The worldwide smartphone application processor industry is expected to reach $29.14 billion by 2027

The worldwide smartphone application processor industry is expected to reach $29.14 billion by 2027

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Dublin, November 10, 2022 (GLOBE NEWSWIRE) – The “Global Smartphone Application Processors (AP) Market: Analysis by Operating System (Android, iOS, etc.), by Application (Camera, Games, Photo and Video Editing, etc.), by Region Size, Trends with Impact of COVID-19 and Forecast to 2027” Report added to ResearchAndMarkets.com Show.

The global market for smartphone application processors in 2021 was valued at $15.95 billion. The market is expected to reach US$29.14 billion by 2027.

A smartphone application processor is a system that contains a chip that assists the smartphone operating system. Smartphone performance is optimized with the application processor. The customer experience on smartphones is increasing due to the use of advanced processors.

Technological advances are making processors better for smartphones. The major players launch premium processors that come with cutting edge features such as 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 presents the ramifications of the market into three segments based on the operating system: Android, iOS, and others. In 2021, Android captured a large share of 71.4% in the market. On the other hand, the iOS segment is expected to grow at the highest compound annual growth rate 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 also provides a breakdown based on the application: camera, games, photo and video editing, and others. The camera has the highest share of more than 35% in the market. The expansion of the market is supported by the increasing demand for advanced features from a growing base of tech-savvy consumers such as improved 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 captured the major share of over 38% in the market due to the rise in smartphone adoption, technological advances to maintain consumer demand for smartphones and the presence of leading smartphone manufacturers in the region.

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

Market dynamics:

  • Growth Engines: The global smartphone application processor market has grown over the past few years, due to factors such as increasing number of smartphone users, rising consumer spending, growing internet penetration, rapid urbanization, and many other factors. With the rapid urbanization and increasing consumer spending, it has been observed that both individuals are becoming fast into technology and prefer to buy smartphones with advanced features, resulting in increased demand for smartphone application processors. Thus, rapid urbanization and increased consumer spending have positively contributed to the growth of the market.

  • Challenges: However, the market has faced some challenges specifically, high cost associated with development and operations, performance and heating-related issues, ever-changing processor requirements, etc.

  • Trends: The market is expected to grow at a rapid pace during the forecast period, due to various recent trends such as the increasing implementation of artificial intelligence in smartphones, acceleration of 5G technology adoption, technological progress and rapid innovations, etc. 5G processors are increasingly deployed to meet growing demand and changing customer preferences. Moreover, the extensive use of IoT devices, increased usage in automated factories, and greater number of streaming content is expected to provide profitable opportunities for growth in aggregate demand for 5G processor in the coming years. Hence, with the acceleration of the adoption of 5G technology, the demand for the 5G attached application processor increases, resulting in the growth of the overall market.

Analyzing the impact of COVID-19 and moving forward:

In 2020, the COVID-19 outbreak has dampened the demand for smartphones due to the halt in production activities, as people started budgeting and shopping less during the pandemic phase. This decline in smartphone production directly affected the demand for application processors, as the smartphone processor is the central hub of the smartphone and is directly responsible for the performance of the device. However, after the lockdown was eased, the industry responded positively to the crisis. Technological innovations have also helped retailers of smartphone application processors comply with in-store safety regulations.

Main topics covered:

1. Executive Summary

2. Introduction

3. Global market analysis
3.1 Global Smartphone Application Processors Market: Analysis
3.1.1 Global Smartphone Application Processor Market: An Overview
3.1.2 Global Smartphone Application Processor Market by Value
3.1.3 Global Smartphone App Processor Market by Operating System (Android, iOS, etc.)
3.1.4 Global Smartphone Application Processors Market by Application (Camera, Games, Photo and Video Editing, etc.)
3.1.5 Global Smartphone Application Processor Market by Region
3.2 Global Smartphone Application Processor Market: Operating System Analysis
3.2.1 Global Smartphone Application Processors Market by Operating System: An Overview
3.2.2 Global Android Smartphone Application Processor Market by Value
3.2.3 Global iOS App Processors Market by Value
3.2.4 Global Other Smartphone Application Processors Market by Value
3.3 Global Smartphone Application Processor Market: Application Analysis
3.3.1 Global Smartphone Application Processor Market by Application: Overview
3.3.2 Global Smart Camera Application Processor Market, by Value
3.3.3 Global Gaming Smartphone Application Processor Market by Value
3.3.4 Photo and Video Editing Smartphone Application Processor Market By Value
3.3.5 Other Global Smartphone Application Processor Market, by Value

