Global Multimedia Chipsets Market Size By Type (Graphics, Audio), By End-User Industry (Consumer Electronics, IT and Telecommunication), By Geographic Scope And Forecast

Multimedia Chipsets Market Size And Forecast

Multimedia Chipsets Market size was valued at USD 33.2 Billion in 2023 and is projected to reach USD 60.2 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.

Okay, so more and more companies are using Multimedia Chipsets these days, and it's all because we're obsessed with smartphones, TVs (especially the smart ones with digital signal processing chips used by IPTV), wearable tech, laptops, even our fridges and ovens! Basically, anything with embedded computing systems. Plus, everyone's online now, loves new gadgets, and is constantly streaming on OTT platforms, watching videos, and gaming. It's a huge boom for the Multimedia Chipsets Market. Want to know all the details? The Global Multimedia Chipsets Market report gives you the full picture. It breaks down the key stuff – segments, trends, what's driving the market, what's holding it back, who the big players are, and everything else that matters.

Global Multimedia Chipsets Market Definition

The Multimedia Chipsets Market is all about small microchips that are built-in electronic devices to make it promising for the miniaturization of large systems and software. The increasing investments due to the growing demand for multimedia chipsets for technological advancement in the semiconductor & electronics industry combined with high living standards and development in emerging economies.

Global Multimedia Chipsets Market Overview

The major factors that drive the growth of global multimedia chipsets are a one-stop solution for the customers that offer OTT services, cable TV services, home networking services through one cable, technological development, a rise in purchasing power, and the growing demand for smartphones with advanced features is one of the main drives behind the growth of this market. The restraints this market is facing would be costly feature-rich devices, higher consumption of batteries by these. Bluetooth systems, and multimedia chipsets.

Low processing competencies, less expanded display, lower firmness of multi-chip module format that is integrated into memory. The opportunities are the new development toolkit for Alexa voice service which is thought to boost smart speakers and smart home applications. These smart services are hand-free portable speakers and networked speakers which require multimedia chipsets, and voice-controlled devices which give a great opportunity for the expansion of the Multimedia Chipsets Market.

Global Multimedia Chipsets MarketSegmentation Analysis

The Global Multimedia Chipsets Market is segmented on the basis of Type, End-User Industry, And Geography.

Multimedia Chipsets Market, By Type

• Graphics
• Audio

Based on Type, The market is segmented into Graphics and Audio. The Audio type has the largest share due to today’s fast-moving tech-savvy world, consumers are switching media consumption from ‘analog’ to ‘digital.’ The people who used to watch the news, entertainment, and other information via printed periodicals, television sets, and radio sets are now adopting more of personal computers, tablet computers, and smartphones. And developments in mobile, video, and wireless technologies have fuelled the growth of on-demand streaming services.

Multimedia Chipsets Market, By End-User Industry

• Consumer Electronics
• IT and Telecommunication
• Media and Entertainment
• Government
• Other End-user Industries

Based on End-User Industry, The market is segmented into Consumer Electronics, IT and Telecommunication, Media and Entertainment, Government, and Other End-user Industries. The Media and Entertainment industry is dominating the market due to its high dependence on movies, web series, gaming, and other videos as well as audio content for entertainment purposes. The increasing adoption of smart devices and high demand for various online streaming apps such as Netflix, Amazon Prime, Hotstar, and many others have accelerated the growth of this market.

Multimedia Chipsets Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Multimedia Chipsets Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is leading the market due to an increase in subscription base for IPTVs and demand for set-top boxes, increasing disposable income, and Government initiatives to promote the adoption of IPTV which results in fueling the market.

Key Players

The “Global Multimedia Chipsets Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Intel Corporation, Qualcomm Inc., Cirrus Logic Inc., Advanced Micro Devices Inc., DSP Group Inc., Apple Inc., Broadcom Corporation, Samsung Group, MediaTek Inc., Texas Instruments.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• January 2022 -Intel Corp said on Friday it would invest more than $20 billion in two new chip-making plants in Ohio, as it looks to boost its production capacity amid a global shortage that is being there of semiconductors which are used in everything from smartphones to cars.

• February 2022- Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc (AMD.O), its biggest rival in the server and PC market, the opportunity to build a greater position in the segment.

• October 2021- Introducing M1 Pro and M1 Maxthe most powerful chips Apple has ever built. Powering the all-new MacBook Pro, new chips feature up to a 10-core CPU, 32-core GPU, 64GB of unified memory, ProRes acceleration, and industry-leading power efficiency.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dive deep into the market, looking at both the economic and non-economic sides, breaking it down with qualitative and quantitative analysis. You'll get the market value (in USD Billion!) for every little piece of the puzzle. We'll point out which areas and segments are set to explode with growth and which ones are already on top. Plus, we'll analyze each region, showing you where the product/service is being used the most and what's driving (or slowing down) the market there. See how the big players stack up against each other in the competitive landscape, complete with details on recent launches, partnerships, expansions, and acquisitions. Get the scoop on the companies themselves with profiles covering overviews, insights, product comparisons, and even a SWOT analysis. We'll also give you the current and future outlook, highlighting opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. To top it off, we'll use Porter's five forces to analyze the market from all angles, giving you insight through the Value Chain and a look at future growth opportunities. And don't forget, you'll also get 6 months of analyst support after your purchase.

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