Rising smartphone sales, increasing demand for smart wearable devices, and ascend in auto ADAS to reinforce the global application processor market through 2026
According to TechSci Research report, “Global Application Processor Market By Devices (Mobiles, Laptop Notebooks, Tablets and Others), By Operating Systems (Android, iOS, Windows and Others), By Application (Gaming, Camera applications, Photo and Video Editing and Others), By Type (32-bit and 64-bit application processors), By Core Type (Dual core, Quad core and others), By Region, Competition, Forecast & Opportunities, 2016-2026”, the global application processor market was valued at USD29.56 billion in 2020 and is expected to grow at a CAGR of 8.34% during the forecast period owing to the rising demand for smartphones, smart wearable devices, E-readers, notebooks and automotive ADAS across the globe. Immersive mobile gaming experiences at low power, mobile virtual reality experience, high resolution camera experience, advanced AI features like voice assistance, security features, advanced automotive features like autopilot, etc. are further propelling the market.
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The global application processor market can be segmented based on device, operating systems, applications, type, core type and region. Based on devices, the market can be segmented into mobiles, laptop notebooks, tablets, and others. The mobile segment held 53.85% share in 2020. In terms of operating systems, the market can be bifurcated into android, iOS, windows and others. In 2020, android dominated the market with a share of 39.64%, and is expected to grow at a higher rate in future, followed by iOS. Based on applications, the market can be segmented into gaming, camera applications, photo and video editing and others. The gaming segment captures the market and has a share of 31.57% in 2020. It is expected to dominate the market in the forecast period as well with a share of 32.61% in 2026 due to increasing R&D in the sector. Based on type the market can be segmented into 32-bit and 64-bit application processors. 64-bit application processors dominate the market with a share of 68.79% and are further expected to dominate the market due to better performance and increased efficiency.
In terms of core type, the global application processor market is segmented into dual core, quad core, and others. The dual core segment dominates the market with a share of 47.94% in 2020 but the quad core segment is expected to rise at a much higher pace due to its increased usage in smartphones.
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Qualcomm Technologies Inc., Mediatek Inc, Apple Inc, Samsung Electronics Pvt Ltd, Intel Corporation, Nvidia Corporation, Hisilicon Technologies Co. Ltd., Unisoc, Toshiba Corporation, TSMC Ltd. are among the leading players operating in the global application processor market. Companies operating in the market are using strategies such as product advancement through the addition of new features, mergers and collaborations to boost their share.
“Asia-Pacific region has the highest share with 25.97% in 2020 and is expected to dominate the market in forecast period as well. Countries that fall under the Asia-Pacific region have the highest population and are technologically advanced, thus leading to the expansion of the global application processor market. The deployment of 5G technologies and use of automation in countries like China and Japan is becoming a major parameter in the growth of the global application processor market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Application Processor Market By Devices (Mobiles, Laptop Notebooks, Tablets and Others), By Operating Systems (Android, iOS, Windows and Others), By Application (Gaming, Camera applications, Photo and Video Editing and Others), By Type (32-bit and 64-bit application processors), By Core Type (Dual core, Quad core and others), By Region, Competition, Forecast & Opportunities, 2016-2026” has evaluated the future growth potential of the global application processor market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global application processor market.
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