NEW YORK , July 1, 2022 /PRNewswire/ -- The HDMI cable market size is expected to grow by USD 1.65 billion from 2020 to 2025, progressing at a CAGR of 6.43% as per the latest market report by Technavio. 58% of the market's growth will originate from APAC during the forecast period. India , China , Japan , South Korea , and Thailand are the key markets for the HDMI cable market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The growth of the corporate sector and the gaming industry, as well as the presence of key vendors in fast-growing economies, will facilitate the HDMI cable market growth in APAC over the forecast period.
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HDMI Cable Market: Major Driver
The growing penetration of smart devices, such as smartphones, tablets, laptops, smart TVs, streaming media players, and other multimedia devices, is expected to drive the demand for supporting accessories, such as HDMI cable. Furthermore, developing regions such as APAC, the Middle East , Africa , and South America are observing significant growth in the penetration of smart devices.
Economic growth, increasing literacy rate, and rising purchasing power are some factors that are boosting the demand for smartphones and other devices. China and India are the largest markets for smartphones in APAC and are experiencing rapid growth. Africa has shown a noteworthy increase in the demand for smartphones over the last few years.
Advances in cellular technology, such as 3G and 4G, have also fueled the adoption of smart devices. The demand for smart devices is mainly increasing in urban and semi-urban areas. Smartphone vendors are also largely focused on these areas to increase their market share. Therefore, the increase in the sales of smart devices is expected to propel the demand for HDMI cables during the forecast period.
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HDMI Cable Market: Segmentation Analysis
The market research report segments the HDMI cable market by Type (high-speed, standard, and ultra-high-speed) and Geography (APAC, North America , Europe , South America , and MEA).
Revenue Generating Segment: The high-speed segment will be significant for revenue generation. The reason for the growing popularity of high-speed HDMI cable is the increased demand from the entertainment industry, which is innovating in improving screen viewability. The market adopted high-speed HDMI cable technology quite rapidly due to its ability to support greater bandwidth than its predecessors. For instance, Tono Systems LLP, a manufacturer of specialty audio and video products for home and professional setups, announced the launch of its first new line category of High-Speed HDMI cable with Optical Active 4k HDMI for up to 100 meters. Similarly, Infinite Electronics, Inc. released a new line of high-speed HDMI cable assemblies with white cable jackets and connector over-molds.
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Get ready to achieve excellent business outcomes from this exclusive HDMI Cable Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the HDMI Cable Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our HDMI Cable Market Forecast Report - Buy Now!
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Accelerate at a CAGR of 6.43%
Leading companies, competitive strategies, consumer engagement scope
Belkin International Inc., Ce-Link, Hitachi Ltd., Intel Corp., Koninklijke Philips NV, Kramer Industries Inc., Nordost, Panasonic Corp., Sony Corp., and Tripp Lite
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2020 - 2025
5.3 High-speed - Market size and forecast 2020-2025
5.4 Standard - Market size and forecast 2020-2025
5.5 Ultra-high-speed - Market size and forecast 2020-2025
7.3 APAC - Market size and forecast 2020-2025
7.4 North America - Market size and forecast 2020-2025
7.5 Europe - Market size and forecast 2020-2025
7.6 South America - Market size and forecast 2020-2025
7.7 MEA - Market size and forecast 2020-2025
11.2 Currency conversion rates for US$
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