DUBLIN--(BUSINESS WIRE )--The "High-Definition Multimedia Interface Cables Market Size, Share, Trends, By Type, Grade By End-use, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global High-Definition Multimedia Interface (HDMI) cables market size is expected to reach USD 5.0 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to latest report. The HDMI interface is a digital interface used for carrying digital audio and video signals. The digital interface allows multiple devices to be connected to each other, thereby eliminating the need for analog conversion.
The rapid penetration of HDTVs and ultra-HDTVs across the globe is expected to drive the growth of the market over the forecast period. According to the HDMI Licensing Administrator, more than 2.2 billion HDMI-enabled products were shipped in 2016. The increasing adoption of home theater systems and gaming consoles is also fueling the growth of the market. In addition, the rising demand for 3D and 4K resolution video content is expected to drive the market over the forecast period.
The rising trend of Bring Your Own Device (BYOD) in the workplace is expected to create new growth opportunities for the market over the forecast period. The BYOD trend has gained traction among enterprises as it helps them reduce IT infrastructure and support costs. Moreover, it also helps employees to be more productive as they can access work-related data and applications from their personal devices.
HDMI cables are used to connect audio/video devices such as DVD players, Blu-ray players, gaming consoles, and set-top boxes with HDTVs, projectors, and monitors. They are also used in home theater systems. The high-definition multimedia interface is a digital interface that supports the transfer of audio and video signals. It is an industry-supported standard that is widely used in consumer electronics. Increase in disposable income and rise in living standards of people have resulted in the increased demand for home theatre systems, gaming consoles, and other multimedia devices.
For this study, the publisher has segmented the global HDMI cables market based on type, grade, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Grade Outlook (Revenue, USD Billion; 2019-2030)
End-use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
Chapter 4. HDMI Cables Market Segmentation & Impact Analysis
Chapter 5. HDMI Cables Market By Type Insights & Trends
Chapter 6. HDMI Cables Market By Grade Insights & Trends
Chapter 7. HDMI Cables Market By End-use Insights & Trends
Chapter 8. HDMI Cables Market Regional Outlook
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900