22-Feb-2023 | Market Research Store
A microprocessor is a chip that can perform all the tasks of a computer’s central processing unit. It is a multipurpose, electronic, clock driven, programmable, register-based device, which approves digital data as input, organizes it conferring to instructions stored in its memory, and provides an output. It comprises both chronological digital logic and combinational logic and functions on numbers and symbols that are accessible via the binary numeral system.
The microprocessor market globally is expected to show a noticeable market boost in the future, owing to the growing acceptance of smartphones and tablets. Furthermore, the implementation of cloud computing is correspondingly driving the microprocessor market expansion. The augmented use of microprocessors in numerous applications is another major driver boosting the global microprocessor market. However, the declining shipment of individual computers, high raw material prices, and the growing sales of low-priced mobile devices may hamper the progress of the global microprocessor market.
The global microprocessor market is segmented on the basis of architecture, type, application, and vertical. By architecture, the microprocessor market includes X86, ARM, MIPS, Power, and SPARC. The X86 architecture segment is expected to hold the largest share of the market in the future, owing to its huge application in consumer electronics. By type, the market includes integrated graphics, discrete graphics, video graphics adapter, analog-to-digital and digital-to-analog converter, peripheral component interconnects bus, universal serial bus, direct memory access controller, and others. By application, the microprocessor market includes smartphones, personal computers, servers, tablets, embedded devices, and others.
Personal computers held the largest market share in 2018 due to its growing use in people’s day-to-day lives. By vertical, the market includes consumer electronics, server, automotive, banking, financial services, and insurance (BFSI), aerospace and defense, medical, and industrial. Automotive applications include ADAS and infotainment systems, which are extensively being accepted and used by car manufacturers. The rising demand for unmanned aerial vehicles (UAVs) or drones in the entertainment application is further pushing the progress of the global microprocessor market.
By region, Asia Pacific is projected to hold the largest share of the global microprocessor market over the forecast time period. This can be attributed to the existence of main corporations in the region, such as Rockchip (China), Mediatek (Taiwan), Samsung (South Korea), Spreadtrum (China), Toshiba (Japan), and Renesas (Japan), which offer microprocessor solutions. Additionally, the Asia Pacific region has a greater penetration of consumer electronics like laptops, mobiles, desktops, and tablets.