Industry Background:
Enlarged use of smartphones as gaming platforms and growing demand of application based processors for integration with artificial intelligence technology will help to fuel global application processor market. An application processor is a system on chip processor which used to support applications in operating system environments. There are various component of application processor including memory controller, graphics processing unit, and multimedia decoding units for the mobile environments and similarly other components for other environments.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Apple (United States), Samsung Electronics (South Korea), Qualcomm (United States), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Texas Instruments (United States), NVIDIA (United States), Toshiba (Japan), HiSilicon Technologies (China) and Spreadtrum Communications (China) |
According to AMA, the market for Application Processor is expected to register a CAGR of 5.63% during the forecast period to 2028. This growth is primarily driven by High Demand in Consumer Electronics Especially In Wearable Device and Rise in Penetration of Smartphones.
Globally, a noticeable market trend is evident High Adoption of Octa-Core Application Processors
The Application Software sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Apple (United States), Samsung Electronics (South Korea), Qualcomm (United States), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Texas Instruments (United States), NVIDIA (United States), Toshiba (Japan), HiSilicon Technologies (China) and Spreadtrum Communications (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Application Processor market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solution to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 19th March 2019, Qualcomm Technologies International, Ltd., a subsidiary of Qualcomm Incorporated has launched the new Qualcomm® QCS400 SoC series. It provides its unique high-performance, low-power compute capabilities together with its unrivaled legacy in audio technology to help deliver highly optimized, AI-enabled solutions that are designed for smarter audio and IoT applications.
On 25th February 2019, Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated has launched the Qualcomm® Snapdragon™ Mobile Platform with 5G integrated into a System-on-Chip (SoC). ). The Company builds on its 5G leadership with the Snapdragon X50 and X55 5G modems and RF front-end (RFFE) solutions by offering a newly integrated Snapdragon 5G mobile platform, which reinforces the Company’s role in providing the global mobile ecosystem with the flexibility and scalability needed for broad and fast 5G adoption.
Influencing Trend:
High Adoption of Octa-Core Application Processors and Growing Penetration in Automotive Industry
Market Growth Drivers:
High Demand in Consumer Electronics Especially In Wearable Device and Rise in Penetration of Smartphones
Challenges:
Intense Competition
Restraints:
Short Life Cycle of Consumer Electronic Products
Opportunities:
Growing Implementation of Artificial Intelligence in Mobile Devices and High demand for Connected Communication Devices in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Application Processor Market
- Analysis about New Entrants in Application Processor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Application Processor Study Sheds Light on
The Application Processor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Application Processor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Application Processor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.