Published: Mar, 2018
The global next-generation processors market has been prognosticated in a report by Transparency Market Research (TMR) to testify the rise of upgrades on the part of previous products of companies to find a strong position for them in different areas of the industry. Leading companies such as Acer Group, VIA Technologies, Inc., and Intel Corporation could flaunt the advancement of their processors propelled by high performance. During the course of the forecast period 2016-2024, companies have been predicted to focus on Japan and other emerging economies to tap into new income streams. Companies could also look to explore high-performing registering applications with the dispatch of the most recent generation of chips.
TMR has foreseen the global next-generation processors market to expand at a 17.6% CAGR to be valued at a US$165.27 bn by the final forecast year. In terms of end use, the market could witness the dominance of consumer electronics until the end of the forecast tenure. By region, North America has been projected to set the tone for a valuable growth in the market all through the forecast period.
Rising Adoption of Smart Electronics Promises Growth
The world next-generation processors market has been prophesied to bank on the staggeringly increasing adoption of smart electronics in the car manufacturing industry. The growth of the market could also be improved with the rising usage of next-generation processors in heating, ventilating, and air cooling (HVAC) frameworks. The need for next-generation processors has been envisaged to be increased on the back of rising interest in smart TVs, advanced cameras, smartphones, and other tech-savvy electronics. It could also be fueled with escalating usage of high-performance non-gaming and gaming applications.
High Cost of Crude Materials Dents Rise in Demand
The development of the international next-generation processors market has been foretold to be deterred with the rise of certain product reconciliation requirements. Expensive cost of crude materials engaged for creating a number of next-generation processors could also hinder the market from attaining its highest potential in the coming years. However, companies have been envisioned to rely on steady and innovative projects to counter such challenges in the market. Dealers and producers could find lucrative roads being created with the increase in system administration sources, stockpiling, and internet of things (IoT) gadgets.
There could be more opportunities opened up in the international next-generation processors market as self-driving automobile innovations gather steam in developed as well as emerging regions.
The information presented in this review is based on a TMR report, titled “Next-generation Processors Market (End User - Consumer Electronics, Information and Communication Technology, Automotive, and Manufacturing; Machine - Handheld and Computers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The global next-generation processors market has been segmented as presented below:
Global Next-generation Processors Market by End User
- Consumer Electronics
- Information and Communication Technology
Global Next-generation Processors Market by Machine
Global Next-generation Processors Market by Region
- North America
- 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
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