Stratview Research delivers key insights on the global HDMI Switch Market. According to Stratview Research, the market is segmented By Type (5-Port Switch, 4-Port Switch, 3-Port Switch, 2-Port Switch, Other), Application (Household, Commercial Use, Industrial Use), and Region.
Market Insights
The growth of the HDMI switch market is driven by the increasing use of blu-ray players, gaming consoles, and TV. Significant product use in households is likely to bolster the market growth at a significant rate during the review period. Moreover, rising product demand in developing countries owing to its superior properties is likely to create lucrative opportunities for the players operating in the global market during the review period.
Market Segments' Analysis
Based on application, the market has been segmented into household, commercial use, and industrial use. Among these, the household segment accounted for the largest market share in 2020 and is expected to propel market growth at a significant rate during the review period. The market growth can be attributed to widespread product usage across geographies.
The market in the North American region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to the established presence of the consumer electronics industry and key market players such as Kinivo (US) and Fosmon (US). The market in Asia-Pacific is expected to be driven by significant growth of the electrical & electronics industry in the developing countries particularly China and India coupled with a rising purchasing power of the consumers.
Key Players
The following are some of the key players in the HDMI Switch Market:
· Kinivo (US)
· Fosmon (US)
· ZettaGuard (US)
· J-Tech Inc. (US)
· Etekcity (US)
· Sustainable OneWorld Technologies C.I.C. (UK)
· Enko (US)
· Cable Matters Inc. (US)
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