AV Cables for Residential Market Size, Trends, Opportunities, Innovations & Forecast till 2026
According to a new report published by KD
Market Insights, titled, “AV
Cables for Residential Market by
Type, Component, and Cable Category: Global Opportunity Analysis and Industry
Forecast, 2019–2026," the global AV cables for residential market size was
valued at $273.0 million in 2018, and is projected to reach $502.1 million by
2026, growing at a CAGR of 7.7% from 2019 to 2026. The HDMI
segment contributed nearly 30% share in 2018.
AV cables are the probes which are used by
multimedia electronic devices for efficient input and output of audio and video
signals. The AV cables for residential market is expected to grow swiftly that
increases the adoption of audio-video devices and penetration of miniature
multimedia devices.
The factors such as surge in usage of audio video devices, increase in demand for 4K/UHD televisions, rise in penetration of miniature multimedia devices, and increase in innovation of multimedia devices, and growth in adoption of 4K/UHD TVs in households are expected to drive the growth of the residential market. However, rise in adoption of wireless streaming platform reduces the need for AV cables and is expected to hinder the AV cables for residential market growth.
Nonetheless, advancements in HDMI cable for
higher bandwidth applications coupled with display technology and growth in the
multimedia & entertainment industry in emerging economies is projected to
offer remunerative opportunities for the AV cables for residential market. The
most commonly used HDMI version is HDMI 2.0a and HDMI 2.0b. The ports are a higher
variant of HDMI 2.0, which offers advanced display technology called High
Dynamic Range. Moreover, the emergence of media & entertainment industry
has resulted in greater penetration of TVs and Cable TV network to households.
Broadcasting channels provide information to consumers across different regions
in different languages, which increases the demand for TVs and subscription for
cable TV channels.
In 2018, the HDMI cable segment contributed
over a 30% share in the AV cables for residential market and is expected to
maintain its dominant position throughout the analysis period. Among the
components such as connectors and adapters used with AV cables, the connectors
secured highest share in 2018. However, adapters are expected to showcase
highest growth rate during the forecast period, owing to increase in demand for
convertible solutions. Moreover, North America is the major revenue
contributor, owing to advancements in AV cables for use in latest display
technologies such as 4K, 8K, and others.
The coaxial cable segment contributed the
highest revenue share of about 40% in 2018. Coaxial cables and connectors are
used to connect cables to other devices and are specifically designed to
maintain shielding on the cable. High-quality connectors offer reliable and
long-lasting connections. They are used for audio and video transmission in
multimedia devices. Cable provides shield and insulation to the copper wire in
coaxial cables. They are mostly used in cable TV services provided to end
users. These further provide greater bandwidth in comparison to twisted pair
cables. Therefore, advancements in coaxial cables foster the growth of the
global market. For instance, 4-Feet Digital Audio Coaxial Cable by Amazon,
which is high-purity coaxial cable, connects RCA-compatible digital audio
components with aluminum braiding and dual foil shielding for crisp, clear
audio.
According to Ankit Prajapati, Lead Analyst, Semiconductor and Electronics at KD Market Insights, “AV Cables for the residential market is growing at an unprecedented rate and is projected to sustain in the coming years. This is attributed to surge in the usage of audio video devices, increase in demand for 4K/UHD televisions, and rise in penetration of miniature multimedia devices globally. The installation of TV sets and broadcasting cable networks require AV cables such as Coaxial cables. Therefore, the emerging and advancing multimedia & entertainment industry is expected to boost the demand for AV cables.”
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/av-cables-for-residential-market-amr
Key findings of the study
- In terms of revenue, HDMI contributed the
maximum AV cables for residential market share in 2018, and is expected to
maintain its lead throughout the forecast period.
- Adapters are expected to grow at the highest CAGR during the forecast period.
- In 2018, the coaxial cables segment held nearly two-fifths of AV cables for the residential market share, which was the highest among all cable categories.
- In 2018, North America accounted for over a 35% share globally, and is expected to dominate the AV cables for residential market forecast.
- Adapters are expected to grow at the highest CAGR during the forecast period.
- In 2018, the coaxial cables segment held nearly two-fifths of AV cables for the residential market share, which was the highest among all cable categories.
- In 2018, North America accounted for over a 35% share globally, and is expected to dominate the AV cables for residential market forecast.
Region-wise, the global AV cables for
residential market trends are analyzed across North America Europe,
Asia-Pacific, and LAMEA. In 2018, in terms of revenue, North America accounted
for 35.7% of the total market revenue and is expected to retain its dominant
position. However, the Asia-Pacific region is expected to grow at the highest
CAGR, owing to advancements in these multimedia devices and rise in purchasing
capacity have led to their further adoption in the region, followed by huge
population base.
The major companies profiled in the AV cables for residential market report include Amphenol Corporation, AV Supply group, Black Box Corporation, Belden Inc., Commscope, Foxconn Technology Group (Belkin), LEGRAND SA, Nexans, WESCO International (Liberty AV), and Prysmian Group. The report also includes profiles of some distributors including Extron, and Eurocables.
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