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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 Processor (AP) Market: Analysis by Operating System (Android, iOS, and others), by application (cameras, gaming, photo and video editing, and others), along with sector size and impact of COVID-19 Trends and Forecast to 2027” report has been added ResearchAndMarkets.com’s Presentation.

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

A smartphone application processor is a system consisting of a chip that supports the operating system of a smartphone. The performance of the smartphone is at optimum level with the use of the application processor. With the use of advanced processors, the smartphone experience of the customers is increasing.

Technological advances improve processors for smartphones. Major players are launching premium processors that come with high-end features like the launch of octa-core processors. Therefore, technological advancements and rapid innovations are expected to expand the demand for smartphone application processors in the coming years. The market is expected to grow at a CAGR of approx. 10.6% during the projected period of 2022-2027.

Market Segmentation Analysis:

  • By Operating System: The report divides the market into three segments on the basis of operating system: Android, iOS and others. In 2021, Android had a major market share of 71.4%. On the other hand, the iOS segment is expected to grow at the highest CAGR in the coming years due to the increasing popularity of iPhone devices and the increasing demand for Apple smartphones by the younger generation across the globe.

  • By Application: The report further provides segmentation by application: camera, gaming, photo and video editing, and others. The camera had the highest market share of over 35%. The expansion of the market is aided by the growing demand for advanced features from the growing base of tech-savvy consumers such as enhanced camera functionality, high-end graphics, longer battery life, etc.

  • By Region: The report provides insights into the Smartphone Application Processor market based on regions such as North America, Asia Pacific, Europe and Rest of the World. North America held a major share of over 38% in the market due to increased smartphone adoption, advances in technology to keep up with consumer demand for smartphones, and the presence of leading smartphone manufacturers in the region.

In the Asia Pacific region, China held about 52% of the market share due to increased spending, steady advances in smartphone technology and an increasing emphasis on powerful processors. Whereas, in Europe, Germany is expected to be the fastest growing region over the forecast period.

Market Dynamics:

  • Growth Drivers: The global smartphone application processor market has been growing over the years due to factors such as increasing number of smartphone users, increasing consumer spending, increasing internet penetration, rapid urbanization, and many other factors. With rapid urbanization and increase in consumer spending, it has been observed that both individuals are becoming increasingly tech-savvy and prefer to buy smartphones with advanced features, thereby increasing the demand for smartphone application processors. Thus, rapid urbanization and increase in consumer spending have contributed positively to the growth of the market.

  • Challenges: However, the market has faced certain challenges especially, high cost associated with development and operation, performance and heating related problems, constantly changing requirements of processors, etc.

  • Trends: Owing to various latest trends such as increasing performance of Artificial Intelligence in smartphones, accelerating adoption of 5G technology, technological advancements and rapid innovation etc., the market is anticipated to grow at a rapid pace during the forecast period. Smartphone makers are rapidly deploying 5G processors to meet the growing demand and changing customer preferences. In addition, intensive use of IoT devices, increasing use in automated factories, high number of streaming content are expected to present attractive opportunities for overall demand growth for 5G processors in the coming years. Therefore, with the rapid adoption of 5G technology, the demand for 5G attached application processors is increasing, thus increasing the overall market.

Impact analysis of COVID-19 and the way forward:

In 2020, the COVID-19 outbreak weakened demand for smartphones due to halted production activities, and as people began to budget and shop less during the pandemic. 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 easing of the lockdown, the industry reacted positively to the crisis. Technological innovations have also helped align smartphone application processor retailers with in-store security regulations.

Major topics covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Smartphone Application Processor Market: An 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 Application Processor Market by Operating System (Android, iOS and others)
3.1.4 Global Smartphone Application Processor Market by Application (Camera, Gaming, Photo and Video Editing, and Others)
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 Processor Market by Operating System: An Overview
3.2.2 Global Android Smartphone Application Processor Market by Value
3.2.3 Global iOS Smartphone Application Processor Market by Value
3.2.4 Global Other Smartphone Application Processor Market by Value
3.3 Global Smartphone Application Processor Market: Application Analysis
3.3.1 Global Smartphone Application Processor Market by Application: An Overview
3.3.2 Global Camera Smartphone Application Processor Market by Value
3.3.3 Global Gaming Smartphone Application Processor Market by Value
3.3.4 Global Photo and Video Editing Smartphone Application Processor Market by Value
3.3.5 Global Other Smartphone Application Processor Market by Value

4. Regional Market Analysis
4.1 North America Smartphone Application Processor Market: An Analysis
4.1.1 North America Smartphone Application Processor Market: An Overview
4.1.2 North America Smartphone Application Processor Market by Price
4.1.3 North America Smartphone Application Processor Market by Region
4.1.4 US Smartphone Application Processor Market by Price
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: An Analysis
4.2.1 Asia Pacific Smartphone Application Processor Market: An 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 Japan Smartphone Application Processor Market by Price
4.2.6 South Korea Smartphone Application Processor Market by Value
4.2.7 Rest of Asia Pacific Smartphone Application Processor Market by Price
4.3 Europe Smartphone Application Processor Market: An 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 by Market Value
4.3.5 Italy Smartphone Application Processor Market by Price
4.3.6 UK Smartphone Application Processor Market by Value
4.3.7 France Smartphone Application Processor Market by Value
4.3.8 Rest of Europe Smartphone Application Processors by Market Value
4.4 Rest of the World Smartphone Application Processor Market: An Analysis
4.4.1 Rest of the World Smartphone Application Processor Market: An Overview
4.4.2 Rest of the World Smartphone Application Processor Market by Price

5. Impact of COVID-19
5.1 Impact of COVID-19 on the Smartphone Application Processor Market
5.1.1 General Effects
5.1.2 Impact of COVID-19 on Smartphone Sales
5.1.3 Post-Covid Scenario

6. Market Dynamics
6.1 Development Driver
6.1.1 Growing Number of Smartphone Users
6.1.2 Increase in Consumer Spending
6.1.3 Increasing penetration of Internet users
6.1.4 Rapid Urbanization
6.1.5 Supporting Government Initiatives
6.2 Challenges
6.2.1 High costs associated with development and operation
6.2.2 Performance and Heating Issues
6.2.3 Constantly Changing Processor Requirements
6.3 Market Trends
6.3.1 Growing Performance of Artificial Intelligence in Smartphones
6.3.2 Accelerating Adoption of 5G Technology
6.3.3 Growing penetration of mobile e-commerce
6.3.4 The Growing Trend of Connected IoT Devices
6.3.5 Technological Advancement and Rapid Innovation

7. Competitive Landscape
7.1 Global Smartphone Application Processor Players by Market Share

8. Company Profile
8.1 Qualcomm Inc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 MediaTek Inc.
8.2.1 Business Overview
8.2.2 Operating Area
8.2.3 Business Strategy
8.3 Apple Inc.
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Samsung Electronics Co., Ltd.
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 Huawei Technologies Co., Ltd.
8.5.1 Business Overview
8.5.2 Operating Segments
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 Segments
8.7.3 Business Strategy
8.8 Nvidia Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Broadcom Inc.
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy
8.10 Advanced Micro Devices, Inc.
8.10.1 Business Overview
8.10.2 Operating Segment
8.10.3 Business Strategy
8.11 Renesas Electronics Corporation
8.11.1 Business Overview
8.11.2 Operating Segment
8.11.3 Business Strategy
8.12 Texas Instruments Incorporated
8.12.1 Business Overview
8.12.2 Operating Segment
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

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900



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