HDMI Cable Market size is set to grow by USD 842.8 million from 2024-2028, Increasing penetration of smart devices to boost the market growth, Technavio
NEW YORK, Aug. 14, 2024 /PRNewswire/ -- The global HDMI cable market size is estimated to grow by USD 842.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.78% during the forecast period. Increasing penetration of smart devices is driving market growth, with a trend towards growing popularity of HDMI 2.1. However, availability of counterfeits poses a challenge. Key market players include Amphenol Communications Solutions, 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., Koninklijke Philips N.V., Kramer Electronics Ltd., Molex LLC, Nordost, Panasonic Holdings Corp., RGB Systems Inc., Sony Group Corp., and Tragant Handels und Beteiligungs GmbH Co..
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Forecast period
2024-2028
Base Year 2023
Historic Data
2018 - 2022
Segment Covered
Type (Standard, High-speed, and Ultra-high-speed), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Region Covered
APAC, North America, Europe, South America, and Middle East and Africa
Key companies profiled Amphenol Communications Solutions, 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., Koninklijke Philips N.V., Kramer Electronics Ltd., Molex LLC, Nordost, Panasonic Holdings
Corp., RGB Systems Inc., Sony Group Corp., and Tragant Handels und Beteiligungs GmbH Co.
Key Market Trends Fueling Growth
The High-Definition Multimedia Interface (HDMI) market is witnessing a surge in growth due to the increasing popularity of HDMI 2.1. This latest HDMI standard offers advanced features and capabilities, including higher frame rates of up to 120Hz and 240Hz, and resolutions up to 10K. HDMI 2.1 also supports dynamic HDR, Variable Refresh Rate (VRR), Quick Frame Transport (QFT), and Advanced Audio Return Channel (eARC), among other features. These capabilities provide consumers with smoother motion, ultra-high-resolution content, immersive audio, and reduced input lag, making it an ideal choice for gaming and high-end audiovisual experiences. The broader use of HDMI 2.1 is transforming the way businesses in various sectors, including broadcasting, post-production, and simulation, operate. The HDMI cable market is poised to grow significantly during the forecast period due to the increasing demand for HDMI 2.1-compatible devices and the expanding market for high-definition and ultra-high-definition video content. For instance, LG's C2 OLED TV and Sony's X90J LED TV are popular HDMI 2.1-enabled devices that offer high-quality visual and audio experiences.
The HDMI cable market is thriving due to the increasing demand for high-definition video and audio transmission. Copper transmission lines in HDMI cables enable seamless transfer of audio-video signals from source devices like laptops, personal computers, educational devices, and AV devices to home entertainment systems. The latest Ultra High Speed HDMI cables offer bandwidth availability up to 48Gbps, enabling 4K resolution and high refresh rates for gaming purposes and audio-video multimedia devices. The consumer base for HDMI cables includes home theater systems, DVD players, music systems, TVs, LED monitors, display panels, and Cable TV networks. The market is also expanding to include IoT, AI, and wireless technology in sectors like automotive systems, mobile phones, tablets, and digital signage for retail displays. HDMI ports are now standard in gaming consoles, offering data transmission rates of up to 2160p at 120Hz. HDMI cables support advanced audio technologies like Dolby Atmos and DTS:X for immersive audio-video streaming experiences. The e-commerce market is driving the availability and accessibility of HDMI cables, making them an essential component of modern AV systems.
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Market Challenges
-- The HDMI cable market faces a significant challenge with the prevalence
of counterfeit cables in the international market. These fake HDMI
cables, manufactured and sold to imitate genuine products, are of
inferior quality and often fail to meet the promised features and
requirements. The use of subpar materials and construction techniques in
these cables can lead to poor signal transmission, communication issues,
and decreased durability. Counterfeit HDMI cables may misrepresent their
capabilities on packaging, leading consumers into buying products that
do not meet their expectations. These cables can pose safety risks,
including fire hazards and electrical shorts. The reputation of
legitimate HDMI cable manufacturers, who invest in research and
development and quality control, is at stake due to the presence of
counterfeit items. Unfair competition and revenue loss are potential
consequences for genuine HDMI cable manufacturers. Consumers may feel
frustrated and lose money on ineffective and subpar products. The
replacement of these cables will increase overall costs. The global
reach of online marketplaces and the ease of setting up online stores
make it challenging to monitor and regulate the sale of counterfeit
goods. The availability of fake HDMI cables can hinder the growth of the
global HDMI cable market by damaging performance, creating safety risks,
and costing consumers money. It is crucial for consumers to ensure they
purchase HDMI cables from reputable sources to avoid the risks
associated with counterfeit products.
