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Global Mobile Artificial Intelligence Market Size By Technology Node (20–28nm, 10nm, 7nm), By Application (Smartphones, Cameras, Drones), By Geographic Scope And Forecast


Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Mobile Artificial Intelligence Market Size By Technology Node (20–28nm, 10nm, 7nm), By Application (Smartphones, Cameras, Drones), By Geographic Scope And Forecast

Mobile Artificial Intelligence Market Size And Forecast

Mobile Artificial Intelligence Market size was valued at USD 10429 Million in 2021 and is projected to reach USD 81430 Million by 2030, growing at a CAGR of 25.66% from 2022 to 2030.

Machine learning and deep learning are driving the transformation, increasing the demand for more powerful on-device AI solutions. AI can be found in almost every smartphone feature, from the camera to smart assistants. AI enables devices to acquire information and rules automatically, as well as reach conclusions and take actions independently, by simulating human intelligence. Mobile devices can now provide more enriching and secure experiences thanks to these capabilities. As technology advances, on-device AI solutions that are both fast and power efficient will be the key to unlocking future innovations like virtual reality and autonomous driving while also reducing reliance on cloud AI operations.

Global Mobile Artificial Intelligence Market Definition

Artificial intelligence (AI) refers to intelligence demonstrated by machines rather than natural intelligence displayed by animals such as humans. AI research is defined as the study of intelligent agents, which refers to any system that perceives its environment and acts to maximize its chances of achieving its objectives. Machines that mimic and display “human” cognitive skills associated with the human mind, such as “learning” and “problem-solving,” were previously referred to as “artificial intelligence.” Major AI researchers have since rejected this definition, instead describing AI in terms of rationality and acting rationally, which does not limit how intelligence can be expressed.

Advanced web search engines e.g., Google, recommendation systems e.g., YouTube, Amazon, understanding human speech e.g., Alexa, self-driving cars e.g., Tesla, automated decision-making, and competing at the highest level in strategic game systems are just a few examples of AI applications (such as chess and Go). The AI effect is a phenomenon that occurs as machines become more capable and tasks considered to require “intelligence” are often removed from the definition of AI. Optical character recognition, for example, is frequently left out of AI discussions despite the fact that it has become a commonplace technology.

Since its inception as an academic discipline in 1956, artificial intelligence has gone through several phases of optimism, disappointment, and funding loss, followed by new approaches, success, and renewed funding. Since its inception, AI research has tried and rejected a variety of approaches, including simulating the brain, modeling human problem solving, formal logic, large knowledge databases, and imitating animal behavior. During the first two decades of the twenty-first century, highly mathematical-statistical machine learning dominated the field, and this technique has proven to be extremely effective in solving a variety of difficult problems in industry and academia.

Global Mobile Artificial Intelligence Market Overview

The growth drivers for the market are the Growing Demand for AI-Capable Processors in Mobile Devices, and the Growing Number of AI Applications. Cloud-based complex AI algorithms were previously incapable of performing tasks on computers, mobile phones, and other devices. This limitation became a stumbling block for AI’s rapid adoption in consumer electronics. As a result, tier-one semiconductor hardware manufacturers, including smartphone vendors, are increasingly focusing on application processor designs and frameworks that will enable AI to be retrieved on the device rather than in the cloud. Due to oversaturated use of available spectrums/increasing traffic in available spectrums, mobile device connectivity suffers from high latency, network congestion in densely populated areas, and increased levels of signal collision.

Mobile equipment can benefit from on-device processors that can help it compute data in real-time with minimal latency (much lower compared to the cloud). Drones, augmented reality solutions, cameras, and autonomous and semiautonomous cars all require running deep learning algorithms in real-time to make quick decisions, so low latency is a critical design feature. Any delay in communication due to latency can have disastrous or fatal consequences. Apple (US) and Google (US) are currently using AI-capable processors in their flagship smartphone products on the market. More players are expected to enter this market during the forecast period as AI is increasingly used in autonomous cars, drones, and other mobile devices.

There has been an increase in investments in various AI-based technologies in recent years. This factor is propelling the Global Mobile Artificial Intelligence Market forward. Furthermore, a surge in demand for AI-capable processors across the globe is driving the Mobile Artificial Intelligence Market. Several countries’ governments are enacting various favorable policies to encourage the start-up culture. This factor is boosting the demand for mobile artificial intelligence in the global market (AI). Some of the key applications of products from the Mobile Artificial Intelligence Market include cameras, smartphones, automotive, drones, AR/VR, and robotics. The restraints for the market growth are Premium Pricing of AI Processors and a Limited Number of AI Experts. Whereas the opportunities are Dedicated Low-Cost AI Chips for Camera and Vision Applications in Mobile Devices and Growing Demand for Edge Computing in IoT.

Global Mobile Artificial Intelligence Market Segmentation Analysis

The Global Mobile Artificial Intelligence Market is Segmented on the basis of Technology Node, Application, and Geography.

Mobile Artificial Intelligence Market, By Technology Node

  • 20–28nm
  • 10nm
  • 7nm
  • Others

Based on Technology Node, the market is segmented into 20–28nm, 10nm, 7nm, and Others. By technology node, 10nm nodes account for the largest share (in terms of volume) of the Mobile Artificial Intelligence Market, with a high CAGR expected over the forecast period. The increasing penetration of 10nm technology nodes in new high-end smartphones can be attributed to the market’s growth. Advances in the 10nm technology node result in more power-efficient processors as well as improved smartphone battery life and performance. AI chips are found in the majority of modern high-end smartphones.

Mobile Artificial Intelligence Market, By Application

  • Smartphones
  • Cameras
  • Drones
  • Automotive
  • Robotics
  • Augmented Reality (AR)/ Virtual reality (VR)
  • Others (Smart Boards And PCs)

Based on Application, the market is segmented into Smartphones, Cameras, Drones, Automotive, Robotics, Augmented Reality (AR)/ Virtual reality (VR), and Others (Smart Boards and PCs). The market for AI processors for smartphones is growing due to the rising demand for real-time voice processing and image recognition. The neural processing units (NPUs) in most AI processors are capable of parallel processing, low power consumption, and can perform cognitive tasks. On-device AI, which relies on dedicated AI chipsets, is expected to become more prevalent in all flagship smartphones this year. The majority of new high-end smartphones have AI chips with a dedicated neural processing unit. Face unlocking, intelligent display rotation, and a smart notifications lock are among the AI features included in the neural processing unit.

Mobile Artificial Intelligence Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of The World

On the basis of Regional Analysis, the Global Mobile Artificial Intelligence Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, the Mobile Artificial Intelligence Market in the Asia Pacific is expected to grow at the fastest rate. China is the largest Mobile Artificial Intelligence Market in the Asia Pacific. Smartphones, industrial robots, and automotive applications all have a lot of potential for mobile AI, which is helping to grow the mobile AI market in the Asia Pacific. As a result of the region’s business expansion opportunities, it is becoming a magnet for major investments. Various Chinese start-ups are raising funds to expand their presence in the mobile AI market.

Key Players

The “Global Mobile Artificial Intelligence Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Apple Inc., Google, NVIDIA Corporation, Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm Inc., Samsung Electronics, Huawei Technology, and MediaTek Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In May 2019, Intel announced a partnership with Microsoft and Asus to create the world’s first AI on PC Development Kit, which will deliver a brand-new laptop form factor with the latest AI software and hardware technologies, putting developers at the forefront of AI application development.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2022-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Apple Inc., Google, NVIDIA Corporation, Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm Inc.

SEGMENTS COVERED
  • By Technology Node
  • By Application
  • By Geography
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