Application Processor Market to Reach USD47.28 Billion By 2026
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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