(EMAILWIRE.COM, September 05, 2019 ) 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.

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Market for automotive industry to grow at high CAGR during forecast period

The application processor market for the automotive industry is expected to witness high growth during the forecast period. Europe and APAC are the 2 major regions generating high demand for application processors for use in the automotive industry. In the automotive industry, automotive ADAS and automotive infotainment systems are the primary application areas of application processors. Rising demand for ADAS is one of the main factors boosting the growth of the application processor market for the automotive industry.

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 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 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 market

Browse and in-depth TOC on "application processor market"

35 - Tables
39 - Figures
112 - Pages

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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.

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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.

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