PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485743
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485743
Microprocessor Market size was valued at USD 117,545.21 million in 2023, expanding at a CAGR of 7.4% from 2024 to 2032.
Microprocessors are found in a wide range of devices, from personal computers and smartphones to embedded systems and appliances. They typically contain millions or even billions of transistors, which allow them to perform complex tasks at high speeds. With the increasing connectivity of devices, security threats such as cyberattacks and data breaches pose significant challenges for microprocessor manufacturers to develop secure and resilient solutions. Furthermore, The widespread use of microprocessors is a result of technological advancement and the expanding influence of the Internet of Things (IoT), which estimates that the market share of microprocessors will increase steadily over the next several years.
Microprocessor Market- Market Dynamics
Rising Adoption of Microprocessors in the Aerospace & Defense Industry
The increasing adoption of microprocessors in the aerospace and defense industry is a pivotal development reshaping the sector's landscape. Microprocessors, owing to their miniature size, low power consumption, and high computational capabilities, are revolutionizing various aspects of aerospace and defense systems. With the growing threat of cyber attacks, microprocessors with built-in security features are becoming indispensable in aerospace and defense systems. To keep pace with technological advancements, the Bureau of Industry and Security (BIS) is broadening the range of microprocessors subject to the restriction in the Export Administration Regulations' military end-use and end-user control.
Microprocessor Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.4% over the forecast period (2024-2032)
Based on product type segmentation, direct memory access controller was predicted to show maximum market share in the year 2023
Based on application segmentation, personal computers were the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Microprocessor Market is segmented based on Product Type, Application, End User, and Region.
The market is divided into six categories based on product type: Direct Memory Access Controller, Digital -to-analog Converter, Analog-to-digital Converter, Video Graphics Adapter, Universal Serial Bus and Others. Direct Memory Access Controller (DMA) has the highest market share as it can be more efficient than CPU-managed transfers since DMA controllers can move blocks of data at once, reducing the overhead associated with managing individual data transfers.
The market is divided into eight categories based on application: Smartphones, Servers, Personal Computers, Tabs, Embedded Devices, Laser printers, Calculators, and Others. Due to the increasing number of transistors and the growing use of microprocessor chips in computers, personal computers accounted for the largest share. High-tech microprocessors and advanced process technologies are primarily driven by the need to optimize data storage capacities, increase operating speeds, improve memory, and ensure smooth, logical working. Because smartphones are becoming more and more common among people all over the world, the smartphone sector is anticipated to increase at the fastest rate over the microprocessor market projection period.
Microprocessor Market- Geographical Insights
Asia Pacific has the largest revenue share in the world and is predicted to expand at the quickest rate during the projection period. A sizable population, a growing market for consumer electronics, a higher adoption rate of smartphones, and technological breakthroughs have all contributed to the growing use of electronic devices and gadgets. Asia Pacific's top nations China, Japan, Taiwan, and South Korea-are responsible for the chip manufacturing sector's rapid expansion. For instance, the Ministry of Electronics and Information Technology (MeitY), in collaboration with the Ministry of Defence, has announced an initiative to offer a 'deployment-linked incentive (DLI)' to facilitate the indigenous designing and manufacturing of secure semiconductor devices. The development of broadband, high-spectrum, and cloud connectivity, together with the region's increased internet usage, all contribute to the advancement of microprocessor industry technologies in the area
The major players in the microprocessor market include Broadcom, Inc., Intel Corporation, Qualcomm, Samsung Electronics, NVIDIA Corporation, NXP Semiconductors N.V. etc. Intel has been a dominant force in the microprocessor market for decades, known for its x86 architecture. They have a wide range of products catering to various segments such as personal computing, data centers, and IoT devices. In May 2022, SiPearl, the company designing the high-performance, low-power microprocessor for European exascale supercomputers, entered into a strategic collaboration agreement with NVIDIA for joint technical and business developments aiming to combine both companies' portfolio of hardware and software solutions. These players compete not only in terms of performance and efficiency but also in areas such as power consumption, manufacturing process technology, and integration of specialized features like AI acceleration and security enhancements.
In April 2022 Ministry of Electronics & IT announced the Digital India RISC-V Microprocessor (DIR-V) Program to enable the creation of Microprocessors for the future in India and achieve industry-grade silicon & Design.
In MAY 2024, IIT-M start-up Mindgrove Technologies announced to launch first indigenously designed microcontroller chip.
In February 2024, Wipro announced a collaboration with Intel Foundry to accelerate chip design innovation where Wipro will work with Intel Foundry to accelerate the development of Intel's most advanced process nodes.
In May 2024, Frontgrade Gaisler announced their collaboration to explore the integration of BrainChip's Akida neuromorphic processor into Frontgrade Gaisler's next-generation fault-tolerant, radiation-hardened microprocessors. This collaboration aims to introduce the first space-grade SoC worldwide with incorporated true artificial intelligence (AI) capabilities.
GLOBAL MICROPROCESSOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Broadcom, Inc.
Intel Corporation
Qualcomm
Samsung Electronics
SK Hynix
Taiwan Semiconductors
Texas Instruments
Toshiba Corporation
Maxim Integrated Products, Inc.
Micron Technology
NVIDIA Corporation
NXP Semiconductors N.V.
Others