The fast-growing market for electronic goods in India and China is boosting market growth. The Multi-Core Processors market in the U.S. is estimated at US$11.5 Billion in the year 2022
Amid the COVID-19 crisis, the global market for multi-core processors was estimated at US$44.2 Billion in the year 2022. It is projected to reach a revised size of US$76.5 Billion by 2026, growing at a CAGR of 13.3 per cent over the analysis period. Octa Core Processors, as per a is projected to grow at a 14.6 per cent CAGR to reach US$49 Billion by the end of the analysis period.
“After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hexa Core Processors segment is readjusted to a revised 12.5 per cent CAGR for the next 7-year period. This segment currently accounts for a 26.8 per cent share of the global Multi-Core Processors market. Growth in Octa Core segment is attributed to high adoption in smartphones to perform tasks such as handling high-resolution videos and graphic heavy games without draining the battery,” read the report.
It continued, “Adoption of the Octa core processors by tablet and computer manufacturers such as Xiaomi, Qualcomm and Samsung and use in laptops and smartphones is boosting the market further. Hexa-core processor refers to a chip featuring 6 independent cores. Hexa-core processors have found use in mainstream computers. Hexa-core processors are considered ideal for consumers, business PC users, PC gamers, who are looking for higher power in their computing devices.”
The Multi-Core Processors market in the U.S. is estimated at US$11.5 Billion in the year 2022. The country currently accounts for a 26.6 per cent share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$18.5 Billion in the year 2026 trailing a CAGR of 19 per cent through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9 per cebr and 12.3 per cent respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.1 per cent CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the end of the analysis period. Developing economies such as South Korea, India and China are key contributors to the growth of this market. This is due to the presence of large manufacturers of consumer electronics products.
The fast-growing market for electronic goods in India and China is boosting market growth further. Rapid infrastructure development and industrialization along with growing urbanization and increase in spend on consumer electronic goods such as computers, tablets and smartphones along with the growing semiconductor industry in India and China are all propelling growth of this market.
