The Multi-Core Processor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Multi-Core Processor Global Market Report 2024, The multi-core processor market size has grown rapidly in recent years. It will grow from $91.47 billion in 2023 to $105.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to energy efficiency, gaming industry, environmental concerns, medical imaging, cost efficiency.
The multi-core processor market size is expected to see rapid growth in the next few years. It will grow to $191.46 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to performance demands, server performance, cybersecurity, mobile devices, renewable resources. Major trends in the forecast period include cloud computing, server performance, artificial intelligence, 5g technology, data analytics.
The increase in demand for smartphones is expected to propel the growth of the multi-core processor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones with multi-core processors are helpful for handling and executing tasks and can perform more and heavier apps simultaneously. For instance, in April 2021, according to a report by the Pew Research Center, 6 in 10 Americans own a smartphone (64%), and 2 in 10 Americans now access the Internet primarily through their mobile devices. The report also states that 17% of American smartphone owners have used their phone to report a community problem in their neighborhood (such as a pothole or missing street sign) to the local authorities. Therefore, an increase in demand for smartphones is driving the growth of the multi-core processor market
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The multi-core processor market covered in this report is segmented –
1) By Type: Octa Core Processors, Hexa Core Processors, Quad Core Processors, Dual Core Processors
2) By Application: Computer, Smart Mobile Device, Other Applications
3) By End-User: Consumer Electronics, Automotive, Telecommunications, Energy, Healthcare, Other End-Users
Product innovations have emerged as a key trend gaining popularity in the multi-core processor market. Major market players are concentrating their efforts on creating innovative products for multicore processors to meet consumer demand. For instance, in February 2021, Intel, a US-based manufacturer of microprocessors, introduced the Intel Core X-Series of desktop processors, which is the 10th generation of Intel Core CPUs. The product has a maximum boosted clock speed of 4.8GHz, with the core count climbing as high as 18 and the thread count reaching 3. The product also supports 256GB of DDR4-2933 RAM and updated Intel turbo boost max technology.
The multi-core processor market report table of contents includes:
1. Executive Summary
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