MarketsandMarkets’ research report - Application Processor Market by Device Type, Core Type, Industry, and Geography - Global Forecast to 2023 - sees the the app processor market being worth $29 billion in 2018 and foresees it reaching $38.2 billion by 2023, at a CAGR of 5.63%. The growth is attributed to the demand for application processors from the consumer electronics industry for use in devices such as mobile phones and PC tablets.
- Octa-core segment to hold largest share of application processor market in 2018
- Market for automotive industry to grow at high CAGR during forecast period
- APAC expected to hold largest share of application processor market in 2018
- Major players operating in the application processor market are Apple (US), Samsung Electronics (South Korea), Qualcomm (US), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Texas Instruments (US), NVIDIA (US), Toshiba (Japan), and HiSilicon Technologies (China).
For more details, checkout the “Application Processor Market” report.