Market Synopsis:

Global Mobile Artificial Intelligence Market is valued at USD 8.82 Billion in the year 2021 and is projected to reach a value of USD 37.92 Billion by the year 2028. The Global Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 27.40% over the forecast period.

The market for Mobile Artificial Intelligence has been evolving rapidly over the last few years. This evolution has been driven by the increasing adoption of AI-based solutions across various industries, including healthcare, retail, manufacturing, transportation, logistics, and others. In addition, the rise in popularity of smartphones and tablets has led to an increase in the number of users who are accessing the internet via their devices. As a result, the demand for Mobile Artificial Intelligence applications has increased significantly.

Increasing adoption of AI-based solutions and growing demand for real-time data analytics coupled with predictive maintenance solutions across various industries has led to the growth of the Global Mobile Artificial Intelligence Market. Rising investments in R&D activities by major players is expected to fuel the growth of the global market over the forecast period. Increasing penetration of IoT devices is anticipated to drive growth of the Global Mobile Artificial Intelligence Market. High cost associated with the deployment of AI-based solutions is expected to hinder the growth of the Global Mobile Artificial Intelligence Market.

Market Segmentation:

The Global Mobile Artificial Intelligence Market is segmented by application and technology node. Based on application, the target market is bifurcated as smartphones, cameras, drones, automotive, robotics, augmented reality (AR)/ virtual reality (VR), and others (smart boards and PCs). Based on technology node, market is segmented as 20–28nm, 10nm, 7nm and Others (12nm and 14nm).

Smartphones segments holds the largest market share in terms of revenue during the forecast period:

Increasing demand for real time voice processing and image recognition drives the growth of the market. Most AI processors have added neural processing units, which are capable of parallel computing, use low power, can carry out cognitive tasks, and are embedded into most smartphones. On device AI makes use of dedicated AIs chipsets and is likely going to be prominent in all flagship smartphones next year onward. Most new smartphones comprise AI chips, including a dedicated neural processing unit, which comes with AI features such as facial unlock, intelligent display rotation, smart notifications lock, etc. Companies such as Samsung, Xiaomi, and MediaTek are also heavily investing in their current or upcoming smartphones, which will include AI chips.

10nm nodes holds the largest market share in terms of revenue during the forecast period:

10nm technology nodes accounted for the largest market share in terms of volume in the Mobile Artificial Intelligence Market over forecast period. This was due to the increasing penetration of these technologies in new high-end smartphone models. Advancements in 10 nm technology nodes resulted in more power efficient processors and better battery life. Most modern high- end smartphones consist of AI chips. The iPhone x consists of Apples A 11 Bionic chip and Galaxy S9 smartphones that are powered with the Exynos 98 10 processor, which are built on 10nm Finfet process for improved performance and longer lasting battery life.

The North America region dominated the Mobile Artificial Intelligence Market during the forecast period:

North America accounted for the largest market share of 42.10%, in 2021. This is due to the fact that there are many companies in the U.S. that use cloud-based applications. In addition, the number of enterprises using cloud-based applications is increasing. As a result, the demand for the mobile artificial intelligent market is expected to grow significantly. Moreover, increasing adoption of AI-based solutions across industries coupled with increasing demand for cloud computing services are some of the major factors driving the growth of this market.

Asia Pacific is estimated to account for the fastest growth rate during the forecast period due to increasing investments in research & development activities and rising awareness about AI-based solutions. Furthermore, the government initiatives taken by countries such as China, Japan, and South Korea have resulted in increased adoption of AI-based technologies.

Competitive Landscape:

Some of the major key players in the Mobile Artificial Intelligence Market are Apple (US) and others.

Segmentation of Global Mobile Artificial Intelligence Market: