market was valued at USD85.85 billion in 2020 and is projected to grow around
USD111.16 billion by 2026 owing to the growing popularity of 5G and
high-performance computing devices. Furthermore, the increased adoption of
cloud-based applications, data centres, advancement in artificial intelligence
and machine learning technologies, as well as demand in household appliances
and automobiles, is expected to drive the market growth. Also, the rising demand for Augmented
Reality and Virtual Reality applications and devices, digital cameras, and
gaming consoles is fueling the global microprocessors’ growth.
Microprocessor is a controlling unit of a
micro-computer, fabricated on chip which can perform Arithmetic Logic Unit
(ALU) operations and capable of doing communication with other devices
connected to it. Microprocessor consists of a Control Unit, Register Array
& ALU where ALU performs arithmetic & logical operations, Control Unit
controls flow of data & instructions in the computer, Register Array is
responsible for storing accumulators and data. Microprocessor follows sequence
of Fetch, Decode & Execute in the given sequence.
Demand of Microprocessors in Automotive Industry
use of microprocessors in the automotive industry is essential as automotive
are getting smarter and employment of electronic systems are still rising. Automotive semiconductor vendors are
profiting from a surge in the demand for various semiconductor devices in cars,
such as MCUs, sensors, memory which are functioning with the help of
microprocessors. The automotive industry has been working for a long period of
time in terms of providing factory-installed electronics which have the
advantages that are meant for the safety and security of the user’s data along
with comfort. Most of the automotive innovations today have arisen from the
development in electronics architecture rather than mechanics.
of Micro Data Center to Positively Influence the Growth
housed in micro-data centers of any microprocessor includes IT infrastructure,
UPS (uninterruptible power supply) systems, power distribution units (PDUs),
and cooling units. The numerous advantages that include lower transactional
costs, high functioning, and high storage by using micro-data centers are
likely to escalate the microprocessor market globally. The growing exchange of data
through IoT-connected devices has created a demand for micro-data centers all
over the globe. These micro-data centers offer maximum efficiency by greatly
reducing energy consumption which in turn drives their increased adoption all
around the industries.
Usage of IoT to Drive the Market Growth
important factor driving the adoption of microprocessors is the rapid growth of
Internet of Things (IoT). IoT technologies enable microprocessors because it is
now technically and economically feasible to gather the required information
from a relatively broad range of objects than was previously possible.
Companies frequently underestimate the complexity and volume of data generated
by IoT products and platforms, necessitating the use of tools to assist them in
managing and making sense of all the data that they are now collecting.