According to Market Research Future (MRFR)’s latest report, the global multimedia chipset market is projected to expand at a CAGR of 6% during the forecast period 2017 to 2023. The report further underscores that the market valuation is anticipated to reach a mark of USD 30 Bn towards the end of the assessment period. The growth of the market can be ascribed to the exponentially rising demand for multimedia devices such as televisions, computers, laptops, etc.
The growth of the gaming industry with the introduction of games such as PUBG which has gained quick mileage globally is likely to influence the expansion of the multimedia chipset market positively over the next couple of years. The rapid developments witnessed in IPTV is further expected to boost the growth trajectory of market in the forthcoming years.
The rising penetration of smartphones coupled with improved internet facilities is anticipated to favor the proliferation of the multimedia chipset market across the projection period. In addition, the growth of wearable devices and the consumer electronics industry are anticipated to fuel the expansion of the multimedia chipset market in the forthcoming years. The initiatives undertaken by the governments for the promotion of digitization is also anticipated to favor the growth of the multimedia chipset market in the years to come.
By type, the global multimedia chipset market has been segmented into audio chipsets, graphics chipsets, and others.
By application, the multimedia chipset market has been segmented into digital cable TV, set-top box & IPTV, home media players, handheld devices, and others.
By end-users, the global multimedia chipset market has been segmented into consumer electronics, IT and telecommunications, media and entertainment, government, and others.
The regional analysis of the global multimedia chipset market spans across Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America is likely to account for a significant share of the global market over the next couple of years. The increasing demand for graphics chipset for the deliverance of high definition picture quality is anticipated to propel the expansion of the multimedia chipset market over the next couple of years. Meanwhile, the growing market presence of high-quality audio chipsets is presumed to boost the growth trajectory of the multimedia chipset market in Europe. The region signifies tremendous potential for growth and is prognosticated to strike a relatively higher CAGR through the assessment period. In Asia Pacific, fast-developing economies such as China, Japan, and India are the major country-level markets projected to contribute substantially towards the development of the market.
The key players operating in the multimedia chipset market are Intel Corporation (U.S.), NVIDIA Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Qualcomm Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Broadcom Corporation (U.S.), Apple Inc. (U.S.), Marvell Technology Group, Limited (U.S.), Actions Semiconductor Co., Ltd. (China), Samsung Group (South Korea), MediaTek Inc. (Taiwan), and STMicroelectronics (Switzerland).
Browse Complete Report “Multimedia Chipset Market Research Report- Forecast to 2023” @ https://www.marketresearchfuture.com/reports/multimedia-chipset-market-5366