-- The HDMI cable market faces several challenges in various sectors. In
retail displays and AV devices, ensuring compatibility with diverse
brands and models is crucial. For gaming purposes, low latency and high
data transmission rates are essential. In the realm of audio-video
multimedia devices, IoT, AI, and home theater systems demand Ultra High
Speed HDMI for seamless audio-video streaming with Dolby Atmos and
DTS:X. Cable TV networks and LED monitors/display panels require HDMI
ports for seamless integration. The consumer base expects high bandwidth
availability and refresh rates for their TVs, gaming consoles, and
digital televisions. The e-commerce market and wireless technology are
disrupting traditional sales channels for HDMI-enabled gadgets like DVD
players, music systems, mobile phones, tablets, and automotive systems.
Data transmission speed and audio requirements vary across these
devices, making it essential to cater to diverse needs. HDMI-enabled
gadgets use copper cables for standard applications, while fiber-optic
cables cater to Ultra High Speed requirements. The gaming industry and
AV system manufacturers focus on display controllers and transmission
lines to optimize performance. Computer monitors and data transmission
speed are key concerns for the IT sector.
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Segment Overview
This hdmi cable market report extensively covers market segmentation by
1. Type
-- 1.1 Standard
-- 1.2 High-speed
-- 1.3 Ultra-high-speed
2. Distribution Channel
-- 2.1 Offline
-- 2.2 Online
3. Geography
-- 3.1 APAC
-- 3.2 North America
-- 3.3 Europe
-- 3.4 South America
-- 3.5 Middle East and Africa
1.1 Standard- Standard HDMI cables, first introduced in March 2010, revolutionized the market for transmitting high-definition content. These cables offer several advanced features, including an integrated Ethernet channel for bi-directional IP data transfer at up to 100 Mbps. This feature eliminates the need for separate Ethernet cables, enabling web-enabled devices to share their Internet connection with other HDMI gadgets. Moreover, standard HDMI cables support 4K x 2K resolutions, which is four times the pixel perfection of current 1080p devices. They also enable dual-stream 1080p 3D, offering several 3D formats such as frame alternative, line alternative, and field alternative methods. This specification allows 3D content providers to expand their offerings and reach a wider audience. Despite the introduction of newer HDMI versions, standard HDMI cables continue to exist due to their affordability and capabilities. For instance, EZCast, a pioneer in wireless display technology, announced at CES 2023 the new EZCast Pocket, a small wireless display transmitter and receiver kit that allows users to quickly mirror their screens onto a larger display without downloading apps or establishing a Wi-Fi connection. This innovation underscores the ongoing relevance of standard HDMI cables in the market.
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Learn and explore more about Technavio's in-depth research reports
The global Smart TV market is experiencing significant growth, driven by increasing demand for advanced entertainment solutions and seamless connectivity. Key players, including Samsung, LG, and Sony, are focusing on innovative technologies such as 4K, 8K resolution, and integrated AI features to enhance user experience. Rising internet penetration, coupled with the surge in OTT platform subscriptions, is further propelling the global Smart TV market expansion.
Research Analysis
The HDMI cable market refers to the business of manufacturing, selling, and installing High-Definition Multimedia Interface (HDMI) cables. These cables are essential for transmitting uncompressed digital audio-video signals from a source device to a display device, such as digital televisions, computer monitors, and home entertainment systems. HDMI cables use copper transmission lines to transfer data at high bandwidths and transfer rates, enabling the transmission of 4K and 8K resolutions, HDR, and 3D content. The market caters to various industries, including laptops, personal computers, educational devices, presentations, digital signage, gaming industry, and audio-video signals for home and professional use. The HDMI cable market continues to evolve, with advancements in technology leading to the development of HDMI-enabled gadgets and the increasing popularity of fiber-optic cables for higher data transmission speeds.
Market Research Overview
The HDMI cable market is a significant segment of the audio-video industry, connecting various source devices to home entertainment systems, laptops, personal computers, educational devices, and more. These cables use copper transmission lines as their primary component to transmit high-definition video, audio interfaces, and data. The consumer base for HDMI cables includes a wide range of applications such as presentations, digital signage, retail displays, AV devices, gaming purposes, and audio-video multimedia devices. With the increasing demand for Ultra High Speed HDMI cables, bandwidth availability, data transmission rates, and refresh rates have become crucial factors. HDMI-enabled gadgets like mobile phones, tablets, gaming consoles, and automotive systems are also driving the market growth. The market is further expanding into IoT, AI, and wireless technology, with HDMI ports found in various digital televisions, computer monitors, and display controllers. The market for HDMI cables is expected to grow significantly in the coming years due to the increasing popularity of audio-video streaming services, Dolby Atmos, and DTS:X technologies, and the integration of HDMI ports in various audio-video players and display technology. The e-commerce market is a significant contributor to the sales of HDMI cables, with fiber-optic cables and data transmission speed also gaining popularity in specific applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
-- Type
-- Standard
-- High-speed
-- Ultra-high-speed
-- Distribution Channel
-- Offline
-- Online
-- Geography
-- APAC
-- North America
-- Europe
-- South America
-- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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