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Multi-Core Processors Market Size

ID: MRFR//6776-HCR | 111 Pages | Author: Aarti Dhapte| November 2024

The Multi-Core Processors market is influenced by a range of market factors that significantly impact its trajectory. One of the key drivers is the escalating demand for enhanced computing performance. As applications become more complex and demanding, the need for processors capable of handling multiple tasks simultaneously has intensified. Multi-core processors, with their ability to execute multiple instructions in parallel, address this demand by providing improved speed and efficiency, making them essential components in various computing devices.

Technological advancements play a pivotal role in shaping the dynamics of the Multi-Core Processors market. Continuous innovation in semiconductor technology has led to the development of processors with an increasing number of cores, allowing for greater parallel processing capabilities. This evolution has a direct impact on the performance of computers, servers, and other devices, influencing purchasing decisions across a wide range of industries.

Government regulations and industry standards contribute to the market dynamics of Multi-Core Processors, particularly in sectors where performance and reliability are critical, such as aerospace and defense. Compliance with regulations ensures that processors meet specific requirements related to security, performance, and power consumption. Additionally, adherence to industry standards fosters interoperability and compatibility with a variety of software applications and systems.

The proliferation of data-intensive applications, including artificial intelligence, big data analytics, and virtualization, drives the demand for high-performance computing solutions, further fueling the Multi-Core Processors market. These processors excel in handling parallel workloads, making them well-suited for tasks that require rapid data processing and complex calculations. As industries embrace data-centric applications, the market for multi-core processors continues to expand.

The competitive landscape and industry collaborations are significant market factors. The presence of various semiconductor manufacturers and technology companies contributes to innovation and drives improvements in multi-core processor technology. Companies compete by offering processors with higher core counts, improved energy efficiency, and enhanced features to cater to diverse consumer and enterprise needs. Collaborations with software developers and system integrators also play a role in optimizing the performance of multi-core processors within specific applications and use cases.

Economic considerations, including the total cost of ownership and return on investment, impact market adoption. Businesses and consumers evaluate the cost-effectiveness of multi-core processors based on factors such as performance gains, energy efficiency, and the overall value proposition. The decreasing cost of semiconductor manufacturing, coupled with the benefits of improved productivity, contributes to the economic viability of adopting multi-core processors.

Global market trends, such as the growth of cloud computing and edge computing, influence the Multi-Core Processors market. Cloud service providers and data centers leverage multi-core processors to enhance the performance and efficiency of virtualized environments. The shift towards edge computing, where processing is performed closer to the data source, also drives the demand for powerful multi-core processors in edge devices and appliances.

A multiple-core processor is like a single chip that has many processing units called cores. Instead of having one really fast processor, multi-core processors provide similar performance but use less power and run at a lower clock frequency. They are useful for handling tough tasks like video editing, 3D gaming, and encoding. These processors are commonly used in things like electronic gadgets, cars, and healthcare devices. Examples of multi-core processors include dual core, quad core, hexa core, and octa core.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2022 USD 25.8 Billion
Market Size Value In 2023 USD 29.23 Billion
Growth Rate 13.30% (2023-2032)

Global Multi-Core Processors Market Overview:


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.


Multi-Core Processors Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Multi-Core Processors Market Trends



  • Growing demand for smartphones is driving the market growth


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.


Multi-Core Processors Market Segment Insights:


Multi-Core Processors Type Insights


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)


Multi-Core Processors Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Multi-Core Processors End-User Insights


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.


Multi-Core Processors Regional Insights


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)


MULTI-CORE PROCESSORS MARKET SHARE BY REGION 2022


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.


Multi-Core Processors Key Market Players & Competitive Insights


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.


Key Companies in the Multi-Core Processors market include




  • 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).




Multi-Core Processors Industry Developments


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.


Multi-Core Processors Market Segmentation:


Multi-Core Processors Type Outlook




  • Dual-Core Processor




  • Quad-Core Processor




  • Octa-Core Processor




  • Hexa-Core Processor




Multi-Core Processors End-User Outlook




  • Consumer Electronics




  • Automotive




  • Telecommunication




  • Healthcare




  • Energy




  • Others




Multi-Core Processors Regional Outlook




  • 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




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