Microprocessor Market Focusing on Trends and Innovations during the Period 2022 to 2030
The report “Microprocessor Market Share, Size, Trends, Industry Analysis Report, By Application (Personal Computers, Smartphones, Tablets, Servers, Embedded Devices, Others); By Technology (CISC, ASIC, RISC, Superscalar, DSP); By Region; Segment Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
According to the research report published by Polaris Market Research, The microprocessor market size is expected to reach USD 94.97 billion by 2029 according to a new study by Polaris Market Research.
Microprocessors have become an essential part of technology, especially with the advent of artificial intelligence and the Internet of Things (IoT). Exponential progress in the number of transistors can be fabricated in a single chip performing several processes resulting in the integration of all the components of a computer involved in executing instructions together on microprocessors. Among technology, Read Instruction Set Computer (RISC) holds huge dominance driven by their significant usage across platforms such as personal computers, smartphones, tablets, and embedded devices. It facilitates seamless operations with simple and standardized one layer of instructions and is also inexpensive compared to other technologies in the industry.
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COVID-19 pandemic has created severe distress in consumers’ purchasing power and spending with the heavy financial losses to various industries, widespread job losses, and pay cuts of employees’ salaries across different sectors. It subsequently impacts consumer goods demand, including electronic devices and computers, creating a setback for microprocessors’ demand amid the pandemic. However, with the rebound in the global economy and rise in ticket purchases of consumers worldwide, the market outlook looks resilient with attractive opportunities over the coming years.
Top Market Players
- Intel Corporation
- Advanced Micro Devices Inc. (AMD)
- Texas Instruments Inc.
- Qualcomm Inc.
- Broadcom Inc.
- Taiwan Semiconductor
- Toshiba Electronic Devices and Storage Corporation
- IBM Corporation
- Nvidia Corporation
- Renesas Electronics Corporation
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An increasing number of smartphone users worldwide with the adoption of digital technologies and advancement in technologies is one of the key growth drivers of the market. The rise in industrialization and IT infrastructure across organizations substantiates the microprocessor technology adoption across economies. The rapid adoption of the internet of things (IoT) and artificial intelligence is also expected to complement the microprocessor market share growth.
Polaris Market Research has segmented the microprocessor market report on the basis of application, technology, and region:
Microprocessor, Application Outlook (Revenue – USD Billion, 2017 – 2029)
- Personal Computer
- Embedded Devices
Microprocessor, Technology Outlook (Revenue – USD Billion, 2017 – 2029)
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