The Future of Multi-Core Processor Market
Multi-Core Processors estimated at US$60.3 Billion in the year 2020, is projected to reach a revised size of US$172.7 Billion by 2027, growing at a CAGR of 16.2% over the analysis period 2020-2027. Multicore processor is a processor with two or more actual central processing units called cores which reads and executes the program instructions. The need for enhancement in performance required for multitasking or heavy system usage drives the multi-core processor market. Also, a major number of multi-core processors are sold to mobile manufacturers as the mobile phone industry is rapidly increasing its advancement in capabilities.
Mainly multi-core processor market is divided into dual-core processors, quad-core processors, octa-core processors, and Hexa-core processors. Various Intel processors include Core i3, Core i5, Core i7 and Core i9. While multi-core processors of the AMD are AMD Ryzen Threadripper Processors, AMD Ryzen9,7,5,3 Desktop Processors. Further multi-core processors are used in various sectors such as electronics, automotive, telecommunications, healthcare, energy, and many others. Multicore processors market is driven by the growing demand for faster computing systems having higher functionality.
Apple launched new MacBook Pro laptops in May 2019 with Intel’s 9th Generation core processor powered by 2.6GHz while 6 core i7 processors powered by 4.5GHz.
To support the incoming 5G services Qualcomm in Dec 2018 launched Snapdragon 855 octa-core 7nm processor. Intel developing the processors to function like the human brain by quantum and neuromorphic computing is the future of processors. Prototype chip-” Loihi” and “Tangle Lake”.
Major players in the multi-core processor market are Intel Corporation (The U.S.), Advanced Micro Devices, Inc. (The U.S.), ARM Holdings, PLC (The U.K.), Broadcom Corporation (The U.S.) and many others. While in the mobile phone industry Qualcomm and MediaTek are the leading players who provide processors to mobile companies while companies like Apple and Samsung make their own.
Analyst Commentary:
Almost all the processors produced in 2019 were multi-core processors. With the advancement in connectivity of the world mobile phones remains the major factor contributing to it. High demand from mobile manufacturers is driving the growth of the multiprocessor industry.
With an improvement in technology and various applications of computers and mobile phones like in data processing and high-level gaming forcing the multi-core processor to improve its power and speed. Companies are continuously improving the speed and performance of the computers. Intel and AMD are in tough competition to make the best processor and are launching new processors with advanced technology to dominate the market. Also adding to it, limitation in the design of transistors according to Moore’s Law will make the companies to increase the number of processors.
With such powerful processors already existing in the market and production it signifies where the future of computing can go. And this advancement can only be met by superior speed and performance requiring a higher number of processors.
Thus, the multicore processor market is expected to foresee substantial growth in the upcoming years due to the factors mentioned above.
Segmentation:
The global multi-core processors market has been segmented based on type, end user, and region. The multi-core processor market is divided on the basis of the number of cores provided into the processor. An increase in the number of cores increases the speed and performance of the processor. By type, the multi-core processors market has been segmented into dual-core processors, quad-core processors, octa-core processors, and hexa-core processors. By end user, the multi-core processors market has been segmented into consumer electronics, automotive, telecommunications, healthcare, energy, and others. By region, the multi-core processors market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa and South America.
Further, geographically the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa and South America.
Regional Analysis:
The global multi-core processor market is divided into 5 regions namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America dominates among them because of presence of leading companies like Intel, AMD, Qualcomm. Followed by Asia-Pacific because of smartphone manufacturing companies, and large consumer electronics market. Europe comes third because of the usage of processors in the growing automotive market and the healthcare industry.
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