Market value of microprocessors is expected to reach $ 140.5
Acumen Research and Consulting, a global provider of market research, in a recently published report titled “Microprocessor Market – Global Industry Analysis, Market Size, Opportunities, and Forecast, 2020-2027”
LOS ANGELES, May 27, 2021 (GLOBE NEWSWIRE) – The Global Microprocessor Market is expected to grow at a CAGR of around 4.5% from 2020 to 2027 and reach a market value of over $ 140.5 billion by 2027.
Asia-Pacific is expected to hold the largest market share in the global microprocessor market. This increase is attributed to the growing use in the region of smartphones and other electronic devices such as laptops, cell phones, desktops and tablets. Developing economies such as China and India are also contributing to the growth of the market, owing to factors such as rapid digitization, increasing penetration of high-tech gadgets, and advancements in automotive electronics. In addition, the growing use of Internet of Things (IoT), massive government IT spending, and growing demand for cloud-based services are expected to drive the regional market during the forecast period.
Other than that, North America is expected to grow slowly over the forecast period. The significant presence of leading players in the region, such as Intel Corporation, Qualcomm Technologies Inc. and Texas Instruments Inc., is attributed to the growth. In the current scenario, the United States dominates the North American market. In addition, the rapid development of consumer electronics, healthcare monitoring systems, and electric and hybrid vehicles is a major driver of market growth in the United States.
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During the forecast period, the increasing demand for smart phones and tablets is expected to drive the market growth. This is because a microprocessor improves the performance of a smart phone because it is used to increase the speed and efficiency of a smart phone. The performance speed of any smartphone is directly proportional to the performance of the microprocessor. In addition, with the introduction of “smart” devices, electrical products such as televisions, digital cameras, laptops and portable devices offer a variety of advanced technologies such as flat screens, monitors and displays. touchscreen and Bluetooth, which requires more ICs.
On the other hand, factors such as high manufacturing costs of microprocessor integrated circuits, circuit design costs, increased sales of low-cost mobile devices, lower shipments of personal computers and High commodity prices are expected to dampen market growth over the forecast years. . However, due to advancements in server processors such as the Internet of Things (IoT) and Artificial Intelligence (AI), they are preferred over standard desktop processors depending on the application.
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The global microprocessor market is segmented as technology and application. By technology, the market is segmented into CISC, RISC, ASIC, Superscalar and DSP. On the basis of the application, the market is separated into smart phones, personal computers, servers, tablets, integrated devices and others.
The global microprocessor market was dominated by the Reduced Instruction Set (RISC) microprocessor segment. Historically, the PC segment has dominated the global microprocessor market in terms of application.
The major players involved in the microprocessor market are Advanced Micro Devices, Inc., Intel Corporation, Toshiba Electronic Devices and Storage Corporation, Texas Instruments, Qualcomm, Taiwan Semiconductor Manufacturing Company, and among others.
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Some of the major observations regarding the microprocessor industry include:
- In April 2018, 2018, Samsung Electronics announced a partnership with Avnet ASIC Israel. This collaboration will enable customers to benefit from innovative ASIC design solutions implemented with the most advanced process technologies and a broad portfolio of proven silicon IPs. Last January, Samsung launched the Samsung Advanced Foundry Ecosystem (SAFETM) ensuring close collaboration between Samsung Foundry, ecosystem partners and customers to deliver competitive and robust SoC designs. As a Design Service Partner (DSP), AAI participates in Samsung’s SAFETM program and will work closely with Samsung to provide dedicated and flexible technical solutions to meet the varied needs of a wide range of customers.
- In June 2017, Advanced Micro Devices (AMD), Inc., announced the launch of a new product, the “MD EPYC ™ 7000 Series”. The world’s largest server manufacturers showcased products based on the AMD EPYC 7000 series processors at today’s launch, including HPE, Dell, Asus, Gigabyte, Inventec, Lenovo, Sugon, Supermicro, Tyan and Wistron. Leading hypervisor and server operating system vendors Microsoft, Red Hat and VMware showcased enhanced support for EPYC, while leading server hardware ecosystem partners Mellanox, Samsung Electronics and Xilinx were also presented in platforms optimized for EPYC.
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