ID: MRFR/SEM/3923-HCR | 100 Pages | Published By Ankit Gupta on March 2023
Multimedia Chipset Market will exhibit a CAGR of 6.30% in the forecast period of 2022-2030 and is expected to reach USD 69.32 Billion by 2030
The multimedia chipsets market has been estimated at USD 32.07 billion out of 2020, to arrive at USD 69.32 Billion by 2030, and enrolling a CAGR of 6.30% during the figure time frame (2022 - 2030).
Attributable to the rising interest in handheld cell phones and cell phones, there has been an ascent in the number of clients requesting customer electronic items to watch films and recordings on the web. This has brought about expanded broadband and versatile information traffic. This ascent in versatile information traffic is driving the interest in the fast web.
As further developed web offices worldwide have made it more straightforward for buyers to transfer recordings on the web, impressively expanding their numbers throughout recent years, illustration chipsets have reliably been holding the bigger income share in the interactive media chipsets market.
Moreover, expanding the reception of wearable gadgets, attributable to wellbeing worries in the millennial age, is likewise expected to increase the development of the market.
Expanding discretionary cash flow, combined with high reception of mechanical progressions in the creating economies, is supposed to help the market development.
For example, in December 2018, Qualcomm Technologies declared its future, modem reason worked for Internet of Things (IoT) applications, such as resource trackers, well being screens, security frameworks, brilliant city sensors, and intelligent meters scope of wearable trackers. This modem is financially savvy and consumes 70% less battery than its ancestor.
In any case, higher static costs connected with the arrangement of the assembling unit restrict the improvement of the sight and sound chipsets market.
COVID 19 Analysis:
The estimated CAGR of the market is 6.30% and the value is estimated to reach $69.32 billion by the year 2030. As of the current outbreak of Covid 19 the world is going crazy. Every single business is being affected by downfall in growth. Similarly, Multimedia chipset market reports show major players. With the growing pandemic, the expected purchase, as well as demand for multimedia chipsets, increased. This was because people started working out at their houses during the lockdown period which compelled them to buy multimedia chipset.
The new system of work from home became a thing. As the offices closed, the chipset came in handy. Hence during the pandemic, more and more people traded chipset online. The pandemic brought on a new wave of cellular products. More and more people became concerned about their data and audio/video quality, which also resulted in the demand for the chipset.
The major factors that drive the growth of global multimedia chipsets include companies such as NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Apple Inc. (U.S.), Broadcom Corporation (U.S.) and their contributions for providing a multimedia chipset solution. Other factors include the growing demand for Internet protocol television that is marking a high drive in the multimedia chipset. Internet connectivity and IPTV are the factors that are gaining momentum. These factors contribute majorly to the growing multimedia chipset market.
The opportunities that include the possibility of further growth in the Global multimedia chipset market are the introduction of a development toolkit for Alexa voice service which is thought to boost smart speakers and smart home applications. These smart services include hand-free portable speakers, voice-controlled devices, and networked speakers. All these speakers require multimedia chipsets and hence proved as a great opportunity for the development of the multimedia chipset market.
The restraints that hamper the growth of the global multimedia chipset market include costly feature-rich devices, higher consumption of batteries by these. Bluetooth system, and multimedia chipsets. Low processing capabilities, Less expanded display capabilities, lower resolution lack of multi-chip module format which is integrated with memory. All these factors are thought to hamper the growth of the global multimedia chipset market.
The benefits of having a multimedia chipset include extended battery life and high quality of audio in wireless audio devices. In addition to this, it offers improved low power high-performance quad-core processing capabilities that support customers to build new life-enhancing feature-rich devices. In addition to this these multimedia chipsets when introduced into voice services can boost smart speakers and home applications which include hands-free portable speakers voice control devices and networked speakers.
The Global smart grid sensors market is segmented based on the type based on the application and based on the region as mentioned below.
Based On The Type:
Based on type the smart grid sensors market is divided into auto chipsets and graphic chipsets.
Based On The Application:
The smart grid sensors market is segmented based on the application into digital cable TV, set-top box and IPTV, home media player, handheld devices, and others.
Based On The End-Users:
Based on end-users the global multimedia chipset market is bifurcated into customers electronics, IT, and telecommunications, media, and entertainment, government, and others.
Based on region, smart grid line sensors are segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The region of North America holds the largest US smart grid sensors market share. North America is further bifurcated into two countries such as the US and Canada. The global multimedia chipset market is dominated by North America due to its increasing demand for graphics chipsets which are used to deliver high definition picture quality on the system. These multimedia chipsets propel the multimedia chipset growth.
The region of Europe is further categorized into the UK, France, Germany, Italy, Spain, Russia, and the rest of Europe. Euro is an emerging multimedia chipset market due to its increasing demand for high-quality audio chipset which is used in speakers and is soon expected to show the highest growth over the reviewed period.
The region of Asia Pacific is divided into China, Japan, South Korea, India, Australia, South East Asia, and the rest of the Asia Pacific. The Asia Pacific is estimated to show significant growth in the forecasted period.
Looking at the region of Latin America the region is classified into Brazil, Mexico, and the rest of Latin America. The Middle East and Africa region are divided into GCC Turkey South Africa and the rest of the Middle East and Africa.
The prominent key players of the multimedia chipset market in the global market are mentioned down below-
All these prominent key players play a major road in the dynamics and growth of the multimedia chipset market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base. These major key players contribute majorly to the multimedia chipset demand and in developing innovations to improve the market.
Qualcomm had reported its forthcoming lead versatile stage, which included a framework on-chip (SoC) based on the 7nm interaction hub. The 7nm SoC can be matched with the Qualcomm Snapdragon X50 5G modem, which is expected to be the primary 5G-fit versatile stage for cell phones and other cell phones.
The global multimedia chipsets market is estimated to grow at a rate of 6.30%. With this growth rate, the value is expected to reach USD 69.32 Billion by the year 2030.
The multimedia chipset market share has registered a CAGR of 6.30% during the forecasted period. The global multimedia chipset market in the global market research report consists of the following elements which are mentioned down below
In the global multimedia chipset market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of the multimedia chipset. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. This research report also consists of various analyses, different segmentations, regional analyses, etc. This research report also consists of various strategies and policies followed by the major key players that drive the multimedia chipset market. The future growth rate is also discussed and mentioned in this research report.
Given below is the intended audience for the global multimedia chipset market.
|Market Size||USD 69.32 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Applications, End-Users|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Apple Inc. (U.S.), Broadcom Corporation (U.S.), Marvell Technology Group, Limited (U.S.), Samsung Group (South Korea), Actions Semiconductor Co., Ltd. (China), MediaTek Inc. (Taiwan), NXP Semiconductors N.V. (Netherlands), STMicroelectronics (Switzerland)|
|Key Market Opportunities||The rising demand for graphics chipsets, used for providing high definition picture quality on the system.|
|Key Market Drivers||The growing demand for internet protocol television.|
The multimedia chipset market is predicted to grow at a 6.30% CAGR between 2022- 2030.
The multimedia chipset market is predicted to reach USD 69.32 Billion by 2030.
North America will lead the multimedia chipset market.
Burgeoning demand for internet protocol television is driving the multimedia chipset market growth.
Notable players profiled in the multimedia chipset market include Broadcom Corporation (U.S.), DSP Group, Inc. (U.S), Apple Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), Intel Corporation (U.S.), Qualcomm Inc. (U.S.), NVIDIA Corporation (U.S.), and Broadcom Corporation (U.S.).