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

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 growing popularity of edge computing is expected to offer possibilities for the mobile artificial intelligence (AI) industry. AI initiatives have changed in companies around the world. As more and more projects are being developed across companies, cloud computing has become an integral part of AI development. With consumers spending more time on their smartphones, businesses are increasingly recognizing the need for critical computing on a device. That’s why edge computing will continue to evolve over the next few years. 

Growing cognitive computing and increasing AI applications are driving the market. With technologies like AI and ML, cognitive computing systems can look at large amounts of data, gain insights, and use those insights to learn and improve Insights solutions. 

Artificial intelligence (AI) has permeated the IT industry and disrupted various end-user industries around the world. AI has made incredible progress for businesses and their customers. With the emergence of technological advances such as virtual assistants, self-driving cars and chatbots, AI is expected to disrupt the way mobile devices are used.