Bit computing refers to the bit number in a processor corresponding to processing speed and storage capacity. In computer architecture, a processor with memory address widths, integer size, and data path widths of 64 bits is referred to as 64-bit computing. Advanced technologies such as collision avoidance systems, parking assistance, and lane departure warning in the automotive industry, require instillation of 64-bit processors for smooth functioning. Growing integration of these technologies in automotive is in turn, increasing demand for 640-bit computing, globally. According to International Energy Agency Organization, in 2016, over 750,000 electronic cars were sold worldwide, with China, the U.S., Norway, U.K., France, and Japan being major countries in this market.
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North America holds the largest market share of the global 64-bit computing market
On the basis of geography, the global 64-bit computing market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global 64-bit computing market in 2016 and is projected to retain its dominance throughout the forecast period. Due to increasing demand for microcontrollers in photovoltaic systems and smart energy management application is boosting growth of the market for 64-bit computing in the North America. Additionally, the increasing penetration of smartphone and tablets and other consumer electronic devices is creating growth opportunities for the 64-bit computing market in this region. The U.S. and Canada are the major growth engines in the region.
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According to Coherent Market Insights’ analysis, 207 million smartphone users were recorded in 2016, the number for which is expected to reach up to 264 million smartphone users by 2021. Similarly, in Canada, smartphone user population is expected to reach 27.3 million by 2021 i.e. 72.2% of the total population. Asia Pacific 64 bit computing market is expected to exhibit fastest growth in the near future. Growing automotive and consumer electronics industry in Asia Pacific countries is a major factor influencing growth of the 64-bit computing market in this region. Increasing adoption of electronic vehicles in Asia Pacific is increasing the demand for 64-bit computing. China is the leading country for the electronic cars worldwide, followed by the U.S.
Key companies in the global 64-bit computing market
Key players operating in the global 64-bit computing market include 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.