Global Smartphone Processor Market Size, Forecasts, And Opportunities
Learn about the global smartphone processor market through The Business Research Company, which provides information on smartphone processor market size, smartphone processor market drivers and restraints, smartphone processor market players, the COVID-19 impact on the smartphone processor market, and more.
The global smartphone processor market is expected to grow from $13.36 billion in 2020 to $14.95 billion in 2021 at a compound annual growth rate (CAGR) of 11.9%. The growth in the smartphone processor market is mainly due to the growing adoption of smartphones, rapid increase in urbanization, increasing purchasing power of consumers, growing demand for application processors, and advancements in graphics processing unit (GPU). The market is expected to reach $22.44 billion in 2025 at a CAGR of 10.7%.
The growing adoption of smartphones around the globe is expected to drive innovation in smartphone processor manufacturing, thus driving the market during the forecast period.
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The smartphone processor market consists of the sales of smartphone processors by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing smartphone processors. A smartphone processor is also known as a chipset, is a central hub of the smartphone and is directly responsible for the performance of the device. Only goods and services traded between entities or sold to end consumers are included.
Global smartphone processor market segments include:
By Core Type: Dual Core, Quad Core, Hexa Core, Octa Core, Others
By Operating System: Android, iOS, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smartphone processor market in 2020.
The growing technological advancements are a key trend gaining popularity in the smartphone processor market. Major companies operating in the smartphone processor sector are focused on developing technologically advanced solutions for smartphone processors to enhance user experience and connectivity.
TBRC’s smartphone processor market report covers:
Major Market Players: Qualcomm, NVIDIA Corporation, Apple Inc., Samsung Electronics, MediaTek, Huawei, Renesas Mobile Corporation, Xiaomi Corporation, Snapdragon, and Spreadtrum Communications.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Smartphone Processor Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides smartphone processor market overviews, analyzes and forecasts market size, share, smartphone processor market players, smartphone processor market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s smartphone processor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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