Multi-Core Processor Global Market Report 2024

A multicore processor is an integrated circuit that incorporates two or more processor cores, allowing users to execute multiple core processes simultaneously. This design is aimed at enhancing system performance when running concurrent applications while also minimizing power consumption.

The primary types of multicore processors include octa-core processors, hexa-core processors, quad-core processors, and dual-core processors. Octa-core processors, for example, consist of eight processor cores, providing capabilities for tasks such as handling high-resolution videos and graphic-intensive games in Android smartphones without significantly impacting battery life. These processors find applications in various devices, including computers, smartphones, and other consumer electronics. They are utilized across a range of industries, including automotive, telecommunications, energy, healthcare, and more.

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

The multi-core processor market size has grown rapidly in recent years. It will grow from $91.47 billion in 2023 to $105.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth observed in the historical period can be attributed to factors such as the focus on energy efficiency, the expansion of the gaming industry, increasing environmental concerns, the application of multicore processors in medical imaging, and the overall cost efficiency provided by these processors.

The multi-core processor market size is expected to see rapid growth in the next few years. It will grow to $191.46 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The anticipated growth in the forecast period can be attributed to factors such as increased performance demands, the continuous improvement of server performance, the growing importance of cybersecurity, the proliferation of multicore processors in mobile devices, and a focus on utilizing renewable resources. Key trends expected during this period include the widespread adoption of cloud computing, advancements in server performance, the integration of artificial intelligence, the deployment of 5G technology, and the increased utilization of data analytics.

The growth of the multi-core processor market is expected to be propelled by the increasing demand for smartphones. Smartphones, handheld electronic devices providing connectivity to cellular networks and the internet, benefit from multi-core processors, which enhance their ability to handle and execute tasks, enabling simultaneous operation of multiple and heavier applications. According to a report by the Pew Research Center in April 2021, 64% of Americans own a smartphone, and 2 in 10 access the Internet primarily through mobile devices. Additionally, 17% of American smartphone owners have used their phones to report community problems to local authorities. Consequently, the surge in smartphone demand is a driving force behind the growth of the multi-core processor market.

The anticipated growth in the automotive industry's demand for multi-core processors is expected to drive the overall market forward. The automotive industry, encompassing the design, development, manufacturing, marketing, and sale of motor vehicles, increasingly relies on multi-core processors to manage in-car networking and communication systems. These processors facilitate data exchange among various vehicle components, supporting functionalities like diagnostics, over-the-air updates, and inter-system communication. In 2021, global automotive production reached 79.1 million, marking a 1.3% increase over 2020, as reported by The European Automobile Manufacturers Association. Therefore, the rising demand for multi-core processors in the automotive sector will be a significant driver for the multi-core processor market.

A notable trend in the multi-core processor market is the emphasis on product innovations by major market players to meet consumer demands. For instance, Intel, a US-based microprocessor manufacturer, introduced the Intel Core X-Series of desktop processors in February 2021. This 10th generation of Intel Core CPUs boasts a maximum boosted clock speed of 4.8GHz, up to 18 cores, and 3 thread counts. The product supports 256GB of DDR4-2933 RAM and features updated Intel Turbo Boost Max Technology.

Major companies in the multi-core processor market are committed to developing innovative solutions, such as the 14th Generation desktop processors, to enhance their product offerings. Intel, in October 2023, launched the Intel Core 14th Generation desktop processor family, featuring the Intel Core i9-14900K. This new processor family includes six unlocked desktop processors with up to 24 cores, 32 threads, and a frequency of up to 6 GHz right out of the box. Intel's Extreme Tuning Utility (XTU) now includes the new AI Assist feature, providing one-click multi-AI-guided overclocking for select unlocked Intel Core 14th Gen desktop processors.

In February 2022, Advanced Micro Devices, Inc. (AMD), a US-based semiconductor product and device producer, acquired Xilinx, Inc. for $50 billion. This acquisition positions AMD to offer a robust portfolio of high-performance and adaptive computing solutions in the industry, considering Xilinx's expertise in multi-core processors and programmable logic solutions.

Major companies operating in the multi-core processor market include Advanced Micro Devices Inc., Apple Inc., Applied Micro Circuits Corporation, ARM Holdings PLC, Broadcom Inc., Cavium Inc., Intel Corporation, MACOM Technology Solutions Holdings Inc., MediaTek Inc., NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Spreadtrum Communications Inc., Texas Instruments Incorporated, International Business Machines Corporation, Ampere Computing LLC, Andes Technology Corporation, Centaur Technology Inc., C-SKY Microsystems Co. Ltd., Imagination Technologies Limited, Marvell Technology Group Ltd., Microchip Technology Incorporated, MIPS Tech Inc. (Wave Computing Inc.), Open-Silicon Inc., RDA Microelectronics Inc., Renesas Electronics Corporation, SiFive Inc., STMicroelectronics N.V., Synopsys Inc., VIA Technologies Inc., ZTE Microelectronics Technology Co. Ltd.

North America was the largest region in the multi-core processor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-core processor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the multi-core processor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The multi-core processor market consists of sales of homogenous multi-core processors and heterogeneous multi-core processors. 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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