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The tablet application processor market is estimated to grow by USD 1.06 billion at a CAGR of 5.98% between 2022 and 2027. The surge in tablet demand is significantly influencing market expansion. This increased demand necessitates a corresponding rise in tablet production, consequently escalating the requirement for tablet application processors. For instance, Apple Inc. introduced the Apple iPad Pro in 2021, featuring the M1 chip, an octa-core application processor developed by Apple Inc. Users utilizing tablets for work, gaming, or entertainment will likely favor the M1 chip due to its superior performance, energy efficiency, and graphics capabilities compared to previous iPad processors.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth by the multi-core segment will be significant during the forecast period. Multi-core processors are essentially chips with numerous CPUs or processing cores that can all work on different tasks at once. As a result of this technology, computing devices now operate much more quickly and with significantly greater processing power. The use of multi-core processors has allowed manufacturers to create tablets that can run multiple applications at once without compromising performance or battery life.
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The multi-core segment was valued at USD 1.49 billion in 2017 and continued to grow until 2021. Several different kinds of multi-core processors are frequently used in the global market. These consist of dual-core, quad-core, and octa-core processors. The global market benefits from the use of multi-core processors in a number of ways. It enables increased performance and speed. Tablets with multiple processing cores can run a number of applications concurrently without experiencing any lag or delay. This is crucial for users who depend on their tablets for work or entertainment because it allows for seamless and uninterrupted app switching. Additionally, each core can operate at a lower frequency because the workload can be split among several cores, which lowers power consumption. As a result, tablets can operate for longer. Therefore, the multi-core segment contributes largely to the growth of the market during the forecast period.
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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The increasing use of tablets for both personal and professional purposes, as well as the expansion of the mobile computing industry, have been driving the steady growth of the North American market in recent years. Additionally, the average cost of consumer tablets in the US is declining, which is driving up demand for tablets and, consequently, for tablet application processors. Samsung and Apple are the two companies with the largest market shares. In addition, players are concentrating on releasing new tablets that are either updates of older models or new versions with updated processors.
Additionally, one of the world's major regions for logistics and transportation is North America. Moreover, the growing energy sector investments are probably going to fuel the expansion of the North American market. The third-largest industry in the US, the energy sector, is getting a lot of attention. The US is expected to invest over USD 700 million over the next 20 years to increase its renewable energy capacity, according to Bloomberg New Energy Finance (BNEF). This will help expand the industrial tablet segment, which is anticipated to support the growth of the regional market during the forecast period.
The market is witnessing rapid advancements in processor technology, with a focus on enhancing performance and efficiency. Processors now feature advanced capabilities such as Slide Over and Split View, allowing for multitasking and improved productivity. These processors, equipped with powerful CPU, GPU, and Neural Engine, are designed using cutting-edge 4nm process technology. The integration of 5G connectivity ensures fast data transfer and smooth operation of GPS navigation applications. With the demand for rugged tablets increasing in industries requiring location tracking, such as logistics and field services, semiconductor companies are developing chipsets to meet these specific needs. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for tablets is notably driving the market growth. The increasing demand for tablets is driving the need for more tablet production, leading to a higher demand for tablet application processors. This trend is prompting advancements in process technology and power level, including the development of the latest 12-core chips. These processors are designed to improve battery life and support an open ecosystem with features like 5G connectivity and 4nm processor technology. Apple Inc.'s introduction of the Apple iPad Pro in 2021, powered by the M1 chip, an octa-core application processor, is a prime example. The M1 chip offers superior performance, power efficiency, and graphics capabilities compared to previous iPad processors, making it more appealing to consumers who use tablets for work, gaming, or entertainment.
Additionally, the rising popularity of mid-range and low-cost tablets, alongside high-end tablets, is boosting the demand for affordable tablet application processors. This trend is driving advancements in GPS navigation applications, rugged tablets, location tracking, semiconductors, chipsets, major chip FAB, and Wi-Fi chips to meet the diverse needs of tablet users. For instance, the octa-core MediaTek Helio P22T application processor is designed for mid-range tablets and is favored by tablet manufacturers seeking to offer reasonably priced devices with good performance and power efficiency. Overall, the increasing demand for tablets is fostering competition and innovation in the tablet application processor market, with manufacturers introducing new and improved processors to meet the evolving needs of consumers. This trend is expected to drive market growth in the forecast period.
