Next-Generation Processors Market

Next-Generation Processors Market to Accumulate Revenues Worth US$165.27 bn by
2024 as Smart Electronics Gain Popularity
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
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
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Growth of Internet of Things (IoT) Technologies to Bolster Demand
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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Soaring Crude Material Prices to Hamper Market Growth
The crude material used for the manufacture of several types of next-generation
processors incurs heavy expenses, and this is expected to hamper the growth of the
global next generation processors market. Furthermore, the market players have not
yet attained their optimal potential in the manufacturing and sale of next-generation
processors. However, the extensive use of internet of things (IoT) technologies,
electronic gadgets, and smart devices is expected to give an impetus to the growth of
the global next-generation processors market.