Multimedia Chipsets

Multimedia Chipsets

Global Multimedia Chipsets Market to Reach US$67.6 Billion by 2030

The global market for Multimedia Chipsets estimated at US$43.5 Billion in the year 2023, is expected to reach US$67.6 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Graphics Chipsets, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$43.7 Billion by the end of the analysis period. Growth in the Audio Chipsets segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 9.6% CAGR

The Multimedia Chipsets market in the U.S. is estimated at US$11.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Multimedia Chipsets- Key Trends and Drivers Summarized

The multimedia chipset market is experiencing significant growth, driven by the surge in demand for advanced consumer electronics like smartphones and tablets, coupled with an increase in internet bandwidth and streaming services. This trend is further supported by the global increase in broadband and mobile data traffic, which fuels consumer appetites for streaming high-definition videos and multimedia content. As a result, the market is witnessing a pivotal shift from traditional media consumption to digital formats, facilitated by enhanced internet capabilities that allow seamless access to multimedia content. Notable developments, such as Qualcomm Technologies` introduction of a new modem designed for Internet of Things (IoT) applications, emphasize the role of innovation in driving market expansion. These advancements not only enhance efficiency and reduce battery consumption but also cater to a broader range of applications, including health monitors and smart meters, showcasing the diverse application spectrum of multimedia chipsets.

Technological evolution continues to shape the multimedia chipset market, with significant contributions from regions like the Asia-Pacific, which is a major hub for both consumption and semiconductor manufacturing. The growing deployment of 5G services in countries like China and India is accelerating regional market growth, supporting higher bandwidth applications and enriching user experiences with high-speed internet. Despite challenges such as the high initial costs associated with setting up new manufacturing units, the market is buoyed by rising disposable incomes and rapid technological adoption in developing economies. Innovations led by key industry players like NVIDIA Corporation and Intel Corporation focus on enhancing chipset performance and energy efficiency, crucial for powering modern multimedia applications ranging from virtual reality gaming to sophisticated in-vehicle infotainment systems.

The market growth is influenced by several key factors: the shift towards high-resolution content, including 4K and 8K video, demands chipsets capable of handling high-definition signals efficiently. The proliferation of artificial intelligence (AI) across devices necessitates chipsets that can process complex AI algorithms, enhancing device functionality and user interaction. The expanding markets for augmented reality (AR) and virtual reality (VR), particularly in gaming and simulations, require robust chipsets capable of delivering immersive audio-visual experiences. Additionally, advancements in connectivity standards like Wi-Fi 6 and the expansion of 5G networks support the development of chipsets that facilitate high-speed, low-latency communications. The growth in IoT and smart home devices, which often manage complex multimedia content, alongside consumer demand for multi-device integration, underscores the need for versatile multimedia chipsets. These factors, together with innovations in consumer electronics, drive the continuous evolution and demand for multimedia chipsets, highlighting the dynamic nature of this market and the ongoing need for technological adaptation and innovation.

Select Competitors (Total 14 Featured) -

• Advanced Micro Devices, Inc.
• Apple, Inc.
• Broadcom Ltd.
• Cirrus Logic, Inc.
• DSP Group, Inc.
• Intel Corporation
• Marvell Technology Group Ltd.
• Mediatek, Inc.
• NVIDIA Corporation
• Qualcomm Inc.
• Realtek Semiconductor Corp.
• STMicroelectronics NV

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.