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The market share growth by the computers segment will be significant during the forecast period. The computer segment has made the largest contribution to the market. The growth rate of the computer segment is expected to moderate during the forecast period. This is due to the increased adoption of computers, which is the main component of microprocessors. Computers include microprocessors and microcontrollers. Along with the increase in global computer shipments, the demand for microprocessors will also increase during the forecast period. Prominent computer companies are increasingly using advanced microprocessors in their new products.
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The computers segment was valued at USD 35.80 billion in 2018. Computer devices consume a lot of energy. The microprocessor has low power consumption characteristics. Therefore, the computer segment is adopting them at high speed. This will lead to the development of high-performance computers, driving the growth of the segment of the market during the forecast period.
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APAC is estimated to contribute 64% to the growth of the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The presence of several prominent companies is boosting the market growth in this region during the forecast period. These manufacturers maintain their presence following traditional strategies. Moreover, APAC's revenue share is expected to grow faster than other geographic regions during the forecast period, owing to low labor costs, huge market potential, and flexible government policies. Developing countries such as China and India are also supporting market growth due to various factors such as the proliferation of high-tech devices, rapid digitization, and advances in consumer electronics. Moreover, the increasing use of IoT, huge government IT spending, and increasing demand for cloud-based services are likely to drive the growth of the market in this region during the forecast period.
The market is thriving with the increasing demand for smartphones, tablets, smart devices, and other electronics. Microprocessors are essential components in devices like servers, televisions, and personal computers (PC), driving market growth. The rise of artificial intelligence (AI) and the shift towards remote work and online learning have further boosted demand for microprocessors, especially in data centers and cloud computing. Despite economic downturns, consumer spending on electronics remains strong, particularly in the x64 MPU, x86 MPU, and ARM segment, where ARM processors are gaining traction in various personal computers and embedded devices.
The Microprocessor Market is witnessing significant growth as businesses and industries continue to invest in advanced IT Infrastructure. Microprocessors, the electronic components at the heart of Computer Systems, have evolved into Integrated Circuits, delivering high functionality and high storage capabilities. Industries such as Industrial Machinery and Automotive Technology are integrating Microprocessors to enhance efficiency and performance. Microprocessors are no longer confined to On-Premise Data Centers but are also being utilized in Cloud-Based Servers and Micro Data Centers. Microprocessors play a crucial role in IT Infrastructure, executing Logical Instructions in Real Time. UPS Systems and Power Distribution Units are essential components of the IT Infrastructure that rely on Microprocessors for seamless power management. Cooling Units also leverage Microprocessors to optimize temperature control and prevent overheating.
The Microprocessor Market is expected to grow exponentially due to the increasing demand for Computer Systems and the need for reliable IT Infrastructure. The integration of Microprocessors in Industrial Machinery, Automotive Technology, and IT Infrastructure, including Cloud-Based Servers and Micro Data Centers, is driving innovation and efficiency across various sectors. In conclusion, Microprocessors continue to be a critical component of modern technology, powering the future of IT Infrastructure with their high functionality, high storage capabilities, and real-time processing.
The rising demand for smartphones and tablets is notably driving the market. The availability of affordable smartphones in emerging markets like India and China, coupled with a rise in mobile broadband subscribers and mobile Internet users, is expected to drive smartphone shipments from 1 billion units in 2013 to 2021. The introduction of tablets by local carriers in emerging markets like India and China is expected to further boost the growth of smartphones. As the number of tablets increases, there will be a higher demand for microprocessors, which will drive the market in the forecast period. This trend is also expected to impact other devices such as servers, embedded devices, smart devices, televisions, digital cameras, and laptops. Moreover, recent technological advancements have made tablets more appealing due to their improved visual experience, superior performance, higher quality, and lower costs. These advantages are expected to fuel the market across various industries globally.
The increased proliferation of IoT is a key trend influencing the market. IoT is the latest trend in technology. IoT connects all major home devices to the internet. This includes cars, TVs, laptops, coffee makers, automatic door locks, GPS-enabled pet trackers, wearable devices, and mobile phones that form a network of connected devices. High-speed wireless Internet connections such as 5G and the massive demand (and production) for Wi-Fi and GPS-enabled smartphones have also increased the demand for fast and accurate information. This drives the need for more precise microprocessors, such as digital signal processors (DSPs), that can compute and retrieve precise information within the limited timeframe available when everything is mobile.
IoT can connect billions of devices. Processing data from these devices requires more extensive use of microprocessors. Hence, the increasing adoption of IoT will increase the demand for microprocessors and drive growth during the forecast period.
The increased demand for miniaturization is challenging market growth. Due to their very small size, miniature microprocessor devices require manual or mechanical manipulation. Improvements in technology and the emergence of smaller devices such as smartphones, tablets, and wearable technology such as smartwatches have increased the demand for small digital signal processors (DSPs). Miniaturization, therefore, requires companies to constantly update their products with more advanced and compact DSPs to meet consumer demands. This forces market companies to invest heavily in procuring expensive equipment to create intelligent and smart systems.
companies also need to increase their budgets to create these intelligent systems. Rapid advances in technology are forcing market players to invest more in manufacturing intelligent systems, which can lead to lower profitability. Such factors will adversely affect the growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advanced Micro Devices Inc: The company offers microprocessors, server CPUs and GPUs, DPUs, FPGAs, and Adaptive SoC products for data centers.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is driven by technological advancements in integrated circuits (IC), diodes, transistors, and resistors, enabling the development of advanced driver-assistance systems (ADAS), infotainment systems, and the Internet of Things (IoT). Processors like Reduced Instruction Set Computer (RISC), x86, ARM MPU, MIPS, and Cortex-X1 cater to various applications from PC segments to mobile processing. The market sees competition between architectures like x86 and ARM, with products such as Qualcomm Snapdragon 8 Gen 1 Mobile Platform and Intel Xeon D processors offering high performance. As demand grows for supercomputers, virtualization technology, and gaming consoles, the market continues to innovate, enhancing power and capabilities for diverse applications like video game consoles, intensive workstations, and critical networks.
The microprocessor market is witnessing significant growth, fueled by the increasing demand for electronic components in various applications. Integrated circuits, the backbone of microprocessors, are at the heart of this trend. These circuits enable timing functions, data storage, and the integration of peripheral devices such as Bluetooth, touch screen monitors, and flat screens into electronic products. Mobile phone owners and electrical product manufacturers are key consumers of microprocessors. From mobile phones to flat screen TVs, touch screen monitors, and displays, microprocessors play a crucial role in powering these devices. In automotive applications, microprocessors are used to manage engine control systems, infotainment systems, and safety features.
Microprocessors are also essential in mainframes, embedded processing systems, networking gear, computer peripherals, set top boxes, and Internet of Things applications. RISC architectures like ARM and X processors dominate the low-priced mobile devices market, while server processors and data center facilities cater to the needs of high-performance computing and public clouds. Integrated circuits continue to evolve, enabling new applications such as autonomous vehicles, smart homes, and wearable technology. The future of the microprocessor market is bright, with endless possibilities in automotive, mobile, and industrial applications.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.33% |
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Market Growth 2024-2028 |
USD 44.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.72 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 64% |
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Key countries |
China, Taiwan, US, South Korea, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advanced Micro Devices Inc., Analog Devices Inc., Arm Ltd., Baikal Electronics JSC, Broadcom Inc., Huawei Technologies Co. Ltd., Intel Corp., Marvell Technology Inc., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Seiko Epson Corp., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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