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.

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