The global microprocessor market share is expected to grow exponentially through 2028 owing to rising prevalence of industrial automation across smart factories.
Microcontrollers and microprocessors have been around for more than 40 years. Over time, great advancements in design as well as semiconductor processing have offered high versatility and power to various industries, such as IT, telecom, transportation, aerospace, and so on. These processors vary from minor 8-bit embedded controllers to 32-bit and 64-bit behemoths capable of speeds exceeding 4 Gb/s. Most modern electrical products have been made possible due to their generic programmable character. Nonetheless, these technologies are still evolving to meet cutting-edge demands, which has positively influenced the product landscape.
Notably, there has been increased focus on the development of specialized systems-on-chip (SoCs) with a CPU foundation optimized for certain application areas. As a result, notable advancements in the product to accommodate prominent processing needs have propelled market growth significantly in the past few years.
Recently, industry players have been investing heavily towards the development of new and advanced microprocessor technologies. For instance, in January 2022