Microprocessor Market to Surpass USD 111.16 Billion by 2026
New York ,
Growing micro data center, rising usage of personal computing devices, increasing demand of high-performance computing technology outlook to boost the global microprocessor market’s development through 2026.
According to TechSci Research report“Microprocessor Market — Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, Global microprocessormarketis anticipated to grow at a CAGR of 4.44% in value terms, in the next five years to reach USD111.16 billion by 2026. The market was valued USD85.85 billion in 2020 and is expected to be driven by increasing proliferation of internet services and the growing trend of portable devices. Moreover, the adoption of work-from-home and distance learning modes in the midst of the COVID-19 pandemic has increased the sales of computers and smartphones around the world, further propelling the industry's growth.
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. Infrastructure 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.
Browse more than 181 market data Figures and spread through 229 Pages and an in-depth TOC on “Global Microprocessor Market."
Global microprocessor market can be segmented based on type, architecture, technology outlook, end user, company and region. In terms of type, themarket can be segregated into desktop microprocessor, mobile microprocessor, performance microprocessor. The desktop and mobile microprocessor segments are dominating the overall microprocessor market in 2020 with a cumulative share of 70.01% due to global dependence on the internet and smart phone devices, which has also increased over the past few years.There has been an increased use of laptops, personal computers and smart phones during COVID-19 by employees, students, and consumers as most of the companies, schools and other organizations were running remotely.Desktop and mobile microprocessors are also driven by change in consumer lifestyles and increased disposable income which have led to increase in consumers’ ability to spend more over products for entertainment and connecting devices and the microprocessor market goes in sync with increased sales of these personal computers and smart phones devices, hence driving the market.
Some of the major players operating globally in microprocessormarketinclude:
- Intel Corporation
- Taiwan Semiconductor Manufacturing Company Limited
- SK Hynix Inc.
- Qualcomm Technologies Inc.
- Micron Technology Inc.
- Broadcom Inc.
- Sony Corporation
- Nvidia Corp.
- Samsung Electronics Co. Ltd.
- Applied Materials Inc.
Players operating in the market are employing different growth strategies to register sound return in the market. For instance, Intel corporation set up a new chip factory or fab called Fab 42 for the manufacturing of 10nm processes. While, Taiwan Semiconductor Manufacturing Company, Limited is using advanced semiconductor process technologies, i.e.,5-nanometer production capabilities, which is the most advanced semiconductor process technology available in the world.
“In the end user segment, consumer electronics holds the largest share with 20.34% in the year 2020 due to wide application of microprocessors in consumer electronics and advancement in new technologies leading to new product development. The rise in demand for IoT devices such as smart mobiles, smart refrigerators, smartwatches, smart fire alarms, smart door locks, medical sensors, fitness trackers are driving the growth of the consumer electronics segment.”,said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
According to TechSci Research report“Microprocessor Market — Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026Segmented By Type (Desktop Microprocessor, Mobile Microprocessor, Performance Microprocessor), By Architecture (ARM, X86, SPARC, Others), By Technology Outlook (RISC, DSP, ASIC, SUPERSCALAR, CISC), By End User (Consumer Electronics, Medical, Server & Data Center, Automotive, Manufacturing, Others), By Company (2020)”, has evaluated the future growth potential of global microprocessor market and provides statistics &information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global microprocessor market.