[300 Pages Report] The global application processor market garnered US$ 26.2 Billion in 2021 and is likely to exhibit a Y-o-Y increase of 6.6% to be valued at US$ 27.93 Billion in 2022. Owing to the adoption of smartphones and advancements in technology, the market is likely to expand to US$ 53 Billion by 2032. Apple, Intel, Qualcomm, MediaTek, and Samsung LSI captured the top-five smartphone Application Processor revenue share rankings in 2021.
“Higher 5G penetration and rising demand for consumer electronic products, the multifunctional utility of mobile phones, and increasing adoption of artificial intelligence are expected to create opportunities for Application Processor market growth over the forecast period.”
| Attributes | Details |
|---|---|
| Global Application Processor Market CAGR (2022 to 2032) | 6.6% |
| Global Application Processor Market (2032) | US$ 53 Billion |
| Global Application Processor Market Attraction | Technological advancements and favorable government policies are helping key manufacturers to gain new grounds across the globe |
An application processor is a system-on-chip processor which has been in the market to support applications in operating system environments. The application processor has components like a memory controller, graphics processing unit, and multimedia decoding units for the mobile environments and similarly other components for other environments.
Recently it has been observed that the mobile phone application processor combines both SoC and SiP technology where the main processor comprises an array of functions from CPU, GPU, static RAM, and analog interface blocks.
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Many factors are driving the market for application processors, and one of the major factors is the high adoption of application processors in the industries like consumer electronics specifically 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 increased the sales of mobile application processors which are a part of the 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 restraints in the 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 personnel 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.
Besides, the costs associated with mobile application processor development and operations will test the mobile apps market in the upcoming years. Mobile apps are designed to enable user activities with technological support. However, with the swelling demand for mobile apps, there has been an augmented need for administrative support, maintenance support, and infrastructure services, among others. These events incur a higher price than that involved in application development cost.
Principal Consultant
The North American region is likely to capture lion’s share in the application processor segment, backed by the bolstering demand for smart wearables and increasing penetration of tablets. Several tech giants are making hefty investments in developing fast and powerful processors to support all types of gadgets, exhibiting a positive elevation in the growth trajectory. Across the region, Apple led the tablet AP market with a 62 percent revenue share, followed by Intel with 12 percent and Qualcomm with 10 percent.
In March 2022, Apple announced M1 Ultra, the next giant leap for Apple silicon and the Mac. Which featured UltraFusion - Apple’s innovative packaging architecture that interconnects the die of two M1 Max chips to create a system on a chip (SoC) with unique levels of performance and capabilities - M1 Ultra delivers breathtaking computing power to the new Mac Studio while maintaining industry-leading performance per watt. The new SoC consists of 114 billion transistors, the most ever in a personal computer chip. According to Future Market Insights, the demand for application processors is likely to expand at a CAGR of 6% by 2032 end.
With the consistent advancement in smartphone technology and growing emphasis on powerful processors, the APAC region is witnessing immense growth in the current scenario which is prospective to continue in the future nearby. Prominent players like Qualcomm and Samsung are working together to enhance the user experience of using a smart gadget by offering next-generation processors.
For instance, Qualcomm’s Snapdragon 8 Gen 1 flagship, the mobile platform created a market in the first quarter of 2022. The performance in Q1 2022 will be propelled by design wins in the Samsung Galaxy S22 series and launches in the Chinese New Year. With the announcement of 5G network connectivity in India, major OEMs are offering advanced processors with their products. The APAC market for application processors is projected to reflect a CAGR of 6.5% throughout the forecast period, reveals Future Market Insights report.
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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.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.6% from 2022 to 2032 |
| Market Value in 2022 | US$ 27.93 Billion |
| Market Value in 2032 | US$ 53 Billion |
| Base Year for Estimation | 2021 |
| Historical Data Available For | 2017-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global application processor market is estimated to grow at a CAGR of 6.6% from 2022 to 2032.
The Consumer Electronics Application Processor segment is likely to exhibit a 6.3% CAGR from 2022-to 2032.
