HDMI Cable Market Size Report, Share and Industry Analysis 2025

[Research Report] The HDMI cable market was valued at US$ 2,436.0 million in 2017 and is projected to reach US$ 3,613.9 million by 2025; it is expected to grow at a CAGR of 5.3% during 2018–2025.

Cabling is an important element to various audio, video and entertainment systems, as it enables the transmission of multimedia from one device to another. The consumer preferences towards entertainment based electronic devices have experienced drastic changes. Consumers today prefer a multipurpose device for the storage of all kinds of media, however, demand for larger displays and screens to obtain an enhanced view of the image or the video. Modern-day consumer electronics devices are therefore comprised of smartphones, tablets, and laptops as sources of multimedia, whereas monitors, video projectors, digital television, or digital audio devices as the output devices for either viewing or listening to the different forms of stored media. A cable used for connecting the multimedia source to the display output has been used until a few years back. The traditional cables consisted of separate cable wires for audio and video signal transmission, which would often create handling problems for the user. A large number of cables connected to the system used to create confusions, and more errors coupled with wire tangling problems to the users. Owing to these inefficiencies, the users needed a more efficient, and noise-immune cables to allow high-speed multimedia transmissions.

The HDMI cables Market being put to use eliminate the unnecessary need for different cables for audio and video. Also, as these cables are digital in nature, they are more immune to the noise interferences and thus enable transfer of multimedia to the display output systems without significant degradations. With HDMI cable, transmission of multiple signals along a single cable has become possible, which is another critical advantage over the conventional AV cables. A single HDMI cable is capable of transmitting a video signal, a CEC signal so that the devices can communicate with each other, and up to 8 channels of audio signals. Today, HDMI is being used globally as a standard for connecting high-definition equipment. The most significant advantage observed with the use of an HDMI cable is its ability to transmit uncompressed audio-video data in digital form which allows for higher pixel-by-pixel accuracy.

Lucrative Regions for HDMI Cable Market

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Market Insights–HDMI Cable Market

Burgeoning demands for 4K/UHD televisions globally to boost the demands for HDMI Cable

The televisions have remained as one of the most essential consumer electronic devices in human lives for a majority of the population since the last 7 decades. The number of households worldwide is approximately 1.9 Bn, and close to 1.4 Bn have TV sets installed in their houses. The absence of TV sets is majorly in the extremely rural and remote areas. Over the years, televisions have served various purposes such as sources of entertainment, a tool for creating awareness, and a tool for marketing used by marketers on account of the market reach they provide.  Furthermore, recent technological advancements in the consumer electronics arena have led to advancements in the televisions in use today.

Consumers today prefer televisions with higher video, audio and picture clarity. Also, the consumer attraction has been towards an enhanced viewing experience at home. The recent advancements in televisions with respect to the advent of 4K or Ultra HD TVs, provide consumers with the best viewing experience coupled with the feel of theatre inside a home. Watching a 3D movie at home has become possible due to this technology.  UHD television provides resolution up to 3840 by 2160 pixels, which is slightly smaller that are used on the theatre screens. The demand for a home-theatre type experience has enabled profound attractiveness for these televisions in the market. HDMI cables are estimated to find their largest applications in the TV sets. Thus, larger the sales of TVs, larger are the revenue generation probability for the HDMI cables and thereby larger growth of the cables. More than 100 million units of 4K TVs are estimated to be shipped in the fiscal year 2018. China and the US have remained the largest market for the shipments of televisions and are anticipated to occupy the top 2 spots in the coming fiscal year too. Big premium TV vendors are increasingly using voice assistant platforms to attract consumers. Google Assistant and Amazon’s Alexa are being incorporated into the latest TVs from LG, Hisense, TCL, and Vizio. Samsung, meanwhile, is utilizing its in-house Bixby assistant in its 2018 QLED range.

Type Segment Insights

Based on type, the HDMI cable market is segmented into standard hdmi cable, standard hdmi cable with ethernet, high speed hdmi cable, and high-speed hdmi cable with ethernet. The HDMI cables have gained high popularity in the last few years. Characteristics such as low signal to noise ratio, high-speeds, and a single wire carrying both video and audio signals have led to huge demands for these cables in various applications. Each wire pair inside an HDMI cable is a twisted pair that makes it a balanced cable and also results in drastic reduction of signal to noise ratio. The HDMI cables are capable of transmitting signals to larger distances without much loss of data. The HDMI specifications provide requirements for the performance characteristics of the cables. These cables comprise of an internal wiring architecture that governs its applicability for various uses. Parameters such as application, Ethernet capability and its usage, cable length, and the connector type for the HDMI cable play a critical role in deciding the type of HDMI cable to be purchased by the user.

Grade Segment Insights

Based on grade, the HDMI cable market is bifurcated into HDMI 1.4, HDMI 2.0, and HDMI 2.1. Since the development of HDMI cables, the standards have been evolving with newly added capabilities to explore new boundaries for the HD experience. These advancements have been developed for ensuring the compatibility and performance of the device for the enhanced viewing experience. The progressive launching of the HDMI versions has enabled the HDMI interface to keep pace with the technology and also the advanced HDMI version has remained backward compatible. Since the year 2002, the consortium for HDMI standards has been releasing newer versions of the HDMI standards.

Application

Segment Insights

Based on application, the HDMI cable market is bifurcated intogaming consoles, players & tvs, mobile phones, personal computers & tablets, and automotive systems. The deployment of HDMI cable in these application is growing day by day as per the advancement in technology, it is being connected through one device to HDTV for watching and listening to the video and audio files where ever required. Basically, the HDMI cable provides the user to watch the video at 1080p and 720p resolutions. As the popularity of gaming consoles among the youth population is boosting at a faster pace, the requirement of HDMI cable is also increasing. Similarly, the production of televisions, automotive is also rising in some of the regions is growing which will fuel the market of HDMI cable in the forecast period.

Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

• In 2018, CE-Link announces that it will attend CES Consumer Technology Association exhibition to be held on 8 - 11 January, 2019 in Las Vegas, NV to showcase their products.
• In 2018, Nordost showcasing its cable product at High End 2018 show in Munich. The company is live demonstrating and cable comparisons for featuring its extensive range of products.

The Global HDMI Cable Market has been Segmented as Follows:

HDMI Cable Market – by Type

• Standard HDMI Cable
•  Standard HDMI Cable with Ethernet
• High Speed HDMI Cable
• High-Speed HDMI Cable with Ethernet

HDMI Cable Market – by Grade

• HDMI 1.4
• HDMI 2.0,
• HDMI 2.1

HDMI Cable Market – by Application

• Gaming Consoles
• Players & TVs
• Mobile Phones
•  Personal Computers & Tablets
•  Automotive Systems

HDMI Cable Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Rest of APAC

• Middle East & Africa (MEA)

  • South Africa
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM  

HDMI Cable Market – Companies Profiles

• Nordost
• Panasonic Corporation
• Koninklijke Philips N.V
• Shenzhen DNS Industries Co. Ltd.
• Tripp Lite.
• Belkin International, Inc.
• CE-Link
• Sony Corporation
• Hitachi, Ltd.,
• Kramer Electronics Ltd.