Global Microprocessor Market Grows Steadily at a CAGR of 7.8%

A microprocessor is a programmable electrical device with computational and decision-making capabilities similar to a computer's central processing unit (CPU). These microchips serve as the central components of microcomputer systems that are distinguished by their constrained resources. Microprocessors have attained a pervasive presence, permeating a diverse range of electronic gadgets, including mobile phones, printers, and washing machines.

Market DynamicsGrowth of the Internet of Things (IoT) Drives the Global Microprocessor Market

The Internet of Things (IoT) applications exhibit a remarkable breadth, encompassing several domains such as smart homes and cities, industrial automation, agriculture, healthcare, and other sectors. One crucial aspect that arises in the vast realm of Internet of Things (IoT) applications is the necessity for specialized microprocessors specifically designed to meet the distinct demands of each application. An illustrative example can be found in the microprocessor embedded in a smart home security camera, where a significant emphasis is placed on optimizing energy efficiency to increase the camera's battery longevity. On the other hand, the microprocessor of an industrial Internet of Things (IoT) sensor emphasizes durability and dependability to endure challenging operational environments.

One of the core attributes of the Internet of Things (IoT) is its inherent dependence on connectivity to facilitate data transmission to centralized servers or other interconnected devices. The connectivity can manifest in different modalities, encompassing wired solutions like Ethernet and wireless alternatives such as Wi-Fi, cellular networks, and LPWAN (Low-Power Wide-Area Network). Microprocessors play a crucial role in the management of communication protocols, and there is a significant need for microprocessors equipped with integrated wireless capabilities to enable the smooth interchange of data in the Internet of Things (IoT) context.

Growing Adoption of AI in Various Sectors Creates Tremendous Opportunities

The increasing significance of AI acceleration can be attributed to the substantial computational requirements of AI algorithms, namely deep learning models. These models necessitate substantial data and intricate calculations, rendering them computationally demanding. General-purpose microprocessors' performance and energy efficiency may not meet the demands of artificial intelligence (AI) workloads. In contrast, AI accelerators are specifically designed to excel in these computational tasks, thereby substantially enhancing the efficiency of AI workloads.

In certain industries, such as healthcare, the implementation of artificial intelligence (AI) acceleration can enhance critical processes like medical picture processing, medication discovery, and patient diagnostics. Autonomous cars facilitate the capability to perform real-time object detection and decision-making. Furthermore, the acceleration of artificial intelligence (AI) plays a pivotal role in various domains, such as natural language processing, speech recognition, recommendation systems, and others, enhancing user experiences in different industries.

Get A Free Sample Request Report @ https://straitsresearch.com/report/microprocessor-market/request-sample

Regional Analysis

North America is the most significant shareholder in the global microprocessor market and is predicted to grow at a significant rate during the forecast period. The United States had a substantial role in worldwide microprocessor production and the advancement of technology in this field. The United States, namely the region of Silicon Valley in California, has emerged as a prominent international center for semiconductor manufacture and technological advancements. Prominent corporations like Intel, AMD, NVIDIA, and Qualcomm have their headquarters in the United States. Based on the findings of the Semiconductor Industry Association (SIA), a considerable number of initiatives spanning over 20 states have been declared subsequent to the implementation of the CHIPS Act in 2020, leading to a substantial expenditure exceeding USD 200 billion.

Key Highlights

• The global microprocessor market was valued at USD 53 billion in 2022. It is estimated to reach USD 191.11 billion by 2031, growing at a CAGR of 7.8% during the forecast period (2023–2031).
• Based on the technology type, the global microprocessor market is into CISC, RISC, ASIC, Superscalar, and DSP. The CISC microprocessor segment is the highest contributor to the market share and is expected to grow significantly during the forecast period.
• Based on application, the global microprocessor market is divided into smartphones, personal computers, servers, tablets, embedded devices, AI and machine learning, and others. The smartphone segment owns the largest market share and is anticipated to grow at a significant rate during the forecast period.
• Based on end-user industry, the global microprocessor market is divided into telecommunications, healthcare, aerospace and defense, automotive, consumer electronics, manufacturing, energy, and banking and finance. The consumer electronic segment dominates the global market and is anticipated to grow at a significant rate during the forecast period.
• North America is the most significant shareholder in the global microprocessor market and is predicted to grow at a significant rate during the forecast period.

Competitive Players

The key players in the global microprocessor market are Intel Corporation, Advanced Micro Devices (AMD), Qualcomm, NVIDIA, Apple Inc., Samsung Electronics, and IBM, MediaTek, Texas Instruments, Broadcom Inc. Microchip Technology Inc., STMicroelectronics and others.

Market News

• In April 2023, AMD announced its new A620 chipset. This new platform will allow users to harness the power of the Ryzen 7000 series processor line-up. The A620 chipset is expected to offer a range of features and capabilities that complement the Ryzen 7000 series processors, enhancing overall system performance and efficiency.
• In September 2022, Intel introduced its 13th generation of Intel Core processors, along with a new solution called Intel Unison. The release of the 13th Gen Intel Core processors marks another leap in computational performance, power efficiency, and advanced features. These processors are designed to meet the growing demands of various applications, from consumer electronics to data centers.

Global Microprocessor Market: SegmentationBy Technology

• CISC (Complex Instruction Set Computer)
• RISC (Reduced Instruction Set Computer)
• ASIC (Application-Specific Integrated Circuit)
• Superscalar
• DSP (Digital Signal Processor)

By Applications

• Smartphones
• Personal Computers
• Servers
• Tablets
• Embedded Devices
• AI and Machine Learning
• Others

By End-User Industry:

• Telecommunications
• Healthcare
• Aerospace and Defense
• Automotive
• Consumer Electronics
• Manufacturing
• Energy
• Banking and Finance

By Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Latest Market Research Industry Report Semiconductor & Electronics