Various factors contributing to the ascension of the global smartphone application processor market include growing demand for such application processors owing to the advancements in the graphics processing unit (GPU) and other complex processing techniques. Further, the development of octa-core processors has enhanced the performance of mobile devices through the rationalization of multitasking processes.
Upscaling penetration of smartphones is another significant factor contributing to the ascension of the global smartphone application processors market. In addition, a fast-paced rise in the emergence of urbanization in different developing economies across the globe is pushing the adoption of smartphones.
Market Research Future (MRFR), in its latest “Smartphone Application Processor Market” report, states that the market can value at USD 18 Bn at 11% CAGR between 2017 and 2023. The high use of SoC integration to boost mobile operations is likely to prompt the expansion of the global smartphone application processor market. The high demand for the smartphone application processor is identified as a potential booster for market growth. Advancements in GPU and the availability of other sophisticated techniques can impel the growth of the global smartphone application processor market. The advent of octa-core processors has grasped the attention of smartphone producers. Manufacturers are incorporating octa-core processors to launch more effective products. This can bolster the expansion of the worldwide market. Hike in annual income, expansion the technologically savvy population, and surge in need for products that offer greater convenience can prompt the smartphone application processor market growth.
Nvidia Corporation (U.S.), Qualcomm (U.S.), Apple, Inc (U.S.), Renesas Mobile Corporation (Japan), Samsung Electronics (South Korea), Broadcom Corporation (U.S.)., Huawei Technologies Co., Ltd (China), MediaTek Inc (Taiwan), Intel Corporation (U.S.), Allwinner Technology (China), Advanced Micro Devices, Inc (U.S.), Texas Instruments (U.S.), NXP Semiconductor N.V. (Netherlands), ST-Ericsson (Switzerland), HTC Corporation (Taiwan), ZTE Corporation (China), Lenovo Group Ltd (China), Fairchild Semiconductor (U.S.), Realtek Semiconductor Corp (Taiwan), Vishay Intertechnology, Inc (U.S.), ON Semiconductor (U.S.), STMicroelectronics (France), Infineon Technologies AG (GermanyAnalog) Devices, Inc (U.S.), Atmel Corporation (U.S.) are some notable developers of smartphone application processors. The understanding of contributions of smartphone application processors marketers can abet venture capitalist decide on right investment.
North America smartphone application processor market to be at the global forefront across the study period. The presence of reputed smartphone application processor developers, such as Qualcomm, is likely to prompt the regional market expansion. The US smartphone application processor market is anticipated to exhibit growth at a rapid pace. Europe smartphone application processor market is can be driven by similar factors. The strong economy of EU countries can support the regional market surge.
In Asia Pacific, the advancements in SoC integrations are expected to underpin the expansion of the regional smartphone application processor market. Increase in tablet, e-readers, and laptop ownerships can impel the regional market growth.
The global smartphone application processor market size is studied by operating system, components, application, and type. Segmental insights of the global smartphone application processor offer insights to capitalist those looking to start for business in smartphone application processors or expand their existing trade. The segmental information in the report can aid investors to identify growth scopes in the smartphone application processor market, worldwide.
The operating system-based segments of the market are iOS, Android, and others. The Android segment is expected to win substantial profit for the global market of smartphone application processor. The growing utility of iOS is expected to prompt the expansion of the market through the assessment period.
The components-based segments of the market are graphical processing units (GPU), ARM cores, memory controllers, audio and video decoders, cache memories, and others. The audio and video decoders segment can achieve substantial revenue for the market.
The application-based segments of the smartphone application processor market are photo and video editing, gaming, social & entertainment applications, camera applications, and others. The expansion of the gaming sector can prompt the growth of the smartphone application processor market.
The type-based segments of the smartphone application processor market are integrated smartphone application processor, stand-alone smartphone application processor, 64-bit smartphone application processor, and 32-bit smartphone application processor.