Smartphone Application Processor Market Research Report – Forecast to 2023
A system on a chip processor which is designed to aid applications for mobile operating system environment is called a mobile application processor. The SoC integration can deliver system capabilities that include different components like memory controller, multimedia decoding units, and graphics processing unit. The global smartphone application processor market is expected to ascend at approximately 11% CAGR, reaching a revenue valuation of USD 18 billion by the end of the forecast period.
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.
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The global smartphone application processor market is studied for different segments based on type, operating system, components, application, and region. Based on type, the global smartphone application processor market is segmented into an integrated smartphone application processor, stand-alone smartphone application processor, 64-bit smartphone application processor, and 32-bit smartphone application processor. Based on operating system, the global smartphone application processor market is segmented into android and iOS. Based on components, the global smartphone application processor market is segmented into ARM cores, cache memories, graphical processing units (GPU), audio & video decoders, and memory controllers.
Detailed Regional Analysis
The global smartphone application processor market is segmented, based on region, into Asia Pacific (including Australia and New Zealand), North America, Europe (including Russia), and Rest of the World (including the Middle East, Africa, and South America). North America’s smartphone application processor market led the global market in the base year and is anticipated to retain its market dominion during the forecast period. Such market domination can be attributed to the advancements in smartphone applications and its specifications. North America is providing application processors for laptops, portable storage devices, and desktops. Another major factor driving the ascension of the smartphone application processor market is the development noted in the SoC integration.
Asia Pacific is expected to witness significant developments in the semiconductor industry. Additionally, upscaling demand for high-end smartphones that are capable of supporting high-quality gaming and faster processor application is propelling the growth noted in the regional smartphone application processor market. Moreover, processor/chipset manufacturers residing in Asia Pacific are deploying advanced solutions and hence, adopting latest systems on chip technology. Economic changes noted in the developing countries such as India and China are promoting the ascension of the global smartphone application processor market. Further, supportive government initiatives are likely to accelerate the growth noted in the regional smartphone application processor market. These governments are investing heavily in the infrastructural development to support advanced smartphone application processor solutions. Also, fast-paced emergence of smartphones among the young population residing in the developing economies is likely to contribute to the ascension of the market during the forecast period.
Some of the notable players present in the global smartphone application processor market include Qualcomm (U.S.), Apple, Inc (U.S.), Nvidia Corporation (U.S.), Samsung Electronics (South Korea), and Broadcom Corporation (U.S.). Renesas Mobile Corporation (Japan), MediaTek Inc (Taiwan), Intel Corporation (U.S.), Allwinner Technology (China), Huawei Technologies Co. Ltd (China), Advanced Micro Devices, Inc (U.S.), and Texas Instruments (U.S.).
Other market vendors, as profiled in the MRFR analysis, include NXP Semiconductor N.V. (The Netherlands), ST-Ericsson (Switzerland), HTC Corporation (Taiwan), ZTE Corporation (China), Lenovo Group Ltd (China), Realtek Semiconductor Corp (Taiwan), ON Semiconductor (U.S.), Fairchild Semiconductor (U.S.). Vishay Intertechnology, Inc (U.S.), Atmel Corporation (U.S.), STMicroelectronics (France), Infineon Technologies AG (Germany), and Analog Devices, Inc (U.S.).
August 2019: Samsung announced its plans to introduce a 5G chipset which combines a modem and application processor (AP) by the end of 2019. This chipset will power Samsung’s midrange Galaxy S series smartphones upon launch in 2020.
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Global Smartphone Application Processor Market: Operating System (Android, iOS), Component (ARM cores, GPU, Cache Memories, Memory Controllers, Audio and Video Decoders), Application (Gaming, Photo and Video Editing, Camera), Type – Forecast till 2023
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