The Rapid Technological Developments in Data Transmission Speed and Increasing Compatibility and Refresh Rates is one of the main Reasons for the Dominance of North America in the High-Definition Multimedia Interface (HDMI) Cables Market!
- Himanshu Patni
- November 18, 2023
- NEWS, TELECOM & IT
- High-Definition Multimedia Interface (HDMI) Cables Market, High-Definition Multimedia Interface (HDMI) Cables Market Share, High-Definition Multimedia Interface (HDMI) Cables Market Size, High-Definition Multimedia Interface (HDMI) Cables Market Trends
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Due to the rising popularity of gaming consoles, streaming devices, and home theater systems that require an HDMI connection, the demand for HDMI cables in North America has steadily increased over time. Also, with the expansion in remote work and web-based realizing, there has been an expanded interest for HDMI links to associate PCs and PCs to outside shows. In addition, the expansion of high-definition content has significantly increased the demand for HDMI cables. HDMI cables that can support these higher resolutions and faster refresh rates are required because of the increasing preference of consumers for 4K and even 8K displays. In addition, the market for HDMI cables in North America is fiercely competitive, with numerous brands and manufacturers offering a diverse selection of products at a variety of price points. Premium HDMI cables, on the other hand, are becoming increasingly popular due to their superior performance and quality, and enthusiasts and professionals are increasingly in need of these cables.
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Further, the APAC HDMI Cables Market is also expected to grow at a strong CAGR during the forecast period (2022-2030). APAC is anticipated to emerge as the fastest-growing HDMI cables market primarily owing to the increasing adoption of high-definition devices and the need for reliable connectivity solutions in various industries.
FIG. 1 APAC HDMI Cables Market Revenue (2020-2030)- USD Mn
Based on type, the market is bifurcated into standard and high-speed. The high-speed segment is expected to grow at a faster CAGR during the forecasted period owing to the advantages of high-speed HDMI cables over standard cables such as a large bandwidth and the ability to deliver very high-quality content. 1080p, 4K at 30 Hz, and 3D signals can all be transmitted through a High-Speed HDMI cable. It has a transfer speed of 10.2 Gbps and is streamlined for HDMI variants 1.3 to 1.4a.
On the basis of grade, the HDMI cables market is categorized into HDMI 1.4, HDMI 2.0, and HDMI 2.1. Among these, the HDMI 2.0 segment catered to a significant share of the market in 2021 and is expected to grow at a robust CAGR during the forecast period. HDMI 2.0 supports higher bandwidth, allowing for higher resolution and frame rates. It can support up to 4K resolution at 60 fps, which is important for applications such as gaming, streaming, video production, etc.
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Global HDMI Cables Market Segmentation
Market Insight, by Type
· Standard
· High Speed
Market Insights, by Grade
· HDMI 1.4
· HDMI 2.0
· HDMI 2.1
Market Insights, by End-Use
· Gaming Consoles
· TVs
· Mobile Phones
· Computers
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
· APAC
o China
o India
o Japan
o Rest of APAC
· Rest of the World
Top Company Profiles
· Amphenol Corporation
· Eaton
· Hon Hai Precision Industry Co., Ltd.
· Hitachi, Ltd.
· Koninklijke Philips N.V.
· Kramer
· Molex, LLC
· Panasonic Industry Co., Ltd.
· Sony Corporation
· Proterial Cable America, Inc.