Yes i was able to resolve it,
You need to add the gstreamer packages to yocto and generate the tool chain libraries.
add the below configuration in local.conf file
CORE_IMAGE_EXTRA_INSTALL += "opkg apt packagegroup-fsl-gstreamer1.0-full imx-gst1.0-plugin gstreamer1.0 gstreamer1.0-plugins-ugly-meta packagegroup-fsl-gstreamer1.0-commercial gst-plugins-good-udp gst-variable-rtsp-server gstreamer1.0-plugins-base gstreamer1.0-plugins-good gstreamer1.0-plugins-bad gst-plugins-good-rtp gst-plugins-good-rtpmanager gst-plugins-good-rtsp gst-plugins-good-udp gst-plugins-good-matroska gst-plugins-base-videotestsrc gst-plugins-base-ffmpegcolorspace gst-fluendo-mpegdemux gst-plugins-base-ogg gst-openmax "
#RTSP Server dependency
LICENSE_FLAGS_WHITELIST += "commercial"
CORE_IMAGE_EXTRA_INSTALL += "gstreamer1.0-plugins-ugly gstreamer1.0-rtsp-server gtk-doc gst-plugins-good gst-plugins-bad gst-plugins-good gst-plugins-ugly"
Compile the yotoc using below command
bitbake fsl-image-validation-imx
bitbake fsl-image-validation-imx -c populate_sdk
After compilation of meta-toolchain, execute the below command to install the cross-compiler
$ sudo sh tmp/deploy/sdk/fsl-imx-xwayland-glibc-x86_64-fsl-image-validation-imx-aarch64-toolchain-4.14-sumo.sh
This should install the tool-chain all required libraries to opt folder than you can export the tool chain path and should resolve your issue
Regards
Santhosh