The global High-Definition Multimedia Interface (HDMI) cables market size is expected to reach USD 5.0 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to latest report by Reports and Data. Rising demand for high-definition 8K display units and High Dynamic Range (HDR) TVs is driving HDMI cables market revenue growth.
Increasing use of audio/video devices, rising demand for Ultra High Definition (UHD) televisions, advancements in HDMI cables for higher bandwidth applications, combined with developments in display technology, and growth of the multimedia and entertainment industry in emerging countries are some major factors driving revenue growth of the market. Increase in disposable income and construction of new buildings, both commercial and residential buildings, are increasing demand for projectors and televisions. Moreover, HDMI cables are expected to witness high demand during the forecast period, with increasing demand for high-definition viewing options.
HDMI 2.0a and HDMI 2.0b are the most commonly used HDMI versions, and these ports are a higher-resolution version of HDMI 2.0, which supports the High Dynamic Range (HDR) display technology. Release of HDMI 2.1 is expected to boost growth of the HDMI cables market, due to its high data transfer rate and increased bandwidth compared to previous versions. HDMI 2.1 has a refresh rate of 60 frames per second and a bandwidth of up to 48 gigabits per second, which allow for resolutions up to 10K. HDMI cables are preferred over conventional RCA cables due to their ability to transmit a video signal, CEC signal, and up to 8 channels of audio signals through a single port.
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Increasing use of audio/video devices: The proliferation of audio/video devices, such as smartphones, tablets, smart TVs, and streaming devices, has led to a higher demand for high-quality multimedia experiences. Consumers are increasingly consuming digital content through various devices, driving the need for improved audio and video capabilities.
Rising demand for Ultra High Definition (UHD) televisions: UHD televisions, also known as 4K or 8K TVs, offer significantly higher resolution and enhanced picture quality compared to standard high-definition televisions. As the prices of UHD TVs have become more affordable, consumer demand for these advanced displays has increased. The availability of UHD content, including movies, TV shows, and streaming services, has further fueled the demand for UHD televisions.
Advancements in HDMI cables for higher bandwidth applications: HDMI (High-Definition Multimedia Interface) cables are widely used to transmit high-quality audio and video signals between devices. With the advent of UHD content, there is a need for HDMI cables that can handle higher bandwidths to deliver the best possible picture and sound quality. Advancements in HDMI technology, such as the introduction of HDMI 2.1, have enabled support for higher resolutions, refresh rates, and other features required for UHD content transmission.
Improvements in display technology: The continuous advancement of display technologies, such as OLED (Organic Light-Emitting Diode) and QLED (Quantum-dot Light-Emitting Diode), has contributed to the overall improvement in screen viewability. These technologies offer better contrast ratios, wider color gamuts, and higher brightness levels, resulting in more immersive and visually stunning viewing experiences. The combination of advanced display technology with UHD content and high-speed HDMI connections has become increasingly appealing to consumers.
Some leading companies operating in the global High-Definition Multimedia Interface (HDMI) Cables Market:
Amphenol Corporation, Panasonic Corporation, Koninklijke Philips N.V., Hon Hai Precision Inc. Co., Ltd, Sony Corporation, Hitachi Ltd., Molex LLC, CE-Link, and Kramer Electronics Ltd.
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The global market is further segmented into type and application:
Type Outlook (Revenue, USD Billion; 2019–2030)
- Standard HDMI Cable
- High-speed HDMI Cable
Grade Outlook (Revenue, USD Billion; 2019–2030)
- HDMI 1.4
- HDMI 2.0
- HDMI 2.1
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Gaming Consoles
- Audio Players TVs
- Mobile Phones
- Automotive Systems
- Personal Computers Tablets
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Overall, the convergence of these factors has contributed to the growth of the audio/video devices market, with a focus on UHD televisions, HDMI cables, and advancements in display technology. As technology continues to advance and consumer demand for immersive multimedia experiences grows, we can expect further developments and innovations in this market.
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