Application Processor Market by Device Type (Mobile Phones, PC Tablets, Smart Wearables, and Automotive ADAS & Infotainment Systems), Core Type (Octa-core, Hexa-core, Quad-core, Dual-core, and Single-core), Industry, and Geography - Global Forecast to 2023
The application processor market is expected to be worth USD 29.0 billion by 2018 and reach USD 38.2 billion by 2023, at a CAGR of 5.63% from 2018 to 2023. The study involved 4 major activities to estimate the current market size for application processors. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include application processor journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the application processor market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information as well as verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the application processor market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall application processor market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides, in consumer electronics and automotive industries.
Report Objectives
The following are the major objectives of the study.
- To define, describe, and forecast the overall market in terms of value and volume
- To define, describe, and forecast the market, in terms of value, based on core type, device type, industry, and region
- To forecast the size of the application processor market for various segments with respect to 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the application processor market and its submarkets
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To identify key players in the market and comprehensively analyze their market ranking and core competencies
- To analyze strategic developments such as product launches, partnerships, expansions, and contracts in the application processor market
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2015-2023 |
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Base year considered |
2017 |
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Forecast period |
2018-2023 |
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Forecast units |
Value (USD) and Volume (Billion Units) |
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Segments covered |
Core Type, Device Type, Industry, and Region |
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Geographies covered |
North America, APAC, Europe and RoW |
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Companies covered |
Qualcomm (US), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Apple (US), Samsung Electronics (South Korea). |
This research report categorizes the application processor market based on core type, device type, industry, and region.
Application Processor Market, by Core Type
- Single-core
- Dual-core
- Quad-core
- Hexa-core
- Octa-core
Application Processor Market, by Device Type
- Mobile Phones
- PC Tablets & E-readers
- Smart Wearables
- Automotive ADAS & Infotainment Devices
Application Processor Market, by Industry
- Consumer Electronics
- Automotive
Application Processor Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Russia, Italy, and Rest of Europe)
- APAC (China, Japan, India, South Korea, Vietnam, Indonesia, and Rest of APAC)
- RoW (South America, and the Middle East and Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
The application processor market is expected to be valued at USD 29.0 billion in 2018 and is likely to reach USD 38.2 billion by 2023, at a CAGR of 5.63% during the forecast period. High demand for application processors from the consumer electronics industry is one of the major factors driving the growth of the market. Moreover, these processors are also increasingly being used in the automotive industry in automotive infotainment systems and ADAS systems; this factor is also expected to considerably boost the growth of the said market in the coming years.
By core type, octa-core application processor segment expected to account for largest market share during forecast period
In this report, by core type, the application processor market has been segmented into octa-core, hexa-core, quad-core, dual-core, and single-core. Among all, octa-core application processors are expected to hold the largest share of the market throughout the forecast period. This can be attributed to the high adoption of these processors in mobile phones.
By device type, smart wearables expected to grow at highest CAGR during forecast period
The application processor market for smart wearables is expected to witness significant growth during the forecast period. A growing demand for smart wearables, especially smartwatches, is boosting the growth of the said market. Rising concern among consumers toward increasing productivity and fitness is one of the prime factors accelerating the demand for smartwatches.
APAC expected to account for largest market share during forecast period
APAC is expected to account for the largest share of application processor market during the forecast period. The market in this region is also expected to witness a significant growth during 2018-2023. High adoption of application processors in China has led to the dominant market position (in terms of share) of APAC. This is due to the presence of manufacturing plants of a number of leading consumer electronics companies in China. Apple (US), Lenovo (Hong Kong), Huawei (China), Samsung Electronics (South Korea), and OPPO (China) are some of such players.
Key players in the application processor market include Apple (US), Samsung Electronics (South Korea), Qualcomm (US), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Texas Instruments (US), NVIDIA (US), and HiSilicon Technologies (China). Being one of the veteran players in the market, Qualcomm is a well-known and trusted company. It offers various application processors and is further enhancing its product portfolio by launching products. For bringing new products to the market, Qualcomm spends significantly on R&D. Besides product launches, partnerships and agreements were other key strategies adopted by the company to strengthen its position in the market. Qualcomm’s expansive geographic presence, with 175 offices located worldwide, is another factor helping it attain a prominent position in the market.
Recent Developments
- In May 2018, Qualcomm announced the launch of its new mobile platform, Snapdragon 710. This product is built on 10nm process technology and has a multi-core AI Engine, making it ideal for supporting AI applications in smartphones.
- In May 2018, MediaTek expanded its Helio P series with the launch of MediaTek Helio P22 chipset. Built using advanced 12nm process, it supports AI applications, dual-camera, and better connectivity in smart devices.
- In March 2018, Samsung Electronics announced the availability of Exynos 7 Series 9610, a new application processor. This product is built on Samsung’s 10 nm FinFET process, and enhances multimedia experience in high-end smartphones with premium-level features.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of application processors?
- How advancements in the consumer electronics industry are influencing the market?
