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Rising Demand For Smartphones Amplifies The Need For Multi-Core Processors: Powering Innovation and Expansion in the Multi-Core Processor Market by 2025
Multi-Core Processor Market
What Is the Expected CAGR for the Multi-Core Processor Market Through 2025?
In the past few years, the market size for multi-core processors has seen substantial growth. Rising from $103.51 billion in 2024, it's projected to hit $118.18 billion in 2025, following a compound annual growth rate (CAGR) of 14.2%. This unprecedented growth in the historic period can be traced back to factors like energy efficiency, the gaming industry, environmental factors, medical imaging, and cost efficiency.
What's the Projected Size of the Global Multi-Core Processor Market by 2029?
Anticipated to witness a swift expansion in the upcoming years, the multi-core processor market is projected to soar to $219.92 billion by 2029, with a compound annual growth rate (CAGR) of 16.8%. The expected growth in the forecast period can be attributed to factors such as increasing performance demands, server performance, cybersecurity needs, mobile device proliferation, and renewable resources utilization. Key trends during this forecast period encompass cloud computing, server performance augmentation, artificial intelligence, 5g technology, and data analytics.
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Top Growth Drivers in the Multi-Core Processor Industry: What's Accelerating the Market?
The anticipated surge in smartphone demand is projected to stimulate the expansion of the multi-core processor market. A smartphone is a hand-held electronic device providing access to both a cellular network and the internet. Multi-core processor-equipped smartphones are advantageous in managing and processing tasks, and can simultaneously handle more numerous and complex apps. For instance, a Uswitch Limited report released in February 2023 stated that there were 71.8 million active mobile connections in 2022, a 3.8% increase from 2021. By 2025, the UK is expected to house 68.3 million people, with 95% anticipated to possess smartphones. As such, the rising need for smartphones is propelling the advancement of the multi-core processor market.
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What Trends Will Shape the Multi-Core Processor Market Through 2029 and Beyond?
The emergence of product innovations is a principal trend attracting attention in the multi-core processor market. Major players in this market are creating innovative technologies such as digital signal processors, that facilitate real-time processing of signals. A digital signal processor (DSP) is a unique type of microprocessor created to process and manage digital signals effectively in real-time. These processors are commonly used in fields like audio processing, telecommunications, and image processing. In a specific instance, in July 2023, Asahi Kasei Microdevices, an electronic application equipment manufacturer from Japan, introduced the AK7709VQ multicore digital signal processor (DSP). Its processing power of 7,000 MIPS (Millions of Instructions per Second) and 2.75 MB of built-in memory enables the AK7709VQ to deliver real-time high-res audio processing for multi-channel speaker arrays, providing an immersive and highly detailed music playback experience in a noise-free environment. Further, its two inbuilt HiFi 4 DSP cores can work with various third-party software. The unique features of the AK7709Q, like its high sample rate multi-microphone voice processing, facilitate hands-free communication and vehicle interactions.
What Are the Main Segments in the 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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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the Multi-Core Processor Market Through 2029?
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.
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