HDMI Cable Market to Reach $3.87 Billion by 2026, Growing at a CAGR of 4.5%

Allied Market Research published a report on the HDMI Cable Market by Type, By Grade and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

The global HDMI cable market was valued at $2.47 billion in 2018, and is projected to reach $3.87 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026

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Surge in usage of audio/video devices, increase in demand for UKUHD televisions, advancement in HDMI cable for higher bandwidth applications coupled with display technology, enhancement of multimedia and entertainment industry in emerging economies and high installation cost and limited physical availability for devices either fuel or hamper the market growth.

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Competitive Analysis:
The competitive environment of the HDMI cable industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, HDMI cable market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the major key players of the HDMI cable industry include:
• Amphenol Corporation
• Ce-Link
• FOXCONN TECHNOLOGY GROUP (Belkin)
• HITACHI, LTD
• Koninklijke Philips N.V
• Kramer Electronics LTD
• Molex, LLC
• Nordost
• PANASONIC CORPORATION
• SONY CORPORATION

Segmental Analysis:

The HDMI cable market is segmented on the basis of type, grade, application and region. Based on type, the standard HDMI cable segment contributed to more than half of the global HDMI cable market share in 2018, and is expected to lead the trail by the end of 2026. Wide usage of home applications such as televisions and other home entertainment systems drive the segment growth. The high speed HDMI cable, on the other hand, would grow at the fastest CAGR of 5.8% throughout the forecast period. This is attributed to the fact that it makes use of copper wire to ensure improved image clarity.

Based on geography, Asia-Pacific garnered the major share in 2018, holding more than two-fifths of the global HDMI cable market. The same region would also register the fastest CAGR of 6.1% till 2026. Huge population base, advancements in multimedia devices like home theaters, projectors, and other display devices, and rise in purchasing capacity of individuals have led to adoption of HDMI cables in the region. Simultaneously, North America would manifest the CAGR of 3.4% during the study period.

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Key Benefits for Stakeholders:
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the HDMI cable market analysis from 2022 to 2032 to identify the prevailing HDMI cable market opportunities.
• Market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and
strengthen their supplier-buyer network.
• In-depth analysis of the HDMI cable market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global HDMI cable market trends, key players, market segments, application areas, and market growth strategies.

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