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.
Obtain Report Details @
http://www.transparencymarketresearch.com/next-generation-processors-market.html
http://www.transparencymarketresearch.com/next-generation-processors-market.html
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.
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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