Who are the key vendors in the Global Mobile Artificial Intelligence (AI) Market?

Mobile artificial intelligence (AI) companies should focus on innovation and launch new products that stand out from the competition. Mobile artificial intelligence (AI) companies can also focus on collaborations and partnerships to fast track the development of novel AI algorithms and AI hardware in the future. Mergers and acquisitions are also slated to be key strategies for mobile artificial intelligence (AI) market players looking to maximize their market share and presence. 'Google LLC (Alphabet Inc.)', 'Graphcore', 'International Business Machines Corporation (IBM)', 'Cambricon Technology', 'Qualcomm Technologies Inc.', 'Sambanova Systems', 'Rockchip (Fuzhou Rockchip Electronics Co., Ltd.)', 'Thinci', 'INTEL CORPORATION', 'Cerebras Systems', 'MICROSOFT CORPORATION', 'Apple Inc.', 'Kneron', 'Huawei Technologies Co., Ltd. (Huawei)', 'MEDIATEK Inc. ', 'Shanghai Thinkforce Electronic Technology Co., Ltd (Thinkforce', 'Samsung Electronics', 'NVIDIA CORPORATION', 'Deephi Tec'

What is the key driver of Global Mobile Artificial Intelligence (AI) Market?

Smartphones are the primary users of mobile artificial intelligence (AI) technology and an increase in their sales around the world is projected to benefit mobile artificial intelligence (AI) market growth over the coming years.

What is the key market trend for Global Mobile Artificial Intelligence (AI) Market?

Adoption of Sustainable Materials: Stick packaging companies can widen their business potential by opting for sustainable manufacturing practices and making their packaging products using eco-friendly materials as well. Stick packaging companies can also invest in their R&D divisions to create new types of stick packaging solutions that are unique and comply with modern sustainability standards.

Which region accounted for the largest share in Global Mobile Artificial Intelligence (AI) Market?

North America is forecasted to account for a substantial share of the global mobile artificial intelligence (AI) market. High adoption of AI technology in almost all industry verticals and the presence of key mobile artificial intelligence (AI) providers are factors that help this region maintain its dominance in the global landscape. The United States is predicted to be at the forefront of mobile artificial intelligence (AI) demand in North America across the forecast period. Rise in adoption of automation and Internet of Things (IoT) is also slated to benefit mobile artificial intelligence (AI) market growth through 2031.

Mobile Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Technology Node(20–28nm, 10nm, 7nm, and Others), By Application(Smartphones, Cameras, Drones, Automobile), By Component(Hardware, Software, and Services), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2310 | Region: Global | Published Date: June, 2024
Pages: 197 | Tables: 70 | Figures: 75

Mobile Artificial Intelligence (AI) Market News

In January 2024, Samsung, a leading South Korean consumer electronics company, announced the launch of Galaxy AI with its new flagship smartphone series S24. This new mobile AI service offered by Samsung will help its users navigate daily tasks in a much more efficient manner.
In April 2024, Adobe, a leading software company based in the United States, launched a new mobile app that uses generative AI to create content. Adobe Express mobile application can design and share social media posts.
In April 2024, Motorola, a renowned consumer electronics provider, announced the launch of its first AI-capable smartphone. Motorola Edge 50 Pro is powered by Snapdragon 7 Gen 3 SoC.

Mobile Artificial Intelligence (AI) Market Report Snapshots

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Global Mobile Artificial Intelligence (AI) Market size was valued at USD 13.4 billion in 2022 and is poised to grow from USD 17 billion in 2023 to USD 114.36 billion by 2031, growing at a CAGR of 26.9% in the forecast period (2024-2031).

The Mobile Artificial Intelligence (AI) market is characterized by a dynamic competitive environment, with rapid technological advancements and strategic collaboration among key players. Leading technology companies, industries with a focus on AI and semiconductor manufacturers are actively contributing to market growth and innovation. Apple uses its proprietary combination of AI hardware and software to enhance its product offerings. The company focuses on in-house chip development such as the A-series and M1 chips to enhance AI performance in its devices. Apple’s introduction of the Neural Engine in its A11 Bionic chip significantly improved machine learning, enabling features like Face ID. 'Google LLC (Alphabet Inc.) ', 'Graphcore ', 'IBM ', 'Cambricon Technology ', 'Qualcomm Technologies Inc. ', 'Sambanova Systems ', 'Rockchip (Fuzhou Rockchip Electronics Co., Ltd.) ', 'Thinci ', 'INTEL CORPORATION ', 'Cerebras Systems ', 'MICROSOFT CORPORATION ', 'Apple Inc. ', 'Kneron ', 'Huawei Technologies Co., Ltd. (Huawei) ', 'MEDIATEK Inc. ', 'Shanghai Thinkforce Electronic Technology Co., Ltd (Thinkforce ', 'Samsung Electronics ', 'NVIDIA CORPORATION ', 'Deephi Tec'

Proliferation of AI-powered applications in various industries including entertainment, healthcare and finance is driving the market. Mobile devices are increasingly being integrated with applications such as facial recognition, voice assistants and augmented reality, driving the market growth.

Future Pioneers with AI at the Edge: One of the most important trends in the market is the integration of AI with edge computing. This approach keeps data resources closer to the source (i.e. mobile device) rather than relying on cloud-based systems. Edge AI reduces latency, increases real-time processing capabilities, and improves data privacy by reducing data transfers to central servers. As a result, mobile devices are becoming more autonomous and responsive, paving the way for new applications and improved user experiences.

North America is estimated to account for the leading share of global revenue of 30.8% by 2022. Moreover, with the expansion of several market players in the countries in this region will be able to lead in technology adoption with mobiles. Artificial intelligence and Internet of Things are gaining popularity in many industries, and intelligent automation technologies are on the rise greater thus the need for greater use of mobile AI in the region.

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Mobile Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Technology Node(20–28nm, 10nm, 7nm, and Others), By Application(Smartphones, Cameras, Drones, Automobile), By Component(Hardware, Software, and Services), By Region - Industry Forecast 2024-2031

Mobile Artificial Intelligence (AI) Market News

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Who are the key vendors in the Mobile Artificial Intelligence (AI) Market?

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Which region accounted for the largest share in Mobile Artificial Intelligence (AI) Market?

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