High-Definition Multimedia Interface (HDMI) Cables Market: Current Analysis and Forecast (2022-2030)

HDMI cables are used to transmit audio and video signals of high quality between devices. HDMI cables are frequently used to connect computers, televisions, monitors, DVD players, and gaming consoles. The audio and video data are transmitted as a sequence of 1s and 0s because HDMI cables are made to carry digital signals. This takes into consideration top notch transmission of sound and video information with no deficiency of value. Further on, HDMI cables are capable of transmitting uncompressed audio and video data without sacrificing quality. Moreover, It is used both in the commercial AV sector and is the most used cable in homes connecting devices such as digital TV, DVD player, BluRay player, Xbox, PlayStation, and AppleTV with the television.

The HDMI cables Market is expected to grow at a steady rate of around 5% owing to the rapid technological developments in data transmission speed and increasing compatibility and refresh rates. Moreover, the surge in usage of audio/video devices and the increase in demand for 4K UHD televisions are further contributing to the growth of the market. In addition, the emergence of the media and entertainment industry across the globe is also contributing to the growth of the market. For instance, according to the International Trade Administration (ITA), the global media and entertainment industry globally generated total revenue of USD 2.2 trillion in 2020.

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.

Based on end-use, the market is classified into gaming consoles, TVs, mobile phones, computers, and others. The TVs segment is expected to grow at a robust CAGR. This is mainly due to the fact that HDMI enables lossless transmission and enhanced video quality in low-light conditions at higher resolutions. Since no conversion is required, the video quality is significantly better than that of its analog predecessors. When connecting various devices to a television, HDMI cables are frequently used. Gaming consoles, streaming devices, and Blu-ray players are all examples of this

For a better understanding of the market adoption of the HDMI cables industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific captured a prominent share of the market in 2021 and is expected to grow at a steady growth rate during the forecast period. The majority of HDMI cable manufacturers are located in this region, which is anticipated to contribute significantly to the market's revenue expansion. It is anticipated that the expansion of the HDMI cables market in Asia-Pacific will be aided by the rising population and rising demand in various countries in the region for high-definition televisions that offer enhanced gaming capabilities. In addition, improvement in expectations for everyday comforts and expanding extra cash are empowering clients in the locale to spend on cutting-edge innovations

Some of the major players operating in the market include: Amphenol Corporation; Eaton; Hon Hai Precision Industry Co., Ltd.; Hitachi, Ltd.; Koninklijke Philips N.V.; Kramer; Molex, LLC; Panasonic Industry Co., Ltd.; Sony Corporation; and Proterial Cable America, Inc.