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Allied Market Research

Audio and Video Cables Market By Type (HDMI, RCA, DVI, VGA, Others), Component (Connectors, Adapters), Cable Type (Copper Cable, Fiber Optics, Coaxial Cables), and Application (Telecommunication, Multimedia, Education, Hospitality, Others), Global Opportunity Analysis and Industry Forecast, 2021–2030

A12208
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Sep 2021 | 78 Views
   
Author(s) : Vijay Poola
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COVID-19

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Audio and Video Cables Market Outlook- 2030

An audio and video cable is commonly referred to as an AV cable. It is used to link several pieces of audio-visual devices such as films, television shows, business conferences, church services, and live theatrical plays. There are several types, depending on the number of sound channels, visual channels, and control signals and can be chosen in several connections.

Some sectors, such as electronics and multimedia, attempt to standardize on a single connection family, such as the XLR, although the standard varies by industry, company, and time. HDMI, coaxial cables, and fiber optic cables are commonly used to transfer AV signals because they allow faster and more efficient data transfer between terminals. Attributed to its greater bandwidth and data transfer rate, DVI cables are used for gaming. Furthermore, as homes adopt more multimedia equipment, the need for AV cables in the residential sector is estimated to rise. All these factors are creating lucrative opportunities for the audio and video cables market globally.

The global audio and video cables market is segmented on the basis of type, component, cable type, application, and region. Based on type, the market is divided into HDMI, RCA, DVI, VGA, others. In terms of component, the market is categorized into connectors and adapters. On the basis of cable type, the market is divided into copper cable, fiber optics, coaxial cables. On the basis of application, the market is divided into telecommunication, multimedia, education, hospitality, others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global audio and video cables industry include Amphenol Corporation, WESCO International, AV Supply group, Black Box Corporation, Belden Inc., Commscope, LEGRAND SA, Nexans, Prysmian Group, Foxconn Technology Group. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global audio and video cables market.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Component, Cable Type, Application, and Region

  Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

Amphenol Corporation, WESCO International, AV Supply group, Black Box Corporation, Belden Inc., Commscope, LEGRAND SA, Nexans, Prysmian Group, Foxconn Technology Group

 

COVID-19 Impact Analysis

The disease has spread to almost every country in the world since the COVID-19 viral outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. The global effects of the coronavirus illness 2019 (COVID-19) are already being felt.

The use of audio-video equipment for video conferencing and business meetings during "work from home" raised the demand for audio and video cables market share during the coronavirus epidemic. During the global lockdown, however, the sales channel and production activities were significantly disrupted.

Top Impacting Factors

The rise in demand for 4K/UHD televisions and increased use of audio, video, and small multimedia devices are some of the drivers helping the audio and video cables industry. However, as the use of wireless streaming platforms has grown, the need for AV cables has decreased, which is a restraining factor in the audio and video cables market.

The audio and video cables market is expected to benefit from the growth in the multimedia and entertainment industry as well as advancements in HDMI cable for increased bandwidth linked to display technology.

Surge in Usage in Audio Video Devices and Miniature Multimedia Devices

There has been an increase in the use of audio-visual multimedia devices with AV I/O connectors. The Internet of Things (IoT) and artificial intelligence (AI) have fueled the demand for audio visual devices with AV connections such as home theatre systems. Home theatre systems that are connected with artificial intelligence software, such as Alexa, Google Assistant, and others, give users with built-in intelligence and convenience.

Multimedia gadgets, such as DVD players and music systems, also include connections for connecting to video panels and vice versa, increasing the potential for rise in usage of audio and video cables. The growing popularity of small multimedia devices, such as video cameras, digital cameras, peco projectors, and other new gadgets, that need AV cables for connection is surging the audio and video cables market opportunity.

Furthermore, the latest HDMI connections, which are compatible with the latest audio video quality, are used in the development of mobile camera photography programs that give 4K movies and enhanced 360-degree video capture.

Key Segments Covered

Segment

Sub-Segment

  Type

  • HDMI
  • RCA
  • DVI
  • VGA
  • Others

  Component

  • Connectors
  • Adapters

  Cable Type

  • Copper Cable
  • Fiber Optics
  • Coaxial Cables

  Application

  • Telecommunication
  • Multimedia
  • Education
  • Hospitality
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the audio and video cables market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the audio and video cables market trends.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the audio and video cables market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed audio and video cables market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Audio and Video Cables Market Report

  • Which are the leading players active in the audio and video cables market size?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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