The microprocessor market size is projected to be valued at USD 74.55 billion in 2023, and is expected to rise to USD 139.94 billion by 2033. The sales of microprocessor are anticipated to expand at a significant CAGR of 6.5% during the forecast period.
Various Factors Propelling the Demand for Microprocessor Market
Attribute | Details |
---|---|
Microprocessor Market Estimated Size (2023) | USD 74.55 billion |
Microprocessor Market CAGR (2023 to 2033) | 6.5% |
Microprocessor Market Forecasted Size (2033) | USD 139.94 billion |
In contrast to the 4.13% CAGR observed between 2017 and 2022, the demand for microprocessor is anticipated to rise at a rate of 6.5% CAGR between 2023 and 2033. Global market expansion is being fueled by the electronics industry's rapid digitalization and automation, as well as the use of memory-based components in cutting-edge goods like smartphones, wearable technology, and electronic gadgets.
The smartphone market and industry have been growing and changing throughout time in terms of size and models. Emerging smartphone subscriptions are estimated to top six billion globally in 2021, and are likely to continue to grow by several hundred million over the following years, predicts Ericsson. China, India, and the United States are the three nations with high smartphone usage rates. According to predictions, there may be 7,516 million smartphone customers by 2026. The demand for cell phones is growing, thus the producers are creating more effective products.
An aging population, growing per capita disposable income, and improved quality of life are all closely correlated with healthcare spending. Long-life expectancies are a result of the world's old population, which is expanding at an unprecedented rate, but they come with a host of comorbidities. To enhance patient quality of life and lower medical expenses, microprocessors are used in a range of healthcare electronic systems, including real-time patient monitoring systems, wireless patient body monitoring systems, and remote health monitoring systems. For instance, electromyographic (EMG) impulses are translated into audible and visual signals by embedded microprocessors in nerve integrity monitors during several procedures
High Spending on the Gaming Industry is Providing Beneficial Prospects
Commonly found in contemporary consumer electronics, goods like smartphones and laptops are digital signal processor chips. Power speech recognition algorithms of these chips are used by programs like Google Assistant and Siri from Apple. DSPs have quickly migrated from modern smartphones and other consumer devices to military applications thanks to recent advances.
The integration of technologies like the In-Vehicle Infotainment (IVI) system, head-up displays, instrument clusters, AI-based voice assistants, and telematics into automobiles as a result of recent technological breakthroughs has significantly increased the demand for microprocessors in the sector. Additionally, as parking assistance and ADAS are used more frequently, the range of microprocessor applications is expanding.
The characteristics of the CISC-based processor, including its benefits over rival CPUs in terms of low cost, low power consumption, and low memory storage need, are attributed to driving the industry's growth. These capabilities boost the product's commercial acceptance in several sectors, including gaming hardware, automotive electronics, and IT & telecom infrastructure.
Several top automakers in the world, including Volvo Group, Audi, Volkswagen, Daimler, and BMW Group, are based in the area. In response to the region's stricter emission and traffic standards, nearly all key automakers are placing a growing emphasis on creating their electric vehicle models and self-driving automobiles. As a result, there may be a great uptake of automotive-grade microprocessors in the area, which is likely to significantly improve the prognosis for the industry given the high level of EV acceptance in nations like the United Kingdom, France, and Germany.
The growing need for intelligent and connected devices, such as IoT and smart devices, is the main driver of the possibility of microprocessor sales in the United States. The demand for strong and energy-efficient microprocessors to power these devices is rising as technology develops and more gadgets are linked to the internet.
This is generating a substantial opportunity for businesses in the America microprocessor market. The opportunity is also being driven in the United States by the expansion of sectors like autonomous vehicles, drones, and smart infrastructure that primarily rely on embedded microprocessors.
Asia Pacific region is expected to witness a 5% rate and hold a sizable market share. The rise is attributed to the region's growing usage of smartphones and other gadgets like laptops, mobile phones, desktop computers, and tablets.
Companies in the microprocessor sector should benefit significantly from government initiatives to encourage the creation of smart infrastructure and cities in India. It is anticipated that the need for microprocessors in sectors like automotive and industrial automation is likely to be driven by India's expanding manufacturing industry.
The need for embedded microprocessors in consumer electronics and other gadgets is also anticipated to be driven by India's vast and quickly expanding population, as well as its burgeoning middle class.
Due to high initial costs, the microprocessor market is highly consolidated and dominated by a limited group of large players. Intel, Nvidia, Qualcomm, and others are a few of the leading participants in the sector.
Recent market developments
Attribute | Details |
---|---|
Growth Rate | CAGR of 6.5% from 2023 to 2033 |
Base Year of Estimation | 2023 |
Historical Data | 2017 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and Volume in Units and F-CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
Key Segments Covered | Technology, Application, By Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
Key Companies Profiled | 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. |
Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 12: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 13: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: South Asia Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 15: South Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 16: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: East Asia Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 18: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 19: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Oceania Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 21: Oceania Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 22: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 24: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Technology, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness by Technology, 2023 to 2033
Figure 14: Global Market Attractiveness by Application, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 28: North America Market Attractiveness by Technology, 2023 to 2033
Figure 29: North America Market Attractiveness by Application, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Technology, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Europe Market Value (US$ Million) by Technology, 2023 to 2033
Figure 47: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 58: Europe Market Attractiveness by Technology, 2023 to 2033
Figure 59: Europe Market Attractiveness by Application, 2023 to 2033
Figure 60: Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia Market Value (US$ Million) by Technology, 2023 to 2033
Figure 62: South Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 63: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 68: South Asia Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 69: South Asia Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 70: South Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 71: South Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 72: South Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 73: South Asia Market Attractiveness by Technology, 2023 to 2033
Figure 74: South Asia Market Attractiveness by Application, 2023 to 2033
Figure 75: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) by Technology, 2023 to 2033
Figure 77: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 78: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: East Asia Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 83: East Asia Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 85: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Technology, 2023 to 2033
Figure 89: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: Oceania Market Value (US$ Million) by Technology, 2023 to 2033
Figure 92: Oceania Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: Oceania Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 98: Oceania Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 99: Oceania Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 100: Oceania Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 101: Oceania Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 102: Oceania Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 103: Oceania Market Attractiveness by Technology, 2023 to 2033
Figure 104: Oceania Market Attractiveness by Application, 2023 to 2033
Figure 105: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 106: MEA Market Value (US$ Million) by Technology, 2023 to 2033
Figure 107: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 108: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 113: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 114: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 115: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 116: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 117: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 118: MEA Market Attractiveness by Technology, 2023 to 2033
Figure 119: MEA Market Attractiveness by Application, 2023 to 2033
Figure 120: MEA Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 74.55 billion in 2023.
The share of Europe’s market in 2022 was 15%.
The market is forecast to register a CAGR of 6.5% through 2033.
The market is likely to be worth 139.94 billion by 2033.
From 2017 to 2022, the market registered a CAGR of 4.13%.
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