Market Overview
Market Research Future (MRFR) has recently launched an in-depth report on the global multimedia chipset market which is a compilation of key market insights derived from the thorough analysis of the pertinent trends and factors affecting the market. As per MRFR’s analysis, the global multimedia chipset market is set to grow to USD 30 billion by 2023 at a CAGR of 6% over the forecast period (2018-2023). It is driven by the rising development of system-on-a-chip (SoC) processors which can incorporate multiple functions. The rise in gaming, augmented reality (AR), and virtual reality (VR) among consumer is likely to push the demand for multimedia chipsets. Increasing dependence on simulations for testing of cars, buildings, and other concept designs can push for its demand.
Rising penetration of wearables and smartphones can create opportunity for the market. Installation of applications which require the functionality and computing speed of these processors can propel the market growth exponentially. Furthermore, development of music players which are efficient as smart devices coupled with changing standards for communication networking technologies is predicted to bode well for the multimedia chipset market. Conversely, multimedia chipsets require high investment for SoC manufacturing which is likely to be restraint to the market growth. Nevertheless, the market is likely to find growth opportunities in the coming years from the emergence of 5G.
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Segmentation
The global multimedia chipset market has been segmented based on type, application, and end users. By type, the multimedia chipset market has been segmented into audio chipsets, graphics chipsets, and others.
By application, the multimedia chipset market has been segmented into digital cable TV, set-top box & IPTV, home media players, handheld devices, and others.
By end user, the multimedia chipset market has been segmented into consumer electronics, IT and telecommunications, media and entertainment, government, and others.
Regional Analysis
Region-wise, the multimedia chipset market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America market is experiencing the highest demand for multimedia chipsets and is estimated to be the leading market. Escalating demand for graphics chipsets and expanding application range of multimedia chipsets is fostering the growth of the market. Surge in the use of wearables and handheld devices in the region has also spurred the demand for multimedia chipsets.
Continuous demand for multimedia chipsets from the region's gaming industry has substantiated the growth of the Europe multimedia chipset market. Europe accounts for the second most significant share of the market while the APAC market is poised to be the fastest growing market over the forecast period. Fast track digitalization the APAC region coupled with growing penetration of IPTV, set-top box and other electronic gadgets can be credited for the expansion of the market. China, India, and Japan are the key contributors to the APAC multimedia chipset market. Moreover, the region being a major semiconductor manufacturing hub bodes well for the growth of the market.
Competitive Landscape
Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), STMicroelectronics (Switzerland), Actions Semiconductor Co., Ltd. (China), Broadcom Corporation (U.S.), Samsung Group (South Korea), Intel Corporation (U.S.), DSP Group, Inc. (U.S.), Marvell Technology Group, Limited (U.S.), Realtek Semiconductor Corp (Taiwan),
Advanced Micro Devices Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), MediaTek Inc. (Taiwan), NVIDIA Corporation (U.S.), and Apple Inc. (U.S.).
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Industry Updates
June 2019 - MediaTek, a Taiwan-based semiconductor company, introduced a new chipset called the Helio P65. The new multimedia chipset is an upgraded version of previous models. Helio P60 and the Helio P70 and consists of Mali G52 GPU and 64 bit Octa Core CPU which is divided into two separate clusters.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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