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Smartphone Processor Market Trends, Top Companies, Share, Growth And Forecast 2033
Smartphone Processor Market
The Business Research Company offers in-depth market insights through Smartphone Processor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Surge In Smartphone Adoption Propels Growth In The Smartphone Processor Market
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.
Competitive Landscape:
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
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Top Trend - Revolutionizing Mobile Computing With Flagship Fastest Mobile Processor
Major companies operating in the smartphone processor market are focused on developing technological products, such as 13th Gen Intel Core mobile processors, including the flagship Intel Core i9-13980HX, to meet the needs of users who require high-performance capabilities on the go. 13th Gen Intel Core mobile processors, including the flagship Intel Core i9-13980HX, which is being marketed as the world's fastest mobile processor. For instance, in January 2023, Intel Corporation., a US-based semiconductor corporation, launched its 13th Gen Intel Core mobile processors, including the flagship Intel Core i9-13980HX, which is being marketed as the "world's fastest mobile processor." The processor features eight performance cores, 16 efficient cores, and 32 threads, along with support for up to 128GB of RAM. It boasts a turbo frequency of up to 5.6 GHz, which is the highest clock speed available for the laptop market, offering 11% faster single-thread performance and 49% faster multitask performance over the previous generation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smartphone Processor Market Characteristics
3. Smartphone Processor Market Trends And Strategies
4. Smartphone Processor Market - Macro Economic Scenario
5. Smartphone Processor Market Size And Growth
…..
27. Smartphone Processor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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