Global Multimedia Chipset Market growing at a CAGR of 6.7% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Dec 2023
Key Market Overview
The Global Multimedia Chipset Market was valued at USD 33,771.72 Million in 2022, projected to grow by USD 35,266.46 Million in 2023, and is expected to register a compound annual growth rate of 6.7% to reach USD 59,458.92 Million in 2031.
The report highlights the increasing adoption of multimedia chipset in media & entertainment, consumer electronics, automotive, and other sectors. Consegic Business Intelligence provides an inclusive research report on the multimedia chipset market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Multimedia Chipset Market By Overview
The report analyses significant segments such as type, application, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of audio chipsets in consumer electronics and automotive industries among others. Moreover, the rising innovations associated with graphics chipset and increasing deployment of graphics chipset in media & entertainment, consumer electronics, and other industries is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Growing media & entertainment sector is driving the market growth.
- Rising utilization of multimedia chipsets in consumer electronics industry is spurring the market growth.
Restraints:
- Limitations and operational challenges associated with multimedia chipsets is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Audio Chipset, Graphics Chipset, and Others |
| By Application | Digital TV, Media Players, Gaming Consoles, Smartphones, Tablets, Wearable Devices, Infotainment System, and Others |
| By End-User | Consumer Electronics, Automotive, Media & Entertainment, IT & Telecommunication, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global multimedia chipset market is highly competitive due to the presence of major players such as Intel Corporation, Advanced Micro Devices Inc., MediaTek Inc., Qualcomm Technologies Inc., and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in multimedia chipset market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Intel Corporation
- Advanced Micro Devices Inc.
- MediaTek Inc.
- Qualcomm Technologies Inc.
- NVIDIA Corporation
- DSP Group
- Broadcom
- Samsung
- STMicroelectronics
- Realtek Semiconductor Corp.