Global Multimedia Chipsets Market Key Facts and Forecast Predictions Presented Until 2023

Posted on 2018-04-13 by Mark Hub in Technology // 0 Comments

Albany, USA, 2018-Apr-13 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market Multimedia Chipsets, Market Research Reports Search Engine (MRRSE) has included a new report titled “Multimedia Chipsets Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

To Get Sample PDF or View Summary of report Visit @ https://www.mrrse.com/sample/1537

The multimedia chipsets market is intensely competitive, characterized by the high levels of competition among top players to constantly diversify their offerings in the two primary segments-graphics chipsets and audio chipsets, notes MRRSE. The markets for both the segments features a fairly consolidated landscape with a vast scope of product differentiation. In the graphics chipsets market, the top three players-Advanced Micro Devices, Inc., NVIDIA, and Intel—held a combinedly whopping share of 98.2% in 2014. The top three makers of audio chipsets jointly held a substantial share of 69.4% in the same year, finds MRRSE. These leading players are Realtek Semiconductor Corporation, Qualcomm, and Cirrus Logic, Inc. These players are in constant pursuit of diversifying their products and are focused on developing innovative products for a variety of multimedia applications, in order to consolidate their shares in various regions.

Fueled by low investment required for entering the market, the threat of entry from new players is expected to intensify in the coming years, observes MRRSE. A number of players are collaborating with various chip makers and forming partnership agreements to bring down the high cost of setting of manufacturing units in the initial years. Competitive pricing and the development of high-performance multimedia chipsets are the key strategies adopted by several players to gain a competitive edge over others.

Witnessing ample growth opportunities in the gaming industry and accelerating adoption of multimedia chipsets in wearable devices, the global multimedia chipsets market is projected to rise at a CAGR of 6.6% from 2015 to 2023, in terms of revenue. Growing at this pace, the market is predicted to reach a valuation of US$40.99 bn by the end of the forecast period.

Regionally, currently Asia Pacific dominates the global market and is expected to retain its lead throughout the forecast period. The growth is expected to be driven by the substantial and steady demand for hand-held multimedia devices, IPTV, and set top boxes. Based on function, the market is led by the graphics chipsets segment and is predicted to remain so throughout the forecast period, primarily attributed to their growing applications in video streaming functionalities in consumer electronics.

Rising Wave of Next-Generation Smartphones and Wearable Devices Boost Market

The rapidly rising demand for cost-effective, highly functional hardware in a variety of mobile devices, including smartphones and wearable, is a key factor driving the market. The growing demand for feature-rich multimedia handsets in the areas of gaming and consumer electronics is vastly propelling the demand for advanced multimedia chipsets. These chipsets enable marked form factor reductions and high-quality video streaming in various wireless devices. In addition, their architecture enables multitasking on these multimedia devices, thereby bolstering their demand. The coming wave of sophisticated wearable devices and smartphones is a key trend expected to boost the multimedia chipsets market. The rapidly increasing internet penetration in several emerging economies has further accentuated the demand for these electronic devices.

To Access Complete Research Report with Tables and Figures @ https://www.mrrse.com/multimedia-chipsets-market

Furthermore, the accelerating demand for chip architecture to support advanced graphics application in the gaming industry is expected to catalyze the growth of the multimedia chipsets market.

Increased Standardization of Hardware in Consumer Electronic May Limit Prospects

The growing prominence of system-on-chip architecture has expedited the market for hardware components to mature faster, calling for increased standardization of hardware components. This further translates into high rate of commoditization. This has led a number of IT product development companies to focus on investing on new system software, rather than in chip making. These factors are likely to hinder the multimedia chipsets market to an extent.

Be that as it may, sustained and consistent research and development activities by chip makers have enabled them to overcome these challenges and boost the multimedia chipsets market. Furthermore, the gains accrued due to the expanding adoption of internet protocol television (IPTV) and set top boxes are anticipated to provide a robust impetus to the market growth. The high level of penetration of smartphones and electronic devices in developed economies is further anticipated to sustain the market growth over the forecast period. In addition, the rising demand for IPTV and smart TVs is predicted to unlock numerous exciting opportunities for manufacturers and vendors in the multimedia chipsets market.

This report also provides an understanding of revenue (USD Billion) of multimedia chipsets market. The study also provides forecast from 2015-2023 and highlights current and future market trends.

By geography, the market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America. This report helps distributors, suppliers and manufacturers to formulate strategies based on understanding of the trends in this market.

The leading players in the Multimedia chipsets market include Realtek Semiconductor Corp., Qualcomm Inc, Advanced Micro Devices Inc, Cirrus Logic Inc., Intel Corp. and NVIDIA Corporation.

Send an Enquiry @ https://www.mrrse.com/enquiry/1537

Global Multimedia Chipsets Market by Function

Functions covered under this research study are:

Audio chipsets
Graphics chipsets

Global Multimedia Chipsets Market by Application

Digital cable TV
Set top box and IPTV
Home media players(audio and video)
Handheld devices
Others

Global Multimedia Chipsets Market by Geography

North America
- U.S
- Others
Europe
- U.K
- Italy
- France
- Others

About MRRSE

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Matched content

Editor’s pick