Technavio Announces the Publication of its Research Report Global HDMI and Display Port Market 2016-2020
Technavio recognizes the following companies as the key players in the global HDMI and display port market: Lattice Semiconductor, NXP Semiconductors, and STMicroelectronics.
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Commenting on the report, an analyst from Technavios team said: Growth of digital signage market will be a key trend for market growth. Digital signage is used in navigation, place making, exhibitions, public installations, marketing, and outdoor advertising. It uses technologies like LCD, LED, and projection to display content such as digital images, video, and information and can be found in public spaces, transportation systems, museums, stadiums, retail stores, hotels, restaurants, and corporate buildings. Interfaces such as HDMI and DisplayPort enable digital signage to display information from the source device to display device.
According to the report, increasing adoption of DisplayPort technology in laptops and computers will be a key driver for market growth. The increasing adoption of DisplayPort technology in laptops and computers is one of the major growth drivers in the global HDMI and DisplayPort market. DisplayPort interface has almost replaced the hodgepodge of digital video connectors that were used in PCs and laptops. DisplayPort connectors are multi-tasking, and a single CPU can be connected to multiple screens and carry the audio and video signals. In addition, DisplayPort technology provides higher bandwidth than HDMI, which leads to high data transfer rate. As of 2016, the DisplayPort interface is available in USB-C type format on some high-end devices such as Apple MacBook.
Further, the report states that intense competition among vendors will be a challenge for the market. The global HDMI and DisplayPort market is a highly technology-intensive market. Vendors compete based on the quality of A/V output delivered through technologically advanced products. The market is characterized by some large-scale and small-scale vendors. Small-scale vendors provide similar technologies at affordable prices, which makes them popular among the end-users and poses a threat to the dominance of large-scale vendors. Vendors also compete by offering the technologies at low prices, which might affect the quality of the equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About HDMI and DisplayPort
HDMI, which expands to High-Definition Multimedia Interface, was developed in 2002. It is a registered audio/video (A/V) interface that transfers video and audio data from a compliant source device (such as display controllers) to a display device (such as PC monitors, projectors, televisions, or digital audio devices).
DisplayPort is an A/V interface developed by the Video Electronics Standards Association (VESA) in 2006. The interface is used to develop a link between a video source and a display device and transfer data through USB and other forms. It was the first interface to use packetized data transmission, which is also available in the likes of the Ethernet, USN, and PCI Express.
Technavios analysts forecast the global HDMI and DisplayPort market to grow at a CAGR of 2.9% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global HDMI and DisplayPort market for 2016-2020. To calculate the market size, the report considers the revenue generated from unit shipments of devices embedded with HDMI and DisplayPort technologies.
The market is divided into the following segments based on geography:
Technavio’s report, Global HDMI and DisplayPort Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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