Exactitude Consultancy explores the current market and new opportunities in the growing Mobile Artificial Intelligence (AI) Market.
Is technological advancement or price competition driving the market? Read more to get insights for from the report. By 2029, due to the growing, information technology markets, the demand for the mobile artificial intelligence (AI) market will be increasing, which will result in a market growth of the market is around USD 84.19 billion.
According to the latest market research completed and published by Exactitude Consultancy, the mobile artificial intelligence (AI) market is expected to grow at a CAGR of more than 28.5% over the forecast period from 2022 to 2029. This is likely to grow the market value from USD 8.45 billion in 2020 to USD 80.28 billion in 2029. The report discusses the market considering the key market players, their brands, the advancements made in the mobile artificial intelligence (AI) market, and the result it provides for the use of the consumer. Other critical aspects of the market considered while writing the report are the phenomena recognizing the application of different types of mobile artificial intelligence (AI) techniques, and the segments they are used.
The expansion of the mobile artificial intelligence (AI) market is fueled by factors such as the high demand for artificial intelligence in smartphones, the increase in demand for AI-capable processors, and the increased investment in AI technologies. Many ground-breaking uses of artificial intelligence technologies may be found in the fields of industrial, automotive, and video games. AI technology is being used by the smartphone industry, and it is used for much more than just applications like digital assistants. In order to create AI features for smartphones that meet user expectations, several mobile manufacturing companies are competing. The expansion of the global mobile artificial intelligence (AI) market is, however, significantly constrained by the high cost of artificial processors.
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Report Attribute |
Details |
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Market Size 2022 |
USD 8.45 billion |
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Revenue forecast in 2029 |
USD 80.28 billion |
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Mobile Artificial Intelligence Market Growth rate |
CAGR of 28.5% from 2023 to 2029 |
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Base year for estimation |
2022 |
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Historical data |
2018 – 2020 |
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Forecast period |
2023 – 2029 |
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Quantitative units |
Revenue in USD Million, volume in units, CAGR from 2023 to 2029 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, trends |
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Segments covered |
By technology, component, application, and Region. |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
U.S.; Canada; Mexico; Germany; France; Italy; U.K.; China; India; Japan; Brazil; Saudi Arabia |
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Key companies profiled |
Amazon Inc., Apple, Baidu Inc., Cambricon, ClariFI, Cyrcadia Health, Deephi Technology, Enlitic, Graphcore, Huawei, Intel Corporation, MediaTek, Microsoft, Qualcomm, Samsung Electronics. Mergers and acquisitions, joint ventures, capacity expansion, significant distribution, and branding decisions |
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Customization scope |
Free report customization with purchase. Addition or alteration to country, regional & segment scope. |
The Report Scope and Market Definition and Market Segments Considered for The Study:
Mobile AI (on-device AI) is the capability to process data on devices using neural processing units (NPUs) without connecting the internet or the cloud. Artificial intelligence (AI) refers the simulation of human intellectual functions by machines, particularly computer systems having the capacity to imitate intelligent behavior and reach independent judgements.
The mobile artificial intelligence (AI) market is divided on the basis of technology, component, and application. Based on technology, the mobile AI market is segmented into 5nm-10nm, 11nm-20nm, and Above 20nm. The Mobile Artificial Intelligence Market is dominated by 10nm nodes, with a strong CAGR anticipated during the projected period. The market expansion can be attributed to the rising adoption of 10nm technology nodes in new high-end smartphones. The 10nm technological node advancements lead to more power-efficient processors, longer battery life, and higher performance in smartphones. The bulk of current high-end cellphones contain AI chips.
Based on component, the market is segmented into hardware, software, and services. The hardware segment held the major market share in 2020, accounting for nearly two-thirds of the total share, and is estimated to continue its lead position during the projected period. Though, the software segment is projected to record the highest CAGR from 2022 to 2029.
Based on application, the market is segmented into smartphones, drones, automotive, cameras, robotics, augmented reality (AR), virtual reality (VR), and others. Due to the increasing demand for real-time voice processing and picture recognition, the market for AI processors for smartphones is expanding. Most AI computers have neural processing units (NPUs), which can process information in parallel, use little energy, and carry out cognitive functions. It is anticipated that on-device AI, which depends on specialized AI chipsets, will appear more frequently in all flagship smartphones.
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Key Market Segments: Mobile Artificial Intelligence (AI) Market
- By Technology: 5nm-10nm, 11nm-20nm, Above 20nm
- By Component: Hardware, Software, Services
- By Application: Smartphones, Drones, Automotive, Cameras, Robotics, Augmented Reality (AR), Virtual Reality (VR), Others
- By Region: North America, Europe, Asia Pacific, South America and Middle East and Africa
