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According to a report released by Technavio, an international market research institution, the global high-definition multimedia interface cable (HDMI cable) market is expected to grow by $1.
65 billion from 2021 to 2025, with a compound annual growth rate of 6.
43%.
The report believes that the growing demand for 4K/UHD TVs due to factors such as falling prices, increasing disposable income, increasing number of commercial buildings, and increasing OTT channels is significantly driving the growth of the HDMI cable market, although factors such as counterfeiting may hamper the
growth of the market.
HDMI cables are more functional than traditional RCA cables because they are able to transmit video signals, CEC signals, and up to 8 audio signal channels
through one port.
What's more, HDMI cables can provide high-quality audio and video without lag
.
From the perspective of product type, the growing popularity of HDMI 2.
1 cables is one of the key trends in the HDMI cable market, which will positively
influence the growth of the market during the forecast period.
The new products launched by smart TV manufacturers will support HDMI 2.
1 version to provide a better viewing experience, which will further increase their market demand
.
In terms of market region, 58% of the market growth during the forecast period will come from the Asia-Pacific region
.
China and Japan are the main markets
for HDMI cables in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
In this region, the growing demand for HDTV screens with enhanced gaming experiences will boost the growth
of the HDMI cable market in Asia Pacific during the forecast period.
According to a report released by Technavio, an international market research institution, the global high-definition multimedia interface cable (HDMI cable) market is expected to grow by $1.
65 billion from 2021 to 2025, with a compound annual growth rate of 6.
43%.
The report believes that the growing demand for 4K/UHD TVs due to factors such as falling prices, increasing disposable income, increasing number of commercial buildings, and increasing OTT channels is significantly driving the growth of the HDMI cable market, although factors such as counterfeiting may hamper the
growth of the market.
HDMI cables are more functional than traditional RCA cables because they are able to transmit video signals, CEC signals, and up to 8 audio signal channels
through one port.
What's more, HDMI cables can provide high-quality audio and video without lag
.
From the perspective of product type, the growing popularity of HDMI 2.
1 cables is one of the key trends in the HDMI cable market, which will positively
influence the growth of the market during the forecast period.
The new products launched by smart TV manufacturers will support HDMI 2.
1 version to provide a better viewing experience, which will further increase their market demand
.
In terms of market region, 58% of the market growth during the forecast period will come from the Asia-Pacific region
.
China and Japan are the main markets
for HDMI cables in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
In this region, the growing demand for HDTV screens with enhanced gaming experiences will boost the growth
of the HDMI cable market in Asia Pacific during the forecast period.
