The market for application processors generated US$ 26.2 billion in 2021 and is anticipated to grow 6.6% year over year to reach US$ 27.93 billion in 2022. Due to smartphone penetration and technological developments, the market is anticipated to reach US$ 53 billion by 2032. In terms of revenue share, the top five smartphone application processors in 2021 were Apple, Intel, Qualcomm, MediaTek, and Samsung LSI.
“During the projected period, possibilities for growth in the Application Processor market are anticipated to arise from more 5G penetration and rising demand for consumer electronics items, the multifunctional utility of mobile phones, and increasing usage of artificial intelligence.”
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Application Processor Market: Drivers and Challenges
There are many factors driving the market for application processor, from which one of the major factor is the high adoption of application processors in the industries like consumer electronics specifically in the wearable devices and also in other industries for its use in applications like automotive ADAS and the infotainment systems.
This has been the major driver for the application processor market and has led to the strong growth of the market. Also, the increase in penetration of smartphones has also increased the sales of mobile application processors which is a part of application processor market. This has also been a driving factor for the application processor market and has led to the fast growth of the market.
Some of the restraint for application processor market have been related to the development of application processors in the market. There have been problems regarding the development of the application processor which needs skilled personals for its development.
This has been a restraining factor for the application processor market as the processors take time to reach the end user which slows down the process cycle of the application process market leading to slow growth.
Who are the Key Players in the Global Application Processor Market?
Some of the key players in the Application Processor market are
- Apple, Inc.,
- Samsung Electronics, Qualcomm,
- MediaTek Inc.,
- Intel Corporation,
- Advanced Micro Devices, Inc.,
- NXP Semiconductors,
- NVIDIA Corporation,
- Renesas Mobile Corporation,
- Huawei Technologies Co. Ltd.,
- Texas Instruments,
Broadcom Corporation, Allwinner Technology, and HiSilicon Technologies among others.
- In January 2022, Nvidia’s deal to acquire Apple’s strategically important supplier, Arm went on hold. Nvidia has been attempting to purchase Arm at a cost of around $40 billion, but the plan has upset regulators worldwide. They are concerned that the purchase puts Nvidia in a position to harm competitors and hinder future technology development.
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Key Segments Covered in the Application Processor Industry Survey
Application Processor Market by Device Type:
- Mobile Phones Application Processor
- PC Tablets Application Processor
- Smart Wearables Application Processor
- Automotive ADAS & Infotainment Systems Application Processor
Application Processor Market by Core Type:
- Single-core Application Processor
- Dual-core Application Processor
- Quad-core Application Processor
- Hexa-core Application Processor
- Octa-core Application Processor
Application Processor Market by Industry:
- Application Processor for Consumer Electronics
- Application Processor for Automotive
Application Processor by Region:
- North America Application Processor Market
- Europe Application Processor Market
- Asia-Pacific Application Processor Market
- Middle East & Africa Application Processor Market
- Latin America Application Processor Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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