Tuesday, 02 January 2024 12:17 GMT

HDMI Cable Market Trends, Demand & Top Companies By 2033


(MENAFN- Straits Research) Introduction

HDMI is employed by display controllers, computer monitors, and digital televisions. HDMI cable creates copper transmission lines for the transmission of data and compressed or unadulterated digital Audio data from an HDMI-compliant source device. HDMI simplifies home entertainment system installation by integrating the video and audio interfaces into a single connection. The cables offer electrical, optical, and digital transfer modalities. Most cables have outer shields to prevent data loss and are designed to carry a greater bandwidth and transfer rate. HDMI is now available on laptops and desktop computers, making it the industry standard for corporate and commercial markets. It is utilized to transmit audio and video signals of high quality between devices for education, presentations, digital signage, and retail displays.

Market Dynamics Surge in Usage of Audio Video Devices Drives the Global Market

Modern technologies like IoT and AI have increased demand for home theater systems with HDMI connectors and other audio-visual equipment. Integrated home theater systems with artificial intelligence software such as Alexa, Google Assistant, and others provide intelligence and convenience for consumers. The residential market is anticipated to witness a rise in demand for HDMI cables over the forecast period. In addition, HDMI cables are in greater demand as more multimedia devices, such as DVD players and music systems, include connectors for connecting to video panels and vice versa. For AV I/O support, the Bose Lifetime 650 Home Entertainment System employs speaker cables and HDMI cables.

Advancement in HDMI Cable and Enhancement of the Multimedia and Entertainment Industry Creates Tremendous Opportunities

HDMI 2.0a and 2.0b are the most frequently used versions. High Dynamic Range (HDMI 2.0) is an advanced display technology supported by these interfaces. In addition, the release of HDMI 2.1 is anticipated to stimulate the market for HDMI cables due to its faster data transmission rates and greater bandwidth availability than earlier incarnations. HDMI 2.1 supports 10K resolutions with refresh rates up to 48Gbps and bandwidth up to 48Gbps. In addition, the emergence of the media and entertainment industry has increased the residential penetration of televisions and cable television networks. Broadcasting channels provide information to consumers in various regions and languages, increasing the demand for television and cable TV subscriptions. HDMI cables are required for the installation of televisions and broadcasting cable networks. Consequently, the developing and expanding multimedia and entertainment industry is estimated to surge the demand for HDMI cables .

Regional Analysis

Asia-Pacific is the most significant global HDMI cable market shareholder and is anticipated to exhibit a CAGR of 5.9% during the forecast period. India and China, two of the Asia-Pacific region's fastest-growing economies, have boosted their use of digital multimedia devices. Consequently, the demand for HDMI cables in domestic applications has grown. TV and other multimedia devices, such as home theaters, projectors, and other display devices, have become more pervasive in areas with the greatest population density. In addition, advancements in these multimedia devices and increased purchasing power have led to a rise in Asia-Pacific adoption. A large population is also a significant factor in expanding the HDMI industry in Asia-Pacific, where these cables are needed to connect audio-visual devices in the residential sector.

North America is estimated to exhibit a CAGR of 3.2% over the forecast period. The United States has witnessed the highest adoption of HDMI cables due to increased multimedia and audio/video devices. In addition, the development of display technology is anticipated to fuel the growth of the HDMI cable market. Due to the rapid growth of the internet in North America, more computers and display devices such as LED monitors and display panels are being used, which has increased the demand for HDMI cables. The development of HDMI cables in the most recent display technologies, including 4K, 8K, and others, significantly contributes to expanding the HDMI cable market in North America. As per a study on the North American e-commerce market development conducted by the Irish company eShopWorld, over 84% of online shoppers utilize desktop computers. Using desktops necessitates HDMI cables for improved data transfer to display higher-quality content, thereby increasing the demand for HDMI cables and accelerating market growth.

Key Highlights

  • The global HDMI cable market size was valued at USD 3.17 billion in 2024 and is projected to reach from USD 3.31 billion in 2025 to USD 4.63 billion by 2033 , growing at a CAGR of 4.3% during the forecast period (2025-2033).

  • Based on type, the global HDMI cable market is bifurcated between standard HDMI cable and high-speed HDMI cable. The standard HDMI cable segment dominates the global market and is estimated to grow at a CAGR of 3.1% over the forecast period.
  • Based on grade, the global HDMI cable market is bifurcated into HDMI 1.4, HDMI 2.0 and HDMI 2.1. The HDMI 2.1 segment is the most significant contributor to the market share and is anticipated to grow at a CAGR of 8.2% over the forecast period.
  • Based on application, the global HDMI cable market is segmented into gaming consoles, TVs, mobile phones, automotive systems, and personal computers and tablets. The gaming consoles segment owns the highest market share and is projected to grow at a CAGR of 5.8% during the forecast period.
  • Asia-Pacific is the most significant global HDMI cable market shareholder and is anticipated to exhibit a CAGR of 5.9% during the forecast period.

Competitive Players

The key global HDMI cable market players are Amphenol Corporation, Panasonic Corporation, Koninklijke Philips N.V., Foxconn Technology Group, Sony Corporation, Hitachi Ltd., Molex, LLC, Nordost, Ce-Link, and Kramer Electronics Ltd.

Recent Developments

  • In December 2022, ATEN Advance, the leading AV/IT connectivity and administration solutions provider, introduced the CS22HF 2-Port USB FHD HDMI Cable KVM switch for a streamlined workflow. With CS22HF, switching between two computers is as simple as pressing a button. One must configure a desktop console with a single keyboard, mouse, and display to control two computers via USB and HDMI connections.
  • In November 2022, Pure-Fi, an industry leader in premium connectivity solutions for the Pro A/V market, introduced its new Ultra-High-Speed HDMI® Active Optical Cable (AOC). This new AOC can support HDMI 2.1a features, such as uncompressed 8K video content at 60 Hz over extended distances, and is ideally adapted for digital signage applications.

Segmentation

By Type

  • Standard HDMI Cable
  • High Speed HDMI Cable
By Grade
  • HDMI 1.4
  • HDMI 2.0
  • HDMI 2.1
By Applications
  • Gaming Consoles
  • TVs
  • Mobile Phones
  • Automotive Systems
  • Personal Computers and Tablets
By Regions
  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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