Microprocessors Market Growth Outlook Through 2024-2033

Overview and Scope
Microprocessors are controlling units of an integrated circuit that is capable of performing arithmetic and logic operations. Microprocessors fetch, decode and execute operations and communicate with other devices connected to them. A microprocessor consists of an ALU, a register array, and a control unit.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the microprocessors market in 2023. North America was the second-largest region in the microprocessors market. The regions covered in the microprocessors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the microprocessors market include MediaTek Inc., Toshiba Corporation, Intel Corporation, Qualcomm Incorporated, Samsung Semiconductor Inc., Broadcom Inc., Freescale Semiconductor Inc., Nvidia Corporation, Advanced Micro Devices Inc. (AMD), Spreadtrum Communications Inc., Texas Instruments Incorporated (TI), Apple Inc., International Business Machines Corporation (IBM), Atmel Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSMC), Leadcore Technology Co. Ltd., Amlogic Inc., Nufront, Ingenic Semiconductor Co. Ltd., Advanced Micro Devices Inc., Marvell Technology Group Ltd., Renesas Electronics Corporation, Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Microchip Technology Inc., Analog Devices Inc., ON Semiconductor Corporation, Cypress Semiconductor Corporation, Xilinx Inc., Altera Corporation, Silicon Laboratories Inc., Cavium Inc., Integrated Device Technology Inc., LSI Corporation, Maxim Integrated Products Inc., PMC-Sierra Inc., Semtech Corporation, Synopsys Inc., Zilog Inc.

The microprocessors market report table of contents includes:

1. Executive Summary
2.Microprocessors Market Characteristics
3.Microprocessors Market Trends And Strategies
4.Microprocessors Market analysis
5.Microprocessors Market Size And Growth
6.Microprocessors Segmentation
7.Microprocessors Regional And Country Analysis
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27.Microprocessors Competitive Landscape And Company Profiles
28.Microprocessors Key Mergers And Acquisitions
29.Microprocessors Future Outlook and Potential Analysis

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