Multimedia Chipset Market Subjected to Expand to Showcase Rampant Growth by 2023
Market Synopsis
As per the Market Research Future Reports (MRFR), the global Multimedia
Chipset Market is estimated to expand at a CAGR
of 6% and will approximately value USD 30 billion by the end of the review
period. The global multimedia chipset market 2020 poses to be ferociously
competitive. Intending to target, position, and segment their sensors into the
global market and to propel the market growth, the organizations need to be up
to the mark and have to come up with a developed technology method to stand
firm in the fierce atmosphere of competition. The major players are spending
enormously in research and development for developing and innovating their
products perpetually and are seeking market growth through several tactics of
merging and acquiring, innovating and producing low-cost product portfolio.
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Established organizations such
as Broadcom Corporation (U.S.), NVIDIA Corporation (U.S.), Qualcomm Inc.
(U.S.), Intel Corporation (U.S.), Advanced Micro Devices Inc. (U.S.), Cirrus
Logic Inc. (U.S.), Apple Inc. (U.S.), DSP Group, Inc. (U.S), Broadcom
Corporation (U.S.), are the forefront leaders of multimedia chipset solutions
in the global market. The rising demand for internet protocol television is one
of the most important factors leading to the growth of multimedia chipset
market growth. Owing to the high-speed internet activity, IPTV is attaining
popularity among the users.
Market Segmentation
The global multimedia chipset market is segregated into the
application, type, end-users, and region.
On the basis of application, the global multimedia chipset market
can be divided into handheld devices, home media players, set-top boxes and
IPTV, digital cable TV, and others.
On the basis of type, the global multimedia
chipset market can be divided into graphics chipsets, audio chipsets, and
others.
On the basis of end-users, the global multimedia
chipset market can be divided into government, media and entertainment, IT and
telecommunications, consumer electronics, and others.
On the basis of region, the global multimedia
chipset market can be divided into North America, Europe, Asia Pacific and the
Rest of the World.
Regional Analysis
The global multimedia chipset market is
analyzed for North America, Asia Pacific, Europe and the Rest of the World (RoW).
The North American market is the most potent
land and earns the maximum revenue. Owing to the rising demand for graphics
chipsets, used for providing high definition picture quality on the system are
some of the important factors propelling the multimedia chipset market growth.
The European countries are turning to be
multimedia chipset markets owing to the rise in demand for high-quality audio
chipsets used in speakers and are likely to expand at the highest CAGR during
the forecast period. The European market is estimated to acquire the
second-largest share of the global multimedia chipset market during the
forecast period owing to the increasing demand for the developed graphics
application in the gaming industry.
The Asia Pacific nations like India, Japan, and
China are some of the regions that are developing and leading regions at a
global level in terms of market share. It has been estimated that the APAC
region will exhibit the maximum CAGR in the forthcoming period.
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Key Players
Some of the forefront competitors in the global multimedia
chipset market are Intel Corporation (U.S.), NVIDIA Corporation (U.S.), Realtek
Semiconductor Corp (Taiwan), Cirrus Logic Inc. (U.S.), Qualcomm Inc. (U.S.),
Advanced Micro Devices Inc. (U.S.), Apple Inc. (U.S.), DSP Group, Inc. (U.S.),
Broadcom Corporation (U.S.), Samsung Group (South Korea), Marvell Technology
Group, Limited (U.S.), Actions Semiconductor Co., Ltd. (China), NXP
Semiconductors N.V. (Netherlands), MediaTek Inc. (Taiwan), STMicroelectronics
(Switzerland), and few others.
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