Application Processor (Octa-core, Hexa-core, Quad-core, Dual-core, Single-core) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 22, 2018--The “Application Processor Market by Device Type (Mobile Phones, PC Tablets, Smart Wearables, Automotive ADAS & Infotainment Systems), Core Type (Octa-core, Hexa-core, Quad-core, Dual-core, Single-core), Industry, Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The application processor market is expected to grow at a CAGR of 5.63% from 2018 to 2023, to reach USD 38.2 billion by 2023 from USD 29.0 billion in 2018.
High demand for application processors for use in smartphones is one of the major factors fueling the growth of this market. However, intense market competition and short life cycles of consumer electronic products are the main challenging factors companies operating in this market face. The application processor market for the automotive industry is expected to witness significant growth during the forecast period. Increasing demand for automotive ADAS is one of the key factors responsible for the growing requirement for application processors in the automotive industry.
The rise in demand for ADAS can be attributed to the increasing consumer demand for safe, efficient, and convenient driving experience. Besides, various governments are introducing mandates and regulations for increasing safety features in vehicles with an intention of curbing road accidents. Among all regions, the application processor market in APAC is expected to grow at the highest CAGR during the forecast period. China, India, and Vietnam are some of the major contributors to the growth of the market in APAC. High demand for application processors from the consumer electronics industry, especially smartphones, feature phones, and PC tablets, is fueling the growth of the market in this region.
DriversHigh Demand for Application Processors in Smartphone Industry High Adoption of Octa-Core Application Processors Increasing Penetration of Application Processors in Automotive Industry
OpportunitiesIncreasing Implementation of Artificial Intelligence in Mobile Devices Growing Demand for Connected Communication Devices in Developing Countries
ChallengesIntense Competition Short Life Cycle of Consumer Electronic Products
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Application Processor Market, By Device Type 7 Application Processor Market, By Core Type 8 Application Processor Market, By Industry 9 Geographic Analysis 10 Competitive Landscape 11 Company ProfilesApple Embitel Fossil Garmin Hisilicon Technologies Ingenic Semiconductor Lenovo LG Electronics Mediatek Nokia Nvidia NXP Semiconductors Oppo Electronics Qualcomm Renesas Electronics Samsung Electronics Spreadtrum Communications Texas Instruments Toshiba Xiaomi
For more information about this report visit https://www.researchandmarkets.com/research/nx7d78/application?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181122005314/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Hardware,Processing Units
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/22/2018 11:33 AM/DISC: 11/22/2018 11:33 AM