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Smartphone Processor Market Outlook Report 2024-2033: Trends, Analysis, Insights, and Overview
Smartphone Processor Market Outlook
As per the report, 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 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%.
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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.
Tech Advancements Propel The 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 Density 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. Further, in January 2020, Qualcomm, a US-based mobile communications company introduced the Snapdragon 720G, Snapdragon 662, and Snapdragon 460 mobile system-on-chips in India, to improve connectivity, gaming, and entertainment for users. The Qualcomm FastConnect 6-series subsystems provide rapid 4G connectivity, important Wi-Fi 6 features, and integrated Bluetooth 5.1 with improved audio on these new mobile platforms.
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
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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
Contents of the report:
1. Executive Summary
2. Smartphone Processor Market Report Structure
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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