Market Research Report
Global Application Processor Market Size study, by Device Type, Industry, Core Type and Regional Forecasts 2021-2027
|Global Application Processor Market Size study, by Device Type, Industry, Core Type and Regional Forecasts 2021-2027|
Published: September 7, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Application Processor Market is valued approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2021-2027. Application processor is considered as a chip (SoC) processor system which is required for the optimal functioning of mobile operating applications. It is operated in various electronic devices such as tablets, e-readers, netbooks, automotive navigation devices, smartphones, and others. The global Application Processor market is driven by increasing growth of smartphone market due to need for connected communication devices. For instance, according to the Statista, the share of population using a smartphone has been increasing rapidly from 38% in 2018 to 46.5% in 2020. The market growth is also to be driven by the introduction of new processors by the large companies. For instance, in April 2021, Allwinner Technology launched D1 processor, equipped with T-Head Xuantie 906 based on RISC-V. Also, in August 2021, Google announced to design processors in-house, 'Tensor' for Pixel 6 and Pixel 6 Pro phones. However, presence of counterfeit products hampers the growth of the market over the forecast period of 2021-2027. Furthermore, rising demand for consumer electronic products, technological advancements, increasing demand for mobile applications for various uses and increasing adoption of artificial intelligence are expected to create opportunity for Application Processor market growth over the forecast period.
The geographical analysis of the global Application Processor market is studied for major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share owing to presence of large tech-savvy consumer base, increased sales of smartphones in the region, presence of manufacturing plants of leading consumer electronics companies and increasing demand for mobile applications in the region.
Major market player included in this report are:
Qualcomm Technologies, Inc
Samsung Electronics Co., Ltd.
Texas Instruments Incorporated
HiSilicon Technologies (Shanghai) Technologies Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Device Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Automotive ADAS & Infotainment Systems
By Core Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Application Processor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures