The global Mobile Artificial Intelligence (AI) market size accrued earnings worth approximately USD 20.17 Billion in 2023 and is predicted to gain revenue of about USD 186.02 Billion by 2032, is set to record a CAGR of nearly 28% over the period from 2024 to 2032.
Zion Market Research has published a new report titled “Mobile Artificial Intelligence (AI) Market by Technology Node (5nm-10nm, 11nm-20nm, and Above 20nm), by Application (Cameras, Smartphones, Vehicles, Robots, AR/VR Devices, and Others), and by End-Use Industry (Consumer Electronics, Automotive, Robotics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032”.
Artificial intelligence (AI) is a field of computer science focusing on developing intelligent machines that can work and react like humans. Machines with artificial intelligence can perform activities, such as learning, reasoning, and self-correction.
Rising technological advancements in the automotive sector over the past decade is likely to drive the mobile artificial intelligence (AI) market globally. Artificial intelligence is used in autonomous vehicles and their introduction in the automotive sector is projected to further boost the market. Various automotive manufacturers, such as Toyota, Ford, Honda, BMW, and Honda, are gearing to launch autonomous vehicles in the future. In 2018, Toyota announced its plan to collaborate with Uber Technologies Inc. along with an investment of USD 500 million for manufacturing autonomous cars. Furthermore, it is anticipated that the installation rate of AI-based systems in new vehicles will reach 109% in 2025, as compared to 8% in 2015. These factors are likely to drive the mobile artificial intelligence (AI) market in the upcoming years.
The global mobile artificial intelligence (AI) market is anticipated to grow over the forecast time period, owing to the rising technical advancements in the retail sector. Various retailers are using drones to deliver products to their customers. For instance, in 2018, Walmart, the retailing key player, announced the use of drones to enhance its customer service in retail outlets. These drones react to voice commands and gestures and help customers search for the required products. Furthermore, in 2017, Amazon and Microsoft announced their partnership to offer artificial intelligence platform to develop and deploy machine learning models for mobile applications.
The mobile artificial intelligence (AI) market is segmented based on technology node, application, and end-use industry. By technology node, this market includes 5nm-10nm, 11nm-20nm, and above 20nm. Cameras, Smartphones, vehicles, robots, AR/VR devices, and others form the application segment of the mobile artificial intelligence (AI) market. Smartphones are expected to hold a considerable share in the mobile artificial intelligence (AI) market over the forecast time period, due to the increasing product demand in the Asia Pacific. By end-use industry, the market comprises consumer electronics, automotive, robotics, and others. Automotives are projected to grow significantly in the future, owing to the advanced technology introduced in cars.
Europe is likely to drive the global mobile artificial intelligence (AI) market over the estimated timeframe, due to the launch of new automation features in vehicles by various automotive manufacturers. UK and Germany are anticipated to make substantial contributions toward this regional market, owing to the presence of automotive giants, such as BMW, Audi, and Jaguar. The Middle Eastern and African region is anticipated to hold a substantial share in the global mobile artificial intelligence (AI) market in the future, due to the rising adoption of IoT in various Gulf countries, such as UAE and Saudi Arabia.
Some players included in this report are
- IBM Corporation
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Intel Corporation, Apple, Inc.
- Alphabet Inc.
- MediaTek Inc.
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.,
This report segments the global mobile artificial intelligence (AI) market as follows:
Global Mobile Artificial Intelligence (AI) Market: Technology Node Segment Analysis
- 5nm-10nm
- 11nm-20nm
- Above 20nm
Global Mobile Artificial Intelligence (AI) Market: Application Segment Analysis
- Cameras
- Smartphones
- Vehicles
- Robots
- AR/VR Devices
- Others
Global Mobile Artificial Intelligence (AI) Market: End-Use Industry Segment Analysis
- Consumer Electronics
- Automotive
- Robotics
- Others
Global Mobile Artificial Intelligence (AI) Market: Regional Segment Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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