Global Mobile Device Processor Market: Overview
From the past two decades, the production of mobile devices is increasing rapidly. The consumers widely prefer mobile devices as they are handheld, lightweight, easy to operate and user-friendly devices.
With the rapid adoption of mobile devices such as smartphones and tablets, the manufacturers of such device are demanding the next generation processors to add competitive advantage to their products. Mobile devices processors are used for running the complete processes executed on the mobile devices. Manufacturers are focusing on delivering next-generation processors for the mobile devices to sustain a competition at the global level.
Mobile device processors are usually designed in a way that they can work with low power states and simultaneously contribute to the increased battery life. The mobile processors are designed in such a manner that they don’t get burnt or heated up inside the mobile devices. The mobile device manufacturers are demanding next-generation processors for improving their efficiency and performance of the mobile devices.
Global Mobile Device Processor Market: Drivers and Restraints
The rapid increase in production of mobile devices including smartphone, tablets, and other mobile devices is the prime factor fueling the demand for the mobile devices processors market over the forecast period. The manufacturers are focusing on innovations in processors, and its possible applications in the mobile devices are creating a new market potential for the processors. The rapid innovations going on in the field of technology demand for processors which can control and operate these advanced features such as NFC, USB, accelerometer, gyro sensor, GPS and others is increasing rapidly. Consumers are demanding smartphone with the fast processors since the innovations such as Dual Core, quad-core, Octa-Core processors is fueling the demand for the mobile devices processors. On the other hand, high prices of the more advanced processors is a major challenge faced by the mobile device processor market.
Global Mobile Device Processor Market: Segmentation
Segmentation for the processor of the mobile device is performed on the basis of the number of cores, devices, and region. Mobile device processor market is segmented on the basis of the number of cores and the segmentation includes a single core, dual core, quad core, and octa-core. On the basis of type of mobile devices the market is segmented into the smartphones and tablets. Based on geographical regions the Mobile Device Processor Market is segmented into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific Excluding Japan, Japan, and Middle East & Africa.
Global Mobile Device Processor Market: Industry Key Players
The global vendors for mobile device processor include Qualcomm Technologies, Inc., Apple, Intel Corporation, NVIDIA, MediaTek Inc., HiSilicon Technologies Co., Ltd., Samsung Electronics, and others.
With the continues advancements going on in the technologically adaptive world every player is coming up with the next generation processors with improved performance as well as speed for sustaining in the global competition.
In February 2018, Qualcomm Technologies, Inc. introduced Qualcomm Snapdragon 700 for the mobile platform. This new advancement from the company is aimed at delivering improved camera, device performance and power management, and other feature improvements for the mobile devices.
Global Mobile Device Processor Market: Region wise outlook
The global market for mobile device processor is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific Excluding Japan, Japan, China, and Middle East & Africa. Among these regions, the North America region dominates the market due to the higher rapid adoption of advanced processors in this region. APEJ and China market is expected to grow at highest CAGR over the forecast period due to the increased production of smartphones and tablets in this region driven by increasing population and disposable income in this region. MEA region is expected to grow at moderate CAGR over the forecast period.
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Regional analysis for Global Mobile Device Processor includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.