Regular
and Intensive Phases of R&D Characterize Multimedia Chipsets
Market
Leading companies in the
multimedia chipsets market are currently witnessing a high demand for
smartphones and other handheld and portable devices across the world.
Users are not only demanding better quality of hardware components,
but also demand them to be as cost-effective as possible. This drives
the multimedia chipsets players into regular and intensive phases of
research and development. As a result of the high rate of
technological innovation, both players and consumers retain an
improving quality of the devices as well as market revenue
increments.
Browse The Report:
http://www.transparencymarketresearch.com/multimedia-chipsets-market.html
Multimedia chipsets companies
are also benefitting from the rapid expansion of internet protocol
television (IPTV) and set top boxes. These devices are in an
exceptionally high demand due to the rapid migration of consumer from
the conventional TV to online viewing and use of the smart TV.
The above factors, combined
with the high growth potential of multimedia chipsets in the gaming
industry and the wearable devices industry, allows the multimedia
chipsets revenue to progress at a CAGR of 6.6% between 2015 and 2023.
This market is expected to be valued at US$40.99 bn by the end of
2023.
Asia
Pacific Continues to be Lucrative Region for Multimedia Chipsets
Makers
Asia Pacific has been leading
the demand for multimedia chipsets in the recent past and will
continue dominating the market shares in both revenue and volume for
the coming years. This regions shows an especially high demand for
handheld devices and set top boxes and IPTVs, which form the two most
lucrative application segments for multimedia chipsets players. This
region is expected to hold 46.76% of the multimedia chipsets revenue
generated by 2023.
Asia Pacific multimedia
chipsets also take in high investments for SoC manufacturing, which
complements the fact that this region is a global hub for
semiconductor companies. China holds the largest number of smartphone
users in the world, making it a key market for multimedia chipsets
players. At the same time, Singapore offers a very high level of
market penetration for smartphones and consumer electronics, allowing
most entrants a good shot at gaining revenues.
Graphics
Chipsets in High Demand as Users Desire Devices for Streaming,
Multitasking
Graphics chipsets have
consistently held the larger revenue share in multimedia chipsets in
recent years. Current market trends indicate that this segment will
continue to hold the dominant share for the coming years as well. A
key reason for this high demand is the growth in the number of users
demanding consumer electronics for the purpose of watching videos and
movies online. Improved internet facilities across the world are
making it easier for consumer to stream videos online, considerably
increasing their numbers over the past few years.
Consumers have also expressed
high demand for electronics devices capable of multitasking. Most
multitasking components of a consumer’s usage involve switching
between different graphics on a device, which requires strong and
stable graphics chipsets. The level of innovation is high among the
three leading providers of graphics hardware – Intel, NVidia, and
AMD. Each company holds a large number of users based on their
difference in utility, preferences, and the company’s marketing
strategies.
The key manufacturers of
multimedia chipsets globally include AMD, Inc., Intel, NVidia,
Realtek, Yamaha, Qualcomm, and Cirrus Logic, Inc.
About
Us
Transparency
Market Research (TMR) is a next-generation provider of syndicated
research, customized research, and consulting services. TMR’s
global and regional market intelligence coverage includes industries
such as pharmaceutical, chemicals and materials, technology and
media, food and beverages, and consumer goods, among others. Each TMR
research report provides clients with a 360-degree view of the market
with statistical forecasts, competitive landscape, detailed
segmentation, key trends, and strategic recommendations
U.S.
Office
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
www.transparencymarketresearch.com
No comments:
Post a Comment