DUBLIN--(BUSINESS WIRE)--The "Global Smartphone Application Processor (AP) Market: Analysis By Operating System (Android, iOS, and Others), By Application (Camera, Gaming, Photo and Video Editing, and Others), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027" report has been added to ResearchAndMarkets.com's offering.
The global smartphone application processor market in 2021 was valued at US$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 which assists the smartphones operating system. The performance of the smartphone is at the optimal level with the use of an application processor. Smartphone experience of the customers is increasing due to the use of advanced processors.
Technological advancements make processors better for smartphones. The key players are launching premium processors that come with high-end features such as the launch of the Octa-core processor. Therefore, technological advancements and rapid innovations are expected to expand the demand for smartphone application processors in the forthcoming years. The market is expected to grow at a CAGR of approx. 10.6% during the forecasted period of 2022-2027.
Market Segmentation Analysis:
- By Operating System: The report provides the bifurcation of the market into three segments based on the operating system: Android, iOS, and Others. In 2021, android held 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 forthcoming years on account of growing popularity of iPhone devices and rising demand for Apple smartphones by young generation across the world.
- By Application: The report further provides the segmentation based on the application: Camera, Gaming, Photo & Video Editing, and Others. The camera held the highest share of more than 35% in the market. The market's expansion is aided by the growing demand for advanced features from growing base of tech-savvy consumers such as enhanced camera functionality, high end graphics, long battery life, etc.
- By Region: The report provides insight into the smartphone application processor market based on the regions namely North America, Asia Pacific, Europe, and the Rest of the World. North America held the major share of above 38% in the market owing to rise in the adoption of smartphones, advancements in technological to sustain the consumer demand for smartphones and the presence of leading manufacturers of smartphones in the region.
In Asia Pacific, China held almost 52% share in the market owing to the rise in spending, consistent advancement in smartphone technology and growing emphasis on powerful processors. Whereas, in Europe, Germany is expected to be the fastest growing region in the forecasted period.
Market Dynamics
Growth Drivers
- Increasing Number of Smartphone Users
- Rise in Consumer Spending
- Mounting Penetration of Internet Users
- Rapid Urbanization
- Supportive Government Initiatives
Challenges
- High Cost Associated with Development and Operations
- Performance And Heating Related Problems
- Constantly Changing Requirements of the Processors
Market Trends
- Growing Execution of Artificial Intelligence in Smartphones
- Accelerating Adoption of 5G Technology
- Escalating Penetration of Mobile E-Commerce
- Rising Trend of Connected IoT Devices
- Technological Advancements and Rapid Innovations
Competitive Landscape:
The global smartphone application processor market is concentrated, with few players occupying the majority of shares in the market.
The key players in the global smartphone application processor market are:
- Qualcomm Inc.
- MediaTek Inc.
- Apple Inc.
- 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 key players in the market for smartphone application processors are product launches, rapid innovations, acquisitions and collaborations. For instance, in April 2022, Samsung has introduced the Exynos 1280 SoC, a 5G mobile processor that powers some of the company's most recent mid-range smartphones, including the Galaxy A53 5G and Galaxy M33 5G. Whereas, in February 2021, QUALCOMM, one of the major chipmakers in the market, announced the launch of its Snapdragon X65 5G Modem to antenna solution, with support of around 10Gbps speeds on both non-standalone and standalone 5G networks.
For more information about this report visit https://www.researchandmarkets.com/r/gymqlo
