Austin, Dec. 14, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis:
The SNS Insider report indicates that,“The Microprocessor Market Size was valued at USD 62.67 billion in 2023 and is expected to reach USD 126.91 billion by 2032 and grow at a CAGR of 8.20% over the forecast period 2024-2032.”
Microprocessor Market Growth Driven by IoT, AI, and Industry 4.0
The microprocessor market plays a crucial role in advancing modern technology across sectors such as consumer electronics, automotive, and industrial machinery. Its growth is largely driven by the rise of high-performance computing, AI, and IoT. Companies like NVIDIA and AMD are strengthening their positions, with acquisitions like NVIDIA’s purchase of ARM Holdings and AMD’s acquisition of Xilinx, aiming to enhance AI capabilities and high-performance computing.
The adoption of IoT devices, from smart homes to industrial automation, is a key market driver, with smart home technology alone valued at nearly USD 140 billion in 2023. Industrial IoT applications and Industry 4.0 are pushing for increased microprocessor use, particularly in optimizing manufacturing processes. Additionally, automotive technologies, including autonomous vehicles, rely heavily on advanced microprocessors for real-time data processing and navigation.
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Dominant Market Players with their Products Listed in this Report are:
- Advanced Micro Devices
- Intel Corp
- STMicroelectronics
- Microchip Technology
- NXP Semiconductors
- Renesas Corp
- Qualcomm Inc.
- Texas Instruments
- NVIDIA Corp
- Analog Devices
- Broadcom
- Samsung
- Nuvoton Technology
- The Western Design Center
- SiFive
- Analog Devices.
Microprocessor Market Growth and Trends: Architecture and Application Insights
By Architecture
The Reduced Instruction Set Computer segment held a dominant market share of over 42% in 2023, driven by its widespread adoption across various sectors. RISC microprocessors offer improved pipelining and efficiency, making them ideal for high-performance and low-power applications such as embedded systems and mobile devices.
The Complex Instruction Set Computer segment is the fastest-growing, with a robust CAGR of 10.24% during the forecast period. CISC microprocessors, known for their complex instruction sets, enable a wide range of operations to be executed in a single instruction, enhancing overall performance.
By Application
The industrial sector led the microprocessor application segment with a 35% market share in 2023, driven by the growing adoption of advanced processing applications such as conversational AI, cloud computing, and IoT. The MI300X accelerator, part of the MI300 series, is designed to enhance Microsoft Research’s BigGANs at Revenge of the Common Warrior scale, posing a competitive challenge to NVIDIA in generative AI tasks and workloads.
The automotive sector is the fastest-growing segment, with a CAGR of 10.39% during the forecast period. Microprocessor usage in the automotive industry has surged, supporting Advanced Driver Assistance Systems (ADAS), infotainment systems, and other driving and autonomous technologies.
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Key Market Segments:
By Architecture
- RISC
- CISC
- Hybrid
- Others
By Application
- Computer
- Mobile Devices and Tablets
- Industrial
- Consumer
- Automotive
- Government
By Size
- Less than 10nm
- 10nm - 22nm
- More than 28nm
By Bit Size
- 4, 8, 16 bits
- 32 bits
- 64 bits
By Core Count
- Less than 4 Cores
- 8 Cores
- 16 Cores
- More than 32 Cores
Asia Pacific Dominates, North America Sees Fastest Growth in Microprocessor Market
Asia Pacific dominated the microprocessor market with a share exceeding 50% in 2023, driven by the widespread use of electronics such as smartphones, laptops, and tablets, particularly in emerging economies like China and India. Taiwan companies held over 62% of the market share, according to Interos Inc. The region’s growth is further supported by the expanding adoption of the Internet of Things (IoT), significant IT investments from the Chinese government, and rising demand for cloud services.
North America, with a 20% market share, is the fastest-growing region. It benefits from the adoption of digital technologies, IoT, and autonomous vehicles, creating demand for high-performance microprocessors, particularly from major players like Intel and AMD, as well as companies like Tesla and Rivian.
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Recent Development
- OCTOBER 15, 2024, Intel and AMD have teamed up to launch the x86 Ecosystem Advisory Group, aiming to enhance the consistency of the x86 processor architecture. Announced at the Open Compute Project Global Summit, the group includes cloud providers, server makers, and Linux creators. The consortium seeks to align Intel and AMD’s instruction sets, which currently differ in several key areas, including Intel’s Advanced Matrix Extensions for faster AI processing.
- SEPTEMBER 18, 2024 STMicroelectronics has launched the STM32MP25x microprocessor family, featuring dual Cortex -A35 cores, a Cortex-M33 MCU, and a 1.35 TOPS Neural Processing Unit (NPU) to accelerate deep learning for industrial AI and vision applications. The MPUs also offer advanced connectivity options, robust security with SESIP Level-3 pre-certification, and are designed for Industry 4.0 applications requiring high-performance computing and AI capabilities.
Table of Contents - Key Points Analysis
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Microprocessor Market Segmentation, by Architecture
8. Microprocessor Market Segmentation, by Size
9. Microprocessor Market Segmentation, by Bit Size
10. Microprocessor Market Segmentation, by Core Count
11. Microprocessor Market Segmentation, by Application
12. Regional Analysis
13. Company Profiles
14. Use Cases and Best Practices
15. Conclusion
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