Microprocessor Market to Grow at 4.16% CAGR Until 2026
The
popularity of social networking platforms, growth in
demand from the semiconductor market, and rise in demand for portable
devices to drive the growth of the global microprocessor market through
2026.
According
to TechSci Research report, “Global Microprocessor
Market By Type (Desktop Microprocessor, Mobile Microprocessor, Performance
Microprocessor), By Architecture (X86, ARM, SPARC, Others (MIPS, Power, etc.)),
By Technology Outlook (CISC, RISC, ASIC, Superscalar, DSP), By End User
(Consumer Electronics, Automotive, Manufacturing, Server & Data Center,
Medical, Others (BFSI, Aerospace & Defense, etc.)), By Region, Competition,
Forecast & Opportunities, 2026”, the global microprocessor
market was valued at USD85.02 billion in 2020 and is projected to grow at a
CAGR of around 4.16% during the
forecast period, owing to the popularity of social networking platforms, growing
adoption of digital distribution, high demand from IoT sector, rising demand
for portable devices, and increasing demand in the healthcare sector due to the
COVID-19 pandemic. Additionally, growth in
demand from the semiconductor market and requirement in household appliances
and automobiles is also expected to drive the market. To meet the growing technological demands across the
globe, microprocessors prove to be a boon for all sectors. However, instability
in the prices of GPU and high production cost is likely to hamper the market growth
during the forecast period. Additionally, the installation and implementation
of overheads can
further restrict the growth of the market.
Browse 132 Figures spread through 110 Pages and an in-depth TOC on "Global Microprocessor Market"
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The global microprocessor market is
segmented based on type, technology outlook, architecture, end user, region,
and company. Based on region, the market can be fragmented into Asia Pacific,
Europe, North America, South America, and Middle East & Africa. Asia
Pacific contributes the highest share of 35.81% in the market and is expected
to grow at a significant pace on account of its high technological investments,
new user engagement and also because of high consumer demands.
Based on end user, the market can
be divided into consumer electronics, medical, server and data center,
automotive manufacturing, and others. The consumer electronics segment
dominates the market with a share of 20.34% in 2020, primarily due to the increasing number of smartphones and PCs, etc., as microprocessors
are one of the basic things in the digital world.
Based on type, the market can be segmented into desktop microprocessor,
mobile microprocessor and performance microprocessor. The desktop microprocessor
segment dominates the market with a share of 35.61% in 2020 due to their availability
at low cost, low power and less weight, high computing capability, and also due
to high demand for desktops at workplaces.
Based on architecture, the market can be split up into ARM, x86, SPARC
and others. The ARM segment dominates the market with a share of 32.62% in 2020
due to low power consumption and low cost and has better performance when
compared to other processors.
Based on technology outlook, the market can be segmented into RISC, DSP,
ASIC, Superscalar, CISC. The RISC segment dominates the market with a share of 25.32%
in 2020 as the RISC architecture allows simplicity and offers a more
specialized set of instructions, which therefore means that it allows
developers the freedom to utilize the space on the microprocessor.
Intel, Taiwan Semiconductor Manufacturing
Company, SK Hynix Inc., Qualcomm Technologies, Broadcom Corporation,
Micron Technology, Inc., Sony Corporation, Nvidia, Samsung Group Applied
Materials are some of the leading players operating in the global microprocessor market.
These companies are launching highly reliable, Microprocessor with progressive
instruction set, technologically advanced microprocessor with high performance,
and low cost and power consumption.
The companies operating in the market are using organic strategies such as new product
launches, mergers and collaborations to boost their shares in the market and
meet the consumer demands.
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“Global microprocessor market is
anticipated to grow at a significant pace during the forecast period due to the
increasing technological advancements, new
customer engagement, need for microprocessor in all the sectors, popularity of
social networking platforms and the growing adoption for digital
distribution.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Microprocessor Market By Type (Desktop Microprocessor, Mobile Microprocessor,
Performance Microprocessor), By Architecture (X86, ARM, SPARC, Others (MIPS,
Power, etc.)), By Technology Outlook (CISC, RISC, ASIC, Superscalar, DSP), By
End User (Consumer Electronics, Automotive, Manufacturing, Server & Data
Center, Medical, Others (BFSI, Aerospace & Defense, etc.)), By Region,
Competition, Forecast & Opportunities, 2026”, has evaluated the future growth
potential of the global microprocessor market and provides statistics and
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global microprocessor market.
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