64bit computing Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
The bit number in a processor corresponds to processing speed and storage capacity. In computer architecture, 64 bit computing is a processor that have memory address widths, integer size and data path widths of 64 bits. The increasing installation of advance technologies such as collision avoidance systems, parking assistance and lane departure warning in automotive industry become one of the major driver for the growth of the 64 bit computing market globally. In addition to this, the increasing demand for electronic vehicles in various regions has increased the demand for 64 bit processors. Due to high installation of advanced software or automated technology in electronic vehicles has increased the demand for high bit processor to operate electronic vehicles. According to International Energy Agency Organization, in 2016, with over 750,000 electronic cars sold worldwide. China, the U.S., Norway, U.K., France, and Japan are some of the major countries of the electronic cars market.
Automotive application holds the dominant position and is projected to retain its dominance throughout the forecast period. Due to increasing adoption of advance technologies such as Advanced Driver Assistance System, collision avoidance systems and also increasing demand of autonomous cars have increased the demand for 64 bit computing market in this application.
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64bit computing Market Outlook – North America holds the largest market of the global 64bit computing market
On the basis of geography, global 64bit computing market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds the dominant position in the global 64bit computing market in 2016 and is projected to retain its dominance throughout the forecast period. Due to increasing demand of microcontrollers from photovoltaic systems and smart energy management application have boosted the market of 64 bit computing in the North America region. In addition to this, the increasing penetration of smartphone and tablets and other consumer electronics devices have provided the growth opportunity to the 64 bit computing market in this region. The U.S. and Canada are the major countries which drives the market of North America region. According to Coherent Market Insight analysis, 207 million smartphone users are present in 2016 and is expected to reach up to 264 million smartphone users by 2021. Similarly it is estimated that in Canada, smartphone user population is expected to reach 27.3 million by 2021 i.e. 72.2% of the total population. In addition to this, the Asia Pacific 64 bit computing market is expected to grow with the largest CAGR during the forecast period. Due to increasing automotive and consumer electronics industry in Asia Pacific countries become one of the major factor which provides the growth opportunity to the 64 bit computing market in this region. In addition to this, the increasing adoption of electronic vehicles in Asia pacific countries has increased the demand of 64 bit computing market in this region. The china is the leading country for the electronic cars worldwide followed by the U.S. According to International Energy Agency Organization, in 2016, 336 new electronic cars were registered in China.
Key companies in the global 64bit computing market
Analog Devices, Inc., Applied Micro Circuits Corporation, Broadcom Limited, Cavium Inc, Infineon Technologies AG, Intel Corporation, NVIDIA Graphics Pvt Ltd and NXP Semiconductors N.V. are some of the key companies of the global 64bit computing market.
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