The Microprocessors 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 (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Microprocessors Global Market Report 2024, The microprocessors market size has grown steadily in recent years. It will grow from $77.74 billion in 2023 to $81.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to personal computers, data center expansion, mobile devices, gaming consoles, industrial and iot applications.
The microprocessors market size is expected to see steady growth in the next few years. It will grow to $93.03 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to artificial intelligence (ai) and machine learning, 5g and iot expansion, edge computing, autonomous vehicles, quantum computing. Major trends in the forecast period include multi-core processors, custom accelerators, energy-efficient processors, security enhancements, risc-v and open-source architectures.
The smartphones and tablets market is rapidly increasing which is driving the microprocessors market. Along with, rise in disposable income, a result of the economic growth, in developed and developing economies also had a positive impact on the demand for mobile phones and tablets. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, 71.8 million mobile connections were active in 2022, which is an increase of 3.8% from 2021. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Additionally, all in one microprocessor brings smart phone major components together and increase its performance and efficiency, hence is driving the microprocessors market globally.
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The microprocessors market covered in this report is segmented –
1) By Type: ARM-Based MPUs; x86-Based MPUs
2) By Application: PCs; Servers; Mainframes; Tablet; Cellphone; Embedded MPUs
3) By End-User Industries: Communication; Consumer Electronics; Automotive; Manufacturing
The microprocessors market report table of contents includes:
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