According to a market report by Lucintel, the future of the global next generation video codec market looks promising with opportunities in the mobile phone, computer, and TV markets. The global next generation video codec market is expected to reach an estimated $12 billion by 2031 with a CAGR of 28.9% from 2025 to 2031. The major drivers for this market are the growing demand for better video experience, increasing mobile video consumption, and proliferation of video content across platforms.
A more
than 150-page report to understand trends, opportunity and forecast in global next
generation video codec market to 2031 by video codecs type (AVC, AV1 ,HEVC,
VP9, and VVC), application (mobile phone, computer, TV, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that HEVC segment will remain the largest segment over the forecast
period due to cuts the necessary bitrate in half while maintaining similar
image quality, but at the cost of more processing complexity.
Through
this market, mobile phone is expected to witness the highest growth.
Download
sample by clicking on next
generation video codec market.
APAC is expected
to witness the highest growth over the forecast period due to the presence of
manufacturing hub for the consumer electronics in this region.
Hikvision,
VITEC, Harmonic, Motorola Solutions, CommScope, Axis Communications, Dahua
Technology, HaiVision, Netflix, Amazon Prime are the major suppliers in the next generation video codec market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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