Market Size of Americas MPU Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.02 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Americas MPU Market Analysis
The Americas Microprocessor (MPU) Market was valued at USD 13.42 million last year. It is expected to record a CAGR of 7.02%, reaching USD 20.33 billion in the next five years.
- A microprocessor is a microcomputer's controlling unit. It is created on a chip, capable of achieving Arithmetic Logic Unit (ALU) operations and communicating with other linked devices. A microprocessor contains a control unit, a register array, and an ALU. The ALU executes arithmetic and logical operations; the control unit oversees data flow and instructions through the computer, and the register array stores accumulators and data. The microprocessor accomplishes tasks such as "fetch," "decode," and "execute" in the provided sequence.
- Due to the growing usage of cloud-based applications and data centers, advancements in artificial intelligence and machine learning technologies, and the need for home appliances, there is a growth in the demand for MPU in the region. In addition, there is also a rising need for AR and VR apps and devices, digital cameras, and gaming consoles, which is driving the market.
- Moreover, MPUs are widely used in the automotive industry, as they play an essential part in the working of automobiles. According to GoodCarBadCar.net, in Q4 2022, Ford was the leading North American car brand in quarterly sales. Ford Motor sold around 459,200 Ford-badged vehicles in Q4 2022, followed by Chevrolet with about 415,000 vehicles.
- While several advanced applications are increasingly demanding MPUs, the drastic fall in the usage of and market for PCs act as a major restraint for the MPU market growth. Besides, the COVID-19 pandemic has influenced the global microprocessor industry. Due to a shortage of raw material, the entire supply chain was disrupted in Q1 2020. However, things returned to normal, and the rapid growth of various end-user industries are currently augmenting the market growth.
