According to the 'Global Microprocessor Report' - the global microprocessor market was valued at USD85.02 billion in 2020 and is projected to grow at a CAGR of around 4.16 per cent during the forecast period, owing to the popularity of social networking platforms, growing adoption of digital distribution, high demand from IoT sector, rising demand for portable devices, and increasing demand in the healthcare sector due to the COVID-19 pandemic.
Additionally, growth in demand from the semiconductor market and requirement in household appliances and automobiles is also expected to drive the market. To meet the growing technological demands across the globe, microprocessors prove to be a boon for all sectors. However, instability in the prices of GPU and high production cost is likely to hamper the market growth during the forecast period. Additionally, the installation and implementation of overheads can further restrict the growth of the market.
The global microprocessor market is segmented based on type, technology outlook, architecture, end user, region, and company. Based on region, the market can be fragmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa. Asia Pacific contributes the highest share of 35.81% in the market and is expected to grow at a significant pace on account of its high technological investments, new user engagement and also because of high consumer demands.
Based on end user, the market can be divided into consumer electronics, medical, server and data center, automotive manufacturing, and others. The consumer electronics segment dominates the market with a share of 20.34% in 2020, primarily due to the increasing number of smartphones and PCs, etc., as microprocessors are one of the basic things in the digital world.
Based on type, the market can be segmented into desktop microprocessor, mobile microprocessor and performance microprocessor. The desktop microprocessor segment dominates the market with a share of 35.61% in 2020 due to their availability at low cost, low power and less weight, high computing capability, and also due to high demand for desktops at workplaces.
Based on architecture, the market can be split up into ARM, x86, SPARC and others. The ARM segment dominates the market with a share of 32.62% in 2020 due to low power consumption and low cost and has better performance when compared to other processors.
Based on technology outlook, the market can be segmented into RISC, DSP, ASIC, Superscalar, CISC. The RISC segment dominates the market with a share of 25.32% in 2020 as the RISC architecture allows simplicity and offers a more specialized set of instructions, which therefore means that it allows developers the freedom to utilize the space on the microprocessor.
"Global microprocessor market is anticipated to grow at a significant pace during the forecast period due to the increasing technological advancements, new customer engagement, need for microprocessor in all the sectors, popularity of social networking platforms and the growing adoption for digital distribution.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
