Microprocessor Market
Growth Factors of Microprocessor Market
The microprocessor market size was valued at USD 50.55 billion in 2023, and the market is now projected to grow from USD 50.58 billion in 2024 to USD 100.15 billion by 2032, exhibiting a CAGR of 10.3% during the forecast period of 2024-2032.
Pandemic has extensively impacted the worldwide microprocessor market growth, leading to delivery shortages and expanded costs for microprocessors. North Shore Components Inc. Mentioned that the pandemic elevated income of computers and cellular gadgets, with expenses expected to upward thrust up to 3.2% in the coming 12-month duration. The shift in the direction of remote work and extended reliance on generation similarly fueled the call for devices like laptops and tablets. The pandemic has positively impacted the worldwide marketplace, with speedy increase expected thru 2023 and beyond.
The 5G network and infrastructure are gaining momentum, with the demand for phone-based MPUs to harness its full potential. These devices have microprocessors that make certain seamless connectivity, fast data processing, progressed network responsiveness, and better person experiences. The integration of MPUs in 5G-equipped cellular gadgets permits for data throughput, ultra-low latency, rapid statistics transfers, and real-time communication. Intel MobileEye launched EyeQ Ultra in January 2022, a device-on-chip designed for self-sufficient riding vehicles. The convergence of 5G technology and MPUs is anticipated to boom marketplace growth, as companies and clients include the transformative ability of extremely-rapid, high-ability networks.
Small-sized microprocessors (MPUs) are a result of advanced technology and miniaturization techniques, presenting more suitable overall performance and efficiency in compact shape elements. These MPUs are included into gadgets like smartphones, wearable technology, and IoT gadgets to offer effective functionalities while addressing client concerns approximately usability and battery existence. Taiwan holds the best good judgment potential below 10 nanometers, accounting for 92% of worldwide logic process technology in 2019. Small core MPUs like Qualcomm Gen 2, Mediatek Dimensity, Apple M2, and Ryzen 6000 collection offer multiplied programming electricity for complex responsibilities and disturbing applications. The trend of reduced power consumption is predicted to enhance power efficiency and battery existence.
Comprehensive Analysis of Microprocessor Market
The Multi-Process Language Processing (MPlJ) processor market is divided into RISC, CISC, and hybrid categories. The RISC segment is expected to experience the highest growth rate due to the adoption of 5G-ready mobile devices. CISC processors, such as Intel x86, AMD, and PDP-II, are commonly used in computer systems. Hybrid MPlJs combine multiple processing cores within a single chip, offering a balance between versatility, performance, and efficiency. The market is distributed into various applications, with the industrial segment expected to grow at the highest CAGR due to advanced processing applications like conversational AI, cloud computing, and IoT. The automotive sector has seen a surge in MPU adoption, enabling Advanced Driver Assistance Systems (ADAS), infotainment systems, and autonomous driving functionalities. The market is segmented into less than 10nm, 1 Onm - 22nm, and more than 28nm processors.
The Asia Pacific region lead the microprocessor market share by benefitting a market size of USD 23.53 billion in 2023 due to major microprocessor manufacturers' constant innovations and advancements in technologies like 5nm and Al-embedded MPUs, which have led to their dominance.
Key groups inside the microprocessor marketplace include Taiwan Semiconductor Manufacturing Co. Ltd., STMicroelectronics N.V., NXP Semiconductors N.V., Intel Corporation, Qualcomm Technologies, Broadcom Inc., NVIDIA Corporation, Micron Technology, and Samsung Group.
Qualcomm added Snapdragon 4 Gen 2, a 4nm-based entry-degree smartphone processor, featuring stepped forward Al-related technologies, more advantageous GPU and CPU overall performance, and superior connectivity for streaming and gaming.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 10.3% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Architecture
RISC
CISC
Hybrid
Others
By Application
Computer
Mobile Devices and Tablets
Industrial
Consumer
Automotive
Government
By Size
Less than 10nm
10nm - 22nm
More than 28nm
By Bit Size
4, 8, 16 bits
32 bits
64 bits
By Core Count
Less than 4 Cores
8 Cores
16 Cores
More than 32 Cores
By Region
North America (By Architecture, By Application, By Size, By Bit Size, By Core Count, and By Country)
- U.S. (By Size)
- Canada (By Size)
- Mexico (By Size)
South America (By Architecture, By Application, By Size, By Bit Size, By Core Count, and By Country)
- Brazil (By Size)
- Argentina (By Size)
- Rest of South America
Europe (By Architecture, By Application, By Size, By Bit Size, By Core Count, and By Country)
- U.K. (By Size)
- Germany (By Size)
- France (By Size)
- Italy (By Size)
- Spain (By Size)
- Russia (By Size)
- Benelux (By Size)
- Nordics (By Size)
- Rest of Europe
Middle East & Africa (By Architecture, By Application, By Size, By Bit Size, By Core Count, and By Country)
- Turkey (By Size)
- Israel (By Size)
- GCC (By Size)
- North Africa (By Size)
- South Africa (By Size)
- Rest of the Middle East & Africa
Asia Pacific (By Architecture, By Application, By Size, By Bit Size, By Core Count, and By Country)
- China (By Size)
- Japan (By Size)
- India (By Size)
- South Korea (By Size)
- ASEAN (By Size)
- Oceania (By Size)
- Rest of Asia Pacific
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