Multimedia Chipset Market Size was valued at USD 35.29 Billion in 2023. The Multimedia Chipset industry is projected to grow from USD 37.51 Billion in 2024 to USD 57.54 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.49% during the forecast period (2024 - 2032). Increased interest in IPTV and rising interest in portable electronic gadgets and smartphones are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for multimedia chipsets is driven by the rising use of wearable technology because of millennial preoccupation with health and fitness. Moreover, many want to buy consumer electronics to stream movies and TV shows online, driving demand for portable mobile devices and smartphones. Broadband and mobile data traffic have surged as a result. Because of this explosion in mobile data usage, faster internet connections are in high demand. Graphics chipsets have consistently held the bigger revenue share in the multimedia chipsets market. Better internet infrastructure worldwide has made it easier for users to stream videos online, significantly increasing their numbers over the previous several years. Demand for multimedia chipsets is expected to rise due to the issues mentioned above in the future.
Additionally, the expanding availability of high-speed internet is rising demand for functional hardware in a wide range of mobile and wearable devices. The rising popularity of mobile devices has resulted in a greater need for chipsets that can handle complex tasks like playing and recording 4K video, using 3D graphics, etc. The proliferation of Internet-connected gadgets like smartphones, tablets, smart TVs, etc., is also fueling market expansion for multimedia chipsets. Digital media like movies and songs are increasingly consumed on mobile devices, which requires robust chipsets. Technology improvements in semiconductors have led to better multimedia chipset layouts. As a result, we have seen decreased power consumption, increased performance, and decreased expenses. Therefore, the increasing prevalence of multimedia chipsets is fueling the expansion of the international market.
For instance, Samsung Electronics declared that mass production of its 16-gigabit (Gb) DDR5 DRAM, which uses the most advanced 12 nm-class process technology in the business, has begun. Samsung has finished the state-of-the-art manufacturing process, which shows that it is still the leader in DRAM technology. As a result, the demand for multimedia chipsets is predicted to grow throughout the forecasted time due to the rising demand for chipsets. Thus, the driving factor is the multimedia chipsets market revenue.
The Multimedia Chipset Market segmentation, based on type, includes auto chipsets and graphic chipsets. In 2022, the auto chipsets segment led the multimedia chipset market in revenue. In today's fast-paced, tech-savvy world, people are switching from "analog" to "digital" ways of getting their media. People who used to get news, entertainment, and other information from newspapers, radios, and TVs now use personal computers, tablet computers, and smartphones. Changes have helped the growth of on-demand streaming services in mobile, video, and wireless technologies.
Figure 1: Multimedia Chipset Market by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Multimedia Chipset Market segmentation, based on application, includes digital cable TV, set-top box, IPTV, home media player, handheld devices, and others. The digital cable TV category is anticipated to grow at a CAGR of 6.30% over the projected period, making up the largest market share because digital cable TVs require high-end graphics and audio capabilities to support streaming services and other multimedia content, so the rising popularity of digital TVs is driving demand in these parts.
The Multimedia Chipset Market segmentation, based on the end-users, includes customer electronics, IT & telecommunications, media & entertainment, government, and others. The media & entertainment category is expected to grow fastest at a CAGR of 6.30% due to its high dependence on movies, web series, gaming, and other videos and audio material for entertainment purposes. The growth of this market has been sped up by the rise of smart devices and the popularity of online streaming apps like Netflix, Amazon Prime, and many others.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American multimedia chipset market will dominate because of the rising price of graphics chipsets, essential for producing high-definition images on the machine.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Multimedia Chipset Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s multimedia chipset market accounts for the second-largest market share because the need for high-quality audio chipsets used in speakers continues to grow. This industry is predicted to experience the fastest growth over the examined period. Further, the German multimedia chipset market held the largest market share, and the UK multimedia chipset market was the fastest-growing market in the European region.
The Asia-Pacific multimedia chipset market is expected to grow at the fastest CAGR from 2024 to 2032 because of rising disposable income, government initiatives to encourage the adoption of IPTV, rising demand for set-top boxes, and an increase in the number of people who subscribe to IPTV services. Moreover, China’s multimedia chipset market held the largest market share, and the Indian multimedia chipset market was the fastest-rising market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the multimedia chipset market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the multimedia chipset industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global multimedia chipset industry to benefit clients and increase the market sector. In recent years, the multimedia chipset industry has offered some of the most significant technological advancements. Major players in the multimedia chipset market, including NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Apple Inc. (U.S.), Broadcom Corporation (U.S.), Marvell Technology Group, Limited (U.S.), Samsung Group (South Korea), Actions Semiconductor Co., Ltd. (China), MediaTek Inc. (Taiwan), NXP Semiconductors, N.V. (Netherlands), STMicroelectronics (Switzerland), and others are attempting to grow market demand by investing in research and development operations.
NVIDIA created accelerated computing to solve issues that no one else can. Our work in AI and the metaverse, which has a tremendous impact on society, is transforming the biggest industries in the world. Since its founding in 1993, NVIDIA has dominated the field of accelerated computing. The company's 1999 release of the GPU ushered in the current era of artificial intelligence, revolutionized computer graphics, and is fueling the growth of the metaverse. It also fueled the growth of the PC gaming industry. NVIDIA is now a full-stack computing company that is revolutionizing the market with its products at the size of data centers. In March 2023, Nvidia recently introduced a collection of cloud services to assist companies in creating and using generative AI models built for "domain-specific tasks," such as composing ad text and training on unique data.
Intel is a market leader, developing technology that transforms the world and improves people's lives. Inspired by Moore's Law, we strive to improve semiconductor design and production to meet our client's most pressing needs. We unleash the power of data to improve business and society by integrating intelligence into every computing device, including the cloud, network, edge, and edge computing. The goal of Intel is to influence technology's development so that everyone on the planet can live in better times. Intel has advanced numerous industries, including artificial intelligence, analytics, and cloud-to-edge technology. In February 2023, Intel announced the start of the Intel® Connectivity Analytics program to help wireless solution providers develop special networking and system insights – from network health and security to customer experience and service quality – to deliver better customer apps and services.
NVIDIA Corporation (U.S.)
Intel Corporation (U.S.)
Realtek Semiconductor Corp (Taiwan)
Qualcomm Inc. (U.S.)
Cirrus Logic Inc. (U.S.)
Advanced Micro Devices Inc. (U.S.)
DSP Group, Inc. (U.S.), Apple Inc. (U.S.)
Broadcom Corporation (U.S.)
Marvell Technology Group, Limited (U.S.)
Samsung Group (South Korea)
Actions Semiconductor Co., Ltd. (China)
MediaTek Inc. (Taiwan)
NXP Semiconductors N.V. (Netherlands)
STMicroelectronics (Switzerland)
February 2023: Microsoft and Intel are advancing the development of artificial intelligence (AI) on personal computers. The AI-enabled capabilities of Intel's forthcoming Meteor Lake client PC CPUs are also being previewed at Microsoft's Build 2023 conference.
May 2023: Qualcomm Technologies, Inc. showcased its latest developments in on-device AI, including generative AI operating on Snapdragon compute platforms and new development channels for programmers creating applications for Snapdragon-powered Windows 11 PCs.
Auto chipsets
Graphic chipsets
Digital cable TV
Set-top box
IPTV
Home media player
Handheld devices
Others
Customers electronics
IT & Telecommunications
Media & Entertainment
Government
Others
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 35.29 Billion |
| Market Size 2024 | USD 37.51 Billion |
| Market Size 2032 | USD 57.54 Billion |
| Compound Annual Growth Rate (CAGR) | 5.49% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Applications, End-Users, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Aircraft Type, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Apple Inc. (U.S.), Broadcom Corporation (U.S.), Marvell Technology Group, Limited (U.S.), Samsung Group (South Korea), Actions Semiconductor Co., Ltd. (China), MediaTek Inc. (Taiwan), NXP Semiconductors, N.V. (Netherlands), STMicroelectronics (Switzerland) |
| Key Market Opportunities | Developments in technology |
| Key Market Dynamics | Rising levels of discretionary income Access to the Internet |
Multimedia Chipset Market Highlights:
Frequently Asked Questions (FAQ) :
The Multimedia Chipset Market size was valued at USD 35.29 Billion in 2023.
The global market is projected to grow at a CAGR of 5.49% during the forecast period, 2024-2032.
North America had the largest share of the global market.
The key players in the market areNVIDIA Corporation (U.S.), Intel Corporation (U.S.), Realtek Semiconductor Corp (Taiwan), Qualcomm Inc. (U.S.), Cirrus Logic Inc. (U.S.), Advanced Micro Devices Inc. (U.S.), DSP Group, Inc. (U.S.), Apple Inc. (U.S.), Broadcom Corporation (U.S.), Marvell Technology Group, Limited (U.S.), Samsung Group (South Korea), Actions Semiconductor Co., Ltd. (China), MediaTek Inc. (Taiwan), NXP Semiconductors, N.V. (Netherlands), STMicroelectronics (Switzerland).
The auto chipsets type category dominated the market in 2022.
Media & Entertainment had the largest share of the global market.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
