The global HDMI Cable market is estimated to grow at a CAGR of 5.3% during the forecast period 2018-2025 and account to US$ 3,613.9 Mn by the year 2025.
HDMI Cables available in the market today are characterized with the feature of simplification of cabling and connections of High Definition components such as TV screens, large display screens, and monitor screens etc. HDMI was initially released in the year 2002, but off late this product has found prominence amongst the users. With the upcoming consumer electronic devices coming with added features and integrations, there has been an increased demand for new cables especially for increased bandwidth requirements. HDMI is the global standard used for connecting high-definition equipment. The HDMI is intelligent, and an all-digital interface that is used for delivering highest quality of data with ease. As of today, more than 1,700 consumer electronic device manufacturers incorporate HDMI connectivity in their products.
There are several HDMI cable types plus a special cable certification designation to choose from; each designed to meet a particular performance standard. The HDMI specification does not limit cables to any particular length, but instead sets performance criteria based on maintaining adequate signal strength. Therefore, cable length is not determined by the HDMI specification, but by the design and manufacturing quality of the cable. The Ultra High Speed HDMI Cable ensures ultra-high-bandwidth dependent features are delivered including uncompressed 8K video with HDR. It supports up to 48Gbps bandwidth and features exceptionally low EMI which reduces interference with nearby wireless devices. The cable also supports the HDMI Ethernet channel. It is backwards compatible and can be used with the existing installed base of HDMI devices.
The HDMI Cable market segmentation is done on the basis of type, grade, and application. The HDMI Cable market has been segmented on the basis of vehicle type into Standard HDMI Cable, Standard HDMI Cable with Ethernet, High Speed HDMI Cable, High Speed HDMI Cable with Ethernet, and Others. Further, the HDMI Cable market has been segmented on the basis of grade into HDMI 1.4, HDMI 2.0, and HDMI 2.1. These HDMI cables find their applications in a plethora of consumer electronic devices. Accordingly, the HDMI Cable market has also been segmented on the basis of application that include gaming consoles, Players & TVs, mobile phones, Personal Computers & tablets, automotive systems, and others. On the basis of geography, the HDMI Cable market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
APAC is expected to be the fastest growing region in the HDMI Cable market. The major reason for this is the huge electronics and semiconductor hub in China coup-led with the large population density of the region. Also China accounts for the largest shipments for TV sets across the world, the new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to high growth of HDMI Cable market in the region. Some of the important players in the HDMI Cable market include Nordost, Panasonic Corporation, Koninklijke Philips N.V, Shenzhen DNS Industries Co. Ltd., and Tripp Lite. Also, Belkin International, Inc., CE-Link, Sony Corporation, Hitachi, Ltd., and Kramer Electronics Ltd. are other key companies in the HDMI Cable market.