Microprocessors Global Market Report 2024

The microprocessors market size has grown steadily in recent years. It will grow from $77.74 billion in 2023 to $81.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed in the historical period can be attributed to several key factors, including the increased demand for personal computers, the expansion of data centers, the proliferation of mobile devices, the popularity of gaming consoles, and the growing utilization of microprocessors in industrial and IoT (Internet of Things) applications.

The microprocessors market size is expected to see steady growth in the next few years. It will grow to $93.03 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The anticipated growth in the forecast period can be attributed to several key factors, including the increasing adoption of artificial intelligence (AI) and machine learning technologies, the expansion of 5G networks and the Internet of Things (IoT), the development of edge computing solutions, the emergence of autonomous vehicles, and the ongoing progress in quantum computing. Significant trends expected in the forecast period include the prevalence of multi-core processors, the use of custom accelerators, the development of energy-efficient processors, enhancements in security features, and the adoption of open-source architectures like RISC-V.

The expanding smartphones and tablets market is a key driver behind the growth of the microprocessors market. Increasing disposable incomes, a result of economic growth in both developed and developing economies, have positively impacted the demand for mobile phones and tablets. For example, a report by Uswitch Limited in February 2023 highlighted that there were 71.8 million active mobile connections in 2022, marking a 3.8% increase from 2021. The anticipated 2025 population of 68.3 million in the UK is expected to have 95% smartphone penetration. Additionally, the integration of all-in-one microprocessors in smartphones, consolidating major components to enhance performance and efficiency, is a key factor driving the global microprocessors market.

The primary types of microprocessors can be categorized as ARM-based MPUs and x86-based MPUs. The ARM-based RZ microprocessor family stands out by incorporating advanced peripherals, substantial embedded memory, and a robust ecosystem of proprietary and third-party software. These processors are designed to provide the ease of use akin to conventional microcontrollers, making them ideal for enabling next-generation human-machine interfaces and high-end industrial applications. Microprocessors find applications in a wide range of devices, including PCs, servers, mainframes, tablets, cell phones, and embedded MPUs. They cater to various end-user industries, such as communication, consumer electronics, automotive, and manufacturing.

The microprocessors market research report is one of a series of new reports that provides microprocessors market statistics, including microprocessors industry global market size, regional shares, competitors with a microprocessors market share, detailed microprocessors market segments, market trends and opportunities, and any further data you may need to thrive in the microprocessors industry. This microprocessors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing costs related to chips and microprocessors are anticipated to present a major challenge to the microprocessor industry. While the prices of chips and communication hardware components have been declining, software expenses have been on the rise due to the escalating demand for sophisticated and diverse software. This trend is compounded by considerable wage hikes for labor involved in software development and production. These factors are likely to impose restraints on the microprocessor market during the forecast period.

The rapid surge in energy consumption by microprocessors in wireless networks is identified as a significant threat to environmental conservation and sustainable development. The expansion of network infrastructures due to high-speed internet access from next-generation wireless networks and increased smartphone usage has substantially escalated the global demand for data access, intensifying energy requirements. To address these challenges, a green evolution has become an urgent priority for wireless network service providers and microprocessor manufacturing companies. Presently, companies are investing in research and development for innovative and efficient microprocessors. The trend towards energy-efficient, high-performance processors is evident in the microprocessor market. For example, in September 2022, Intel introduced the 13th Gen Intel Core processor family, featuring the fastest desktop CPU, the 13th Gen Intel CoreTM i9-13900K, offering up to 24 cores, 32 threads, and clock rates up to 5.8 GHz for optimal gaming, streaming, and recording experiences.

Major players in the microprocessor market are introducing new products such as System-on-Chip (SoC) microprocessors to cater to larger consumer bases, drive increased sales, and boost revenue. A System-on-Chip (SoC) microprocessor is an integrated circuit that consolidates essential components of a computing system onto a single chip. For instance, in July 2023, Ambiq, a US-based semiconductor solutions provider, unveiled the Apollo4 Lite and Apollo4 Blue Lite microprocessors. Distinguished by Ambiq's Subthreshold Power-Optimized Technology (SPOT) platform, these products offer additional functionalities while reducing overall system power consumption, thereby enhancing battery life for devices. The Apollo4 Lite and Apollo4 Blue Lite prioritize prolonged battery life, enhanced safety features, and powerful graphics in compact form factors, catering to a range of devices such as digital health products, smartwatches, fitness bands, animal trackers, voice-activated remote controls, industrial maintenance, and IoT-enabled smart homes.

In February 2022, Advanced Micro Devices (AMD), a US-based semiconductor company, acquired Xilinx for an undisclosed sum. This strategic acquisition of Xilinx brings a complementary range of products, clientele, and markets, along with distinctive intellectual property and advanced expertise to AMD. The integration positions AMD as a leader in high-performance and adaptive computing within the industry. Xilinx, also a US-based semiconductor manufacturer, adds value to AMD's portfolio and strengthens its position in the microprocessor market.

Major companies operating in the microprocessors market include MediaTek Inc., Toshiba Corporation, Intel Corporation, Qualcomm Incorporated, Samsung Semiconductor Inc., Broadcom Inc., Freescale Semiconductor Inc., Nvidia Corporation, Advanced Micro Devices Inc. (AMD), Spreadtrum Communications Inc., Texas Instruments Incorporated (TI), Apple Inc., International Business Machines Corporation (IBM), Atmel Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSMC), Leadcore Technology Co. Ltd., Amlogic Inc., Nufront, Ingenic Semiconductor Co. Ltd., Advanced Micro Devices Inc., Marvell Technology Group Ltd., Renesas Electronics Corporation, Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Microchip Technology Inc., Analog Devices Inc., ON Semiconductor Corporation, Cypress Semiconductor Corporation, Xilinx Inc., Altera Corporation, Silicon Laboratories Inc., Cavium Inc., Integrated Device Technology Inc., LSI Corporation, Maxim Integrated Products Inc., PMC-Sierra Inc., Semtech Corporation, Synopsys Inc., Zilog Inc.

Asia-Pacific was the largest region in the microprocessors market in 2023. North America was the second-largest region in the microprocessors market. The regions covered in the microprocessors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the microprocessors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The microprocessor market consists of sales of advanced risc machine (ARM) processor, microprocessor without interlocked pipelined stages (MIPS) processor, scalable processor architecture (SPARC) processor, and other microprocessors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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