The Global Market for Multimedia Chipsets is Projected to Reach US$28.4 Billion by 2020
Rising Demand for High-End Electronics Drives Growth in
the Multimedia Chipsets Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Multimedia Chipsets market. The
global market for Multimedia Chipsets is projected to reach US$28.4 billion by
2020, driven by growing demand for high-end multimedia devices such
as smartphones, tablets, and smart TVs, among others
Multimedia chipsets or
multimedia SoCs are critical to various electronic devices, especially those
that require multimedia content processing. These chipsets include various
components such as CPU, GPU, modems, multimedia processors, DSPs, sensors, as
well as software required to perform various multimedia applications. Healthy
sales of tablets, smartphones, digital cameras, HDTVs, set-top boxes, digital
TVs and digital audio players, are driving demand for multimedia chipsets.
Multimedia SoCs are used for achieving longer battery life, longer video
playback, quick start-up, and simultaneous video playback. Use of multimedia
SoCs in game terminals is expected to fuel market growth in the coming years. Given
the growing need to achieve reductions in power, cost and space, integration of
analog interfaces into multimedia SOCs is fast gaining momentum. The trend of
developing own chip solutions among OEMs is gaining traction, in a bid to
counter high operating costs. Redesigning of SoCs is being performed for next
generation set top boxes, which support a wide portfolio of DRM to meet content
security requirements. Rising Penetration of LTE is driving gains, spurring
semiconductor companies to roll out 4G
LTE chipsets in recent years with varying and growing performance
capabilities.
Demand for wireless
connectivity chipsets is soaring worldwide, driven by the ubiquitous need for wireless
networking and mobile computing. The growing prominence of Internet of Things
is also driving gains in the market, as these components are critical for
enabling communication and providing data via user interfaces. The growth in
smart TVs is fuelling sales of chipsets, which have emerged to incorporate more
processor cores to offer similar computing power of CPUs and GPUs present in
PCs and smartphones along with advanced audio/video capabilities. Rising Ultra
HDTV demand is spurring the development of chipsets that support next
generation Ultra HDTV features and standards. 4K SoC chips are being introduced
for supporting a wide range of ultra HD video compression standards for next
generation TV set-top boxes that are used for streaming in Ultra HD.
As stated by the new
market research report on Multimedia
Chipsets, Asia-Pacific represents the largest market worldwide. The
region is forecast to register the fastest growth with a CAGR of 7.6% over the
analysis period. Growth in Asia is supported by developing Asian economies,
increasing urbanization, growing employment opportunities, rising spending
power of the huge middle class population and a robustly growing domestic electronics
industry.
Major players covered in
the report include Actions Semiconductor Co., Ltd., ALi Corporation, Ambarella,
Inc., Broadcom Corporation, Ceva Inc., Marvell Technology Group MediaTek Inc.,
Qualcomm Incorporated, Samsung Group, Spreadtrum Communications, STMicroelectronics,
Texas Instruments, and ViXS Systems Inc., among others
The research report titled
“Multimedia Chipsets: A Global Strategic Business
Report” announced by Global Industry
Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market estimates and
projections in US$ Million for all major geographic markets such as US, Canada,
Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe),
Asia-Pacific (China, South Korea, Taiwan, and Rest of Asia-Pacific), and Rest
of World.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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