The global tablet and e-reader application processor market size is worth US$ 1.9 Billion in 2022. The market is projected to witness a healthy CAGR of 5% over the forecast period to arrive at a market valuation of US$ 4.1 Billion by 2032. The rapid growth of the market over the upcoming years can be credited to the launch of new tablets with new versions or previous version expansions.
The market for tablet and e-reader application processors is primarily being propelled by the rising demand for electronic items, including tablets and smartphones, owing to the inflating disposable incomes of the global population. For instance, as per the U.S. Census Bureau, the median household income of the regional population in 2021 amounted to USD 70,784, which increased by 1.2% from 2020.
Further, the sales of tablet and e-reader application processors are anticipated to rise owing to surging technological advancements over the course of the forecast period. For instance, in December 2018, Qualcomm announced the development of the Snapdragon 855 mobile system on a chip (SOP) with an aim to enhance the operating system.
The market for tablet and e-reader application processors is projected to progress over the forecast period owing to the rising adoption of navigation applications in automotive applications. The emerging demand for rugged tablets is surging for the GPS navigation application. The tablet equipped with a GPS receiver chipset offers the highest resolution location at rapid speed to Android and Windows OS, thus providing the tablet’s location at the most precise position.
Some of the major products commonly used for navigation applications include Panasonic Toughpad FZ-M1 rugged tablet (Intel Core m5-6Y57 vPro), Samsung Galaxy Tab Active 2 rugged tablet (Octa-core 1.6 GHz Cortex-A53), and Getac F110 rugged tablet (Intel Core i7-6600U 2.6GHz). Accelerating demand for rugged tablets from the transportation and automobile sector is predicted to expand the market size of the tablet and e-reader application processor.
The market is projected to witness continued growth over the upcoming years due to the increasing demand for tablets, thus boosting the demand for tablet application processors. Apple and Samsung are the major brands leading the market.
Attributes | Details |
---|---|
Tablet And e-Reader Application Processor Market Value (2022) | US$ 1.9 Billion |
Tablet And e-Reader Application Processor Market Forecast Value (2032) | US$ 4.1 Billion |
Tablet And e-Reader Application Processor Market CAGR (2022 to 2032) | 5% |
Application processor or APU is a chip in tablet, smart phone and other consumer electronics to run an operating system and applications associated with operating system, it means application processor is responsible for the processing been done in the tablet and e-reader.
It is also responsible to support other processing required to operate tablet and smart phones including graphic processing, memory management and coding decoding of multimedia. Implementation of application processor in tablets and smart phone make them more equivalent to computers as compare to early cell phones.
Application processor used in tablet and e-reader is the evolution of system on chip (SOC) movement started in early nineties. Application processor used in tablets and e-reader may be different from other specialized processor such as base band processor used in tablets and smart phones.
It is not necessary that every tablet and e-reader vendor need to manufacture their own application processor for their product, rather they can purchase some other vendor’s application processor and use them as original equipment manufacturer (OEM) components.
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Tablet and e-reader application processor market is moving towards more advanced processor with new technologies as 14nm FinFET process that brings new level of performance in tablets and e-reader along with compact size of device.
The key drivers responsible in the growth of tablet and e-reader application processor market include the high adoption rate of tablets and e-reader among consumers because of the advantageous features provided by these upgraded devices such as fast processing speed, new and latest applications enable user to substitute computer or laptop with smart phones and tablets and others.
On the contrary side, lack of awareness and presence of cheap quality products from Chinese market players are proving to be the key restraints hindering the growth of global tablet and e-reader application processor market.
Segmentation of tablet and e-reader application processor market is done on the basis of application, number of cores, size of data types get handled and Geography. On the basis of application, tablet and e-reader application processor market is segmented into tablets, e-reader and smart phones.
On the basis of number of cores, segmentation of tablet and e-reader application processor market is done as; Single core and multi core. Multi core application processor is again sub segmented into dual core, tri core, quad-core, hexa-core and octa-core.
Among all these multi-core, quad-core, octa-core are more popular sub-segments. On the basis of size of data handled by processor, global tablet and e-reader application processor market is segmented into two segments as 32 bit application processor and 64 bit application processor.
On the basis of Geography, segmentation of tablet and e-reader application processor market is done as; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).
Among which, Asia Pacific is having largest market share of tablet and e-reader application processor and North America is expected to be the second largest market of tablet and e-reader application processor & Asia Pacific is expected to maintain its leadership in the market of tablet and e-reader application processor during the forecasting period.
The key players of the tablet and e-reader application processor market are Qualcomm Inc., MediaTek Inc., Intel Technology India Pvt. Ltd, Samsung Electronics Co., Ltd., Fuzhou Rockchip Electronics Co., Ltd., Apple Inc., Texas Instruments Inc. and others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 5% through 2032.
The market is currently valued at US$ 1.9 Bn in 2022.
The market is likely to grow to a valuation of US$ 4.1 Bn by 2032.
North America is likely to be a leading market during the forecast period.
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