What is Application Processor Market?
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.
The market study is being classified, by Application (Smartphones, Tablet PCs, Laptops and Hybrid-ultramobiles and Gaming Consoles) and major geographies with country level break-up. According to AMA, the Global Application Processor market is expected to see growth rate of 5.63%
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Renesas Mobile Corporation (Japan), Huawei Technologies Co. Ltd (China) and Allwinner Technology (China).
Research Analyst at AMA predicts that United States and Chinese Players will contribute to the maximum growth of Global Application Processor market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Application Processor market by Type, Application and Region.
On the basis of geography, the market of Application Processor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand in Consumer Electronics Especially In Wearable Device
- Rise in Penetration of Smartphones
- High Adoption of Octa-Core Application Processors
- Growing Penetration in Automotive Industry
- Short Life Cycle of Consumer Electronic Products
- Growing Implementation of Artificial Intelligence in Mobile Devices
- High demand for Connected Communication Devices in Emerging Countries
Market Leaders and some development strategies
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.
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