Overview and Scope
Mobile artificial intelligence (AI) refers to integrating advanced machine learning algorithms and technologies into mobile devices, such as smartphones, tablets, wearables and other portable gadgets. It involves deploying AI algorithms, models and functionalities directly on the mobile device or in conjunction with cloud-based AI services that enhance user experiences, enable new functionalities and improve efficiency.
Sizing and Forecast
The mobile artificial intelligence market size has grown exponentially in recent years. It will grow from $13.63 billion in 2023 to $17.45 billion in 2024 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to growing adoption of smartphones and tablets, increasing research and development activities, increasing awareness of the ai-based solutions, growing dependency on iot devices.
The mobile artificial intelligence market size is expected to see exponential growth in the next few years. It will grow to $43.22 billion in 2028 at a compound annual growth rate (CAGR) of 25.5%. The growth in the forecast period can be attributed to increasing adoption of ai-based solutions across various industries, increasing power of mobile processors, development of new mobile ai software frameworks, growing demand for mobile ai applications. Major trends in the forecast period include ai chipsets, advancements in hardware, ai-powered mobile apps, edge ai, 5g connectivity.
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Segmentation & Regional Insights
The mobile artificial intelligence market covered in this report is segmented –
1) By Component: Hardware; Software; Services
2) By Technology Node: 20–28 Nano Meter (NM); 10 Nano Meter (NM); 7 Nano Meter (NM); Other Technology Nodes
3) By Application: Smartphones; Robotics; Augmented Reality (AR) And Virtual Reality(VR); Cameras; Drones; Automotive; Other Applications
North America was the largest region in the mobile artificial intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in theforecast period. The regions covered in mobile artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing penetration of smartphones is expected to propel the growth of the mobile artificial intelligence market going forward. Smartphones are handheld electronic devices that combine the functionalities of a mobile phone and a personal computer. Smartphones play a significant role in implementing and using mobile artificial intelligence (AI) and serve as powerful and versatile platforms for mobile AI, enabling AI-driven functionalities, personalized experiences, intelligent interactions and on-the-go AI processing. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or about 65 million individuals) will own a smartphone. Therefore, the increasing penetration of smartphones will drive the growth of the mobile artificial intelligence market.
Key Industry Players
Major players in the mobile artificial intelligence market are Apple Inc., Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Tencent Holdings Limited, Amazon Web Services Inc., Intel Corporation, IBM Corporation, LG Electronics Inc., Qualcomm Incorporated, NVIDIA Corporation, Salesforce Inc., Nokia Corporation, MediaTek Inc., Baidu Inc., Cerebras Systems Inc., H2O.ai Inc., Fuzhou Rockchip Electronics Co Ltd., Cambricon Technologies Corporation Ltd., Huawei Technologies Co Ltd., Shanghai Thinkforce Electronic Technology Co Ltd , Blaize Inc., Kneron Inc., Graphcore Ltd., Deephi Technology Co Ltd.
The mobile artificial intelligence market report table of contents includes:
1. Executive Summary
2. Mobile Artificial Intelligence Market Characteristics
3. Mobile Artificial Intelligence Market Trends And Strategies
4. Mobile Artificial Intelligence Market – Macro Economic Scenario
5. Global Mobile Artificial Intelligence Market Size and Growth
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26. South America Mobile Artificial Intelligence Market
27. Brazil Mobile Artificial Intelligence Market
28. Middle East Mobile Artificial Intelligence Market
29. Africa Mobile Artificial Intelligence Market
30. Mobile Artificial Intelligence Market Competitive Landscape And Company Profiles
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