PUBLISHER: 360iResearch | PRODUCT CODE: 1496711
PUBLISHER: 360iResearch | PRODUCT CODE: 1496711
[186 Pages Report] The Mobile Artificial Intelligence Market size was estimated at USD 17.46 billion in 2023 and expected to reach USD 21.41 billion in 2024, at a CAGR 24.61% to reach USD 81.51 billion by 2030.
Mobile artificial intelligence (AI) refers to deploying advanced AI algorithms and models on mobile devices, enabling these devices to learn from data, make predictions, and make autonomous decisions in real-time. This transformative technology enhances user experiences through personalized content, improved device performance, and novel applications such as real-time language translation and image recognition. The proliferation of mobile AI is primarily fueled by the exponential increase in mobile computing power, advancements in AI and machine learning technologies, and the escalating demand for smarter, context-aware mobile applications. The increasing popularity of home automation devices is also expanding the use of mobile AI. Irrespective of its benefits, mobile AI faces challenges, including privacy concerns, limited processing capabilities compared to cloud-based systems, and high energy consumption impacting device battery life. Addressing these issues involves optimizing AI algorithms for mobile platforms, ensuring strict data security and privacy measures, and developing energy-efficient AI models. The advancements in mobile AI technologies and their exponential use in automotive and wearable devices are expected to create immense opportunities for commercialization. Partnerships between mobile AI providers and mobile device companies across industries are accelerating the development of improved mobile AI versions.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 17.46 billion |
Estimated Year [2024] | USD 21.41 billion |
Forecast Year [2030] | USD 81.51 billion |
CAGR (%) | 24.61% |
Regional Insights
The Americas stands as a major region in the innovation and application of mobile AI, fostered by pioneering tech companies and startups. This region benefits from significant R&D investments and a robust ecosystem supporting AI startups, which propels its dominance in AI application development and deployment in mobile technologies. The APAC region, led by countries such as China and South Korea, showcases rapid adoption rates coupled with substantial government backing in AI technologies, making it a considerable force in the production and use of mobile AI. The focus in APAC is more on the integration of AI in consumer electronics and mobile services. APAC also observes the rise of small-scale startups in AI backed by angel investors, particularly in the healthcare and retail sectors. With AR & VR technologies gaining popularity in the region's gaming sector, the adoption of mobile AI is expected to rise further. EMEA, with its diverse landscape, navigates through a more regulated environment, particularly in the EU, which impacts the pace of AI integration into mobile technology. This region excels in research and the formulation of ethical AI guidelines, presenting a balanced approach between innovation and regulation. Companies in EMEA heavily invest in adopting AI to enhance user privacy and data security in mobile applications, aligning with the stringent GDPR standards.
Market Insights
The market dynamics represent an ever-changing landscape of the Mobile Artificial Intelligence Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Mobile Artificial Intelligence Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Mobile Artificial Intelligence Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Apple Ramps up Generative AI Efforts for iPhones Ahead of iOS 18
Apple's unveiled mobile artificial intelligence (AI) updates for iOS 18, pivoting towards on-device generative AI capabilities, such as an enhanced Siri powered by a large language model. This development aims to position Apple on par with its competitors' voice assistants. Furthermore, Apple's recent hardware advancements, demonstrated by introducing the M3 Max and A17 Bionic chips, underscore the company's readiness for complex AI operations. [Published On: 2024-01-25]
Google's Gemini Pro and Imagen 2 to deploy in producing new text, voice, and image features on the new Samsung Galaxy S24 series
Samsung Electronics and Google Cloud have forged an innovative multi-year alliance to integrate Google Cloud's advanced generative artificial intelligence (AI) technologies into Samsung smartphones worldwide. Samsung and Google partnered to enhance technological accessibility and utility for all. This partnership leverages Gemini Pro's multimodal capabilities on Vertex AI, offering Samsung users a premier AI experience. [Published On: 2024-01-18]
Intel Unveils new AI-Centric Core Ultra Mobile Processors
Intel unveiled its Core Ultra mobile processors during the AI Everywhere event, marking a significant development in mobile artificial intelligence. These cutting-edge processors are available worldwide and have been embraced by the industry, with over 230 AI-equipped PCs already utilizing this technology. This AI PC represents a new generation of personal computers designed to meet the demand for more performance and battery life. [Published On: 2023-12-14]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Mobile Artificial Intelligence Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Mobile Artificial Intelligence Market, highlighting leading vendors and their innovative profiles. These include Advanced Micro Devices, Inc., AIMobile Co., Ltd., AIStorm Inc., Apple Inc., AT&T Inc., Blaize, Inc., Cerebras Systems Inc., DataRobot, Inc., Google LLC by Alphabet Inc., Graphcore Ltd., Huawei Technologies Co., Ltd., Imagination Technologies Ltd., Intel Corporation, International Business Machines Corporation, Kneron, Inc., MediaTek Inc., Meta Platforms, Inc., Microsoft Corporation, Nvidia Corporation, Passio, Inc., Qualcomm Incorporated, rabbitAI GmbH, Rockchip Electronics Co., Ltd., SambaNova Systems, Inc., Samsung Electronics Co., Ltd., Shanghai Thinkforce Electronic Technology Co., Ltd., Turing Video, and Zhongke Cambrian Technology Co., Ltd..
Market Segmentation & Coverage