Insights on the Global Smartphone Application Processor (AP) Market to 2027 - Players Include MediaTek, Apple, Samsung Electronics, Huawei Technologies, Lenovo Group - ResearchAndMarkets.com

Insights on the Global Smartphone Application Processor (AP) Market to 2027 – Players Include MediaTek, Apple, Samsung Electronics, Huawei Technologies, Lenovo Group – ResearchAndMarkets.com

Dublin – ()–The Global Smartphone Application Processors (AP) Market: Analysis by Operating System (Android, iOS, Others), by Application (Camera, Games, Photo & Video Editing, etc.), by Region Size, Trends with Impact of COVID-19, Forecast to 2027 The report has been added to ResearchAndMarkets.com Show.

The global smartphone application processor market value in 2021 was US$15.95 billion. The market is expected to reach USD 29.14 billion by 2027.

A smartphone application processor is a system that contains a chip that helps the smartphone operating system. Smartphone performance is optimized by using the application processor. Customers’ experience on smartphones is increasing due to the use of advanced processors.

Technological advances make processors better for smartphones. Major players are launching premium processors that come with cutting-edge features like the launch of the Octa Core processor. Therefore, rapid technological developments and innovations are expected to increase the demand for smartphone application processors in the coming years. The market is expected to grow at a compound annual growth rate of approx. 10.6% during the forecast period 2022-2027.

Market Segmentation Analysis:

  • By Operating System: The report provides market ramifications into three segments based on operating system: Android, iOS, and others. In 2021, Android has a significant share of 71.4% in the market. On the other hand, the iOS segment is expected to grow at the highest CAGR in the coming years due to the growing popularity of iPhones and the growing demand for Apple smartphones by the younger generation across the world.

  • By Application: The report further provides segmentation based on application: Camera, Games, Photo and Video Editing, and others. The camera got the highest share of more than 35% in the market. The market expansion is supported by the increasing demand for advanced features from a growing base of tech-savvy consumers such as enhanced camera functions, advanced graphics, extended battery life, etc.

  • By Region: The report provides insights into the Smartphone Application Processor market based on the regions namely, North America, Asia Pacific, Europe, and Rest of the World. North America held the major share of over 38% in the market due to the rise in smartphone adoption, technological advancements to sustain consumer demand for smartphones and the presence of leading smartphone manufacturers in the region.

In the Asia Pacific region, China has nearly 52% of the market share due to higher spending, continued advances in smartphone technology, and an increased focus on powerful processors. While, in Europe, Germany is expected to be the fastest growing region in the forecast period.

Market dynamics

growth engines

  • Increase in the number of smart phone users

  • High consumer spending

  • Internet user penetration escalated

  • rapid urbanization

  • Supportive government initiatives

challenges

  • High cost associated with development and operations

  • Performance and heating issues

  • Processor requirements are constantly changing

market trends

  • Increasing implementation of artificial intelligence in smartphones

  • Accelerate the adoption of 5G technology

  • The rising penetration of mobile e-commerce

  • The growing trend of connected IoT devices

  • Rapid technological developments and innovations

Competitive scene:

The global smartphone application processor market is concentrated, with a few players occupying majority of the market shares.

The major players in the global Smartphone Application Processors market are:

  • Qualcomm Corporation

  • Media Tech Corporation

  • Apple company

  • Samsung Electronics Co., Ltd.

  • Huawei Technologies Co., Ltd.

  • Lenovo Group Limited

  • Intel Corporation

  • Nvidia Corporation

  • Broadcom Inc.

  • Advanced Micro Devices, Inc.

  • Renesas Electronics Corporation

  • Texas Instruments Incorporated

  • Unisoc Technology Co., Ltd.

Some of the strategies among the major players in the Smartphone Application Processors market are product launches, rapid innovations, acquisitions, and collaborations. For example, in April 2022, Samsung introduced the Exynos 1280 SoC, a 5G mobile processor that powers some of the company’s latest mid-range smartphones, including the Galaxy A53 5G and Galaxy M33 5G. Whereas, in February 2021, QUALCOMM, one of the major chip manufacturers in the market, announced the release of the Snapdragon X65 5G Modem for antenna solution, with support for speeds of around 10Gbps on both non-standalone and standalone 5G networks.

For more information on this report visit https://www.researchandmarkets.com/r/gymqlo

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