- Which core type application processor is expected to penetrate significantly in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Growth Opportunities in Application Processor Market
4.2 Market Volume
4.3 Market, By Device Type
4.4 Market in APAC, By Country and Industry
4.5 Market, By Core Type
4.6 Market, By Country (2018)
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand for Application Processors in Smartphone Industry
5.2.1.2 High Adoption of Octa-Core Application Processors
5.2.1.3 Increasing Penetration of Application Processors in Automotive Industry
5.2.2 Opportunities
5.2.2.1 Increasing Implementation of Artificial Intelligence in Mobile Devices
5.2.2.2 Growing Demand for Connected Communication Devices in Developing Countries
5.2.3 Challenges
5.2.3.1 Intense Competition
5.2.3.2 Short Life Cycle of Consumer Electronic Products
5.3 Value Chain Analysis
6 Market, By Device Type (Page No. - 37)
6.1 Introduction
6.2 Mobile Phones
6.2.1 Applications in Smartphones Will Drive Octa-Core Application Processors Market During Forecast Period
6.3 PC Tablets and E-Readers
6.3.1 Demand for Dual-Core Application Processors is Decreasing Due to Rising Penetration of Quad-Core Application Processors
6.4 Smart Wearables
6.4.1 Dual-Core Application Processors are Most Commonly Used Processors in Smart Wearables
6.5 Automotive ADAS and Infotainment Devices
6.5.1 Penetration of Quad-Core Application Processors is Expected to Rise in Automotive ADAS and Infotainment Devices During Forecast Period
7 Market, By Core Type (Page No. - 44)
7.1 Introduction
7.2 Octa-Core
7.2.1 Mobile Phones is Major Application Area for Octa-Core Application Processors
7.3 Hexa-Core
7.3.1 Iphones Driving the Growth of Hexa-Core Market
7.4 Quad-Core
7.4.1 Mobile Phones and PC Tablets are Major Application Areas of Quad-Core Application Processors
7.5 Dual-Core
7.5.1 Rising Demand for Dual-Core Application Processors in Smart Wearables to Boost Growth of Market During Forecast Period
7.6 Single-Core
7.6.1 Feature Phones is One of the Major Application Areas of Single-Core Application Processors
8 Market, By Industry (Page No. - 51)
8.1 Introduction
8.2 Consumer Electronics
8.2.1 Mobile Phone Segment Dominates in market for Consumer Electronics Industry
8.3 Automotive
8.3.1 Growind Demand for ADAS Boosting the Growth of market for Automotive Industry
9 Geographic Analysis (Page No. - 56)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Automotive Industry to Boost the Growth of Market in the US
9.2.2 Canada
9.2.2.1 Increasing Safety Awareness Among Consumers and Rising Demand for Safe, Efficient, and Convenient Driving Experience to Positively Impact Market in Canada
9.2.3 Mexico
9.2.3.1 Mexico’s Automotive Industry is Growing Due to the Availability of Cheap Labor and Lenient Restrictions on Manufacturing and Licensing Operations
9.3 Europe
9.3.1 in 2017 Germany and Russia Dominated the Market in Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Presence of Manufacturing Plants of A Number of Leading Consumer Electronics Companies Creates High Demand for Application Processors in China
9.4.2 Japan
9.4.2.1 Rising Requirement for ADAS is Expected to Drive the Growth of market in Japan
9.4.3 India
9.4.3.1 Growing Number of Mobile Phone Manufacturers Setting Up Manufacturing Facilities in India is Boosting the Growth of market in India
9.4.4 South Korea
9.4.4.1 Consumer Electronics Industry to Dominate the market in South Korea During the Forecast Period
9.4.5 Vietnam
9.4.5.1 Vietnam has Thriving Consumer Electronics Industry That Witnesses High Demand for Application Processors for Mobile Phone Manufacturing
9.4.6 Indonesia
9.4.6.1 The Market in Indonesia is Dominated By the Consumer Electronics Industry
9.4.7 Rest of APAC
9.5 Rest of the World
10 Competitive Landscape (Page No. - 72)
10.1 Overview
10.2 Market Ranking Analysis: Application Processor Market
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Agreements and Partnerships
10.3.3 Expansions
11 Company Profiles (Page No. - 76)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Key Players
11.1.1 Qualcomm
11.1.2 Apple
11.1.3 Mediatek
11.1.4 Samsung Electronics
11.1.5 Xiaomi
11.1.6 Hisilicon Technologies
11.1.7 Spreadtrum Communications
11.1.8 NXP Semiconductors
11.1.9 Texas Instruments
11.1.10 Nvidia
11.2 Other Companies
11.2.1 Toshiba
11.2.2 Renesas Electronics
11.2.3 Ingenic Semiconductor
11.2.4 LG Electronics
11.2.5 Garmin
11.2.6 Fossil
11.2.7 Lenovo
11.2.8 Oppo Electronics
11.2.9 Embitel
11.2.10 Nokia
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 106)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (35 Tables)
Table 1 Application Processor Market, By Device Type, 2015–2023 (USD Billion)
