Press release
Multimedia Chipsets Market 2021 Rising Demands and Business Outlook- NVIDIA Corporation, Intel Corporation, Qualcomm Inc., Cirrus Logic Inc., Advanced Micro Devices Inc., DSP Group Inc., Apple Inc.
The Multimedia Chipsets Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The multimedia chipsets market has been valued at USD 32.07 billion in 2019, to reach USD 44.86billion by 2025, and registering a CAGR of 6.94% during the forecast period (2020- 2025).
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Competitive Landscape:
Top Companies: NVIDIA Corporation, Intel Corporation, Qualcomm Inc., Cirrus Logic Inc., Advanced Micro Devices Inc., DSP Group Inc., Apple Inc., Broadcom Corporation, Realtek Semiconductor Corporation, Marvell Technology Group Ltd, Samsung Group, MediaTek Inc., ST Microelectronics
Market Overview:
- As improved internet facilities across the world have made it easier for consumers to stream videos online, considerably increasing their numbers over the past few years, graphics chipsets have consistently been holding the larger revenue share in the multimedia chipsets market.
- Furthermore, increasing the adoption of wearable devices, owing to health concerns in the millennial generation, is also anticipated to augment the growth of the market.
- Increasing disposable income, coupled with high adoption of technological advancements in the developing economies, is expected to aid the market growth.
- For instance, in December 2018, Qualcomm Technologies announced its next-generation, modem purpose-built for Internet of Things (IoT) applications, such as asset trackers, health monitors, security systems, smart city sensors, and smart meters, as well as a range of wearable trackers. This modem is cost-effective and consumes 70% less battery compared to its predecessor
Scope of the Report
Rising penetration of high-speed internet connection, increasing demand for functional hardware in various mobile devices and wearable, combined with high growth potential of multimedia chipsets in the gaming industry, are major factors driving the market for multimedia chipsets. This is supported by the set-top box, and IPTV is also driving the demand for multimedia chipsets. China accounts for the most significant number of smartphone users in the world, and had a huge subscription base for IPTVs, making it a key market for multimedia chipset players.
Industry News and Updates:
- August 2018 - Qualcomm had announced its upcoming flagship mobile platform, featured with a system-on-chip (SoC), built on the 7nm process node. The 7nm SoC can be paired with the Qualcomm Snapdragon X50 5G modem, which is anticipated to be the first 5G-capable mobile platform for smartphones and other mobile devices.
Key Market Trends:
Asia-Pacific to Remain a Lucrative Market for Multimedia Chipsets
- Asia-Pacific witnesses a higher demand for handheld devices, set-top boxes, and IPTVs, which form the two most lucrative application sectors for multimedia chipset companies. Multimedia chipsets also require high investments for SoC manufacturing in the region, which complements the fact that APAC is a global hub for semiconductor companies.
- Furthermore, increasing the adoption of 5G services across countries, such as China and India, is expected to aid the market.
- According to GSMA, at a global level, 1.2 billion people are set to have access to 5G networks by 2025, and a third of them are likely to be in China. Throughout the region, the governments, in collaboration with chip manufacturers and smartphone vendors, are putting their best for 5G technologies.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Multimedia Chipsets Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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