Multicore Processors Market Size, Share, Growth, and Industry Analysis, By Type (Two Cores, Three Cores, Eight Cores, and Others), By Application (Mobile Phone, Computer, and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Multicore Processors Market REPORT OVERVIEW

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The global multicore processors market size was USD 82560 million in 2022 and market is projected to touch USD 272478 million by 2031, at a CAGR of 14.2% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with multicore processors experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Multicore processors, also known as multi-core processors, are central processing units (CPUs) that contain multiple independent processing units, called cores, on a single integrated circuit (IC) chip. Each core functions as a separate CPU capable of executing instructions and performing tasks independently. Multicore processors enable parallel processing by dividing tasks among multiple cores. Each core can execute instructions simultaneously, increasing overall processing power and improving performance for applications that can be parallelized.

Multicore processors often support multithreading, which allows each core to execute multiple threads concurrently. This feature enhances performance for applications that can utilize multiple threads, such as multitasking operating systems, multimedia processing, and scientific simulations. Multicore processors typically have shared resources, including cache memory and memory controllers, among the cores. Efficient management of shared resources is critical to ensure optimal performance and minimize bottlenecks in data access and communication between cores.

COVID-19 IMPACT: Need for Computing Power to Boost Demand Significantly

COVID-19 had a life changing impact globally. The multicore processors market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for multicore processors experienced an increased demand.

The pandemic accelerated the adoption of cloud computing as businesses and individuals sought scalable and remotely accessible computing resources. Multicore processors are widely used in cloud data centers to handle multiple simultaneous workloads efficiently. The increased demand for cloud services during the pandemic likely drove the need for more powerful multicore processors to support the growing cloud infrastructure.

The pandemic led to a surge in remote work, online learning, and digital activities. This increased reliance on technology and the need for efficient processing capabilities created a higher demand for computing power. Multicore processors, with their ability to handle parallel processing and multitasking, played a crucial role in meeting this increased demand. The market is anticipated to boost the multicore processors market share following the pandemic.

LATEST TRENDS

"Heterogenous Computing to Broaden Market Growth"

Multicore processors are increasingly incorporating heterogeneous architectures, combining different types of cores specialized for specific tasks. For example, alongside traditional CPU cores, processors may include specialized cores for graphics processing (GPU cores) or artificial intelligence/machine learning tasks (AI/ML cores). This approach optimizes performance and power efficiency for specific workloads.

Multicore processors are being integrated with other system components to improve overall efficiency and reduce latency. This includes integrating memory controllers, graphics processing units (GPUs), and AI accelerators directly onto the same chip as the CPU cores. Such integration enhances data transfer speeds and reduces the need for external components, resulting in improved performance and lower power consumption. These latest developments are anticipated to boost the multicore processors market share.

Multicore Processors Market SEGMENTATION

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• By Type

Based on type, the market is divided into two cores, three cores, eight cores, and others.

Two Cores holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into mobile phone, computer, and others.

Mobile phone as application holds a major share of the global market.

DRIVING FACTORS

"Increasing Workload Demand to Boost Market Share"

Modern applications, including those in fields such as artificial intelligence, data analytics, scientific simulations, and multimedia processing, require significant computational power. Multicore processors address the increasing workload demands by providing the ability to distribute and execute these tasks across multiple cores concurrently, effectively leveraging parallel processing capabilities.

"Multitasking and Multithreading to Boost Market Size"

Multicore processors are well-suited for multitasking environments where multiple applications or processes need to run simultaneously. Each core can handle a separate task or thread, enabling efficient multitasking and improved responsiveness. Multithreading support allows individual cores to execute multiple threads, enhancing overall system performance by maximizing core utilization. These factors are anticipated to drive the multicore processors market share.

RESTRAINING FACTORS

"Power Consumption & Thermal Management to Hamper Market Share"

While multicore processors can offer improved power efficiency, the increase in core count and performance can also lead to increased power consumption and heat generation. Efficient thermal management becomes critical to prevent overheating and maintain system stability. Power and thermal constraints can limit the scalability and practical implementation of multicore processors, particularly in portable devices with limited cooling capabilities. The factors are anticipated to hinder the growth of the multicore processors market share.

Multicore Processors Market REGIONAL INSIGHTS

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"North America Dominates the Multicore Processors Market "

North America is the major shareholder for the multicore processors market share. The region has traditionally been a dominant player in the technology industry. These companies have a significant market capitalization and a broad shareholder base, including institutional investors, individual investors, and founders. The region has a strong entrepreneurial culture, a favorable investment environment, and robust capital markets, which have contributed to its prominence in technology company ownership. APAC is the second major shareholder for the multicore processors market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Intel [U.S.]
• Dell [U.S.]
• Advanced Micro Devices (AMD) [U.S.]
• Applied Micro Circuits [U.S.]
• ARM [U.K.]
• Broadcom [U.S.]
• Marvell [Bermuda]
• NXP Semiconductors [Netherlands]
• Qualcomm [U.S.]
• Samsung Electronics [South Korea]
• Texas Instruments [U.S.]
• Mellanox Technologies [U.S.]
• MediaTek [Taiwan]
• Marvell Technology Group [Bermuda]
• Cisco [U.S.]
• Ericsson [Sweden]
• Cavium [U.S.]
• Fortinet [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.