The tremendous demand for
next-generation processors across the globe has led to the emergence of
several new vendors in the global market. These market players are
trying their fortunes on the pretext of earning rewards through the
growth of the electronics industry. However, it is difficult to
challenge the strong position of the leading vendors in the global next-generation processors market, and the newbies are at a risk of toppling down.
The leading market players including Acer
Group, Intel Corporation, and VIA Technologies, Inc, have risen to
prominence in the global market for next-generator processors over the
previous decade. The strong position of these vendors is vindicated by
the enhanced performance of their processors, and these players are on
the lookout for further improving their product offerings. These vendors
are also expected to tap into the market of emerging economies such as
India, China, and Japan.
Transparency Market Research finds that
the global market for next generation processors would expand at an
astral CAGR of 17.6% over the period between 2016 and 2024. Furthermore,
the global market is expected to touch a value of US$165.27 bn by 2024,
escalating up from a value of US$41.41 bn in 2015. The market in North
America is expected to accumulate the highest revenues amongst all other
regional pockets over the forthcoming years. By end-use, consumer
electronics are projected to attract the highest demand within the
global next-generation processors market.
Several factors including the popularity
of smart phones, intelligent buildings, and automated systems has led to
the growth of the global market for next-generation processors.
Furthermore, the tremendous advancements in the domain of internet of
things (IoT) has also contributed to the growth of the global
next-generation processors market. Besides this, the automotive industry
has been steadfast in adopting smart electronics while manufacturing
cars and other vehicles. Another key propeller of demand is the use of
next-generation processors in ventilation systems, air cooling systems,
and heaters.
The growth of gaming apps and smart TVs
coupled with the efforts of the electronics industry to promote
next-generation processors has also led to the growth of the global
market. Lastly, the heavy reliance of the masses on electronics in every
sphere of work shal prove to be a lauch pad for market growth in the
years to come.
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