Press release
Leading Element Driving Change in the Multi-Core Processor Market in 2025: Rising Demand For Smartphones Amplifies The Need For Multi-Core Processors Driver
Multi-Core Processor Market
The rise in the need for smartphones is projected to fuel the expansion of the multi-core processor market in the future. A smartphone is a portable electronic device that provides access to a cellular network and the internet. Multi-core processors in smartphones are beneficial for task management and execution, allowing for the simultaneous operation of more and bulkier apps. For example, a report released by Uswitch Limited, a UK-based online and telephone comparison, and switching service, in February 2023 suggested that there were 71.8 million active mobile connections in 2022, a rise of 3.8% from 2021. By 2025, the UK's population is set to reach 68.3 million, 95% of whom are expected to own smartphones. Hence, the growing demand for smartphones is contributing to the surge in the multi-core processor market.
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How will the growth rate of the multi-core processor market shape industry trends by 2034?
The size of the multi-core processor market has undergone a swift expansion in the past years. The forecast predicts the market value to surge from $103.51 billion in 2024 to an impressive $118.18 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. Factors such as energy efficiency, the gaming industry, environmental issues, medical imaging, and cost efficiency have contributed significantly to the growth witnessed in the historic period.
In the coming years, the multi-core processor market is anticipated to experience accelerated expansion. The market size is projected to reach $219.92 billion in 2029, with a compound annual growth rate (CAGR) of 16.8%. The rising demands in performance, server performance enhancements, cybersecurity measures, mobile device use, and renewable resources have contributed to this expected growth during the forecasted period. Major trends to note during this period encompass cloud computing, enhanced server performance, advancements in artificial intelligence, deployment of 5g technologies, and data analytics.
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What trends are poised to drive the future success of the multi-core processor market?
Trend1. In the multi-core processor market, product innovations have risen to prominence as a significant trend. Major market players are paving the way for technological developments such as digital signal processors, which facilitate real-time signal processing. A digital signal processor (DSP) is a unique type of microprocessor crafted to execute and manage digital signals in real-time, commonly employed in areas like audio processing, telecommunications, and image processing. To exemplify, Asahi Kasei Microdevices, a Japan-based electronic application equipment manufacturer, launched in July 2023 its multicore digital signal processor (DSP), the AK7709VQ. Able to process 7,000 MIPS (Millions of Instructions per Second) and possessing 2.75 MB of integrated memory, the AK7709VQ offers real-time fine-quality audio processing for multi-channel speaker arrangements, providing a tranquil cabin environment fitted with immersive and hyper-detailed music playback. It also houses two integrated HiFi 4 DSP cores that can operate with various third-party software. Unique aspects of the AK7709Q, including high sample rate multi-microphone voice processing, facilitate hands-free communications and in-vehicle interactions.
Which primary segments of the multi-core processor market are driving growth and industry transformations?
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 geographical regions are pioneering growth 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.
Who are the influential players reshaping the multi-core processor market landscape?
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.
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What Is Covered In The Multi-Core Processor Global Market Report?
•Market Size Forecast: Examine the multi-core processor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the multi-core processor market for a structured understanding.
•Key Players Overview: Analyze major players in the multi-core processor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the multi-core processor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the multi-core processor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the multi-core processor market.
•Industry Challenges: Identify potential risks and obstacles affecting the multi-core processor market.
•Competitive Landscape: Review strategic developments in the multi-core processor market, including expansions, agreements, and new product launches."
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