Press release
Multi-Core Processor Market 2024 - By Size, Share, Growth, Analysis, Trends And Forecast To 2033
Multi-Core Processor Market
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 growth in the forecast period can be attributed to performance demands, server performance, cybersecurity, mobile devices, renewable resources. Major trends in the forecast period include cloud computing, server performance, artificial intelligence, 5g technology, data analytics.
Market Overview -
A multicore processor is an integrated circuit that has two or more processor cores attached that enable users to execute their core processes quickly. It is used to increase the performance of a system that is running concurrent applications and reduce power consumption.
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Rising Demand For Smartphones Amplifies The Need For Multi-Core Processors
The increase in demand for smartphones is expected to propel the growth of the multi-core processor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones with multi-core processors are helpful for handling and executing tasks and can perform more and heavier apps simultaneously. For instance, in April 2021, according to a report by the Pew Research Center, 6 in 10 Americans own a smartphone (64%), and 2 in 10 Americans now access the Internet primarily through their mobile devices. The report also states that 17% of American smartphone owners have used their phone to report a community problem in their neighborhood (such as a pothole or missing street sign) to the local authorities. Therefore, an increase in demand for smartphones is driving the growth of the multi-core processor market.
Competitive Landscape -
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.
Innovative Product Offerings In The Multi-Core Processor Market A Closer Look At Intel's 10Th Gen Core X-Series
Product innovations have emerged as a key trend gaining popularity in the multi-core processor market. Major market players are concentrating their efforts on creating innovative products for multicore processors to meet consumer demand. For instance, in February 2021, Intel, a US-based manufacturer of microprocessors, introduced the Intel Core X-Series of desktop processors, which is the 10th generation of Intel Core CPUs. The product has a maximum boosted clock speed of 4.8GHz, with the core count climbing as high as 18 and the thread count reaching 3. The product also supports 256GB of DDR4-2933 RAM and updated Intel turbo boost max technology.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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