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A communication processor, also known as a front-end processor, is a tiny computer that connects to a host computer by a variety of networks, such as SNA (System Network Architecture), or peripheral devices, such as terminals, disc units, printers, and tape units. Error detection &correction, network control, protocol processing and routing are all handled by communication processors. As a result, using such processors saves the host computer from responsibilities such as sending &receiving messages and maintaining peripheral devices. These processors are the backbone of the telecommunications sector due to their helpful features and strong data transmission capabilities. The increase in popularity of smartphones and tablets has driven the demand for these processors and assist the communication processor market size globally.
The communication processor market share is segmented on the basis of type, sales channel, industry vertical, and region. Based on type, the market is bifurcated into transistor, diode, rectifier, power IC. By sales channel, it is categorized into direct channel and distribution channel. Based on product type, the market is bifurcated into wireless and wired. By industry vertical, it is categorized into it & telecom, automotive, consumer electronics, healthcare, industrial, and others. Based on region, the market is analyzed across North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key players operating in the communication processor market include Avago Technologies, Cavium, NXP Semiconductors N.V, IXYS Corporation, Microsemi Corporation, Intel Corporation, Qualcomm Inc., Motorola, Inc., Texas Instruments, Inc., Marvell Technology Group, Ltd. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the communication processor industry and develop new products for enhancing product portfolio.
COVID-19 Impact Analysis
COVID-19 pandemic imposed a sudden lockdown in many regions of the world to prevent the virus from spreading, resulting in the immediate evacuation of factories and stores. The worldwide market for non-essential items has suffered from a rapid drop in demand and supply, as well as travel restrictions. The pandemic has had a severe negative influence on the economy as a result of less work being done, lower demand, and a scarcity of workforce. In addition, the travel ban has resulted in a shortage of raw materials, which has caused production to halt. However, as the lockdown has been lifted and vaccination programs have begun in several nations, work flow has begun to increase, assisting market participants in making a comeback. All these factors has declined the communication processor market growth globally.
Top Impacting Factors
The advancement of self-driving vehicles, as well as connected and electric vehicles, offer (and require) a wide range of data-based services. Usage-based insurance, vehicle condition monitoring, and fleet management services for businesses are just a few of the possibilities that car makers are presently developing and communication processors are used for production. This is a major growth factor for the communication processor market share. PMC Sierra and Free scale, global manufacturers of semiconductors, are two major players in the communications processor industry. Despite the fact that the communications processor industry is at the forefront of innovation, the technology used to create these devices is complicated and massive. This means that even a little flaw in the gadget might render it useless, lowering market trust which is a big restraining factor for the communication processor market size. However, as people's interest in the Internet of Things (IoT) grows, the market is expected to continue to expand at a rapid pace.
Market Trends
New Product Launches to Flourish the Market
Intel released their 3rd Gen Intel Xeon Scalable CPUs in April 2021. According to them, the new 3rd Gen Intel Xeon Scalable CPU is projected to boost common data center workloads by 46% on average over the previous generation.
Surge in Usage in Mobile Phones, Tablets and Industrial Sectors
The growth in need for multi-functionality on a device is driving the communication processor industry. High usage of high-end graphics smartphones contributes to total market development due to increase in demand. Furthermore, individuals are buying more and more highly graphically competent application processors with increase in globalization and rise in consumer spending power .In addition, rise in demand for wireless computing devices drives the market growth. The boom in consumer electronics industry in nations such as the U.S., China, India, South Korea, and Japan is expected to drive this growth of the segment in the coming years. Digitalization is accelerating as more devices and components across the whole value chain are producing sensitive data, which must be transmitted, processed and used promptly, efficiently, and securely. For this high-performance, industrial communication networks are required, which eventually increases the demand for communication processors and provide lucrative communication processor market opportunity globally.
Key Benefits of the report
Questions Answered in the Communication Processor Market Research Report
Key Market Segments
Key Market Players