Qualcomm, MediaTek See Double Digit-Growth In Global Smartphone Apps Market in Q3: Strategy Analytics

The global smartphone AP market grew 17 per cent to $8.3 billion in the third quarter (Q3) of 2021, with US-based chip making giant Qualcomm and Taiwan-based MediaTek posting double-digit growth.

Representative Image/Qualcomm

New Delhi: The global smartphone applications processor (AP) market grew 17 per cent to $8.3 billion in the third quarter (Q3) of 2021, with US-based chip making giant Qualcomm and Taiwan-based MediaTek posting double-digit growth, according to a new report by Strategy Analytics' Handset Component Technologies (HCT).

Qualcomm maintained its smartphone AP leadership with a 34 per cent revenue share, followed by Apple with 28 per cent and MediaTek with 27 per cent. MediaTek exited the first nine months of 2021 with a 26-million-unit lead over Qualcomm. Consequently, it is on track to become the leading smartphone AP vendor in unit terms for the first time on an annual basis this year.

TSMC manufactured three-fourths of total smartphone APs shipped in this quarter, followed by Samsung Foundry.

"Qualcomm, MediaTek and Unisoc all posted solid double-digit shipment and revenue growth in smartphone APs in Q3 2021. Qualcomm and MediaTek benefited from HiSilicon's forced exit while Unisoc saw strong growth in its 3G and 4G AP shipments. Strategy Analytics believes that 4G AP foundry capacity continues to be tight. We expect AP vendors to focus more on 5G in 2022 to maximise their revenue and profit," Sravan Kundojjala, Associate Director of Handset Component Technologies service, Strategy Analytics, said in a statement.

5G-attached AP shipments grew 82 per cent year-on-year, driving a 19 per cent growth in overall AP average selling prices (ASPs). Qualcomm's premium tier AP Snapdragon 888/888+ was the top-selling Android AP during the quarter. Smartphone APs manufactured in 7 nm and below process technologies accounted for 47 per cent of total smartphone AP shipments in Q3 2021.