Global Smartphone Processor Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
28 Jul, 2021
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 Size And Drivers:
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 contribute to the growth of the smartphone processor market in the forecast period.
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Trends In The Global Smartphone Processor Market
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. For instance, in January 2021, MediaTek, a Taiwan based semiconductor company launched a new flagship 5G SoC Dimensity 1200. The chip uses TSMC’s 6-nanometer processor. The CPU uses ARM’s latest A78 core with a frequency of 3.0GHz. There are also 3 large A78 cores with a frequency of 2.6GHz and 4 small A55 cores.
Global Smartphone Processor Market Segments:
The global smartphone processor market is further segmented based on core type, operating system and geography.
By Core Type: Dual Core, Quad Core, Hexa Core, Octa Core, Others
By Operating System: Android, iOS, Others
By Geography: The global smartphone processor market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the smartphone processor market in 2020.
Read More On The Report For The Global Smartphone Processor Market At:https://www.thebusinessresearchcompany.com/report/smartphone-processor-global-market-report
Smartphone Processor Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smartphone processor market overviews, analyzes and forecasts market size and growth for the global smartphone processor market, smartphone processor market share, smartphone processor market players, smartphone processor market segments and geographies, smartphone processor market’s leading competitors’ revenues, profiles and market shares. The smartphone processor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.