Smartphone Application Processor Market Report Overview
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The global smartphone application processor market size was USD 12825.1 million in 2021 and is projected to touch USD 26722.8 million by 2031, CAGR of 7.62% from 2021 to 2031.
A central processing unit (CPU) particularly created for use in portable devices like smartphones and tablets is known as a smartphone application processor (MAP). It is in charge of carrying out the majority of the operations necessary to run a smartphone or tablet, including as running the operating system, running apps, and managing communication between the device's different hardware parts. Any smartphone or tablet must include an application processor since it is in charge of controlling the different hardware parts and making sure they all function properly. Additionally, it manages functions including data processing, graphics rendering, and power management. Application processors come in a wide range of varieties, each with an own set of features and functionalities. While some processors are more powerful and appropriate for usage in entry-level devices, others are more basic and made for use in high-end devices. These advanced capabilities include support for virtual reality (VR) and augmented reality (AR) apps.
The market for smartphone application processors is a fiercely competitive and quickly developing sector, propelled by the rising popularity of mobile devices like smartphones and tablets. Although a small number of major manufacturers control the majority of the industry, numerous smaller businesses also design and manufacture application processors for mobile devices. Manufacturers regularly innovate and release new products with increased features and capabilities in order to fulfil the rising demand for application processors. The utilization of cutting-edge manufacturing methods like photolithography, the adoption of novel materials and technologies like 5G and artificial intelligence (AI), and the creation of more potent and energy-efficient processors are a few of the important trends in the smartphone application processor industry. Therefore, it is anticipated that the smartphone application processor market size will expand over the upcoming years, propelled by rising demand for mobile devices as well as ongoing technical advancements.
COVID-19 Impact: International Supply Chains Distribution And Manufacturing Of Mobile Devices Have Generally Been Impacted By The Pandemic
The smartphone application processor market has been significantly impacted by the COVID-19 outbreak. Global supply networks, as well as the manufacturing and distribution of mobile devices, including as smartphones and tablets, have all been impacted by the pandemic. The pandemic's major effects on the smartphone application processor market are a decline in mobile device manufacturing and distribution. Due to lockdowns and other precautions taken to stop the spread of the virus, several industries and production facilities had to close or operate at a reduced capacity. Due to the lack of mobile devices in some areas, the demand for application processors and other components has been impacted. Additionally, consumer spending and the demand for mobile devices have also been impacted by the pandemic. Due to the economic depression brought on by the pandemic, many people have lost their jobs or seen their salaries decline, which has resulted in a decline in the desire for luxuries like smartphones and tablets.
Latest Trends
"Utilizing Cutting-Edge Manufacturing Techniques Like Photolithography Is A Significant Market Development"
A vital manufacturing method utilised in the creation of application processors and other microelectronic devices is photolithography. A photosensitive material is used to produce the small circuits and parts that make up an application processor by transferring patterns onto it using light. This method enables for the very precise and accurate fabrication of extremely small and complicated devices. The market for smartphone application processors is seeing innovation due to the use of new materials and technologies like 5G and AI. The newest and most sophisticated mobile networking technology is known as 5G, or fifth generation, and it is predicted to significantly enhance speed, capacity, and latency. The application of machine learning and other cutting-edge algorithms in AI, on the other hand, enables computers to carry out activities that would typically need human intellect. In order to improve their functionality and performance, these technologies are being incorporated into application processors and other mobile device components.
Smartphone Application Processor Market SEGMENTATION
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- By type
Depending on smartphone application processor given are types: Android, iOS. The Android type will capture the maximum market share through 2031.
- By Application
The market is divided in Gaming, Photo and Video Editing Camera based on application. The global smartphone application processor market players in cover segment like Gaming will dominate the market share during 2021-2031.
Driving Factors
"Mobile Gaming To Drive The Growth In The Market For Application Processors In Smartphones"
One of the major drivers propelling the expansion of the smartphone application processor market growth is mobile gaming. In recent years, the popularity of mobile gaming has skyrocketed, and this trend is anticipated to continue in the years to come. By 2021, the global market for mobile gaming is predicted to generate more than $100 billion in sales. Numerous causes, such as the rising popularity of smartphones and tablets, the rising standard of mobile games, and the accessibility of inexpensive data plans, are responsible for this increase. Manufacturers are continually releasing new and better devices with cutting-edge features and capabilities to fulfil the rising demand for mobile gaming. In order to perform the most recent and demanding mobile games, these devices need CPUs that are strong and efficient with energy. As a result, manufacturers are working to create processors that can manage the demands of mobile gaming while still being energy-efficient, which is fueling the growth of the smartphone application processor market. The market for smartphone application processors is expanding, and one of the main drivers of that development is the rising popularity of mobile gaming, which is predicted to keep growing in the years to come.
