Market HighlightsVarious factors contributing to the ascension of the global smartphone application processor market include growing demand for such application processors owing to the advancements in the graphics processing unit (GPU) and other complex processing techniques. Further, the development of octa-core processors has enhanced the performance of mobile devices through the rationalization of multitasking processes.
Upscaling penetration of smartphones is another significant factor contributing to the ascension of the global smartphone application processors market. In addition, a fast-paced rise in the emergence of urbanization in different developing economies across the globe is pushing the adoption of smartphones.
A mobile application processor is system on chip processor designed to support applications for mobile operating system environment. One of the major factors for the growth of mobile application processor is the growing demand for application processors. Another major factor contributing in the growth of the market is the increase in penetration of smartphones. The global smartphone application processor market is expected to ascend at approximately 11% CAGR, reaching a revenue valuation of USD 18 billion by the end of the forecast period.
Also Read: [FURL]http://www.marketwatch.com/story/smartphone-application-processor-market-progress-dictated-by-rising-popularity-of-soc-2020-04-10 /[/FURL]
Detailed Regional Analysis
On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world. Among all the regions, the market is dominated by North America providing smartphone application processor for laptops, desktops, and portable storage devices for laptops, desktops, and portable storage. These vendors comprise a large market of storage device manufacturers. Among these regions, the market was led by North America due to advancements in smartphone applications and its specifications. One of the major vendors, Qualcomm leads the smartphone application processor market hails from the United States in North America. One of the major factors contributing to the growth of smartphone application processor market is the advancement in SoC integration.
Segmentation:
The global [FURL=https://www.marketresearchfuture.com/reports/smartphone-application-processor-market-5935/]smartphone application processor market forecast[/FURL] is studied for different segments based on type, operating system, components, application, and region. Based on type, the global smartphone application processor market is segmented into an integrated smartphone application processor, stand-alone smartphone application processor, 64-bit smartphone application processor, and 32-bit smartphone application processor. Based on operating system, the global smartphone application processor market is segmented into android and iOS. Based on components, the global smartphone application processor market is segmented into ARM cores, cache memories, graphical processing units (GPU), audio & video decoders, and memory controllers.