The Worldwide Smartphone Application Processor Industry is Expected to Reach $29.14 Billion by 2027

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Dublin, Nov. 10, 2022 (GLOBE NEWSWIRE) — Market “Global Smartphone Application Processor (AP) Market: Analysis By Operating System (Android, iOS, and Others), By Application (Camera, Gaming, Photo and Video Editing, and Others ), Based on Area Size and Trends Impacted by COVID-19 and Forecast to 2027” report has been added to ResearchAndMarkets.com’s offer.

The global smartphone application processor market in 2021 is worth $15.95 billion. The market is expected to reach $29.14 billion by 2027.

A smartphone’s application processor is a system that contains a chip that helps the smartphone’s operating system. The performance of the smartphone is at an optimal level with the use of the application processor. The customer’s smartphone experience is improved due to the use of advanced processors.

Advances in technology make processors better for smartphones. Key players are launching premium processors with high features such as Octa-core processor launches. Therefore, technological advancements and rapid innovation 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 forecast period 2022-2027.

Market Segmentation Analysis:

  • By Operating System: The report provides bifurcation of the market into three segments based on operating system: Android, iOS, and others. In 2021, android will hold a major 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 popularity of the iPhone device and rising demand for Apple smartphones by the younger generation across the globe.

  • By Application: The report further provides segmentation based on application: Camera, Gaming, Photo & Video Editing, and others. Cameras hold the highest share of more than 35% in the market. Market expansion is aided by increasing demand for advanced features from a tech-savvy consumer base such as improved camera functionality, high-end graphics, long battery life, etc.

  • By Region: The report provides insights into the smartphone application processor market by region namely North America, Asia Pacific, Europe, and Rest of the World. North America holds a major share of above 38% in the market due to rising smartphone adoption, technological advancements to support consumer demand for smartphones and the presence of leading smartphone manufacturers in the region.

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In Asia Pacific, China has nearly 52% market share due to rising spending, consistent advancements in smartphone technology and emphasis on powerful processors. Whereas, in Europe, Germany is expected to be the fastest growing region in the forecast period.

Market dynamics:

  • Growth Drivers: The global smartphone application processor market has grown in recent years, due to factors such as increasing number of smartphone users, rising consumer spending, increasing internet penetration, rapid urbanization, and many other factors. With rapid urbanization and rising consumer spending, it has been observed that both individuals are fast becoming tech savvy and prefer to buy smartphones with advanced features, which has led to a rise in demand for smartphone application processors. Thus, rapid urbanization and rising consumer spending have contributed to the growth of the market.

  • Challenges: However, the market has been confronted with some special challenges, high costs associated with development and operation, performance and problems related to heating, constantly changing the requirements of the processor, etc.

  • Trends: The market is expected to grow rapidly during the forecast period, due to various latest trends such as increased implementation of artificial intelligence in smartphones, accelerating adoption of 5G technology, rapid technological advancements and innovations, etc. increasingly deploying 5G processors to serve growing demand and changing customer preferences. Moreover, the intensive use of IoT devices, increasing utilization in automated factories, larger amount of streaming content is expected to present considerable opportunities for the growth of 5G processor demand in the coming years. Hence, with the accelerating adoption of 5G technology, the demand for 5G-enabled application processors is increasing, thus increasing the overall market growth.

Analysis of the Impact of COVID-19 and the Way Forward:

In 2020, the COVID-19 outbreak weakened the demand for mobile phones as production activities were halted, and as people began to budget and shop less during the pandemic phase. This decline in smartphone production directly affects the demand for application processors because the smartphone processor is the central hub of the smartphone and is directly responsible for the performance of the device. However, after the relaxation of the lockdown, the industry responded positively to the crisis. Technological innovation has also helped smartphone app processor retailers to comply with in-store safety regulations.

Key topics covered:

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1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Smartphone Application Processor 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 Application Processor Market by Operating System (Android, iOS, and Others)
3.1.4 Global Smartphone Application Processor Market by Application (Camera, Gaming, Photo & 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: Overview
3.3.2 Global Camera Smartphone Application Processor Market by Value
3.3.3 Global Smartphone Game Application Processor Market by Value
3.3.4 Global Photo & Video Editing Smartphone Application Processor Market by Value
3.3.5 Global Others 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 Japan Smartphone Application Processor Market by Value
4.2.6 South Korea smartphone Application Processor Market by value
4.2.7 Rest of Asia Pacific Smartphone Application Processor Market by Value
4.3 European 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 Rest of Europe Smartphone Application Processor Market by Value
4.4 Rest of the World Smartphone Application Processor Market: 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 Value

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

6. Market dynamics
6.1 Growth Drivers
6.1.1 Increasing Number of Smartphone Users
6.1.2 Increase in Consumer Spending
6.1.3 Mounting 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 problems related to heating
6.2.3 Continuously Changing Requirements of Processors
6.3 Market trends
6.3.1 Growing Implementation of Artificial Intelligence in Smartphones
6.3.2 Accelerating the Adoption of 5G Technology
6.3.3 Escalating Penetration of Mobile E-Commerce
6.3.4 Rising 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 Section
8.1.3 Business Strategy
8.2 MediaTek Inc.
8.2.1 Business Overview
8.2.2 Area of ​​Operation
8.2.3 Business Strategy
8.3 Apple Inc.
8.3.1 Business Overview
8.3.2 Operating Section
8.3.3 Business Strategy
8.4 Samsung Electronics Co., Ltd.
8.4.1 Business Overview
8.4.2 Operating Section
8.4.3 Business Strategy
8.5 Huawei Technologies Co., Ltd.
8.5.1 Business Overview
8.5.2 Operating Section
8.5.3 Business Strategy
8.6 Lenovo Group Limited
8.6.1 Business Overview
8.6.2 Operating Section
8.6.3 Business Strategy
8.7 Intel Corporation
8.7.1 Business Overview
8.7.2 Operating Section
8.7.3 Business Strategy
8.8 Nvidia Corporation
8.8.1 Business Overview
8.8.2 Operating Section
8.8.3 Business Strategy
8.9 Broadcom Inc.
8.9.1 Business Overview
8.9.2 Operating Section
8.9.3 Business Strategy
8.10 Advanced Micro Devices, Inc.
8.10.1 Business Overview
8.10.2 Operating Section
8.10.3 Business Strategy
8.11 Renesas Electronics Corporation
8.11.1 Business Overview
8.11.2 Operating Section
8.11.3 Business Strategy
8.12 Texas Instruments Incorporated
8.12.1 Business Overview
8.12.2 Operating Section
8.12.3 Business Strategy
8.13 Unisoc Technology Co., Ltd.
8.13.1 Business Overview
8.13.2 Business Strategy

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

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