The total MPU market is on track to exceed $100 billion for the first time ever this year, thanks to strong increases in cellphone application processor revenues, says Mid-Year Update.
Microprocessor sales are maintaining strength in 2021 after climbing 16% last year in the midst of the global Covid-19 virus health crisis that drove up the world’s reliance on the Internet during the pandemic. IC Insights’ recently released Mid-Year Update to The McClean Report 2021 now projects MPU sales to increase 14% in 2021, which will lift the total microprocessor market to a record-high $103.7 billion, compared to a 9% increase that was expected in January.
The Mid-Year Update raises the projection of MPU unit growth to 11% this year. With MPU shipments reaching 2.5 billion units and the average selling price (ASP) expected to rise 4% in 2021, annual microprocessors sales are forecast to exceed $100.0 billion for the first time ever this year (Figure 1).
