0

Global AV Cables for Residential Market Expected to Reach $502.1 Million by 2026

 
2022
Global AV Cables for Residential Market

Report Code : A05714

quote 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. quote

Ankit Prajapati
Lead Analyst, Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, 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.

Key Finding of The AV Cables for Residential Market:

  • 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.

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.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote AV Cables for Residential Market by Type (HDMI, RCA, DVI, VGA, and Others), Components (Connectors and Adapters), and Cable Category (Copper Cable, Fiber Optic, and Coaxial Cable): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Feb 2024

HIV Injection Market

Download Sample
rep-img

Published Date Feb 2024

Solid State Relay Market

Download Sample

Buy Full Version
"Global AV Cables for Residential Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers