Application Processor Market 2021-2026: Global Size, Business Growth, Industry Top Companies Share, Demand, Trend, Revenue, and Forecast
According to the latest report by IMARC Group, titled “Application Processor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global application processor market reached a value of US$ 31.9 Billion in 2020. Looking forward, IMARC Group expects the global application processor market to reach a value of US$ 41.70 Billion by 2026, exhibiting a CAGR of 4.60% during 2021-2026. Application processors refer to the system on a chip (SoC) processors which are utilized for supporting the applications running on a mobile operating system. These processors may or may not be independent of other processors present in the mobile device. They offer a self-contained operating environment that assists in the delivery of all system capabilities. They are also required to support applications which may include graphics processing, along with memory and multimedia management. Several applications, with the help of these processors, can be easily run on various operating system environments, including iOS, Android, or Windows CE.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Application Processor Market Trends:
Owing to the rapid urbanization and increasing penetration of the Internet, smartphones and related devices have emerged as an integral part of the modern-day lifestyle. This, along with the increase in the number of tech-savvy consumers and rising disposable incomes, is one of the primary factors driving the mobile application processor market. Furthermore, the rising consumer expenditure capacity has resulted in an increased demand for variants with high-end graphics, which has propelled the sales of advanced application processors. Moreover, continuous technological advancements in the market, especially in the graphics processing unit (GPU), is another factor driving the growth of the market. For instance, Qualcomm, an American multinational semiconductor and telecommunications equipment company, is investing significantly to develop advanced processor variants to offer an efficiently connected, intelligent and interactive experience.
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Insights on Market Segmentation:
Some of the top key players include in market are:
- Qualcomm Incorporated
- Apple Inc., MediaTek Inc.
- Samsung Electronics
- Xiaomi Corporation
- HiSilicon Technologies Co. Ltd.
- Spreadtrum Communications, Inc.
- NXP Semiconductors N.V.
- Texas Instruments Incorporated
- Nvidia Corporation
- Toshiba Corporation
- Renesas Electronics Corporation
- Ingenic Semiconductor Co., Ltd.
- LG Electronics Inc.,
- Garmin Ltd.
Market Breakup by Device Type:
- Mobile Phones
- PC Tablets and E-Readers
- Smart Wearables
- Automotive ADAS and Infotainment Devices
Market Breakup by Core Type:
- Octa-Core
- Hexa-Core
- Quad-Core
- Dual-Core
- Single-Core
Market Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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