The global HDMI cable (high-definition multimedia cable) market is expected to grow from $2.436 billion in 2017 to $3.521 billion by 2025, a compound annual growth rate of 4.7%.
Demand for HDMI cables is affected by a number of factors, particularly the growing demand for televisions and the growing global market for video streaming services.
Based on type, Ethernet's high-speed HDMI cable took the lion's share in 2017.
But globally, the HDMI cable market is highly fragmented, with most companies in the asia-pacific region.
At present, high demand for HDMI cables is noted in both developing and developed areas, especially the demand for secure, high-speed and efficient HDMI cables is increasing rapidly, thanks to the use of multimedia transmission on large screens to enhance viewing experience, which is also one of the key drivers of the HDMI market.
Based on the application domain, TV is one of the main applications in the HDMI cable market.
Increased disposable income, along with increased commercial and residential construction, has led to increased demand for projectors and televisions installed in buildings.
In addition, the use of HDMI cables in DVD players and TVS for receiving input and providing output to any other AV device through HDTV or through a single standard cable will boost the market.
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