Global smartphone applications processor revenue is forecast to...

Global smartphone applications processor revenue is forecast to reach $30 billion by 2018 on a 10.8 percent compound annual growth rate, Strategy Analytics said Wednesday in a report. The market will receive a boost from LTE-Advanced, 64-bit, multi-core and semiconductor process technologies, the firm said. Meanwhile, stand-alone applications processors’ share of the market is forecast to decrease to 28 percent by 2018 from 38 percent in 2012, Strategy Analytics said. That drop is due to increased pressure from integrated vendors like Broadcom, Marvell, MediaTek, Qualcomm and Spreadtrum, Strategy Analytics said (http://bit.ly/1sBx9jP).