Global Next Generation Processor Market: Rising Demand for Consumer Electronics to Aid Growth

The presence of a large number of players has rendered the vendor landscape of the global next generation processor market highly fragmented. Companies such as Qualcomm, Intel, and Advanced Micro Devices currently enjoy a stronghold in the overall market. These companies are shifting focus towards emerging nations in order to capitalize on opportunities prevalent therein, finds Transparency Market Research (TMR) in a new study. In countries like Japan, where technological developments happen fast thus creating lucrative prospects for the market players. Besides this, collaborations with other prominent enterprises have helped them expand their global footprint and product portfolio.

According to TMR, the global next generation processor market is expected to reach US$165.27 bn by the end of 2024, from a valuation of US$41.41 bn in 2015. If the figures hold true, the global next generation processor market will report a CAGR of 17.61% between 2016 and 2024.

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.

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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.

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.

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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.

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