Market Synopsis
As per the Market Research Future Reports (MRFR), the global Multimedia Chipset Market is estimated to expand at a CAGR of 6% and will approximately value USD 30 billion by the end of the review period. The global multimedia chipset market 2020 poses to be ferociously competitive. Intending to target, position, and segment their sensors into the global market and to propel the market growth, the organizations need to be up to the mark and have to come up with a developed technology method to stand firm in the fierce atmosphere of competition. The major players are spending enormously in research and development for developing and innovating their products perpetually and are seeking market growth through several tactics of merging and acquiring, innovating and producing low-cost product portfolio.
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Established organizations such as Broadcom Corporation (U.S.), NVIDIA Corporation (U.S.), Qualcomm Inc. (U.S.), Intel Corporation (U.S.), Advanced Micro Devices Inc. (U.S.), Cirrus Logic Inc. (U.S.), Apple Inc. (U.S.), DSP Group, Inc. (U.S), Broadcom Corporation (U.S.), are the forefront leaders of multimedia chipset solutions in the global market. The rising demand for internet protocol television is one of the most important factors leading to the growth of multimedia chipset market growth. Owing to the high-speed internet activity, IPTV is attaining popularity among the users.
Market Segmentation
The global multimedia chipset market is segregated into the application, type, end-users, and region.
On the basis of application, the global multimedia chipset market can be divided into handheld devices, home media players, set-top boxes and IPTV, digital cable TV, and others.
On the basis of type, the global multimedia chipset market can be divided into graphics chipsets, audio chipsets, and others.
On the basis of end-users, the global multimedia chipset market can be divided into government, media and entertainment, IT and telecommunications, consumer electronics, and others.
On the basis of region, the global multimedia chipset market can be divided into North America, Europe, Asia Pacific and the Rest of the World.
Regional Analysis
The global multimedia chipset market is analyzed for North America, Asia Pacific, Europe and the Rest of the World (RoW).
The North American market is the most potent land and earns the maximum revenue. Owing to the rising demand for graphics chipsets, used for providing high definition picture quality on the system are some of the important factors propelling the multimedia chipset market growth.
The European countries are turning to be multimedia chipset markets owing to the rise in demand for high-quality audio chipsets used in speakers and are likely to expand at the highest CAGR during the forecast period. The European market is estimated to acquire the second-largest share of the global multimedia chipset market during the forecast period owing to the increasing demand for the developed graphics application in the gaming industry.
The Asia Pacific nations like India, Japan, and China are some of the regions that are developing and leading regions at a global level in terms of market share. It has been estimated that the APAC region will exhibit the maximum CAGR in the forthcoming period.
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Key Players
Some of the forefront competitors in the global multimedia chipset market are Intel Corporation (U.S.), NVIDIA Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Cirrus Logic Inc. (U.S.), Qualcomm Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), Apple Inc. (U.S.), DSP Group, Inc. (U.S.), Broadcom Corporation (U.S.), Samsung Group (South Korea), Marvell Technology Group, Limited (U.S.), Actions Semiconductor Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), MediaTek Inc. (Taiwan), STMicroelectronics (Switzerland), and few others.
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