"Growing Use Of Smartphones And Tablets To Fuel Market Expansion"
One of the key reasons propelling the smartphone application processor market growth is the rising popularity of smartphones and tablets. The demand for application processors and other parts required to run these devices will rise in direct proportion to the number of people using them throughout the world. The rising use of smartphones and tablets is caused by a number of causes. The expanding popularity of using these devices for a variety of purposes, including gaming, entertainment, education, and business, is one of the key contributing causes. In addition, a larger spectrum of customers now have easier access to mobile devices, particularly in emerging nations, thanks to their declining pricing and the availability of inexpensive data plans. The industry's ongoing innovation and technical improvement are also contributing to the rising usage of smartphones and tablets. Consumers find these gadgets more tempting as a result of manufacturers regularly releasing new and enhanced models with enhanced features and capabilities. Nevertheless, it is anticipated that the smartphone application processor market will expand over the upcoming years, propelled by rising demand for mobile devices as well as ongoing technical advancements.
Restraining Factors
"The Market For Smartphone Application Processors May Be Constrained By Fierce Competition"
Prices are continually being lowered by businesses in an effort to remain competitive, which results in price wars. As a result of having to offer their goods for ever-lower prices in order to compete, businesses may experience margin erosion. Margin erosion may have an effect on a company's profitability since it may prevent them from making enough money to pay their costs and keep a profit. For businesses participating in the smartphone application processor industry, fierce competition might have additional detrimental effects. For instance, it could cause a drop in product quality as businesses are driven to make cost-saving compromises to remain competitive. Additionally, as businesses would have to pay more to draw in and keep consumers, it might result in higher marketing and sales costs. One of the main things that might cause price wars and margin erosion in the market for smartphone application processors is intense competition. With so many businesses striving for market share, the market is very competitive. Due to the fierce rivalry, businesses may start price wars in an effort to acquire clients and expand their market share.
Smartphone Application Processor Market Regional Insights
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"Increasing Demand For Mobile Devices, Ongoing Innovation, And Technical Improvement Will Allow North America To Dominate The Industry"
The smartphone application processor market share in North America is a sizeable market for mobile device parts and is distinguished by a high degree of innovation and technical development. Although a small number of major manufacturers control the majority of the industry, numerous smaller businesses also design and manufacture application processors for mobile devices. The market for smartphone application processors in North America is expanding as a result of many causes. The increased popularity of using smartphones and tablets for a variety of purposes, including gaming, entertainment, education, and business, is one of the key contributing causes. Additionally, a larger range of customers in the area now have easier access to mobile devices because to the availability of reasonable data plans and the decline in the cost of mobile devices.
The need for mobile devices like smartphones and tablets is fueling the rapid growth and intense competition in the Asia Pacific smartphone application processor market share. Although a small number of major manufacturers control the majority of the industry, numerous smaller businesses also design and manufacture application processors for mobile devices. The Asia Pacific smartphone application processor market is expanding as a result of many causes. The rising use of smartphones and tablets in developing nations like China and India, where there is a rising need for cost-effective yet high-quality mobile devices, is one of the key contributing causes. Growth in the area is also being fueled by the expanding trend of using smartphones and tablets for a variety of purposes, including gaming, entertainment, education, and business.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Renesas Mobile Corporation (Japan)
- Advanced Micro Devices, Inc (U.S.)
- MediaTek Inc (Taiwan)
- Nvidia Corporation (U.S.)
- Broadcom Corporation (U.S.)
- Texas Instruments (U.S.)
- Huawei Technologies Co., Ltd (China)
- Samsung Electronics (South Korea)
- Intel Corporation (U.S.)
- Apple, Inc (U.S.)
- Allwinner Technology (China)
- Qualcomm (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 12825.1 Million in 2021 |
Market Size Value By |
US$ 26722.8 Million by 2031 |
Growth Rate |
CAGR of 7.62% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global smartphone application processor market expected to touch by 2031?
The global smartphone application processor market is expected to touch USD 26722.8 million by 2031.
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What CAGR is the smartphone application processor market expected to exhibit during 2021-2031?
The smartphone application processor market is expected to exhibit a CAGR of 7.62% over 2021-2031.
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Which are the driving factors of the smartphone application processor market?
Mobile gaming and growing use of smartphones and tablets are the driving factors of the smartphone application processor market.
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Which are the top companies operating in the smartphone application processor market?
Renesas Mobile Corporation, Advanced Micro Devices, Inc, MediaTek Inc , Nvidia Corporation are some of the top companies operating in the smartphone application processor market.