India HDMI Cables Market is expected to reach 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.
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 an 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.
Key Players:
- 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 more.
The post India HDMI Cables Market to Grow at 5.23% CAGR by 2026 appeared first on ELE Times.
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