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Multi-Core Processor Market Trends, Top Companies, Share, Growth And Forecast 2033
Multi-Core Processor Market Trends
According to The Business Research Company's, The multi-core processor market size has grown rapidly in recent years. It will grow from $91.47 billion in 2023 to $105.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to energy efficiency, gaming industry, environmental concerns, medical imaging, cost efficiency.
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Market Drivers and Trends:
The rising demand for multi core processors in the automotive industry is expected to propel the growth of the multi-core processor market going forward. The automotive industry, referred to as the auto industry or car industry, is a broad sector of the economy that encompasses the design, development, manufacturing, marketing, and sale of motor vehicles. Multi-core processors are used to manage the in-car networking and communication systems. These processors facilitate the exchange of data between various vehicle components, enabling functionalities such as diagnostics, over-the-air updates, and inter-system communication. For instance, in 2021, according to, The European Automobile Manufacturers Association, Global automotive production was 79.1 million, a 1.3% increase over 2020. Therefore, the rising demand for multi core processors in the automotive industry will drive the multi core processors market.
Major companies operating in the multi-core processor market are developing innovative solutions such as 14th Generation desktop processors to enhance product offerings. For instance, in October 2023, Intel, a US-based manufacturer of microprocessors, launched the new Intel Core 14th Generation desktop processor family, led by the Intel Core i9-14900K. This latest-generation desktop processor family includes six new unlocked desktop processors at launch, delivering up to 24 cores and 32 threads and up to 6 GHz of frequency right out of the box. Additionally, Intel's Extreme Tuning Utility (XTU) now features the new AI Assist feature, bringing one-click multi-AI-guided overclocking to select unlocked Intel Core 14th Gen desktop processors1.
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Major Key Players of the Market:
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.
Multi-Core Processor Market 2024 Key Insights:
• The multi-core processor market size is expected to grow to $191.46 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%.
• Auto Industry's Increasing Reliance On Multi-Core Processors Catalyzes Market Growth
• Innovative Product Offerings In The Multi-Core Processor Market A Closer Look At Intel's 10Th Gen Core X-Series
• North America was the largest region in the multi-core processor market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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