Published: Jul, 2018
The tremendous demand for next-generation processors across the globe has led to the emergence of several new vendors in the global market. These market players are trying their fortunes on the pretext of earning rewards through the growth of the electronics industry. However, it is difficult to challenge the strong position of the leading vendors in the global next-generation processors market, and the newbies are at a risk of toppling down.
The leading market players including Acer Group, Intel Corporation, and VIA Technologies, Inc, have risen to prominence in the global market for next-generator processors over the previous decade. The strong position of these vendors is vindicated by the enhanced performance of their processors, and these players are on the lookout for further improving their product offerings. These vendors are also expected to tap into the market of emerging economies such as India, China, and Japan.
Transparency Market Research finds that the global market for next generation processors would expand at an astral CAGR of 17.6% over the period between 2016 and 2024. Furthermore, the global market is expected to touch a value of US$165.27 bn by 2024, escalating up from a value of US$41.41 bn in 2015. The market in North America is expected to accumulate the highest revenues amongst all other regional pockets over the forthcoming years. By end-use, consumer electronics are projected to attract the highest demand within the global next-generation processors market.
Growth of Internet of Things (IoT) Technologies to Bolster Demand
Several factors including the popularity of smart phones, intelligent buildings, and automated systems has led to the growth of the global market for next-generation processors. Furthermore, the tremendous advancements in the domain of internet of things (IoT) has also contributed to the growth of the global next-generation processors market. Besides this, the automotive industry has been steadfast in adopting smart electronics while manufacturing cars and other vehicles. Another key propeller of demand is the use of next-generation processors in ventilation systems, air cooling systems, and heaters.
The growth of gaming apps and smart TVs coupled with the efforts of the electronics industry to promote next-generation processors has also led to the growth of the global market. Lastly, the heavy reliance of the masses on electronics in every sphere of work shal prove to be a lauch pad for market growth in the years to come.
Soaring Crude Material Prices to Hamper Market Growth
The crude material used for the manufacture of several types of next-generation processors incurs heavy expenses, and this is expected to hamper the growth of the global next generation processors market. Furthermore, the market players have not yet attained their optimal potential in the manufacturing and sale of next-generation processors. However, the extensive use of internet of things (IoT) technologies, electronic gadgets, and smart devices is expected to give an impetus to the growth of the global next-generation processors market.
The review is based on TMR’s 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 along the following lines:
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
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453