Press release
Multimedia Chipset Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Marvell Technology Group and NVIDIA Corporation are key players.
The prime factors propelling the growth of the multimedia chipset market are the rise in data center establishments and the expansion of the electronics industry.As per the report, the multimedia chipsets market is expected to grow at a steady pace.
A multimedia chipset is a type of integrated circuit specifically designed to handle multimedia tasks such as video playback, audio processing, and graphics rendering and is expansively used in devices that place critical importance on multimedia capabilities, such as smartphones, tablets, and laptops. The increase in data centers worldwide is increasing the demand for multimedia chipsets such as NVIDIA Tesla T4. Multimedia chipsets are adopted in data centers to accelerate the processing of large amounts of data, such as in ML and AI applications, and improve the performance of multimedia applications. Further, they reduce the energy consumption of data centers by offloading multimedia processing tasks to dedicated hardware and reducing the workload on general-purpose CPUs resulting in significant energy savings.
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https://www.knowledge-sourcing.com/report/multimedia-chipset-market
The multimedia chipset market has been segmented into type, end-user, and geography.
By type, the market has been classified into graphics, audio, and others. The graphics and audio multimedia chipset segments are expected to hold a major market share, driven by rapid advancements in graphic technology and audio systems. The rising consumption of smartphones, tablets, laptops, gaming consoles, and desktops is generating a high demand for graphics and audio multimedia chipsets.
Gaming consoles like the PlayStation and Xbox use advanced graphics and audio multimedia chipsets to provide high-quality gaming experiences. In contrast, graphics and audio multimedia chipsets are being consumed in computers and laptops to support tasks such as video editing, graphic design, and gaming. In addition, the growing consumption of smart TVs is stimulating the demand for these segments as smart TVs require advanced graphics and audio capabilities to support streaming services and other multimedia content.
Based on end-user, the segmentation has been done into automotive, consumer electronics, communication, media and entertainment, and others. The media and entertainment division is projected to contribute majorly to the growth of the multimedia chipset market. In the media and entertainment sector, multimedia chipsets are used in various applications such as streaming, gaming, video editing, and virtual reality by enabling high-quality audio and video playback, smooth graphics rendering, and faster multimedia content processing. In the streaming sector, multimedia chipsets enable high-quality audio and video content streaming by supporting popular streaming formats such as H.264, H.265, and VP9, which require significant processing power.
Further, the expansion of the gaming industry is increasing the market share of the media and entertainment sector in the multimedia chipset market, as multimedia chipsets play a critical role in providing a high-quality gaming experience and are responsible for rendering graphics and handling audio, two essential elements of gaming. In addition, the expansion of VR technology is increasing the consumption of multimedia chipsets as they are responsible for rendering 3D graphics and providing a high frame rate, which is essential for an efficient VR experience.
By region the Asia Pacific region is anticipated to hold a major share of the multimedia chipset market due to the rising consumption of consumer electronics. For instance, a collaboration by AWS and Lumikai, a VC firm in India funding gaming and media companies, revealed that the number of online video gamers in India increased from 150,000 in 2021 to 600,000 in 2022, which is increasing the consumption of gaming consoles and encouraging the adoption of multimedia chipsets in other gaming mediums such as smartphones and laptops.
The major players covered in the multimedia chipset market study are Apple Inc., Samsung Group, Intel Corporation, Qualcomm Incorporation, Marvell Technology Group, NVIDIA Corporation, MediaTek Inc., Broadcom Corporation, Realtek Semiconductor Corporation, and DSP Group Inc.
This multimedia chipset market has been analyzed into the following segments:
• By Type
o Graphics
o Audio
o Others
• By End-User
o Automotive
o Consumer Electronics
o Communication
o Media and Entertainment
o Others
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Explore More Reports:
• 4k Technology Market: https://www.knowledge-sourcing.com/report/4k-technology-market
• Global Microphone Market: https://www.knowledge-sourcing.com/report/global-microphone-market
Contact Us:
Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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