Philips N.V., Foxconn Technology Group, Sony Corporation, Hitachi Ltd., Molex, LLC,Nordost, Ce-Link, and Kramer Electronics Ltd. These key players have adopted strategies such as product expansion, mergers and acquisitions, alliances, geographic expansion and joint ventures to increase their market share.
Top Player’s Company Profiles
- Aten International Co. Ltd.
- Belkin International Inc.
- Best Buy Co. Inc.
- Broadcom Inc.
- Ce Link
- Cheng Uei Precision Industry Co. Ltd.
- Dell Technologies Inc.
- Eaton Corp. Plc
- Hitachi Ltd.
- Honeywell International Inc.
- Intel Corp.
- Kramer Electronics Ltd.
- Molex LLC
- Nordost
Recent Developments
- In December 2022, ATEN Advance, the leading provider of AV/IT communication and business solutions, introduced the CS22HF 2-Port USB FHD HDMI Cable KVM switch for a flexible workflow Switching between two computers with the CS22HF is as simple as a button which you will press. A desktop console must be configured with a keyboard, mouse, and one display to control two computers via USB and HDMI connections.
- In November 2022, Pure-Fi, the industry leader in premium communications solutions for the Pro A/V market, introduced its new Ultra-High-Speed HDMI® Active Optical Cable (AOC) 8K uncompressed video at 60 Hz, and best suited for digital signal processing.
- In January 2022, The HDMI Forum announced a new standard called HDMI 2.1a with Source-Based Tone Mapping (SBTM). SBTM sends the HDR tone mapping from the TV to the player, or more precisely, to the source of the HDR content. Users can configure tone mapping instead of television, if users have a Blu-ray player or laptop connected to the TV and are streaming HDR content.
Global HDMI Cable Key Market Trends
- Increase in Demand for 4K/UHD Televisions: Over time, the development of projection technology reduced the cost of television and attracted more consumers belonging to the middle-income groups. The rapid growth of 4K or Ultra High-Definition TVs in residential offices has increased the demand for HDMI cables. This provides HDMI ports that can support higher transfer rates. These TVs also have ports for connecting entertainment systems such as gaming consoles and home theater systems. For example, it provides 4 HDMI inputs, HDCP2.3, HDMI-CEC, and HDMI audio return channel (ARC). Thus, upgrading a TV and providing multiple HDMA ports is a must for HDMI.
Global HDMI Cable Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The increasing adoption of high-definition (HD) and ultra-high definition (UHD) content on entertainment and multimedia platforms is driving demand for HDMI cables. Continuous improvements in HDMI cable technology, such as higher bandwidth capabilities, support for 4K and 8K resolutions, and compatibility with emerging display standards such as HDR (High Dynamic Range), contribute to the market development. Expansion of homes with theoretical systems, where smart tv, gaming CONSOL, streaming devices, audio/video receivers are available, HDMI is used in various appliances. The widespread use of HDMI cables is expanding into conference rooms, educational institutions, retail stores, and digital signage. Commercial applications require HDMI cables for high-definition audio and video presentation, communication displays which contribute to the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.3 Billion |
| Market size value in 2031 | USD 4.38 Billion |
| Growth Rate | 4.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global HDMI Cable Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global HDMI Cable Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global HDMI Cable Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global HDMI Cable Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global HDMI Cable Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global HDMI Cable Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global HDMI Cable Market Report Snapshots
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