Microprocessor Market Worth $190.80 Billion By 2030

Microprocessor Market Growth & Trends

The global microprocessor market is expected to reach USD 190.80 Billion by 2030, registering a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. In recent years, growing IT industries and increasing data centers have been observed continuously demanding cloud and web-based services. Shifting inclination towards cloud data storage is expected to result in growing demand for servers, further boosting the demand for microprocessors over the forecast years. Besides, there is a surging need to increasingly minimize the size of microprocessors due to the compact size of devices that enable improved processing, speed, and portability, resulting in the growth of the market across the globe.

Escalating demand for microprocessors in various applications such as 5G technology, smart cards, artificial intelligence (AI), and machine learning techniques is expected to be one of the key factors boosting the market growth. The aforementioned applications enable speedier transit of organizational data across the IT network, and thus find extensive usage in public clouds, data center facilities, and connected devices. Most organizations are, therefore, incorporating ICs to support the functioning of advanced technologies in devices, resulting in lower operational cost.

Embedded devices application is driven by extensive usage of microprocessors. Based on the type of application, embedded microprocessors can use 8, 16, 32, and 64 bit processors. High end processors find use in communications infrastructure equipment such as soft switches and firewalls, whereas usage of low-end processors lies in consumer electronics and industrial applications. Furthermore, economic betterment in Asia Pacific and consequent growth in market penetration of consumer electronics remain key contributors to the regional as well as global growth.

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Microprocessor Market Report Highlights

• Microprocessor market is anticipated to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare and Automotive, among others.

• The ARM MPU segment accounted for the largest market share of 45%  in 2022, owing to itswide applications in PCs and desktops. For instance, ARM Ltd. is strengthening its position in the personal computers arena with its X2 CPUs. Meanwhile, MediaTek and Apple have forayed into the ARM-based notebook PC market.

• The smartphone application is expected to register the fastest growth over the forecast period, owing to the increasing use of microprocessor within smartphones and tablets, across the globe.          

• The Asia Pacific market is anticipated to emerge as the fastest-growing region, owing to the presence of a large number of personal computers manufacturers in the region.

• Key players in the market include Advanced Micro Devices (AMD), Inc., Intel Corporation, Toshiba Electronic Devices and Storage Corporation, Texas Instruments Incorporated, Qualcomm technologies Inc., and Taiwan Semiconductor Manufacturing Company Limited, among others. New product development and expansion remains the major strategy adopted by the leading manufacturers in the market.

Microprocessor Market Segmentation

Grand View Research has segmented the global microprocessor market based on technology, application, and region:

Microprocessor Architecture Type Outlook (Revenue, USD Million, Volume, Million Units, 2017 - 2030)

• ARM MPU

  • By ARM Size

    • ARM 32-Bit

    • ARM 64-Bit

• By End Use Industry

  • Consumer Electronics

  • Networking & Communication

  • Automotive

  • Industrial

  • Medical Systems

  • Aerospace & Defense

  • Energy

    • Oil & Gas

    • Others

  • Others

• x64

• x86

• MIPS

Microprocessor Application Outlook (Revenue, USD Million, 2017 - 2030)

• Smartphones

• Personal Computers

• Servers

• Tablets

• Embedded Devices

• Others

Microprocessor Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

• U.S.

• Canada

• Mexico

• Europe

• U.K.

• Germany

• France

• Asia Pacific

• China

• India

• Japan

• South Korea

• South America

• Brazil

• Middle East & Africa

List of Key Players of Microprocessor Market

• Advanced Micro Devices (AMD), Inc.

• Intel Corporation

• Toshiba Electronic Devices and Storage Corporation

• Texas Instruments Incorporated

• Qualcomm technologies Inc.

• Taiwan Semiconductor Manufacturing Company Limited