The global market for multi-core processors was valued at USD 35.4 billion in 2018; it is expected to reach USD 76.5 billion by the end of the forecast period at a CAGR of 13.3%
A multiple-core processor is a single IC that consists of multiple core processing units commonly known as cores. Multi-core processors offer the same performance as a single faster processor at a lower power dissipation at a lower clock frequency. Multi-core technology helps in dealing with challenging tasks and applications such as video editing, 3D gaming, and encoding. Multi-core processors are mainly used in consumer electronics, automotive, and healthcare sectors. Dual core, quad core, hexa core, and octa core are the types of multi-core processors.
Increasing demand for multi-core processors in the smartphone industry and increasing utilization of multi-core processors in the automotive industry are expected to drive the multi-core processors market during the forecast period. However, the short life cycle of consumer electronic products is expected to restrain the market during the forecast period.
The global multi-core processors market has been segmented based on type, end user, and region.
By type, the multi-core processors market has been segmented into dual-core processors, quad-core processors, octa-core processors, and hexa-core processors.
By end user, the multi-core processors market has been segmented into consumer electronics, automotive, telecommunications, healthcare, energy, and others.
By region, the multi-core processors market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa and South America.
Globally, the multi-core processors market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to dominate the multi-core processors market during forecast period due to the presence of several global players such as Intel Corporation and Qualcomm Technologies, Inc. the early adoption of new technologies.
Asia-Pacific is expected to be at the second position and grow at a faster rate during the forecast period due to presence of the telecommunication industry, smartphone manufacturing companies, and large consumer electronics market. MediaTek Inc., Samsung , Xiaomi Corporation, and Spreadtrum Communications are expected to drive the multi-core processors market during the forecast period.
The European market is expected to be in the third position due to the growing automotive market and healthcare industry. The market in the Middle East & Africa and South America is expected to grow at a stable rate during the forecast period.
Source: MRFR Analysis
The global multi-core processors market consists of various global, regional, and local service providers who are continuously evolving to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the of the global economic scenario combined with technological advancements in the emerging economies such as India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time to expand the multi-core processors market geographically and increase the market share.
Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.
The key players in the multi-core processors market are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Apple Inc. (US), MediaTek Inc. (Taiwan), Samsung (South Korea), Xiaomi Corporation (China), Spreadtrum Communications (China), NXP Semiconductors (Netherlands), Texas Instruments (US), Nvidia Corporation (US), Advanced Micro Devices, Inc. (US), ARM Holdings, PLC (UK), Broadcom Corporation (US), and Marvell (Bermuda).
|Market Size||USD 76.5 billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Type, by End User and by Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Intel Corporation (US), Qualcomm Technologies Inc. (US), Apple Inc. (US), MediaTek Inc. (Taiwan), Samsung (South Korea), Xiaomi Corporation (China), Spreadtrum Communications (China), NXP Semiconductors (Netherlands), Texas Instruments (US), Nvidia Corporation (US), Advanced Micro Devices Inc. (US), ARM Holdings, PLC (UK), Broadcom Corporation (US), and Marvell (Bermuda).|
|Key Market Opportunities||Increasing demand for multi-core processors in the smartphone industry is expected to drive during the forecast period.|
|Key Market Drivers||
A multiple-core processor refers to a single IC, which comprises several core processing units that are generally called cores.
Mounting demand for multi-core processors within the smartphone industry along with the rising use of multi-core processors in the automotive industry benefits the global market to a great extent.
Energy, automotive, consumer electronics, healthcare, telecommunications, are the main end-users in the global market.
Europe, Asia Pacific, the Middle East & Africa, South America and North America are the significant regions that can note market growth in the coming years.
Players are striving to solidify their presence all over the world, backed by mergers and acquisitions of regional companies, which also induces market growth.