4. Regional Market Analysis
4.1 North America Smartphone Application Processor Market: Analysis
4.1.1 North America Smartphone Application Processor Market: An Overview
4.1.2 North America Smartphone Application Processor Market by Value
4.1.3 North America Smartphone Application Processor Market by Region
4.1.4 US Smartphone Application Processor Market by Value
4.1.5 Canada Smartphone Application Processor Market by Value
4.1.6 Mexico Smartphone Application Processor Market, by Value
4.2 Asia Pacific Smartphone Application Processor Market: Analysis
4.2.1 Asia Pacific Smartphone Application Processor Market: Overview
4.2.2 Asia Pacific Smartphone Application Processor Market by Value
4.2.3 Asia Pacific Smartphone Application Processor Market by Region
4.2.4 China Smartphone Application Processor Market by Value
4.2.5 Japanese Smartphone Application Processor Market by Value
4.2.6 South Korea Smartphone Application Processor Market by Value
4.2.7 Asia Pacific Smartphone Application Processor Market by Value
4.3 Europe Smartphone Application Processor Market: Analysis
4.3.1 Europe Smartphone Application Processor Market: An Overview
4.3.2 Europe Smartphone Application Processor Market by Value
4.3.3 Europe Smartphone Application Processor Market by Region
4.3.4 Germany Smartphone Application Processor Market by Value
4.3.5 Italy Smartphone Application Processor Market by Value
4.3.6 UK Smartphone Application Processor Market by Value
4.3.7 France Smartphone Application Processor Market by Value
4.3.8 Smartphone application processor market in the rest of Europe by value
4.4 Rest of the World Smartphone Application Processor Market: Analysis
4.4.1 Global Smartphone Application Processor Market: An Overview
4.4.2 Worldwide Smartphone Application Processor Market by Value

5. Impact of COVID-19
5.1 Impact of COVID-19 on the Smartphone Application Processor Market
5.1.1 Overall Impact
5.1.2 Impact of COVID-19 on smartphone sales
5.1.3 Post-COVID scenario

6. Market dynamics
6.1 Engines of Growth
6.1.1 Increasing the number of smartphone users
6.1.2 Rising consumer spending
6.1.3 Internet user penetration escalates
6.1.4 Rapid urbanization
6.1.5 Supportive Government Initiatives
6.2 Challenges
6.2.1 High cost associated with development and operations
6.2.2 Heating and performance related problems
6.2.3 constantly changing processor requirements
6.3 Market trends
6.3.1 Increasing implementation of AI in smartphones
6.3.2 Accelerating the adoption of 5G technology
6.3.3 Escalating mobile e-commerce penetration
6.3.4 The Rise of Connected IoT Devices
6.3.5 Technological developments and rapid innovations

7. Competitive landscape
7.1 Global Smartphone App Processor Operators by Market Share

8. Company Profiles
8.1 Qualcomm Corporation
8.1.1 Business Overview
8.1.2 Operating sectors
8.1.3 Business Strategy
8.2 MediaTek Corporation
8.2.1 Business Overview
8.2.2 Operation areas
8.2.3 Business Strategy
8.3 Apple Inc
8.3.1 Business Overview
8.3.2 Operating Sector
8.3.3 Business Strategy
8.4 Samsung Electronics Co., Ltd.
8.4.1 Business Overview
8.4.2 Operating sectors
8.4.3 Business Strategy
8.5 Huawei Technologies Co., Ltd.
8.5.1 Business Overview
8.5.2 Operating Sectors
8.5.3 Business Strategy
8.6 Lenovo Group Limited
8.6.1 Business Overview
8.6.2 Operating segments
8.6.3 Business Strategy
8.7 Intel Corporation
8.7.1 Business Overview
8.7.2 Operating Sectors
8.7.3 Business Strategy
8.8 Nvidia Corporation
8.8.1 Business Overview
8.8.2 Operating Sectors
8.8.3 Business Strategy
8.9 from Broadcom Inc.
8.9.1 Business Overview
8.9.2 Operating sectors
8.9.3 Business Strategy
8.10 Advanced Micro Devices, Inc.
8.10.1 Business Overview
8.10.2 Operating Sectors
8.10.3 Business Strategy
8.11 Renesas Electronics Company
8.11.1 Business Overview
8.11.2 Operating Sectors
8.11.3 Business Strategy
8.12 Texas Instruments Incorporated
8.12.1 Business Overview
8.12.2 Operating sectors
8.12.3 Business Strategy
8.13 Unisoc Technology Co., Ltd.
8.13.1 Business Overview
8.13.2 Business Strategy

For more information about this report visit https://www.researchandmarkets.com/r/1lday7

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