The Application Processor Market Report Overview:
“The global Application Processor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Application Processor Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global application processor market report has been segmented on the basis of core type, device type, industry, and region.
An application processor or application specific processor is an embedded processor designed to meet specific applications including Operating System (OS) and other hardware devices that only address specific standards that meet application requirements.
Increasing demand of application processor in smartphone industry is a key factor expected to drive growth of the global application processor market over the forecast period. Rising demand for smart wearables, which in turn increase demand for application processor. This is a factor expected to fuel growth of the target market in the next coming years.
In addition, increasing adoption of technologically advanced octa-core application processors, is another factor anticipated to drive growth of the target market over the forecast the period. Moreover, increasing penetration of application processor for use in the automotive industry in automotive infotainment systems and ADAS systems is a dynamic factor expected to bolster growth of the target market over the forecast period.
However, short life span of consumer electronic products, is a factor hampering growth of the global application processor market over the forecast period.
Increasing demand for connected communication devices in developing countries and growing implementation of artificial intelligence in mobile devices, are factors expected to create lucrative opportunities to drive growth of the global application processor market over the forecast period.
Technological developments in designs of application processor is an ongoing trend which support growth of the target market during the forecast period.
Analysis by Segment:
On the basis of core type, the octa-core segment is expected to hold major revenue share in the target market during the forecast period. On the basis of device type, the smart wearables segment is anticipated to grow at a significant rate in the target market over the forecast period. On the basis of industry, the consumer electronics segment is projected to register highest growth rate in terms of revenue in the target market during the forecast period.
Analysis by Region:
North America application processor market accounted highest share in terms of revenue and is expected to dominate the target market over the forecast period. The application processor market in the Asia Pacific is projected to witness fastest growth rate in the global application processor market in the next coming years. Increasing adoption of application processor from the consumer electronics industry in countries such as China and Japan, owing to the presence of major key players is estimated to fuel growth of the target market in the region. The Europe application processor market is estimated to contribute significant revenue share to the target market during the forecast period, followed by the market in Asia Pacific.
Market Segmentation and Key Players Operating in The Global Application Processor Market:
Segmentation on the Basis of Core Type:
Segmentation on the Basis of Device Type:
- Mobile Phones
- PC Tablets & E-readers
- Smart Wearables
- Automotive ADAS & Infotainment Devices
Segmentation on the basis of Industry:
- Consumer Electronics
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Qualcomm Technologies, Inc.
- Apple Inc.
- MediaTek Inc.
- Samsung Electronics Co., Ltd.
- Xiaomi Inc.
- HiSilicon Technologies Co., Ltd., A Huawei Company
- Spreadtrum Communications Inc.
- NXP Semiconductors N.V.
- Texas Instruments Incorporated
- NVIDIA Corporation
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