5G rolls out double-digit growth in smartphone app processor market for sixth consecutive quarter

The global smartphone app processor market in the second quarter of 2021 grew by 18% year-on-year. Double-digit growth has been recorded for the sixth consecutive quarter. This data is contained in the Strategy Analytics report.

According to analysts, the specified market in the second quarter reached $ 7.0 billion. The leader among suppliers is Qualcomm, which holds 36% of the market. It is followed by MediaTek with 29% and Apple with 21%. Note that none of these companies have their own production facilities. All of the order production from contract manufacturers. A study of this side of the market reveals that almost 100% of smartphone app processors shipped in Q2 2021 were manufactured by just two companies - TSMC and Samsung Foundry. At the same time, the share of products manufactured according to 5 nm standards is approximately 20%.

According to analysts, one of the growth engines is the introduction of 5G. Shipments of processors for smartphones with support for next-generation networks in annual terms increased by 140%. Since these processors are more expensive than non-5G processors, this led to an 8% increase in the average selling price.

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