The increasing adoption of 5G technology is an emerging trend in market growth. This is because tablets are able to perform more complicated tasks and run more sophisticated applications because of 5G technology's faster data transfer speeds and lower latency. Furthermore, as 5G technology spreads, consumers will probably demand tablets with 5G capabilities, which will increase demand for application processors that are more potent and effective in order to support these devices.
Additionally, 5G technology can make it possible for tablets to connect to a wider variety of hardware and services, such as smart home appliances, driverless cars, and industrial IoT systems, which will lead to an even greater demand for application processors that are more potent and effective. Moreover, enterprise users, who are increasingly reliant on tablets for business applications like video conferencing, document editing, and data analysis, may also be impacted by the adoption of 5G technology. Hence, the increasing adoption of 5G technology is a key driver of growth in the global market during the forecast period.
The rise in pricing pressure is a major challenge impeding market growth. As the tablet market becomes more competitive, vendors are under pressure to lower prices. This might have an effect on the manufacturers of tablet application processors' profit margins. The level of competition will rise further as more businesses enter the market and as current players diversify their product offerings.
Profit margins for businesses in the global market are dwindling as prices fall. This could make it more difficult for businesses to spend money on R&D, which is essential for long-term competitiveness. A rise in pricing pressure will also increase the cost of the raw materials used to make tablet processors, which can make it challenging for vendors to strike a balance between keeping costs in check and providing customers with appealing products. Therefore, such factors will hamper the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Allwinner Technology Co. Ltd. - The company designs mixed-signal systems on a chip. The key offerings of the company include a tablet application processor such as Allwinner A64.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is driven by the demand for high-performance computing devices, with key components like the CPU (Central Processing Unit), GPU (Graphics Processing Unit), and RAM (Random Access Memory) playing crucial roles. Rugged tablets like the Panasonic Toughpad FZ-M1 and Samsung Galaxy Tab Active 2 are popular choices for industries requiring durable devices, supported by advanced processors.
Advanced features such as GPS navigation applications and ADAS (Advanced Driver Assistance Systems) are integrated into tablets like the Getac F110, enhancing their utility in various sectors. The market sees innovations like the M1 Ultra and Snapdragon 8 Gen 1 processors, using advanced technologies like the 14nm FinFET process. Tablet processors are increasingly integrated with other components into compact packages like the SOC (System on Chip) and SiP (System-in-Package), offering efficient solutions for OEM (Original Equipment Manufacturer) in the competitive market. The evolution of processor technologies, as seen in devices like the Samsung Galaxy S22 and Snapdragon 855, reflects the ongoing advancements in tablet performance and capabilities.
The market in the Asia Pacific region is driven by leading manufacturers like Intel Corporation, NVIDIA Corporation, and HiSilicon Technologies. Rugged tablets such as the Panasonic Toughpad FZ-M1 rugged tablet, Samsung Galaxy Tab Active 2 rugged tablet, and Getac F110 rugged tablet are gaining popularity. These tablets use advanced APU (Application Processor Unit) to power their operations, ensuring efficient performance. The market is also influenced by trends in smartphones, artificial intelligence, and system-on-chip (SoC) technologies. As the market grows, OEMs (Original Equipment Manufacturers) play a crucial role in delivering high-quality tablets to consumers.
Tablet Application Processor Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.98% |
Market growth 2023-2027 |
USD 1.06 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.6 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Micro Devices Inc., Allwinner Technology Co. Ltd., Apple Inc., Broadcom Inc., Huawei Technologies Co. Ltd., Ingenic Semiconductor Co. Ltd., Intel Corp., MaxLinear Inc., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Rockchip Electronics Co. Ltd., Samsung Electronics Co. Ltd., SK Inc., Texas Instruments Inc., Toshiba Corp., and UNISOC Shanghai Technologies Co. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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