HDMI Cable Market Size, Share, Growth Analysis, By Grades(HDMI 1.4, HDMI 2.0, and HDMI 2.1), By End-use(Gaming Consoles, Audio Players & TVs, Mobile Phones, Automotive Systems), By Type(Standard HDMI Cables and High-speed HDMI Cables), By Region - Industry Forecast 2024-2031

Global HDMI Cable Market size was valued at USD 1.3 Billion in 2022 and is poised to grow from USD 3.08 Billion in 2023 to USD 4.38 Billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

High-Definition Multimedia Interface (HDMI) is used in display controllers, computer monitors, digital televisions and more. The HDMI cable is used to connect copper cables to transmit data to compress data from a device from an HDMI compatible source. HDMI combines video and audio networks in a single connection, simplifying the installation of home entertainment systems. HDMI cables are used for gaming due to its high bandwidth and data transfer rate. Furthermore, the increasing use of multimedia devices in homes is expected to drive the demand for HDMI cables.

Currently HDMI cable industry version 2.0a and version 2.0b are dominantly used in the market and have the largest market share. HDMI cable version 2.1 is expected to gain significant momentum during the forecast period. This is due to improvements in the HDMI cable, which is version 2.1, which offers better bandwidth up to 48Gbps and can deliver resolutions up to 10K. Thus, the growth of HDMI cables driven by innovations in multimedia technology is expected to increase its demand in the global market. Moreover, emerging multimedia and entertainment industry across the globe, offering regional languages, promote higher cable network subscription in the HDMI cable market this ultimately drives the market, since network cable connectivity requires HDMI cables are used.