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Multi-Core Processors Market Insights
The Multi-Core Processors Market value is likely to climb up pervasively. The continually growing smartphone production will drive the market growth, increasing the multi-core processor’s utilization. According to Market Research Future (MRFR), the global multi-core processors market will escalate from USD 25.8 BN in 2022 to USD 79.37 BN by 2032, growing at a 13.30% CAGR throughout the forecast period (2023-2032).
Multi-core processing is used in most electronic devices, but its application in mobile phones provides huge market traction. However, the growing demand for smartphones has increased the use of multi-core processors in mobile applications. Advancements in multi-core processing technology are enabling its use for widespread applications. Also, the rapid growth in the automotive industry boosts the multi-core processors market revenues.
Growing applications of multi-core processors in several other sectors, such as consumer electronics, infrastructure, automotive navigation, and imaging systems, provide extensive impetus to the multi-core processors market growth. Major drivers of the multi-core processors market include high consumer electronics usage, growing automotive sector demand, and growing technology.
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Major Players
Leading multi-core processors market players are
Multi-Core Processors Market – Segments
The market report is segmented into types, end-users, and regions. The type segment is sub-segmented into dual-core, quad-core, octa-core, and hexa-core processors. The end-user segment is sub-segmented into consumer electronics, automotive, telecommunication, healthcare, energy, and others. By region, the multi core processor market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Multi-Core Processors Market – Regional Analysis
North America dominates the global multi-core processors market. The presence of numerous well-established vendors and the growing number of trained software development professionals for multi-core processors drive the market growth. The US is the largest, while Canada is North America’s fastest-growing market for multi-core processors.
Europe is another lucrative market for multi-core processors. The rising penetration of smartphones, laptops, mobile devices, desktops, and tablets in the region substantiates the multi-core processors market revenues. Germany holds the largest, while the UK holds the second-largest multi-core processors market share in Europe.
The APAC multi-core processors market is expected to grow at the fastest CAGR. Increasing digitization, growing penetration of high-tech gadgets, and advances in automotive electronics escalate the multi-core processors market value. China is the largest, while India is the second-largest market for multi-core processors.
Global Multi-Core Processors Market – Competitive Analysis
Characterized by the presence of several well-established players, the global multi-core processors market appears highly competitive. Well-established players incorporate strategies like acquisition, collaboration, partnership, expansion, and technology launch to gain a competitive advantage. Other strategies adopted by multi-core processor vendors include greater commercialization of their products, promotion initiatives through trade exhibitions, and increased collaboration.
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Industry/ Innovation/ Related News:
Sep. 07, 2023 – Andes Technology, a leading global supplier of high-efficiency, low-power processor cores, announced the availability of the high-performance AndesCore AX45MPV multicore vector processor IP. The third generation of the AndesCore vector processor series, the AX45MPV, is equipped with powerful RISC-V vector processing and parallel execution capability. It is designed for applications with large volumes of data like ADAS, AI inference & training, AR/VR, multimedia, robotics, and signal processing.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
