According to the recent study the tablet application processor market is projected to reach an estimated $2.8 billion by 2028 from $2.1 billion in 2023, at a CAGR of 5.8% from 2023 to 2028. Growth in this market is primarily driven by widespread demand for tablets among customers for work, gaming, or entertainment purpose, emergence of 5G technologies, and growing demand for GPS integrated tablets.
A more than 150 – page report is developed to understand trends, opportunities and forecast in tablet application processor market by product type (32 bit, 64 bit, and others), core type (single core and multi-core), operating system (android, apple iOS, and windows), end use (household, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
"Apple iOS market is expected to remain the largest segment during the forecast period."
Based on operating system, the tablet application processor market is segmented into android, apple iOS, and windows. Lucintel forecasts that the apple iOS market is expected to remain the largest segment due to the huge demand for iPads owing to its user-friendly and processor-efficient capabilities, like slide over or split view, which make multitasking more accessible.
"Within the tablet application processor market, the household segment is expected to remain the largest end use"
Based on end use the household segment is expected to witness the highest growth over the forecast period due to the rising computer ownership and increasing usage rates of internet among children and considerable demand for wireless, touchscreen notebook PCs, and tablets among kids.
"North America will dominate the tablet application processor market in near future"
North America will remain the largest region due to availability of affordable tablets and presence key manufacturing hubs of tablets in the region.
Major players of tablet application processor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Qualcomm Technologies, Apple, Samsung Electronics, MediaTek, Intel, NVIDIA, and Advanced Micro Devices are among the major tablet application processor providers.
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