Microprocessor Market is Projected to Experience Significant Growth by 2028
Category: #business  By Ronak Bora  Date: 2022-08-04
  • share
  • Twitter
  • Facebook
  • LinkedIn
Microprocessor Market is Projected to Experience Significant Growth by 2028

The global microprocessor market share is expected to grow exponentially through 2028 owing to rising prevalence of industrial automation across smart factories.

Microcontrollers and microprocessors have been around for more than 40 years. Over time, great advancements in design as well as semiconductor processing have offered high versatility and power to various industries, such as IT, telecom, transportation, aerospace, and so on. These processors vary from minor 8-bit embedded controllers to 32-bit and 64-bit behemoths capable of speeds exceeding 4 Gb/s. Most modern electrical products have been made possible due to their generic programmable character. Nonetheless, these technologies are still evolving to meet cutting-edge demands, which has positively influenced the product landscape.

Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/5227

Notably, there has been increased focus on the development of specialized systems-on-chip (SoCs) with a CPU foundation optimized for certain application areas. As a result, notable advancements in the product to accommodate prominent processing needs have propelled market growth significantly in the past few years.

Recently, industry players have been investing heavily towards the development of new and advanced microprocessor technologies. For instance, in January 2022, Samsung Electronics, a global leader in breakthrough semiconductor technology, unveiled the Exynos 2200, its latest premium mobile processor. The innovative and high-tech mobile processor features hardware-accelerated ray tracing as well as leading-edge Arm-based computing.

The microprocessor market has been segmented in terms of technology, application, and region. With respect to technology, the industry has been bifurcated into reduced instruction set computer (RISC), complex instruction set computer (CISC), superscalar, application specific integrated circuit (ASIC), and digital signal processor (DSP). The application specific integrated circuit (ASIC) sub-segment is expected to experience significant growth at around 4% over the review timeline owing to increasing demand for application-specific microprocessors in the market.

Based on application, the microprocessor market has been divided into automotive & transportation, consumer electronics & home appliances, industrial, medical & healthcare, aerospace & defense, IT & telecom, and others. In 2021, the industrial sub-segment held a market share of more than 10% and is speculated to witness notable expansion over 2022-2028. Mounting demand for automation as well as robotics in smart factories is foreseen to bolster the growth of the segment through the study timeframe.

Request for customization @ https://www.decresearch.com//roc/5227

From the regional standpoint, the Latin America microprocessor market is estimated to grow at a CAGR of more than 2.5% over the forecast period. High penetration of data centers that are integrating high-performance computing devices as well as server equipment is anticipated to be a key contributor to regional market growth in the future.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Impact of COVID-19, by region

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Microprocessor market 3600 synopsis, 2017 - 2028

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Technology trends

2.1.4    Application trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/microprocessor-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...