Overview and Scope
The smartphone processor are engaged in manufacturing smartphone processors. A smartphone processor 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.
Sizing and Forecast
The smartphone processor market size has grown rapidly in recent years. It will grow from $20.47 billion in 2023 to $23.7 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to rapid growth in smartphone adoption, emergence of multifunctional smartphones, mobile computing and Internet usage, demand for high-quality mobile gaming, evolution of camera and imaging technologies.
The smartphone processor market size is expected to see rapid growth in the next few years. It will grow to $43.98 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to 5G network expansion, rise in AI integration, increased emphasis on energy efficiency, advancements in mobile photography, expanding role in Internet of things (IoT). Major trends in the forecast period include integration of neural processing units (NPUs) for AI tasks, shift towards more advanced semiconductor manufacturing processes, enhancements in security features, increased focus on quantum computing research, collaborations with software developers for optimization.
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Segmentation & Regional Insights
The smartphone processor market covered in this report is segmented –
1) By Core Type: Dual Core, Quad Core, Hexa Core, Octa Core, Other Core Types
2) By Technology: System-on-chip, System-in-package, Multi-chip Module, Other Technologies
3) By Operating System: Android, iOS, Other Operating Systems
North America was the largest region in the smartphone processor market in 2023. The regions covered in the smartphone processor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of smartphones around the globe is expected to contribute to the growth of the smartphone processor market in the forecast period. Smartphone adoption has grown more quickly among younger generations across the globe. According to the India Cellular and Electronics Association (ICEA), the number of smartphone users in India is projected to reach 839 million by the end of 2022. Moreover, as per a report published by The Pew Research Center, in April 2021, the majority of Americans (97%) own a cell phone of some kind with 85% of Americans owning a smartphone. In all the countries, smartphone use was high among younger people, those with higher grades of education, and higher incomes. Therefore, the increase in the number of smartphone users will anticipated the growth of the smartphone processor market.
Key Industry Players
Major companies operating in the smartphone processor market report are Amazon.com Inc., Apple Inc., Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, ZTE Corporation, Huawei Technologies Co Ltd., Sony Corporation, Lenovo Group Limited, Panasonic Corporation, LG Electronics Inc., Intel Corporation, Qualcomm Incorporated, Xiaomi Corporation, Broadcom Inc., Toshiba Corporation, Fujitsu Limited, Nvidia Corporation, NEC Corporation, Sharp Corporation, Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Motorola Inc., Marvell Technology Group Ltd., Arm Limited, UNISOC Technologies Co Ltd., Spreadtrum Communications, Vivo Communication Technology Co Ltd., BBK Electronics Corporation
The smartphone processor market report table of contents includes:
1. Executive Summary
2. Smartphone Processor Market Characteristics
3. Smartphone Processor Market Trends And Strategies
4. Smartphone Processor Market – Macro Economic Scenario
5. Global Smartphone Processor Market Size and Growth
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32. Global Smartphone Processor Market Competitive Benchmarking
33. Global Smartphone Processor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smartphone Processor Market
35. Smartphone Processor Market Future Outlook and Potential Analysis
36. Appendix
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