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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).

The competitive environment of the 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. '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'

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.

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.

North America dominated the 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.

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Global HDMI Cable Market

Product ID: SQMIG45A2255