HDMI and DisplayPort: Key market research findings
- APAC dominates the market geographically
- Televisions account for a majority of the market’s revenue
- Key vendors – Lattice Semiconductor, NXP Semiconductors, and STMicroelectronics
Technavio’s market research analysts predict that in terms of unit shipments the global market for HDMI and DisplayPort will grow at a CAGR of more than 4% between 2016 and 2020. The market’s growth can be accredited to the increasing integration of DisplayPort technology in laptops and computers. DisplayPort connectors are multi-channel, and a single CPU can be connected to multiple screens to carry the audio and video signals. Furthermore, DisplayPort technology provides higher bandwidth than HDMI, which leads to a high data transfer rate. The global HDMI and DisplayPort market was dominated by the APAC region with a market share of more than 57% during 2015. The strong presence of Taiwan and South Korea as manufacturing hubs for the development and manufacture of consumer electronic goods that use HDMI and DisplayPort technologies coupled with the booming consumer electronics market in India will drive the growth of the HDMI and DisplayPort market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the HDMI and DisplayPort segments based on the product.
“Manufacturers across the globe are focusing on reducing the size and space required within devices to equip them with HDMI and DisplayPort technologies. To improve compatibility between the two interfaces, manufacturers such as Lattice Semiconductor have designed and developed HDPlay transceivers. These transceivers combine both HDMI and DisplayPort functionality in a single IC. This effectively reduces the size and space that each HDMI and DisplayPort components require,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
In 2015, the television segment accounted for more than 51% of the overall market revenue to become the key revenue generating segment of the global HDMI and DisplayPort market. According to our analysts, the television segment will continue its dominance over the global DisplayPort market until 2020. The increase in unit shipments of 4K televisions across the globe will be the primary driving force behind the growth of this segment over the next four years.
The key vendors in the global HDMI and DisplayPort market include Lattice Semiconductor, NXP Semiconductors, and STMicroelectronics. The high demand for smartphones and tablets compels HDMI and DisplayPort vendors to develop HDMI and DisplayPort compatibility with smartphones and tablets to increase their outreach in the market. The entry of new players in the market is restricted mainly due to the presence of large vendors and the need for high capital investment. However, factors like a large number of manufacturers adopting HDMI and DisplayPort standards and the nominal adoption fee (set by HDMI and VESA) will increase the number of adopters in the market during the forecast period.
A more detailed analysis is available in the Technavio report, Global HDMI and DisplayPort Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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