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Technavio, an international market research institution, recently released a report that with the growing demand for high-definition TV screens, it is expected that the global high-definition multimedia interface cable (HDMI cable) market demand is expected to grow by more than $800 million during 2020-2024
.
The growing popularity of smart TVs along with declining costs and growing demand for 4K/UHD TVs have led to the global HDMI cable market growing
at a CAGR of 3% during the forecast period.
Compared with traditional RCA cable projects, HDMI cables have stronger video signal transmission capabilities and can provide high-quality audio and video quality to provide customers with a better viewing experience
.
From the perspective of transmission rate, HDMI cables are divided into standard version, high-speed version and ultra-high-speed version
.
If the application requires 50-60 frames per second, you cannot use a standard HDMI cable
.
To bridge the gap, high-speed HDMI cables
were introduced.
The reason for the growing popularity of high-speed HDMI cables during the forecast period is the increasing demand from the entertainment industry, which is constantly innovating to improve screen visibility
.
Due to its ability to support greater bandwidth than before, the market quickly adopted high-speed HDMI cable technology
.
Compared with ultra-high-speed HDMI cables, the high-speed HDMI cable market will grow
at a high speed due to its advantages and lower price.
In particular, the demand for HDMI 2.
1 cables is growing during the forecast period, as it offers faster refresh rates, better audio at a data rate of 48 Gbps, 60K resolution video at 8 frames per second, and 4K video
at 120 frames per second.
The growing popularity of HDMI 2.
1 is one of the key trends in the HDMI cable market, which will positively
impact the growth of the market during the forecast period.
In 2019, Asia Pacific was the world's largest regional market for HDMI cables, and it is expected that Asia Pacific will continue to maintain its dominance during the forecast period, with 70% of the growth of the global market coming from Asia Pacific
.
In particular, the HDMI cable market in regions such as India, China, Japan, South Korea and Thailand is growing faster than other countries in the region
.
Technavio, an international market research institution, recently released a report that with the growing demand for high-definition TV screens, it is expected that the global high-definition multimedia interface cable (HDMI cable) market demand is expected to grow by more than $800 million during 2020-2024
.
The growing popularity of smart TVs along with declining costs and growing demand for 4K/UHD TVs have led to the global HDMI cable market growing
at a CAGR of 3% during the forecast period.
Compared with traditional RCA cable projects, HDMI cables have stronger video signal transmission capabilities and can provide high-quality audio and video quality to provide customers with a better viewing experience
.
From the perspective of transmission rate, HDMI cables are divided into standard version, high-speed version and ultra-high-speed version
.
If the application requires 50-60 frames per second, you cannot use a standard HDMI cable
.
To bridge the gap, high-speed HDMI cables
were introduced.
The reason for the growing popularity of high-speed HDMI cables during the forecast period is the increasing demand from the entertainment industry, which is constantly innovating to improve screen visibility
.
Due to its ability to support greater bandwidth than before, the market quickly adopted high-speed HDMI cable technology
.
Compared with ultra-high-speed HDMI cables, the high-speed HDMI cable market will grow
at a high speed due to its advantages and lower price.
In particular, the demand for HDMI 2.
1 cables is growing during the forecast period, as it offers faster refresh rates, better audio at a data rate of 48 Gbps, 60K resolution video at 8 frames per second, and 4K video
at 120 frames per second.
The growing popularity of HDMI 2.
1 is one of the key trends in the HDMI cable market, which will positively
impact the growth of the market during the forecast period.
In 2019, Asia Pacific was the world's largest regional market for HDMI cables, and it is expected that Asia Pacific will continue to maintain its dominance during the forecast period, with 70% of the growth of the global market coming from Asia Pacific
.
In particular, the HDMI cable market in regions such as India, China, Japan, South Korea and Thailand is growing faster than other countries in the region
.
