Global Next Generation Processor Market: Snapshot
The demand for next generation processors is primarily driven by their extensive use in smartphones, automated systems, intelligent buildings, intelligent cars, and other applications. Industries are seeking energy-efficient ways of mega-tasking without generating much heat. The aim being addressing the consumer demand for automation. While these factors will bolster the deployment of next generation processors, the market is also expected to gain from the proliferation of the Internet-of-things (IoT). Besides this, next generation processors are also deployed in heating, ventilating, and air conditioning (HVAC) systems.
In addition, the rising demand from the consumer electronics segment is expected to be a chief market driver. Therefore in response to the proliferation of smart televisions and smartphones, growth witnessed in the global next generation processor market will stimulate. On the downside, the high cost of raw materials will hinder its trajectory to an extent. Existing issues of software integration will also create troubles for the market. Nevertheless, with the increasing research and development activities, these concerns are soon likely to get mitigated thus bolstering growth opportunities.
Transparency Market Research (TMR), forecasts the global next generation processor market to exhibit a CAGR of 17.6% between 2016 and 2024. At this pace, the market is expected to reach US$165.27 bn from a valuation of US$41.41 bn in 2015.
Despite North America’s Dominance, Market to Witness Lucrative Prospects in Asia Pacific
Regionally, Asia Pacific, Europe, North America, South America, and the Middle East and Africa constitute the key segments in the global next generation processor market. Among these regions, North America held the largest share in the overall market as it is considered a hub of intelligent building and automotive industries. While Europe will continue holding a considerable market share, it is in Asia Pacific that next generation processor vendors will witness impressive prospects. The rising demand witnessed in China and Japan will aid expansion of the next generation processor market in Asia Pacific. Additionally, the demand for automated cars is significantly high in these countries, which will bolster opportunities for the next generation processor market.
Demand for Automation in Consumer Electronics to Boost Growth
By end use, the global next generation processors market can be segmented into consumer electronics, information and communication technology, manufacturing, automotive, and others. Of these, the consumer electronics segment emerged dominant in the overall market. Due to the rising demand for smart technologies among consumers, the demand for next generation processors in the consumer electronics segment is forecast to increase. However, in terms of revenue, the manufacturing industry is expected to report growth at the highest rate during the forecast period. In a bid to reduce quality-related faults and encourage smart manufacturing the application of next generation processor is expected to increase in the industry.
In terms of volume, the automotive segment will hold significant market share owing to the increasing demand for intelligent cars rises that use sensors and automotive braking systems. Spurred by these factors, the global next generation processors market is likely to report robust growth.
Some of the leading players operating in the market are Intel Corporation (US), Advanced Micro Devices Inc. (U.S.), VIA Technologies Inc. (Taiwan), Fujitsu Ltd (Japan), and Acer Group (Taiwan) among others.
Next Generation Processors Market: Overview
Next Generation Processors are high end processors that are extensively used in smartphones, intelligent cars and intelligent buildings among others. These processors are extremely low heat generating and highly energy efficient. There is an increasing utilization of internet of things (IoT) owing to higher penetration of internet that augmenting the market for intelligent buildings to a larger extent. Application of next generation processors are widely utilized in HVAC (heating, ventilating and air conditioning) system and that finally enlarges the market for next generation processor.
The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that have also been covered under the scope of this report. All these factors helps in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of next generation processor market along with the overall assessment for the forecast period of 2016-2024 has been also been provided within this report.
Global Next Generation Processors Market: Drivers and Restraints
One of the important driving factors of this market is the growing market share of consumer electronics. Smartphones, smart televisions and various other smart electronic gadgets require these high-end processors and thus, stimulate growth prospect of this market. Technically advanced and highly industrialized nations such as Japan, Germany, the U.S.A, the U.K etc. have emphasized on smart manufacturing since the last decade thereby driving this market. Furthermore, growing automation of the automotive segment in these developed nations have been largely responsible for the increasing demand of next generation processors in these countries. Emphasis on smart manufacturing
However, high cost of raw materials is restraining the growth trajectory of this market. Next Generation Processors are mostly made of silicon, aluminum and rising prices of these components actually increase the cost of production of this product. Another major restraint of this market is that the market is highly fragmented and there is a number of large, medium and small sized firms in this market. Due to lower amount of concentration, initial set up cost of this market is too high to earn significant profit for small and medium sized firms. These restraint the growth prospect of this market as well. Furthermore, many softwares are not incompatible with these processors as they are very high-end, thereby hindering the growth of this market.
Global Next Generation Processors Market: Key Segments
The market for next generation processor is segmented on the basis of end user and the segments are consumer electronics, information and communication technology, automotive and manufacturing and others. The market for next generation processor is segmented on the basis of machine type such as handheld, computers and others. The market for next generation processor is segmented on the basis of geographical locations and the regional segments are North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. The market for next generation processor has been provided in (USD Billion) in terms of revenue and (Billion Units) in terms of volume as well as the CAGR for the forecast period of 2016 to 2024.
Global Next Generation Processors Market: Vendor Landscape
The key players in the next generation processor market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of next generation processor. Further, the report includes the market attractiveness analysis of and insight into the major application area of the next generation processor.
Some of the leading players operating in the market are Intel Corporation (US), Advanced Micro Devices Inc. (the U.S), VIA Technologies Inc. (Taiwan), Fujitsu Ltd (Japan), Acer Group (Taiwan) among others.
The global next generation processors device market has been segmented into:
Global Next Generation Processor Market by End Users
- Consumer Electronics
- Information and Communication Technology
Global Next Generation Processor Market by Machine Type
Global Next Generation Processor Market by Region
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America