Table 2 Market for Mobile Phones, By Core Type, 2015–2023 (USD Billion)
Table 3 Market for PC Tablets and E-Readers, By Core Type, 2015–2023 (USD Million)
Table 4 Market for Smart Wearables, By Core Type, 2015–2023 (USD Million)
Table 5 Market for Automotive ADAS and Infotainment Devices, By Core Type, 2015–2023 (USD Million)
Table 6 Market, By Core-Type, 2015–2023 (USD Billion)
Table 7 Octa-Core Market, By Device Type, 2015–2023 (USD Million)
Table 8 Hexa-Core Market, By Device Type, 2015–2023 (USD Million)
Table 9 Quad-Core Market, By Device Type, 2015–2023 (USD Million)
Table 10 Dual-Core Market, By Device Type, 2015–2023 (USD Million)
Table 11 Single-Core Market, By Device Type, 2015–2023 (USD Million)
Table 12 Market, By Industry, 2015–2023 (USD Billion)
Table 13 Market for Consumer Electronics Industry, By Region, 2015–2023 (USD Million)
Table 14 Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 15 Market, By Region, 2015–2023 (USD Billion)
Table 16 Market in North America, By Country, 2015–2023 (USD Million)
Table 17 Market in North America, By Industry, 2015–2023 (USD Million)
Table 18 Market in US, By Industry, 2015–2023 (USD Million)
Table 19 Market in Canada, By Industry, 2015–2023 (USD Million)
Table 20 Market in Mexico, By Industry, 2015–2023 (USD Million)
Table 21 Market in Europe, By Country, 2015–2023 (USD Million)
Table 22 Market in Europe, By Industry, 2015–2023 (USD Million)
Table 23 Market in APAC, By Country, 2015–2023 (USD Million)
Table 24 Market in APAC, By Industry, 2015–2023 (USD Million)
Table 25 Market in China, By Industry, 2015–2023 (USD Million)
Table 26 Market in Japan, By Industry, 2015–2023 (USD Million)
Table 27 Market in India, By Industry, 2015–2023 (USD Million)
Table 28 Market in South Korea, By Industry, 2015–2023 (USD Million)
Table 29 Market in Vietnam, By Industry, 2015–2023 (USD Million)
Table 30 Market in Indonesia, By Industry, 2015–2023 (USD Million)
Table 31 Market in Rest of APAC, By Industry, 2015–2023 (USD Million)
Table 32 Market in RoW, By Region, 2015–2023 (USD Million)
Table 33 Product Launches, 2018
Table 34 Agreements and Partnerships, 2017–2018
Table 35 Expansions, 2017–2018
List of Figures (39 Figures)
Figure 1 Market Segmentation
Figure 2 Process Flow: Market Size Estimation
Figure 3 Application Processor Market: Research Design
Figure 4 Data Triangulation
Figure 5 Market (2015–2023)
Figure 6 Mobile Phones to Dominate Market During Forecast Period
Figure 7 Octa-Core Application Processors to Hold Largest Size of Market Throughout Forcast Period
Figure 8 Market, By Industry (2018 vs 2023): Consumer Electronics Industry to Hold Larger Market Share Than Automotive Industry Throughout Forecast Period
Figure 9 APAC Accounted for Largest Share of market in 2017
Figure 10 Increasing Demand for Application Processor in APAC Driving Market Growth
Figure 11 Market (Billion Units)
Figure 12 Market for Smart Wearables to Grow at Highest CAGR During Forecast Period
Figure 13 Consumer Electronics Industry to Hold Largest Share of Market in APAC By 2023
Figure 14 Dual-Core Market to Grow at Highest CAGR From 2018 to 2023
Figure 15 China to Hold Largest Share of market in 2018
Figure 16 High Demand for Application Processors From Smartphone Industry Drives market
Figure 17 Global Smartphone Shipments, 2014–2017 (Billion Units)
Figure 18 Value Chain Analysis: Major Value Addition During Application Processor Manufacturing Stage
Figure 19 Market, By Device Type
Figure 20 Smart Wearables Segment to Witness Highest Growth in Market During Forecast Period
Figure 21 Dual-Core Processors to Hold Largest Share of Market for Automotive ADAS and Infotainment Devices By 2023
Figure 22 Market, By Core-Type
Figure 23 Octa-Core Processors to Hold Largest Share of Market By 2023
Figure 24 Mobile Phones to Hold Largest Share of Dual-Core Market By 2023
Figure 25 Market, By Industry
Figure 26 Consumer Electronics Industry to Hold Largest Share of Market By 2023
Figure 27 Market for Automotive Industry in North America to Witness Highest Growth During Forecast Period
Figure 28 Geographic Snapshot (2018–2023): Market in India to Witness Highest Growth During Forecast Period
Figure 29 Snapshot of Market in North America
Figure 30 Snapshot of Market in Europe
Figure 31 Snapshot of Market in Asia Pacific
Figure 32 Market Ranking of Key Players in market, 2017
Figure 33 Qualcomm: Company Snapshot
Figure 34 Apple: Company Snapshot
Figure 35 Mediatek: Company Snapshot
Figure 36 Samsung Electronics: Company Snapshot
Figure 37 NXP Semiconductors: Company Snapshot
Figure 38 Texas Instruments: Company Snapshot
Figure 39 Nvidia: Company Snapshot
Growth opportunities and latent adjacency in Application Processor Market