The multi-core processors market size was valued at USD 29.23 Billion in 2023. The multi-core processors industry is projected to grow from USD 33.11 Billion in 2024 to USD 79.37 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.54% during the forecast period (2024 - 2032). The increase in demand for smartphones and increasing utilization of multi-core processors in the automotive industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for multi-core processors is driven by the increase in demand for smartphones and is expected to propel the expansion of the multi-core processor market going forward. A Smartphone is a handheld electronic gadget that provides a connection to a cellular web and the internet. Smartphones with multi-core processors are useful for handling and managing tasks and can achieve more and heavier apps simultaneously. For instance, in August 2020, as per the Statistics Bureau of Japan, a government agency, the smartphone use rate was 68.3%, signifying that more than 70% of individuals in the age group between 13 and 59 years utilize smartphones. Therefore, an expansion in smartphone demand is driving the growth of the multi-core processor market revenue.
Additionally, the growing complexity of computer applications and the increasing demand for better performance led to the development of multiple processor cores. Previous-generation processors were unable to handle such performance demands effectively. Also, such processors had heat dissipation issues. In multi-core processors, the program execution is divided into different cores, leading to better performance and the capability to perform various tasks simultaneously. Such capacity successfully met the growing demand for faster and better-performing devices. Advanced multi-core processors are designed to meet future performance needs also. This, in turn, has been boosting their application across different devices globally.
Applications involving machine learning and AI require a considerable amount of computational power. AI/ML processors based on tensor processing units (TPUs) are being developed to accelerate training and inference tasks. Through advancements in processor architectures, the incorporation of dedicated AI/ML accelerators, and the development of efficient algorithms, there is a significant opportunity to improve AI/ML performance, reduce energy consumption, and enable edge computing. As IoT devices proliferate and real-time data processing becomes more necessary, edge computing becomes more prevalent. Power-efficient, high-performance, and real-time-responsive processors are crucial in developing edge applications. The future lies in developing energy-efficient processors, developing distributed computing architectures, and tackling security and privacy issues at the edge.
Various factors, such as increasing digitization and an increase in high-tech gadgets on the market, are also supporting the market growth in developing economies like China and India. Additionally, the increasing utilization of the Internet of Things (IoT) and government spending on IT is expected to boost regional market growth. A growing number of investments are being made towards expanding the capabilities of their regional production facilities.
The multi-core processors market segmentation, based on type, includes dual-core processors, quad-core processors, octa-core processors, and hexacore processors. The octa-core processors segment dominated the market, accounting for 35% of market revenue (10.23 Billion). The octa-core processors comprise eight processors that enable Android smartphones to perform more innovative tasks, such as handling high-resolution videos and graphic-heavy games without draining the battery, making the devices capable and efficient. However, the hexa-core processor is the fastest-growing category owing to the growing usage of artificial intelligence and deep learning-based applications.
Figure 1: Multi-Core Processors Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The multi-core processors market segmentation, based on end-user, includes consumer electronics, automotive, telecommunication, healthcare, energy, and others. The healthcare category generated the most income (70.4%). Portable and handheld medical devices and equipment, such as vital signs monitoring systems, use multi-core processors extensively. However, automotive is the fastest-growing category owing to the growing demand for multi-core processors in the automotive industry.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American multi-core processors market will dominate owing to the presence of numerous international companies; the market there is expanding faster than in other regions. Moreover, the growing number of trained professionals involved in software development for multi-core processors drives the market growth in this region. Further, the US multi-core processors market held the largest market share, and the Canadian multi-core processors market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MULTI-CORE PROCESSORS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's multi-core processors market accounts for the second-largest market share due to the rising penetration of smartphones and other electronics, including laptops, mobiles, desktops, and tablets in the region. Further, the German multi-core processors market held the largest market share, and the UK multi-core processors market was the fastest-growing market in the European region.
The Asia-Pacific multi-core processors Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to various factors such as increasing digitization, growing penetration of high-tech gadgets, and the advancement of automotive electronics drives the market growth in this region. Moreover, China’s multi-core processors market held the largest market share, and the Indian multi-core processors market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the multi-core processors market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the multi-core processors industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is a critical business tactic manufacturers use in the multi-core processors industry to benefit clients and increase the market sector. Major players in the multi-core processors market, including Advanced Micro Devices Inc., Intel Corporation, MACOM Technology Solutions Holdings, Samsung Electronics Co. Ltd., Texas Instruments Inc., ARM Holdings, Apple Inc., Mediatek Inc, and others, are attempting to expand market demand by investing in research and development operations.
