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Application Processor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1404
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Market Overview:
The global application processor market size reached US$ 35.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
An application processor is a system on a chip (SoC) processor which is responsible for the optimal functioning of applications running in a mobile operating system. It is used in a variety of electronic devices including tablets, e-readers, smartphones, netbooks, gaming consoles and automotive navigation devices. With the support of an application processor, several applications can run in different operating systems such as Android, iOS, Windows CE or Symbian. It also has the capability of delivering specialties such as graphics processing unit, memory controller and multimedia decoding units. As the technology continues to evolve and become more data-centric, application processors have advanced from the first Intel 8086 processor to the latest 8th Gen Intel Core i7-8086K processor which can deliver up to 5 GHz.
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With the growing base of tech-savvy consumers, there has been a rise in the adoption of smartphones. This has led to an escalation in the demand for smartphones with high-end graphics. As a result, an increasing number of mobile phones are being produced with advanced application processors. Samsung has recently designed a new line of the premium application processor, Exynos 9 Series 9810, especially for artificial intelligence (AI) applications in smartphones, tablets, and other media devices. Moreover, the leading application processor companies are developing and updating their processors. For instance, Qualcomm has launched Snapdragon mobile application processors which offer benefits including fast charging, long battery life, enhanced camera functionality, immersive AR and VR experiences, superior connectivity, and the latest security solutions.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global application processor market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on device type and core type.
Breakup by Device Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Mobile Phones
- PC Tablets and E-Readers
- Smart Wearables
- Automotive ADAS and Infotainment Devices
Breakup by Core Type:
- Octa-Core
- Hexa-Core
- Quad-Core
- Dual-Core
- Single-Core
Breakup by Region:
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- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Qualcomm, Apple, Mediatek, Samsung Electronics, Xiaomi, Hisilicon Technologies, Spreadtrum Communications, NXP Semiconductors, Texas Instruments, Nvidia, Toshiba, Renesas Electronics, Ingenic Semiconductor, LG Electronics, Garmin, etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Device Type, Core Type, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Qualcomm, Apple, Mediatek, Samsung Electronics, Xiaomi, Hisilicon Technologies, Spreadtrum Communications, NXP Semiconductors, Texas Instruments, Nvidia, Toshiba, Renesas Electronics, Ingenic Semiconductor, LG Electronics and Garmin |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global application processor market was valued at US$ 35.2 Billion in 2022.
We expect the global application processor market to exhibit a CAGR of 3.8% during 2023-2028.
The growing number of tech-savvy consumers, along with the introduction of mobile application processors that offer several benefits, such as fast charging, long battery life, enhanced camera functionalities, etc., is primarily driving the global application processor market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous electronic industries, thereby negatively impacting the global market for application processor systems.
Based on the device type, the global application processor market has been segmented into mobile phones, PC tablets and e-readers, smart wearables, and automotive ADAS and infotainment devices. Among these, mobile phones currently hold the largest market share.
Based on the core type, the global application processor market can be bifurcated into octa-core, hexa-core, quad-core, dual-core, and single-core. Currently, quad-core exhibits a clear dominance in the market.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global application processor market include Qualcomm, Apple, Mediatek, Samsung Electronics, Xiaomi, Hisilicon Technologies, Spreadtrum Communications, NXP Semiconductors, Texas Instruments, Nvidia, Toshiba, Renesas Electronics, Ingenic Semiconductor, LG Electronics, Garmin, etc.
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