The North American market is expected to be the most opportunistic, with an expected 6.0% CAGR from 2022 to 2032
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
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Device Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Device Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Device Type, 2022-2032
5.3.1. Mobile Phones
5.3.2. PC Tablets
5.3.3. Smart Wearables
5.3.4. Automotive ADAS & Infotainment Systems
5.4. Y-o-Y Growth Trend Analysis By Device Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Device Type, 2022-2032
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Core Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Core Type, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Core Type, 2022-2032
6.3.1. Single-core
6.3.2. Dual-core
6.3.3. Quad-core
6.3.4. Hexa-core
6.3.5. Octa-core
6.4. Y-o-Y Growth Trend Analysis By Core Type, 2017-2021
6.5. Absolute $ Opportunity Analysis By Core Type, 2022-2032
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Industry, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Industry, 2022-2032
7.3.1. Consumer Electronics
7.3.2. Automotive
7.4. Y-o-Y Growth Trend Analysis By Industry, 2017-2021
7.5. Absolute $ Opportunity Analysis By Industry, 2022-2032
8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Device Type
9.2.3. By Core Type
9.2.4. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Device Type
9.3.3. By Core Type
9.3.4. By Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Mexico
10.2.1.2. Brazil
10.2.1.3. Rest of Latin America
10.2.2. By Device Type
10.2.3. By Core Type
10.2.4. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Device Type
10.3.3. By Core Type
10.3.4. By Industry
10.4. Key Takeaways
11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Russia
11.2.1.8. Rest of Europe
11.2.2. By Device Type
11.2.3. By Core Type
11.2.4. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Device Type
11.3.3. By Core Type
11.3.4. By Industry
11.4. Key Takeaways
12. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Device Type
12.2.3. By Core Type
12.2.4. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Device Type
12.3.3. By Core Type
12.3.4. By Industry
12.4. Key Takeaways
13. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. ASEAN
13.2.1.3. Australia and New Zealand
13.2.1.4. Rest of South Asia & Pacific
13.2.2. By Device Type
13.2.3. By Core Type
13.2.4. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Device Type
13.3.3. By Core Type
13.3.4. By Industry
13.4. Key Takeaways
14. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. Turkey
14.2.1.3. South Africa
14.2.1.4. Rest of MEA
14.2.2. By Device Type
14.2.3. By Core Type
14.2.4. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Device Type
14.3.3. By Core Type
14.3.4. By Industry
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Device Type
15.1.2.2. By Core Type
15.1.2.3. By Industry
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Device Type
15.2.2.2. By Core Type
15.2.2.3. By Industry
15.3. Mexico
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Device Type
15.3.2.2. By Core Type
15.3.2.3. By Industry
15.4. Brazil
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Device Type
15.4.2.2. By Core Type
15.4.2.3. By Industry
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Device Type
15.5.2.2. By Core Type
15.5.2.3. By Industry
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Device Type
15.6.2.2. By Core Type
15.6.2.3. By Industry
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Device Type
15.7.2.2. By Core Type
15.7.2.3. By Industry
15.8. U.K.
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Device Type
15.8.2.2. By Core Type
15.8.2.3. By Industry
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Device Type
15.9.2.2. By Core Type
15.9.2.3. By Industry
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Device Type
15.10.2.2. By Core Type
15.10.2.3. By Industry
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Device Type
15.11.2.2. By Core Type
15.11.2.3. By Industry
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Device Type
15.12.2.2. By Core Type
15.12.2.3. By Industry
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Device Type
15.13.2.2. By Core Type
15.13.2.3. By Industry
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Device Type
15.14.2.2. By Core Type
15.14.2.3. By Industry
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Device Type
15.15.2.2. By Core Type
15.15.2.3. By Industry
15.16. ASEAN
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Device Type
15.16.2.2. By Core Type
15.16.2.3. By Industry
15.17. Australia and New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Device Type
15.17.2.2. By Core Type
15.17.2.3. By Industry
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Device Type
15.18.2.2. By Core Type
15.18.2.3. By Industry
15.19. Turkey
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Device Type
15.19.2.2. By Core Type
15.19.2.3. By Industry
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Device Type
15.20.2.2. By Core Type
15.20.2.3. By Industry
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Device Type
16.3.3. By Core Type
16.3.4. By Industry
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Apple, Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Samsung Electronics
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Qualcomm
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. MediaTek Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Intel Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Advanced Micro Devices, Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. NXP Semiconductors
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. NVIDIA Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Renesas Mobile Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Huawei Technologies Co. Ltd.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Texas Instruments
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Broadcom Corporation
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
17.1.13. Allwinner Technology
17.1.13.1. Overview
17.1.13.2. Product Portfolio
17.1.13.3. Profitability by Market Segments
17.1.13.4. Sales Footprint
17.1.13.5. Strategy Overview
17.1.13.5.1. Marketing Strategy
17.1.13.5.2. Product Strategy
17.1.13.5.3. Channel Strategy
17.1.14. HiSilicon Technologies
17.1.14.1. Overview
17.1.14.2. Product Portfolio
17.1.14.3. Profitability by Market Segments
17.1.14.4. Sales Footprint
17.1.14.5. Strategy Overview
17.1.14.5.1. Marketing Strategy
17.1.14.5.2. Product Strategy
17.1.14.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Application Processor Market
