Market Report

Multimedia Chipset Market Overview: Multimedia Chipset market size was valued at $180.48 million in 2020 and it is estimated to grow at a CAGR of 5.9% during 2021-2026. The adoption of Multimedia Chipset across industries is rising and the growth is specifically attributed to the increasing demand for technologically advanced consumer electronics including smart-phones, TVs including digital signal processing chips supported IPTV, wearable devices, laptops, domestic appliances and many other embedded computing systems, and high penetration of internet. Furthermore, the growing adoption of OTT platforms, audiovisual systems and rising popularity of games for entertainment purpose play a major role behind the growth of the multimedia chipset market. Nevertheless, increasing number of investments for technological advancement in semiconductor & electronics industry combined with high living standards and development in emerging economies are the key influencing factor behind the grow...