PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555476
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555476
Heterogeneous Mobile Processing and Computing Market size was valued at USD 82,518.2 Million in 2023, expanding at a CAGR of 17.50% from 2024 to 2032.
Heterogeneous mobile processing (HMP) and computing combine multiple components, such as the graphical processor unit and focused preparation unit, on a single silicon chip to provide power productivity and enhanced execution. HMP enhances the 3D realistic capabilities. It can execute numerically intensive computations on massive informative indexes. HMP and computing combine the benefits of several segments, such as graphics processing units (GPUs), central processing units (CPUs), and field-programmable gate exhibits. It provides a variety of benefits, including high-quality videoconferencing, better presentation clarity, and consistent language understanding and interpretation, among others.
Heterogeneous Mobile Processing and Computing Market- Market Dynamics
Growing demand for Artificial intelligence
The market will be driven by an increase in demand for deep learning-based AI applications such as image recognition, voice recognition, speech translation, data mining, and video surveillance across various industries. The rapid implementation of deep learning systems in self-driving cars, wearable devices, data analytics, cyber security, and fraud detection is expected to drive the Heterogeneous Mobile Processing and Computing market between 2023 and 2032. The increasing popularity of cloud-based applications for large-volume data storage and processing has aided market expansion. Growing demand for digital assistants such as Alexa and Siri have aided the growth of the Heterogeneous Mobile Processing and Computing industry. For instance, Qualcomm introduced the Snapdragon 888, its latest 5G flagship smartphone chipset, in December 2020. It combines the 6th generation Qualcomm AI Engine with the Hexagon 780 processor.
Heterogeneous Mobile Processing and Computing Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 17.50% over the forecast period (2024-2032)
Based on Component segmentation, Processors were predicted to show maximum market share in the year 2023
Based on Technology Node segmentation, the 7NM category dominates the Heterogeneous Mobile Processing and Computing Market.
Based on Application segmentation, Smartphone was the leading type in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Heterogeneous Mobile Processing and Computing Market is segmented on the basis of Component, Technology Node, Application, Industry Vertical, and Region.
The market is divided into six categories based on Component: Sensors, Processors, Graphics Processing Units, Digital Signal Processors, and Others. Processors hold the greatest market share in the Heterogeneous Mobile Processing and Computing Market. Processors are critical components of mobile devices, functioning as the principal computer unit responsible for task execution, application running, and overall device performance management. With the growing demand for better processing speeds, multitasking capabilities, and energy economy in mobile devices, the processor category has a large market share. Advanced processors allow seamless user experiences, handle complicated applications, and drive advances in mobile computing technologies, making them an essential component of the diverse mobile processing and computing ecosystem.
The market is divided into seven categories based on Technology Node: 5NM, 7NM, 10NM, 14NM, 20NM, 28NM and 45NM. The 7NM category dominates the Heterogeneous Mobile Processing and Computing Market. In this segment, semiconductor technology is more advanced, providing higher performance, lower power consumption, and greater efficiency than larger nodes like as 10NM, 14NM, 20NM, 28NM, and 45NM. The 7NM technology enables the integration of more transistors on a chip, allowing mobile devices to provide more computing capability while being energy efficient.
Heterogeneous Mobile Processing and Computing Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. APAC dominated the Heterogeneous Mobile Processing and Computing Market in 2023, owing to increased investments in digital infrastructure throughout the region. The widespread and rapid deployment of IoTs in this area is expected to fuel market growth during the forecast period 2024-20232.
North America is the market's fastest expanding region, owing to a large number of established organizations that are actively engaged in research and development to expand their product offerings. According to researchers, this regional market will continue to lead in the next years.
The Heterogeneous Mobile Processing and Computing Market is highly competitive, with top industry players competing fiercely. Companies that manufacture CPUs, graphics processing units, digital signal processors, sensors, and other components compete for market share by providing creative solutions that improve mobile device performance, efficiency, and user experience. Major competitors in this sector include Qualcomm, Apple, Samsung, MediaTek, and NVIDIA, which are constantly pushing the boundaries of mobile processing capabilities through research, development, and strategic collaboration. These companies are focused on delivering cutting-edge technology, optimizing battery consumption, and increasing processing speeds to fulfill consumers' expanding demands for high-performance mobile devices.
In January 2020, Texas Instruments introduced the Jacinto 7 processor platform to improve deep learning capabilities for enhancing advanced driver assistance systems (ADAS) and automotive gateway apps.