Market Trends of Americas MPU Industry
Growing Consumer Electronic Demand
- The region is also home and hub to many major organizations for manufacturing consumer electronics, such as Apple, Dell, Sony, HP, and many more. The market is predicted to develop due to increased usage of cloud-based applications, data centers, and advancements in artificial intelligence and machine learning technologies. In addition, the growing demand for Augmented Reality and Virtual Reality devices, as well as digital cameras and gaming consoles, is propelling the regional microprocessor products forward.
- As per a US Census Bureau and Consumer Technology Association report in January 2022, smartphone sales in the United States are anticipated to increase to USD 74.7 billion by the end of 2022 compared to USD 73 billion in 2021. With the growing adoption of smartphones in the market, the demand for microprocessors is also expected to increase in the market at the same speed.
- Also, as per Meltwater, a software company, as of the Q3 of 2022, internet users in Brazil spent 4 hours and 04 minutes everyday online through computers and tablets; of the total 9 hours and 32 minutes of daily online usage, the time spent on mobile phones was 2 hours and 5 hours and 28 minutes, representing around 57.3 percent of the total. As things are getting more digitized in the region, the need for such devices is anticipated to grow further, thereby driving the regional market growth.
- All major SoC and chip manufacturers, including Samsung, are making significant efforts to make their MPUs as small as possible. Smaller and more advanced consumer electronics devices require small microprocessors in order to be suitable for the electronics design. In line with this, Samsung developed a 3nm chip with improved performance. Also, in August 2022, the company announced to consider spending USD 10 billion to build an advanced logic chip manufacturing plant in Texas, US. The new facility will be capable of fabricating a 3nm chip, thereby aiming to acquire more American clients.
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United States to Hold the Largest Market Share
- The United States is among the world's top most advanced technology-driven and rapidly upgrading countries, comprising and hub and home to all the major players of technology-driven industries.
- The country is also the hub and home to many of the major players in the market, such as Micron, Qualcomm, Intel Corporation, Nividia, and many more. Thus any development in the market technology is likely to be getting started from the country through the development program of these players only that later transmit to other regions.
- Further, the country is also introducing different laws to develop the industry. For instance, in August 2022, the US President signed the CHIPS & Science Act into law, sending USD 52.7 billion to processor manufacturers over five years to support the US reclaim semiconductor industry leadership lost to Taiwanese & Korean companies and challenged by growing capable Chinese firms.
- In addition, in October 2022, Chipmaker Micron Technology announced it would spend USD 20 billion to construct the largest-ever US semiconductor factory. And it also further plans to expand it, which may cost up to USD 100 billion over 20 years.Its announcement follows other US semiconductor factory projects offered lately by other chipmakers, including Intel, Samsung, & TSMC. The recent fabs are all part of restoring chip and other technology manufacturing to the US shores.
- Also, the country has a growing and expanding automotive industry across various types of vehicles sold for various purposes. For instance, according to The Bureau of Economic Analysis (BEA), in August 2022, around 887,900 light trucks were being sold, along with 240,280 and 38,420 autos and heavy trucks, respectively.
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