What Has Been The Evolution of the Multi-Core Processor Market in Recent Years?
The multi-core processor market has seen considerable growth due to a variety of factors.
• The market size for multi-core processors has seen a swift expansion in the last few years. The sector, which was valued at $103.51 billion in 2024, is projected to surge to $118.18 billion in 2025, yielding a compound annual growth rate (CAGR) of 14.2%.
The growth witnessed in the historic period can be traced back to factors such as energy efficiency, the gaming industry, environmental considerations, medical imaging, and cost efficiency.
What Is the Forecasted Market Size and Growth Rate for The Multi-Core Processor Market?
The multi-core processor market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of the multi-core processor is anticipated to experience swift expansion. The market is forecasted to escalate to $219.92 billion by 2029, with a compound annual growth rate (CAGR) of 16.8%.
This predicted growth for the period can be credited to factors like the demand for performance, server efficiency, cybersecurity, portable devices, and renewable resources. Key trends that are expected to influence the market during the forecast period are cloud computing, server performance, artificial intelligence, 5g technology, and data analytics.
Which Factors Are Boosting Growth In The Multi-Core Processor Market?
The multi-core processor market is expected to expand due to the rising demand for smartphones. Smartphones, which are handheld electronic devices offering access to cellular networks and the internet, benefit from multi-core processors. The processors ensure smoother running and execution of tasks, enabling the use of numerous heavier applications simultaneously. As per a February 2023 report by Uswitch Limited, a company offering online and telephone comparison and switching services in the UK, mobile connections increased by 3.8% in 2022 to reach 71.8 million. The report further predicts that by 2025, 95% of the estimated 68.3 million UK residents will own smartphones. Consequently, this augmented demand for smartphones is expected to foster the growth of the multi-core processor market.
What Key Areas Define The Segmentation Of The Global Multi-Core Processor Market?
The multi-core processor market covered in this report is segmented –
1) By Type: Octa Core Processors, Hexa Core Processors, Quad Core Processors, Dual Core Processors
2) By Application: Computer, Smart Mobile Device, Other Applications
3) By End-User: Consumer Electronics, Automotive, Telecommunications, Energy, Healthcare, Other End-Users
Subsegments:
1) By Octa Core Processors: High-Performance Octa Core Processors, Energy-Efficient Octa Core Processors, Integrated Graphics Octa Core Processors
2) By Hexa Core Processors: High-Performance Hexa Core Processors, Energy-Efficient Hexa Core Processors, Integrated Graphics Hexa Core Processors
3) By Quad Core Processors: Standard Quad Core Processors, High-Performance Quad Core Processors, Low-Power Quad Core Processors
4) By Dual Core Processors: Standard Dual Core Processors, Low-Power Dual Core Processors, Embedded Dual Core Processors
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How Are Emerging Trends Reshaping The Dynamics Of The Multi-Core Processor Market?
The continuously growing trend of product innovation is reshaping the field of the multi-core processor market. Key players in this sector are leaning towards technological enhancements like digital signal processors to facilitate real-time signal processing. Digital signal processors (DSP) are microprocessors specialized to effectively handle and control digital signals in real-time, and they are often utilized in domains like audio processing, telecommunications, and image processing. For instance, Asahi Kasei Microdevices, a firm situated in Japan that manufactures electronic application equipment, introduced the AK7709VQ multicore digital signal processor (DSP) in July 2023. This particular processor, boasting a processing ability of 7,000 MIPS (Millions of Instructions per Second) and an integrated memory of 2.75 MB, provides real-time high-quality audio processing for multi-channel speaker arrays. This creates an immersive, serene cabin setting with detailed music output. Moreover, its dual incorporated HiFi 4 DSP cores are widely compatible with numerous third-party software. The unique features of the AK7709Q, such as its capability for high sample rate multi-microphone voice processing, make it possible to have hands-free conversation and interactions within a vehicle.
Who Are the Key Players in the Multi-Core Processor Market?
Major companies operating in the multi-core processor market include:
• Advanced Micro Devices Inc.
• Apple Inc.
• ARM Holdings plc
• Broadcom 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.
What Is The Most Dominant Region In The Multi-Core Processor Market?
North America was the largest region in the multi-core processor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-core processor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
