Microprocessor Market Size By Technology (Complex Instruction Set Computer (CISC), Reduced Instruction Set Computer (RISC), Application-specific Integrated Circuit (ASIC)), Superscalar, Digital Signal Processor (DSP)), By Application & Forecast, 2023 - 2032

Microprocessor Market Size

Microprocessor Market size surpassed USD 70 billion in 2022 and is expected to register 6.5% CAGR during 2023 to 2032, driven by rapidly increasing adoption of portable medical devices globally.
 

Microprocessors are fueling swift technological advancements in the field of healthcare, leading to the creation of more compact, accurate and portable medical devices, including blood glucose monitors, heart rate monitors, and blood pressure monitors. These devices are relatively user-friendly and offer many features such as high precision, intelligent alarms, multi-input feedback control, and automatic calibration, which fosters their industry demand. With increasing cases of chronic ailments and medical conditions worldwide, healthcare facilities are adopting these devices on large scale to more effectively monitor and manage patient health.
 

Surging production and raw material prices may hamper industry growth

Growing shortage of semiconductor chips across the globe has led to a sharp rise in microprocessor prices over the past couple of years, which might severely obstruct the microprocessor market outlook. The supply chain issues created by the COVID-19 pandemic are responsible for this as they have caused production and raw material prices to skyrocket. In July 2022, American chipmaker, Intel, stated that it plans on raising the prices of many of its peripheral chip products and CPUs by 10%-20%.
 

Microprocessor Market Analysis

The CISC microprocessor market is projected to observe 6.5% growth from 2023 to 2032, fueled by the rising usage of this technology in gaming hardware. Gaming has become a widely adopted hobby due to the COVID-19 pandemic as many took it up as a form of entertainment during lockdowns. Elevated popularity of this pastime has augmented the espousal of gaming hardware such as PCs, consoles, and VR/AR headsets. These microprocessors are also more affordable and boast of benefits such as low power consumption and low memory storage requirements in comparison to other processors, favoring their acceptance.
 

The consumer electronics & home appliances application accounted for 40% of the market share in 2022. Increasing incorporation of microprocessors inside consumer electronics devices, including tablets, wearable electronics, smartphones and laptops is likely to drive segment revenues. Growing proliferation of IoT and smart home technologies in home appliances, such as smart fridges, vacuum cleaners, and door locks will simulate sector overview.
 

Asia Pacific microprocessor market is slated to observe 5% growth between 2023 and 2032. The region houses some of the world’s leading players, including TSMC, SK Hynix, Samsung, and MediaTek. The region accounted for 45% of the overall revenue share in 2021, driven by increasing investments towards the expansion of their regional production capabilities. These foundries are focusing on the mass production of chipsets and semiconductor wafers that are used for producing microprocessors. Such capacity expansion initiatives are likely to unlock novel growth opportunities for chipmakers in APAC.
 

Microprocessor Market Share

Some of the major companies operating in the microprocessor industry are

• Broadcom AG
• Advanced Micro Devices Inc. (AMD)
• Qualcomm
• Samsung Group
• Intel Corporation, along with Western Design Centre
• Texas Instruments Incorporated
• STMicroelectronics
• Seiko Epson Corporation
• Renesas Electronics Corporation
• NXP Semiconductors
• Microchip Technology Inc.
• Marvell
• Arm Limited
• Analog Devices, Inc.
   

Many microprocessor market players are focusing on frequent product launches and innovations to cater to evolving demand for better technological capabilities across application avenues. For instance, in September 2022, American tech giant, Intel Corp., launched the 13^th Gen Intel Core processor family. The new portfolio consists of six novel processors for PCs featuring clock speeds of up to 5.8 Ghz. The processors are ideal for streaming and gaming purposes.
 

Impact of COVID-19 Pandemic

Acute supply chain disruptions caused by the COVID-19 pandemic and global lockdowns severely disrupted the industry. Although demand in the market was high, companies were struggling to acquire supplies and open manufacturing facilities, which subsequently led to a sharp rise in the cost of raw materials and chip production. However, the supply shortage also helped many governments realize that they need to strengthen their domestic capacities and reduce their reliance on foreign shipments.
 

In August 2022, U.S. President Joe Biden unveiled the CHIPS Act, under which the government would invest more than $50 billion over a period of five years to scale up the country’s domestic chip production capacities.
 

This market research report on microprocessor includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

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Market, By Technology

• Complex Instruction Set Computer (CISC)
• Reduced Instruction Set Computer (RISC)
• Application-specific Integrated Circuit (ASIC)
• Superscalar
• Digital Signal Processor (DSP)

Market, By Application

• Automotive & Transportation
• Consumer Electronics & Home Appliances
• Industrial
• Industrial, Medical & Healthcare
• Aerospace & Defense
• IT & Telecom
• Others

Market, By Region

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa