Logo
Thursday, 18 April 2024
Wednesday, 06 Dec 2023 12:00 am

Microprocessor Market is expected to reach US$ 241.70 billion by 2030

Microprocessor Market share is expected to grow at a CAGR of 8.2% during 2022-2030, to surpass US$ 241.70 Billion by 2030, from US$ 128.50 Billion in 2022.

By The Insight Partners

Microprocessor Market Analysis: Key Insights

According to our latest study on "Microprocessor Market Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Application, and Geography," the market was valued at US$ 128.50 billion in 2022 and is expected to reach US$ 241.70 billion by 2030; it is estimated to register a CAGR of 8.2% from 2022 to 2030. Increasing consumer electronics demand globally and growing technological advancements in chip manufacturing are anticipated to drive the market. However, an increase in costs associated with chip manufacturing is expected to hinder the microprocessor market growth.

The Asia Pacific microprocessor market includes the analysis of countries such as China, Japan, India, South Korea, Australia, Taiwan, and the Rest of Asia-Pacific. Asia Pacific has emerged as a center for technological advancements and digital transformation, fueling the growth of various industries. One such industry that has witnessed remarkable expansion is the microprocessor market. Microprocessors, the "brains" of electronic devices, have become a vital component in a wide range of applications, including smartphones, tablets, automotive, and industrial automation. In addition, the region holds the largest consumer electronics market globally. With a growing middle class and increasing disposable incomes, there is a rising demand for smartphones, smart home devices, and wearables. Advanced microprocessors enable these devices to offer enhanced performance, efficiency, and functionality.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00011498

Taiwan has established itself as a global technology hub. The country is renowned for its excellence in manufacturing and innovation. Within this thriving ecosystem, the microprocessor market in Taiwan has experienced significant growth, driven by a combination of factors. In the global semiconductor industry, Taiwan holds the dominant position, accounting for more than 60% of the market share. Moreover, Taiwan Semiconductor Manufacturing Corporation (TSMC), a single company, is responsible for the majority of these semiconductors, particularly the highly advanced ones, with a market share of over 90%. Such noteworthy factors are anticipated to propel the industry growth over the forecast period.

With China's rapid economic development and technological advancements, the microprocessor industry has emerged as a key driver of the country's growth. China's massive consumer market offers a significant advantage. With a population of over 1.4 billion, the demand for electronic devices, such as smartphones, tablets, and smart home appliances, continues to skyrocket. This rising demand fuels the need for microprocessors, driving the industry's growth. In addition, the Chinese government's focus on innovation and technology is another key factor. China has outlined its ambitious vision for achieving 70% self-sufficiency in semiconductors by 2025 through the publication of the Made in China 2025 Plan. This has created a favorable environment for microprocessor companies to thrive. This support includes funding for research institutes, tax incentives, and favorable regulations, attracting both domestic and foreign investments. Furthermore, China's strong manufacturing capabilities and cost advantages contribute to the industry's growth. The country's well-established supply chains, skilled labor force, and cost-effective production processes provide microprocessor manufacturers with a competitive edge in terms of efficiency and pricing.

Increasing Consumer Electronics Demand Fuels Microprocessor Market Growth

The global microprocessor market is experiencing a significant boost in growth due to the growing demand for consumer electronics products. This rise in demand can be attributed to various factors, including technological advancements, changing consumer preferences, and increasing adoption of smart devices worldwide. Advancements in microprocessor technology have paved the way for more powerful and energy-efficient consumer electronics devices. From smartphones and laptops to smart TVs and wearable devices, these products rely on microprocessors to deliver enhanced performance, improved functionalities, and seamless connectivity. As technology continues to evolve, consumers seek more sophisticated and feature-rich devices, driving the demand for advanced microprocessors.

Moreover, consumer preferences have shifted toward a digital lifestyle, with a strong emphasis on connectivity, convenience, and entertainment. The rise of e-commerce platforms and the increase in penetration of internet services have further fueled the demand for consumer electronics products. The need for faster, smarter, and more efficient devices has propelled manufacturers to integrate high-performance microprocessors into their offerings.

Microprocessor Market: Segmental Overview

Based on type, the market is segmented into APU, CPU, GPU, and FPGA. The APU segment is expected to register the highest CAGR in the microprocessor market over the forecast period. With the rapid advancement of technology and the increasing demand for high-performance computing, the accelerated processing unit (APU) segment within the microprocessor market is experiencing significant growth. APUs, a combination of central processing units (CPUs) and graphics processing units (GPUs), offer enhanced processing power and graphics capabilities, making them ideal for a wide range of applications. In addition, the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies has amplified the demand for processors capable of handling massive amounts of data and performing complex calculations in real-time. APUs, with their parallel processing capabilities, provide the necessary computing power for these applications.

Microprocessor Market Analysis: Competitive Landscape and Key Developments

Intel Corporation, Nvidia Corporation, Qualcomm Technologies, Broadcom Inc., and Samsung LSI are among the key companies operating in the microprocessor market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

  • In January 2023, Intel made a significant announcement at CES 2023 by introducing its latest lineup of laptop processors, the 13th Gen H and HX series. These cutting-edge processors are designed to deliver exceptional performance for high-end laptops. Offering up to 24-core CPU configurations, support for DDR5 memory, and PCIe Gen5 connectivity, these processors provide businesses with a powerful computing solution.
  • In February 2022, Intel unveiled the latest additions to its lineup of Intel Xeon D processors, the D-1700 and D-2700 models. These cutting-edge processors bring forth an array of advanced computing capabilities that extend beyond the traditional confines of the data center. Specifically designed to cater to edge usages, critical networks, and demanding workloads, the D-1700 and D-2700 processors offer an enhanced experience in these areas.  

Contact Us
Contact Person: Content Team 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com


The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy