The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on MultiCore Processors Market. The growth sectors of the MultiCore Processors Market are identified with precision for a better growth perspective.
The escalating electronic content in the automotive sector is projected to bolster the multi-core processors market in 2020. The chipset and processors industry reports are produced by Market Research Future, which highlights market options for expansion. An income of USD 110.8 billion is forecasted for the global market at a CAGR of 17.7% by the end of the forecast period.
The requirement for improved packet processing in telecom equipment is predicted to change the multi-core processors market in the coming period. The demand for multi-core processors in the smartphone industry is anticipated to push the multi-core processors market in the forecast period. The demand for energy efficiency in devices is projected to drive the expansion of the multi-core processor’s market share.
The segmental analysis of the multi-core processors market has been segmented on the basis of end-user, type, and region. Based on the types, the multi-core processors market has been segmented into quad-core processors, octa-core processors, dual-core processors, and Hexa-core processors. On the basis of end-users, the multi-core processors market has been segmented into automotive, consumer electronics, telecommunications, energy, healthcare, and others. Based on the regions, the multi-core processors market has been segmented into Europe, Asia-Pacific, the Middle East, North America, Africa, and South America.
Detailed Regional Analysis
The regional review of the multi-core processors market includes regions such as Europe, Asia-Pacific, the Middle East, North America, Africa, and South America. The North American regional market is projected to govern the multi-core processors market in the forecast period owing to the incidence of several international players and the initial adoption of innovative technologies. The Asia-Pacific regional market is projected to be at the next position and develop at an earlier rate throughout the forecast period owing to the incidence of the telecommunication industry, smartphone manufacturing firms, and substantial consumer electronics market. The companies in the region are projected to compel the multi-core processors market for the duration of the forecast period. The European regional market is anticipated to be in the third position owing to the increasing automotive market and the healthcare industry. The regional market in the Middle East, Africa, and South America are projected to develop at a constant rate all through the forecast period.
The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the coming years. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully. The growth restraints of the market are anticipated to be momentous and will need to be neutralized to unlock favorable development in the market.
The eminent players in the multi-core processors market are Qualcomm Technologies, Inc. (US), Texas Instruments (US), Nvidia Corporation (US), ARM Holdings, PLC (UK), Spreadtrum Communications (China), NXP Semiconductors (Netherlands), Advanced Micro Devices, Inc. (US), Samsung (South Korea), Xiaomi Corporation (China), Apple Inc. (US), MediaTek Inc. (Taiwan), Intel Corporation (US), Broadcom Corporation (US), and Marvell (Bermuda), to name a few.
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