Press release
Global Mobile Artificial Intelligence Market to Reach $54.05 Billion by 2029, Growing at 24.8% CAGR
Mobile Artificial Intelligence Market Size
The mobile artificial intelligence market is expected to grow from $17.45 billion in 2024 to $22.3 billion in 2025, at a CAGR of 27.8%. This growth is driven by the growing adoption of smartphones and tablets, increasing research and development, awareness of AI-based solutions, and growing dependence on IoT devices.
Mobile Artificial Intelligence Market: Expected to grow to $54.05 billion by 2029 at a CAGR of 24.8%. Growth is driven by AI-based solutions, mobile processor advancements, AI software frameworks, and mobile AI apps. Trends include AI chipsets, hardware advancements, edge AI, and 5G connectivity.
What Factors Are Fueling Growth in the Mobile Artificial Intelligence Market?
The increasing penetration of smartphones is expected to boost the mobile artificial intelligence (AI) market. Smartphones serve as powerful platforms for AI applications, providing personalized, intelligent, and on-the-go experiences. Uswitch Limited reported a 3.8% increase in mobile connections in the UK in 2022, with 95% of the population projected to own smartphones by 2025. As smartphone adoption rises, so does the demand for mobile AI, driving market growth.
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Which Leading Companies Are Shaping the Growth of the Mobile Artificial Intelligence Market?
Major companies operating in the mobile artificial intelligence market are Apple Inc., Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Tencent Holdings Limited, Amazon Web Services Inc., Intel Corporation, IBM Corporation, LG Electronics Inc., Qualcomm Incorporated, NVIDIA Corporation, Salesforce Inc., Nokia Corporation, MediaTek Inc., Baidu Inc., Cerebras Systems Inc., H2O.ai Inc., Fuzhou Rockchip Electronics Co Ltd., Cambricon Technologies Corporation Ltd., Huawei Technologies Co Ltd., Shanghai Thinkforce Electronic Technology Co Ltd, Blaize Inc., Kneron Inc., Graphcore Ltd., Deephi Technology Co Ltd.
What Are the Emerging Trends in the Mobile Artificial Intelligence Industry?
In the mobile artificial intelligence market, major players are embracing new technologies like generative AI to maintain their market position. Generative AI is a type of artificial intelligence that creates various types of content, such as text, images, audio, and synthetic data. For instance, in April 2023, Sofy, a US-based company providing automation solutions for mobile apps, launched SofySense, a no-code, generative AI-powered mobile app testing solution. Generative AI helps generate new data from existing data, while no-code testing allows users to conduct testing without writing code. This combination aims to revolutionize mobile app testing by automating processes and boosting efficiency. SofySense minimizes time spent reviewing results by generating test cases and facilitating the seamless transition from manual tests to automated ones, eliminating the need to create automation code.
What Are the Key Segments of the Mobile Artificial Intelligence Market?
The mobile artificial intelligence market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology Node: 20-28 Nano Meter (NM), 10 Nano Meter (NM), 7 Nano Meter (NM), Other Technology Nodes
3) By Application: Smartphones, Robotics, Augmented Reality (AR) And Virtual Reality(VR), Cameras, Drones, Automotive, Other Applications
Subsegments:
1) By Hardware: AI Chips, Sensors, Mobile Devices
2) By Software: Machine Learning Algorithms, Natural Language Processing (NLP) Tools, AI Frameworks And Platforms, Mobile Applications With AI Capabilities
3) By Services: AI Consulting Services, AI Integration Services, AI Maintenance And Support Services, Custom AI Development Services
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Which Region Dominates the Mobile Artificial Intelligence Market?
North America was the largest region in the mobile artificial intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mobile artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Mobile Artificial Intelligence Global Market Report?
- Market Size Analysis: Analyze the Mobile Artificial Intelligence Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mobile Artificial Intelligence Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mobile Artificial Intelligence Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mobile Artificial Intelligence Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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