London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global microprocessor market 2015-2019, which is expected to grow at a CAGR of 6.48% during the forecast period of 2014-2019.
Rising adoption of smartphones and tablets across the globe will propel the demand for microprocessors during the forecast period. The availability of low-cost smartphones in regions like China and India coupled with the increasing number of mobile internet users are expected to drive the market positively. An increase in the number of smartphones and tablets sold will in turn augment the demand for microprocessors as it is an integral part of such devices.
“Portable electronic devices such as smartphones and tablets become obsolete after a short time. This is because of rapid launches of next-version models by vendors. The duration of the replacement cycle period, on average, is 8-12 months,” says Faisal Ghaus, Vice President of Technavio.
“Because of the reduction in product replacement cycle time, the demand for microprocessors in newly launched devices is expected to rise dramatically, and this will increase the revenue of the market.”
Key Market Drivers:
- Rise in Demand for Smartphones and Tablets.
- Steady Growth of Consumer Electronics Industry.
- Increase in New Product Development.
- Decline in IC Cost per Function.
Key Market Trends:
- Short Replacement Cycle of Portable Electronic Devices.
- Emergence of Product Miniaturization.
- Shift from Aluminum to Copper Interconnections.
- High Adoption of FinFET Architecture.
- Increased R&D spending.
Key Market Vendors:
- AMD Inc.
- Intel Corp.
- Qualcomm Technologies Inc.
- Samsung Semiconductor Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
