The microchip market size is valued at USD 32,731.2 million in 2021 and is expected to grow at a significant CAGR of 12.1% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by type, by the end user. By type, the microchip market has been segmented into Integrated Device, Fabless, Foundry. The integrated device segment is likely to be the largest and fastest-growing segment in terms of type. Based on end user, the microchip market is segmented into Consumer Electronics, Automotive, Healthcare, Military & Civil Aerospace, Others. Among these, the consumer electronics segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights.
In January 2020, Intel expanded the 11th generation of its “Core” processor chip architecture from last year’s chips for thin laptops by adding new chips for more powerful (and bulkier) gaming laptops and desktops. New Core S-series chips for desktops are 14% faster than Intel’s prior best gaming chips.