HDMI Cable Market Size 2020 SWOT Analysis, Top Countries Data, Defination, Market Share, Growth Factors, Segmentation an
Posted by Shahbaz on October 13th, 2022
The HDMI 2.1 grade for the HDMI cable to gather rapid pace of adoptions during the forecast period creating more opportunities for the manufacturers in the HDMI Cable market which is forecasted to grow at a CAGR of 6.0%
According to The Insight Partners market research study titled “HDMI Cable Market to 2025 – Global Analysis and Forecasts by Type, Grade & Application, the global market accounted to US$ 2,436.0 Mn in 2017 and is also estimated to reach US$ 3,613.9 Mn by 2025”. The report highlights the trends prevalent in the global HDMI Cable market and the factors driving the market along with those that act as deterrents to its growth.
The US is a developed country in terms of modern technology, standard of living, infrastructure, and many others. Across the US, the technological advancements have led to highly competitive markets. With the increasing demand from customer for high quality products and services, companies are constantly innovating to serve their customer in the best possible way. The demographics of US further boosts the opportunities for the sales of consumer electronic devices in the country. A large percentage of youth population that is tech-savvy, coupled with higher individual spending capacities, favorable economic conditions, and a technological hub has favored rapid proliferation of consumer electronic devices. The bandwidth with HDMI 2.1 was increased up to 48 Gbps from 18 Gbps in the previous version. This is the most recent update of the HDMI specification. Supporting the 48Gbps bandwidth is the new Ultra High Speed HDMI Cable. The cable ensures high-bandwidth dependent features are delivered including uncompressed 8K video with HDR. It features exceptionally low EMI which reduces interference with nearby wireless devices.
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The market for HDMI Cable globally has been segmented into three major segments including type, grade and application. Vehicle types segment is further fragmented by utility vehicles, tractors, and heavy duty vehicles. Various grades of HDMI cables have been defined by the HDMI consortium over the years that account for various parameters such as bandwidth, resolution, and speeds. The major grades included in our research report include HDMI 1.4, HDMI 2.0, and HDMI 2.1. Further, various applications of the HDMI cables in the consumer electronic devices emphasize the need for segmentation on the basis of application. The application segment is accordingly segmented into Gaming Consoles, Players & TVs, Mobile Phones, Personal Computers & Tablets, Automotive Systems, and Others.
The market for HDMI Cable is highly fragmented with numerous small and large players operating in the market. Also, new entrants and smaller players are trying to come up with innovative solutions and strategic partnerships as well as different business models to attract large base of customers. The major companies operating in the market includes Hitachi, Ltd., Kramer Electronics Ltd., Nordost, Panasonic Corporation, and Koninklijke Philips N.V. Also, Belkin International, Inc., CE-Link, Sony Corporation, Shenzhen DNS Industries Co. Ltd., and Tripp Lite are few other players that are investing in the technological innovations for rolling out technology in the near future.
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