Multimedia Chipsets

Global Multimedia Chipsets Market to Reach US$67.6 Billion by 2030

The global market for Multimedia Chipsets estimated at US$45.9 Billion in the year 2024, is expected to reach US$67.6 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2024-2030. Graphics, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$43.7 Billion by the end of the analysis period. Growth in the Audio segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.0 Billion While China is Forecast to Grow at 9.7% CAGR

The Multimedia Chipsets market in the U.S. is estimated at US$12.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Multimedia Chipsets- Key Trends and Drivers Summarized

The multimedia chipset market is experiencing significant growth, driven by the surge in demand for advanced consumer electronics like smartphones and tablets, coupled with an increase in internet bandwidth and streaming services. This trend is further supported by the global increase in broadband and mobile data traffic, which fuels consumer appetites for streaming high-definition videos and multimedia content. As a result, the market is witnessing a pivotal shift from traditional media consumption to digital formats, facilitated by enhanced internet capabilities that allow seamless access to multimedia content. Notable developments, such as Qualcomm Technologies` introduction of a new modem designed for Internet of Things (IoT) applications, emphasize the role of innovation in driving market expansion. These advancements not only enhance efficiency and reduce battery consumption but also cater to a broader range of applications, including health monitors and smart meters, showcasing the diverse application spectrum of multimedia chipsets.

Technological evolution continues to shape the multimedia chipset market, with significant contributions from regions like the Asia-Pacific, which is a major hub for both consumption and semiconductor manufacturing. The growing deployment of 5G services in countries like China and India is accelerating regional market growth, supporting higher bandwidth applications and enriching user experiences with high-speed internet. Despite challenges such as the high initial costs associated with setting up new manufacturing units, the market is buoyed by rising disposable incomes and rapid technological adoption in developing economies. Innovations led by key industry players like NVIDIA Corporation and Intel Corporation focus on enhancing chipset performance and energy efficiency, crucial for powering modern multimedia applications ranging from virtual reality gaming to sophisticated in-vehicle infotainment systems.

The market growth is influenced by several key factors: the shift towards high-resolution content, including 4K and 8K video, demands chipsets capable of handling high-definition signals efficiently. The proliferation of artificial intelligence (AI) across devices necessitates chipsets that can process complex AI algorithms, enhancing device functionality and user interaction. The expanding markets for augmented reality (AR) and virtual reality (VR), particularly in gaming and simulations, require robust chipsets capable of delivering immersive audio-visual experiences. Additionally, advancements in connectivity standards like Wi-Fi 6 and the expansion of 5G networks support the development of chipsets that facilitate high-speed, low-latency communications. The growth in IoT and smart home devices, which often manage complex multimedia content, alongside consumer demand for multi-device integration, underscores the need for versatile multimedia chipsets. These factors, together with innovations in consumer electronics, drive the continuous evolution and demand for multimedia chipsets, highlighting the dynamic nature of this market and the ongoing need for technological adaptation and innovation.

SCOPE OF STUDY:

The report analyzes the Multimedia Chipsets market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Graphics, Audio, Other Types); End-Use (Consumer Electronics, IT & Telecom, Media & Entertainment, Government, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 14 Featured) -

• Advanced Micro Devices, Inc.
• Apple, Inc.
• Broadcom Ltd.
• Cirrus Logic, Inc.
• DSP Group, Inc.
• Intel Corporation
• Marvell Technology Group Ltd.
• Mediatek, Inc.
• NVIDIA Corporation
• Qualcomm Inc.
• Realtek Semiconductor Corp.
• STMicroelectronics NV

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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