New York, United States , Aug. 20, 2024 (GLOBE NEWSWIRE) -- The Global Multimedia Chipsets Market Size is to Grow from USD 31.40 Billion in 2023 to USD 60.38 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.76% during the projected period.
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A chipset is a collection of electronic components that work together to enable a computer system to operate. In general, it is made up of Northbridge and Southbridge. Southbridge manages slower peripheral devices including USB ports, hard disks, and audio interfaces. At the same time, the Northbridge facilitates high-speed communication between the processor, memory, and graphic card. The multimedia chipsets market focuses on small microchips embedded in electronic devices, with the potential to miniaturize enormous systems and software. Investments are increasing as a result of increased demand for multimedia chipsets for technological advancement in the semiconductor and electronics industries, as well as rising living standards and development in emerging economies. The chipset’s primary job is to control data flow between memory, processors, and peripherals. Rising consumer demand for IPTV is a significant driver of the multimedia chipset industry's expansion. IPTV is a one-stop solution for users, providing OTT services, cable TV services, and home networking services through a single cable, making it a more desirable technology and pushing IPTV adoption rates. Furthermore, multimedia chipset creation and incorporation necessitate challenging technologies, posing manufacturing and implementation obstacles.
Browse key industry insights spread across 230 pages with 98 Market data tables and figures & charts from the report on the "Global Multimedia Chipsets Market Size, Share, and COVID-19 Impact Analysis, By Type (Graphics, Audio, and Others), and By End-user Industry (Consumer Electronics, IT and Telecommunication, Media and Entertainment, Government, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033"
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The audio segment dominates the market with the highest market share of the multimedia chipsets market during the projected timeframe.
Based on the type, the multimedia chipsets market is divided into graphics, audio, and others. Among these, the audio segment dominates the market with the highest market share of the multimedia chipsets market during the projected timeframe. This is because of the increased use of audio devices in educational institutions and e-learning platforms. An audio chipset is a semiconductor device that generates audio signals via analog, digital, or mixed-mode circuitry. Audio chipsets are frequently based on metal-oxide-semiconductor mixed-signal circuits that process audio signals.
For instance, in October 2023, Qualcomm Technologies International, Ltd. introduced the Qualcomm S7 and S7 Pro Gen1 Sound Platforms. These are the most advanced audio platforms yet created, designed for earbuds, headsets, and microphones. The combination of high-performance, low-power computing, on-device AI, and improved connectivity could result in a new era of audio innovation, resulting in innovative consumer experiences.
The media and entertainment segment is predicted to account for the largest revenue share of the multimedia chipsets market during the projected timeframe.
Based on the end-user industry, the multimedia chipsets market is divided into consumer electronics, telecommunication, media and entertainment, government, and others. Among these, the media and entertainment segment is predicted to account for the largest revenue share of the multimedia chipsets market during the projected timeframe. The media and entertainment industries, which involve video rendering and high-resolution photo editing, require acceptable network performance, driving up demand for multimedia chipsets. As a result, progress towards 5G capabilities continues to meet the growing demand for rapid information. The expanding use of smart devices, combined with high demand for various online streaming apps that include Netflix, Amazon Prime, Hotstar, and others, has accelerated the market's development.
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North America is expected to hold the largest share of the multimedia chipsets market over the forecast period.
North America is expected to hold the largest share of the multimedia chipsets market over the forecast period. The North American market is primarily driven by uses in media and entertainment, automobiles, consumer electronics, and various other industries. Furthermore, the growing usage of multimedia chipsets in the media and entertainment sectors to improve efficiency at all phases of media workflows, including management, creation, processing, and delivery, has served as a major driver of market growth in the region.
Europe is predicted to grow at the fastest pace in the multimedia chipsets market during the projected timeframe. The growth of mobile subscribers in Western Europe is predicted to provide significant opportunities for the multimedia chipset market. This is owing to increased investment in multimedia chipset technology by regional telecom operators, multiple government programs to accelerate multimedia chipset research and innovation, and increasing demand for high-speed internet and broad coverage with minimal latency and power consumption. These factors are expected to drive the multimedia chipset market.
Asia Pacific market is significantly growing due to an increase in IPTV subscriptions and demand for set-top boxes, increasing disposable income, and government programs encouraging IPTV use, all of which are driving the market. Asia Pacific multimedia chipsets get major investment for SoC manufacturing, strengthening the region's position as a worldwide semiconductor powerhouse. China has the most smartphone users in the world, making it a key market for multimedia chip manufacturers.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the frozen seafood market include Premium Seafood Company Inc, The Sirena Group, M&J Seafood Ltd, Beaver Street Fisheries, Mazetta Company LLC, High Liner Foods Inc, Mowi ASA, Forster Frozen Foods Pvt Ltd., IFC Frozen Seafoods, Castlerock Inc, Sterling Seafood Corp., Clifton Seafood Company, Marine Harvest ASA, Austevoll Seafood ASA, Charoen Pokphand Foods, and Other key companies.
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Recent Developments
- In June 2024, Valens Semiconductor, the leader in high-performance connection, confirmed that dozens of products from major audio-video businesses would include its newest chipset, the VS6320 USB 3.2 extension solution, and would be unveiled at the top industry conference, InfoComm 2024.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the multimedia chipsets market based on the below-mentioned segments:
Global Multimedia Chipsets Market, By Type
- Graphics
- Audio
- Others
Global Multimedia Chipsets Market, By End-user Industry
- Consumer Electronics
- IT and Telecommunication
- Media and Entertainment
- Government
- Others
Global Multimedia Chipsets Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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