Research and Markets: Global Smartphone Application Processor Market 2011-2015: The Global Smartphone Application Processor Market to Grow At A CAGR Of 49.5 Percent over the Period 2011-2015

Business Wire

Friday, June 29th 2012

Research and Markets (http://www.researchandmarkets.com/research/6sv9x9/global_smartphone) has announced the addition of the "Global Smartphone Application Processor Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the increasing demand for high functionality in smartphones. The Global Smartphone Application Processor market has also been witnessing the emergence of dual core application processors. However, the need to reduce the development time could pose a challenge to the growth of this market.

Key vendors dominating this market space include Marvell Technologies Group Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd. and Texas Instruments Inc. Other vendors mentioned in the report are NVIDIA and Broadcom.

Commenting on the report, an analyst from TechNavio's Hardware team said; At present, the Global Smartphone Application Processor market is witnessing the trend of the emergence of dual core application processors. The market leader, Qualcomm, has set this trend by launching its Snapdragon dual processor. Dual core application processors are designed to improve the performance of smartphones to be much better than the current performance level. In addition, dual core processors are designed to run at high speed, and these processors consume less battery power. Therefore, all these features are making smartphones much more attractive to end-users.

According to the report, the increasing demand for high functionalities in smartphones is driving demand in the Global Smartphone Application Processor market. Smartphone vendors are focusing more on incorporating new applications in smartphones and improving performance, which requires high-speed application processors. Smartphone sales are also high because of their high speed, sophisticated features, as well as other functions. Therefore, as the functionality is increased, smartphones will require high-speed application processors.

Further, the report also discusses that the need to reduce development time will ultimately affect the Global Smartphone Application Processor market.

For more information visit http://www.researchandmarkets.com/research/6sv9x9/global_smartphone

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