Microprocessor Market Analysis

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.