Global Multimedia Chipset Market Size to Reach USD 59,458.92 Million By 2031
Category : Semiconductor And Electronics | Published Date : Jul 2024 | Type : Press Release
Multimedia Chipset Market Scope & Overview :
A multimedia chipset is a set of integrated circuits designed to handle multimedia processing and playback. It offers benefits such as optimized networking, overclocking support, improved system responsiveness, integrated graphics, and enhanced multimedia performance.
Consegic Business Intelligence analyzes that the Global Multimedia Chipset Market size was valued at USD 33,771.72 Million in 2022, projected to grow by USD 35,266.46 Million in 2023, and is expected to register a CAGR of 6.7% to reach USD 59,458.92 Million by 2031.
This report comprises Multimedia Chipset Market Share, Size & Industry Analysis, By Type (Audio Chipset, Graphics Chipset, and Others), By Application (Digital TV, Media Players, Gaming Consoles, Smartphones, Tablets, Wearable Devices, Infotainment Systems, and Others), By End-user (Consumer Electronics, Automotive, Media & Entertainment, IT & Telecommunication, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.
This report contains detailed information on Multimedia Chipset Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the rising usage of chipsets in automotive, consumer electronics, and media & entertainment industries is driving the Multimedia Chipset market growth. These chipsets are used in automobile infotainment systems to provide multimedia processing and flexible audio/video interfaces.
Segmental Analysis :
The Multimedia Chipset Market is segmented based on type, application, end-user, and region.
Based on type, the market is divided into Audio Chipset, Graphics Chipset, and Others.
- The audio chipset segment accounted for the largest revenue share of 47.09% in 2022, as they offer features such as improved audio clarity, white noise reduction, multiple audio inputs, realistic audio effects, and enhanced audio editing.
- The graphics chipset segment is expected to have the fastest growth during the forecast period, as it sends visuals to the computer monitor.
Based on the application, the market is segregated into Digital TV, Media Players, Gaming Consoles, Smartphones, Tablets, Wearable Devices, Infotainment Systems, and Others.
- The digital TV segment had the highest revenue share in 2022 as multimedia chipsets are used to adjust picture quality settings automatically for better entertainment experiences.
- The infotainment system segment is expected to have the fastest CAGR over the forecast period, due to the use of multimedia chipsets for enhanced driving experience.
Based on the end-user, the market is segmented into Consumer Electronics, Automotive, Media & Entertainment, IT & Telecommunication, and Others.
- In 2022, the media & entertainment segment had the largest revenue share driven by rising investments, increasing consumer shift towards digital content, and growing demand for video-on-demand (VOD) content.
- During the forecast period, the consumer electronics segment is expected to experience the fastest CAGR due to technological advancements like AI and IoT, and the increasing popularity of devices like smartphones and wearables.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- North America's multimedia chipset market is estimated to reach over USD 20,870.08 Million by 2031 from a value of USD 11,759.31 Million in 2022, with a projected growth of USD 12,288.01 Million in 2023 due to chipsets' deployment in media & entertainment, automotive, consumer electronics, and other industries.
- The Asia-Pacific region is projected to grow by 7.2% and reach over USD 15,453.37 million by 2031 from USD 8,449.68 million in 2022. China accounted for 35.92% of the revenue share due to the region's industrialization.
| Report Attributes | Report Details |
| By Type | Audio Chipset, Graphics Chipset, and Others |
| By Application | Digital TV, Media Players, Gaming Consoles, Smartphones, Tablets, Wearable Devices, Infotainment Systems, and Others |
| By End-User | Consumer Electronics, Automotive, Media & Entertainment, IT & Telecommunication, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers,
industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in
terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of
key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging
partnership trends and dynamics.
List of prominent players in the Multimedia Chipset Industry :
- Kodak Alaris Inc.
- DNP Imagingcomm America Corp. (Dai Nippon Printing Co., Ltd.)
- FUJIFILM Corporation
- HiTi Digital, Inc.
- Peleman Industries
- Boft
Recent Industry Developments :
- In May 2023, MediaTek Inc. partnered with NVIDIA Corporation to develop automotive chipsets integrated with NVIDIA GPU chiplet and AI for connected vehicles.
