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TELECOMWORLDWIRE-August 15, 2024-HDMI Cable Market to Grow by USD 842.8m from 2024-2028, According to Technavio
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The global HDMI cable market size is estimated to grow by USD 842.8 m from 2024-2028, according to US-based technology research and advisory company Technavio.
The market is estimated to grow at a CAGR of 4.78% during the forecast period.
Increasing penetration of smart devices is driving market growth, with a trend towards growing popularity of HDMI 2.1. However, availability of counterfeits poses a challenge.
Key market players include Amphenol Communications Solutions, Aten International Co. Ltd., Belkin International Inc., Best Buy Co. Inc., Broadcom Inc., Ce Link, Cheng Uei Precision Industry Co. Ltd., Dell Technologies Inc., Eaton Corp. Plc, Hitachi Ltd., Honeywell International Inc., Intel Corp., Koninklijke Philips N.V., Kramer Electronics Ltd., Molex LLC, Nordost, Panasonic Holdings Corp., RGB Systems Inc., Sony Group Corp., and Tragant Handels und Beteiligungs GmbH Co.
The High-Definition Multimedia Interface market is witnessing a surge in growth due to the increasing popularity of HDMI 2.1.
This latest HDMI standard offers advanced features and capabilities, including higher frame rates of up to 120Hz and 240Hz, and resolutions up to 10K. HDMI 2.1 also supports dynamic HDR, Variable Refresh Rate, Quick Frame Transport, and Advanced Audio Return Channel, among other features.
These capabilities provide consumers with smoother motion, ultra-high-resolution content, immersive audio, and reduced input lag, making it an ideal choice for gaming and high-end audiovisual experiences.
The broader use of HDMI 2.1 is transforming the way businesses in various sectors, including broadcasting, post-production, and simulation, operate.
The HDMI cable market is poised to grow significantly during the forecast period due to the increasing demand for HDMI 2.1-compatible devices and the expanding market for high-definition and ultra-high-definition video content.
For instance, LG's C2 OLED TV and Sony's X90J LED TV are popular HDMI 2.1-enabled devices that offer high-quality visual and audio experiences.
The HDMI cable market is thriving due to the increasing demand for high-definition video and audio transmission.
Copper transmission lines in HDMI cables enable seamless transfer of...