India HDMI Cables Market to Grow at 5.23% CAGR During Forecast Period
An increase in the usage of
audio-video devices, demand for high-resolution televisions and need to
manufacture local brands after the ban on China during the COVID-19 pandemic is
expected to drive for the growth of India HDMI Cables Market through FY2026.
According to TechSci Research report, “India
HDMI Cables Market By Type (Passive and Active), By Application (Television
& DVD Players, Personal Computers & Tablets, Gaming consoles and
Others), By Grade (HDMI 1.4, HDMI 2.0 and HDMI 2.1), By Region, Competition,
Forecast & Opportunities, FY2026”, India HDMI Cables Market is expected to reach at USD281.45 million by FY2026 with a CAGR of over 5.23% during the forecast
period. This growth is attributed to the strong rise in audio-visual interfaces
and connectors due to the increase in demand for telecommunication mediums all
over the country. However, the installation costs and limited physical
availability of the devices are likely to hamper the growth of the market
during the forecast period. Additionally, the reduction in the profit margin of retailers can
further restrict the growth of the market.
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India HDMI Cables Market is
segmented based on type, grade, application, region and company. Based on the
region, the market can be further bifurcated into North India, West India,
South India and East India. North India dominated the India HDMI Cables Market with a share of
32.90% in FY2020 and is expected to dominate the market during the forecast
period. This growth is due to the rise in demand for providing diverse
categories of consumer electronics products along with the expansion in
urbanization in the region.
Based on the type, the market can be segmented into passive (standard)
and active (high-speed). Active (high-speed) HDMI cable is the leader having
the major market share of 51.31% in FY2020 with a momentous growth during the
forecast period due to increase in the demand for modern high-resolution audio-video
interfaces all over the country.
Based on grade, the market can be split up into HDMI 1.4, HDMI 2.0 and HDMI
2.1. Although the HDMI 2.0 cable segment dominates the market with a market
share of 48.05% in FY2026, the HDMI 2.1 cable segment is projected to be the
fastest growing segment in the forecast period. This growth is due to the
increase in the demand for new technology Quantum-dot telecommunication mediums
and monitors across the country.
Based on application, the market can
be divided into Television & DVD Players, Personal Computers & Tablets,
Gaming consoles, Automotive systems, Mobile phones, etc. The Television & DVD Players segment
dominates the market with a market share of 66.63% in FY2020 which is majorly driven by
growing development and urbanization in the country with the increase in usage
of consumer electronics.
AmazonBasics, BlueRigger Retail
Pvt Limited, TeraByte Enterprises India Pvt. Ltd., Tizum India, Belkin India
Private Limited, Storite, Fedus, Falcon India Private Limited, Techon
Technologies Private Limited, Hexabyte Technology Private Limited and others are some of the leading players operating in the
India HDMI Cables Market. The companies operating in the market are using
organic strategies such as local manufacturing, great efficiency, and
collaborations to boost their shares in the market. Most of these companies are
using online platforms for the distribution of all the products which is a
strong driving force for the growth of the market.
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“India HDMI Cables Market is anticipated to grow
at a steady pace during the forecast period. However, the market will see
downfall due to the COVID-19 pandemic across the country with the lockdown
affecting the production and demand of the consumer goods but the factors like worldwide adoption of digitalization, advancement in the technology for the higher
resolution applications, development of entertainment and multimedia industry
in the evolving economies, increase in the opportunities in the high-speed
segments of the HDMI Cables Market, among others are anticipated to boost the
demand for the HDMI cables across the country over the next five years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India HDMI Cables Market By Type (Passive and Active), By Application
(Television & DVD Players, Personal Computers & Tablets, Gaming
consoles and Others), By Grade (HDMI 1.4, HDMI 2.0 and HDMI 2.1), By Region,
Competition, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India
HDMI Cables Market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the India HDMI Cables Market.
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