The microprocessor market size is expected to reach USD 94.97 billion by 2029 according to a new study by Polaris Market Research. The report “Microprocessor Market Share, Size, Trends, Industry Analysis Report, By Application (Personal Computers, Smartphones, Tablets, Servers, Embedded Devices, Others); By Technology (CISC, ASIC, RISC, Superscalar, DSP); By Region; Segment Forecast, 2022 - 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Microprocessors have become an essential part of technology, especially with the advent of artificial intelligence and the Internet of Things (IoT). Exponential progress in the number of transistors can be fabricated in a single chip performing several processes resulting in the integration of all the components of a computer involved in executing instructions together on microprocessors.
Among technology, Read Instruction Set Computer (RISC) holds huge dominance driven by their significant usage across platforms such as personal computers, smartphones, tablets, and embedded devices. It facilitates seamless operations with simple and standardized one layer of instructions and is also inexpensive compared to other technologies in the industry.
The Asia Pacific holds a gigantic share in the global market, a manufacturing hub in semiconductor and electronics manufacturing across various applications. China has raised its prominence in manufacturing semiconductor integrated circuits or chips and has boosted its domestic capacity in recent years, most notably through its “Made in China 2025,” which has a significant focus on promoting the national integrated circuit industry as one of the key manufacturing sectors.
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Industry participants such as Intel Corporation, Advanced Micro Devices Inc. (AMD), Texas Instruments Inc., Qualcomm Inc., Broadcom Inc., Samsung, Taiwan Semiconductor, Toshiba Electronic Devices, and Storage Corporation, IBM Corporation, Nvidia Corporation, and Renesas Electronics Corporation are some of the key players competing in the global market.
Leading players have been investing a lot in research and developments and launching new technologies to gain an edge over the competition. In August 2021, IBM has introduced the Telum processor to be integrated as a central processor chip in the company’s next-generation IBM Z and LinuxONE System. The microprocessor has an on-chip accelerator for AI interference and contains eight processor cores clocked with more than 5 GHz.
Polaris Market Research has segmented the microprocessor market report on the basis of application, technology, and region:
Microprocessor, Application Outlook (Revenue - USD Billion, 2017 - 2029)
Microprocessor, Technology Outlook (Revenue - USD Billion, 2017 - 2029)
Microprocessor, Regional Outlook (Revenue - USD Billion, 2017 - 2029)