Multimedia Chipsets Market to Score Higher in Handheld Devices Race
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.
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.
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<strong>Multimedia</strong> <strong>Chipsets</strong> <strong>Market</strong> <strong>to</strong> <strong>Score</strong> <strong>Higher</strong> <strong>in</strong> <strong>Handheld</strong> <strong>Devices</strong> <strong>Race</strong><br />
Regular and Intensive Phases of R&D Characterize <strong>Multimedia</strong> <strong>Chipsets</strong> <strong>Market</strong><br />
Lead<strong>in</strong>g companies <strong>in</strong> the multimedia chipsets market are currently witness<strong>in</strong>g a high demand for<br />
smartphones and other handheld and portable devices across the world. Users are not only<br />
demand<strong>in</strong>g better quality of hardware components, but also demand them <strong>to</strong> be as cost-effective as<br />
possible. This drives the multimedia chipsets players <strong>in</strong><strong>to</strong> regular and <strong>in</strong>tensive phases of research<br />
and development. As a result of the high rate of technological <strong>in</strong>novation, both players and<br />
consumers reta<strong>in</strong> an improv<strong>in</strong>g quality of the devices as well as market revenue <strong>in</strong>crements.<br />
Browse The Report: http://www.transparencymarketresearch.com/multimedia-chipsets-market.html<br />
<strong>Multimedia</strong> chipsets companies are also benefitt<strong>in</strong>g from the rapid expansion of <strong>in</strong>ternet pro<strong>to</strong>col<br />
television (IPTV) and set <strong>to</strong>p boxes. These devices are <strong>in</strong> an exceptionally high demand due <strong>to</strong> the<br />
rapid migration of consumer from the conventional TV <strong>to</strong> onl<strong>in</strong>e view<strong>in</strong>g and use of the smart TV.<br />
The above fac<strong>to</strong>rs, comb<strong>in</strong>ed with the high growth potential of multimedia chipsets <strong>in</strong> the gam<strong>in</strong>g<br />
<strong>in</strong>dustry and the wearable devices <strong>in</strong>dustry, allows the multimedia chipsets revenue <strong>to</strong> progress at a<br />
CAGR of 6.6% between 2015 and 2023. This market is expected <strong>to</strong> be valued at US$40.99 bn by<br />
the end of 2023.<br />
Asia Pacific Cont<strong>in</strong>ues <strong>to</strong> be Lucrative Region for <strong>Multimedia</strong> <strong>Chipsets</strong> Makers<br />
Asia Pacific has been lead<strong>in</strong>g the demand for multimedia chipsets <strong>in</strong> the recent past and will<br />
cont<strong>in</strong>ue dom<strong>in</strong>at<strong>in</strong>g the market shares <strong>in</strong> both revenue and volume for the com<strong>in</strong>g years. This<br />
regions shows an especially high demand for handheld devices and set <strong>to</strong>p boxes and IPTVs, which<br />
form the two most lucrative application segments for multimedia chipsets players. This region is<br />
expected <strong>to</strong> hold 46.76% of the multimedia chipsets revenue generated by 2023.<br />
Asia Pacific multimedia chipsets also take <strong>in</strong> high <strong>in</strong>vestments for SoC manufactur<strong>in</strong>g, which<br />
complements the fact that this region is a global hub for semiconduc<strong>to</strong>r companies. Ch<strong>in</strong>a holds the<br />
largest number of smartphone users <strong>in</strong> the world, mak<strong>in</strong>g it a key market for multimedia chipsets<br />
players. At the same time, S<strong>in</strong>gapore offers a very high level of market penetration for smartphones<br />
and consumer electronics, allow<strong>in</strong>g most entrants a good shot at ga<strong>in</strong><strong>in</strong>g revenues.<br />
Graphics <strong>Chipsets</strong> <strong>in</strong> High Demand as Users Desire <strong>Devices</strong> for Stream<strong>in</strong>g, Multitask<strong>in</strong>g<br />
Graphics chipsets have consistently held the larger revenue share <strong>in</strong> multimedia chipsets <strong>in</strong> recent<br />
years. Current market trends <strong>in</strong>dicate that this segment will cont<strong>in</strong>ue <strong>to</strong> hold the dom<strong>in</strong>ant share for<br />
the com<strong>in</strong>g years as well. A key reason for this high demand is the growth <strong>in</strong> the number of users<br />
demand<strong>in</strong>g consumer electronics for the purpose of watch<strong>in</strong>g videos and movies onl<strong>in</strong>e. Improved<br />
<strong>in</strong>ternet facilities across the world are mak<strong>in</strong>g it easier for consumer <strong>to</strong> stream videos onl<strong>in</strong>e,<br />
considerably <strong>in</strong>creas<strong>in</strong>g their numbers over the past few years.
Consumers have also expressed high demand for electronics devices capable of multitask<strong>in</strong>g. Most<br />
multitask<strong>in</strong>g components of a consumer’s usage <strong>in</strong>volve switch<strong>in</strong>g between different graphics on a<br />
device, which requires strong and stable graphics chipsets. The level of <strong>in</strong>novation is high among<br />
the three lead<strong>in</strong>g providers of graphics hardware – Intel, NVidia, and AMD. Each company holds a<br />
large number of users based on their difference <strong>in</strong> utility, preferences, and the company’s market<strong>in</strong>g<br />
strategies.<br />
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The key manufacturers of multimedia chipsets globally <strong>in</strong>clude AMD, Inc., Intel, NVidia, Realtek,<br />
Yamaha, Qualcomm, and Cirrus Logic, Inc.<br />
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