Processor Companies (2024 - 2029)

Processor Market Companies Summary

The global processor market has witnessed significant growth due to the proliferation of consumer electronic devices, with CPUs being used in nearly all electronic devices. This has seen a surge in the number of wearable devices sold, fueling the demand for processors. Additionally, the growing base of tech-savvy consumers has increased the adoption of smartphones, accelerating the demand for mobile application processors that are also used in tablets, e-readers, netbooks, gaming consoles, and automotive navigation devices. The demand for data center CPUs continues to grow as more businesses move their IT infrastructure to the cloud. However, the pandemic caused disruptions in the supply chain, impacting the industry. Some firms experienced these disruptions due to lockdowns. Despite this, certain segments reported increased consumer demand, supporting the growth of APU and CPU technology. One major restraint for the market is the need for highly skilled personnel to create application processors, which has slowed market growth as processors take time to reach the end-user. On the other hand, the widespread use of application processors in wearable devices and other applications, coupled with the increasing adoption of emerging technologies such as AI and IoT, has led to a rising demand for data-centric real-time applications, augmenting the market.