In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
The tablet and e-reader application processor is used in the various consumer electronics product which includes tablets and smartphones in order to run the operating system. These software are mainly used for the coding and decoding of the multimedia and it also includes the graphic processing of the media. The application software is primarily responsible for the processing occurring in the mobile applications.
Currently the global tablet and e-reader application software market is observing vibrant growth on the account of booming consumer electronics industry worldwide coupled with the increasing per capita income of the population. This increases the spending on the electronics items and is anticipated to boost the growth of the overall market during the forecast period.
Tablet and e-reader application processor market is anticipated to record a CAGR of 5% over the forecast period. The tablet and e-reader application processor market is expected to showcase a vibrant growth by the end of the forecast period. The market is segmented on the basis of size, number of cores and application. On the basis of size, it is sub-segmented into 32 bit application processor and 64 bit application processor. On the basis of number of cores, it is sub-segmented into single core and multi core. Multi-core is the major sub-segment of the core segment during the forecast period. On the basis of application, it is sub-segmented into tablets , e-reader and smart phones. Smart phone sub-segment is anticipated to be the leading sub-segment during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
The increasing demand for the electronics items which includes smartphones on the account of the rising disposable income of the population is anticipated to be the major reason driving the growth of the tablet and e-reader application processor market. For instance, according to U.S. Census Bureau the median household income of the population of the U.S in 2017 is USD 61,372.This is an increase of the 1.73% from 2016.
The increasing technological development in the application software is anticipated to be the major reason for the growth of the overall tablet and e-reader application processor market during the forecast period. For instance, in December 2018, Qualcomm has developed the Snapdragon 855 mobile system on a chip (SOC) which enhances the operating system.
The availability of the low cost substitute products in the market is anticipated to challenge the market growth of the tablet and e-reader application processor.
Our-in depth analysis of the global tablet and e-reader application processor market includes the following segments:
On the basis of regional analysis, global tablet and e-reader application processor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is anticipated to hold the largest market share for the global tablet and e-reader application processor market during the forecast period. The increasing adoption of the application software in the consumer electronics is anticipated to support the market growth of the overall tablet and e-reader application processor market during the forecast period. North America is anticipated to be the second largest region for the overall market. The highly developed IT industry in the region leads to the increase in the demand for the various electronics gadgets. Additionally, high disposable income of the population in the region is also major reason for the growth of the tablet and e-reader application processor market in the region during the forecast period.
Global tablet and e-reader application processor market is further classified on the basis of region as follows:
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