Escalation in demand for gaming consoles, TVs and video streaming services worldwide are set to push the demand of HDMI Cable Market.
The global HDMI cable market is expected to reach USD 3.97 billion by 2026, according to a new report by Reports and Data. HDMI is used for transferring uncompressed large amount of data. It is used for connecting high definition (HD) equipment. It had found a niche in the modern world and companies are using it commonly to transfer data, video or audio. It is an intelligent interface that delivers a very high quality data without any glitch. It is used to connect large display screens, TV screens or monitor screens.
HDMI was founded by Toshiba, Philips, Hitachi, Thomson, Sony, Panasonic, Silicon Image and RCA. It is supported by big brands like Warner Bros., Fox, Disney and Universal along with system operators EchoStar and DirecTV due to its high application in large screens.
Asia Pacific is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 34% in the forecast period. Most of the companies working with HDMI cables are located in this region. Desire for high quality viewing experience is driving the growth of this market. High demand is from developing nations of this region mainly due to availability of skilled labor and emerging companies that deal with large amount of data. However, advent of wireless HDMI cable is hindering he growth of the market.
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Key participants include Tripp Lite, Shenzhen Dns Industries Co., Ltd, Koninklijke Philips N.V., Panasonic Corporation, Nordost, Kramer Electronics Ltd, Hitachi Ltd., Sony Corporation, Ce-Link and Belkin International, Inc.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global HDMI cable market on the basis of type, grade, application and region:
Type Outlook (Revenue, USD Million; 2018-2026)
Grade Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
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Regional Outlook (Revenue, USD Million; 2018-2026)
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