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The global smartphone application processor market revenue grew 26 percent to $8.9 billion in Q2 2022, according to a new research report, "Smartphone Application Processor Market Share Tracker 2022 Q2: Qualcomm Hits Record High," published by Strategy Analytics Mobile Component Technology (HCT) Services on Nov. 10. Qualcomm, MediaTek, Apple, Samsung LSI and ZTE ranked in the top five for smartphone application processor market revenue share.

Qualcomm maintains its leadership position in the smartphone application processor market with a 40% revenue share, followed by MediaTek (26%) and Apple (25.5%).

5G application processor shipments account for 55% of smartphone application processor shipments in Q2 2022.

TSMC makes more than 80% of smartphone app processor shipments, and IT House has learned that Samsung Foundry's main customer Qualcomm has shifted orders to TSMC in recent quarters.

Google and JLQ Technologies (a joint venture between Leadcore and Qualcomm) shipped more than 1 million smartphone application processors in Q2 2022.

Despite a 23 percent decline in shipments, Qualcomm's momentum in the high-end Android space drove its smartphone application processor revenue up 41 percent in Q2 2022," commented the report's author and director of mobile component technology services at Strategy Analytics. Customer orders for the Samsung Galaxy S22 pushed Qualcomm's application processor ASP to an all-time high, but Qualcomm could face headwinds from an inventory correction in the second half of 2022. Shipments of Samsung LSI's Exynos smartphone application processors declined 46% year-on-year, but showed signs of rebound in the mid-range market."

She continued, "Q2 2022 saw record quarterly revenue for MediaTek's application processors, driven by a mix of high-end and ultra-high-end Tiangui 5G application processors. However, we expect MediaTek's application processor shipments and revenue to decline in the second half of 2022 due to continued weakness in Android application processors in China. On the other hand, ZTE's shipments grew by 26% in Q2 2022 due to the continued growth of T1 4G smartphones."