Advanced Micro Devices Inc designs, manufactures, develops, and markets high-performance computing, graphics, and visualization technologies. The company's product portfolio includes desktop graphics, desktop processors, laptop graphics, laptop processors, chipsets, memory products, professional graphics, and server processors. AMD markets its products under AMD, Athlon, EPYC, FreeSync, FirePro, Geode, Opteron, Ryzen, Radeon, Virtex, Kintex, Zynq, Versal, UltraScale, and Threadripper brand names. The company's products find application in diverse areas, including automotive, aerospace and defense, healthcare and sciences, education, industrial and vision, consumer electronics, media and entertainment, and supercomputing and research. It serves OEMs, original design manufacturers, system integrators and independent distributors, add-in-board manufacturers, public cloud service providers, and contract manufacturers. In February 2022, Advanced Micro Devices, Inc. acquired Xilinx, Inc. for a compact amount of $50 billion. The acquisition is anticipated to enable AMD to offer the industry's most substantial portfolio of high-performance and adaptive computing solutions. Xilinx, Inc. is a US-based developer of multi-core processors and programmable logic solutions.
Intel Corp designs and develops technology products and components. The company's product portfolio comprises microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, and conferencing products. It also offers motherboards, solid-state drives, wireless connectivity products, server products, and software and applications. Intel markets its products and solutions to original and industrial and communications equipment manufacturers and original design manufacturers. The company's products find applications in notebooks, tablets, servers, and desktops. Intel markets processors under Core, Quark, Atom, Celeron, Pentium, Xeon, and Itanium brand names. In February 2021, Intel launched the Intel Core X-Series of desktop processors, which is the 10th generation of Intel Core CPUs. The development has a maximum increased clock speed of 4.8GHz, with the core count rising as high as 18 and the thread count bearing 3. The product also helps 256GB of DDR4-2933 RAM and updated Intel turbo boost max technology.
Intel Corporation (US)
Qualcomm Technologies Inc. (US)
Apple Inc. (US)
MediaTek Inc. (Taiwan)
Samsung (South Korea)
Xiaomi Corporation (China)
Spreadtrum Communications (China)
NXP Semiconductors (Netherlands)
Texas Instruments (US)
Nvidia Corporation (US)
Advanced Micro Devices Inc. (US)
ARM Holdings, PLC (UK)
Broadcom Corporation (US)
Marvell (Bermuda).
September 2022: Samsung launched Galaxy Tab Active4 Pro Tablet for industrial use. The tablet is embedded with Snapdragon 778G processor from Qualcomm, with a processor speed of 2.4 GHz, and Octa Core with Adreno 642L GPU for high performance. There are two memory variables with 64GB and 128G and a large battery capacity of 7600 mAh. One of the exclusive features of this device is it lets field workers it with their gloves on or even when their hands are wet. The device has passed the military-grade certification and is sleek and lightweight.
June 2022: Apple launched away. M2 chip embedded with power-efficient performance delivers a faster CPU, GPU, and Neural Engine. Compared to its past generation chip series M2 is loaded with 20 billion transistors and second-generation 5nm process technology. At the same power level, the CPU in the M2 offers approximately twice the Performance. M2 uses only one-fourth of the power and achieves over 90% of the 12-core chip's maximum performance.
Dual-Core Processor
Quad-Core Processor
Octa-Core Processor
Hexa-Core Processor
Consumer Electronics
Automotive
Telecommunication
Healthcare
Energy
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 29.23 Billion |
| Market Size 2024 | USD 33.11 Billion |
| Market Size 2032 | USD 79.37 Billion |
| Compound Annual Growth Rate (CAGR) | 11.54% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2021- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Intel Corporation (US), Qualcomm Technologies Inc. (US), Apple Inc. (US), MediaTek Inc. (Taiwan), Texas Instruments (US), Nvidia Corporation (US), Advanced Micro Devices Inc. (US), ARM Holdings, PLC (UK), Broadcom Corporation (US), and Marvell (Bermuda). |
| Key Market Opportunities | The increase in demand for smartphones |
| Key Market Dynamics | Increasing utilization of multi-core processors in the automotive industry |
Multi-Core Processors Market Highlights:
Frequently Asked Questions (FAQ) :
The multi-core processors market size was valued at USD 29.23 Billion in 2023.
The market is projected to grow at a CAGR of 11.54% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are Intel Corporation (US), Qualcomm Technologies Inc. (US), Apple Inc. (US), MediaTek Inc. (Taiwan), Texas Instruments (US), Nvidia Corporation (US), Advanced Micro Devices Inc. (US), ARM Holdings, PLC (UK), Broadcom Corporation (US), and Marvell (Bermuda).
The octa-core processor category dominated the market in 2022.
Healthcare had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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