Press release
Mobile Artificial Intelligence Market Share Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Mobile Artificial Intelligence Market Share
The proliferation of smartphones is predicted to fuel the mobile artificial intelligence Market Share's expansion. As powerful, hand-held electronic devices, smartphones merge the features of a mobile phone and a personal computer, making them crucial for introducing and utilizing mobile artificial intelligence. They provide versatile platforms for mobile AI, enhancing AI-enabled functions, personalized user experiences, intelligent interactions, and mobile AI processing. For example, Uswitch Limited, a UK-based firm, reported in February 2023 that mobile connections in the UK had risen by 3.8% (approximately 2.6 million) since 2021 to 71.8 million. The UK population is anticipated to reach 68.3 million by 2025, with an expected 95% (approximately 65 million people) owning a smartphone. Thus, the surge in smartphone usage will spur the growth of the mobile artificial intelligence sector. The rise in drone usage will likewise boost the mobile artificial intelligence Market Share's trajectory. Drones are autonomous aircraft that can be remotely operated by a pilot or guided by technology for self-flying. Mobile AI is a key part of drone advancement, allowing them to operate more independently, intelligently, and efficiently cross various applications and industries. Through their ability to process information in real time, recognize objects, and make informed decisions, drones become more versatile and valuable tools in diverse sectors. In February 2024, Airservices Australia, a federally owned Australian institution, predicted that the yearly number of drone flights within Australia's airspace would grow from 1.5 million in 2023 to 60.4 million by 2043. Therefore, the rising drone use in different sectors is steering the mobile artificial intelligence Market Share.
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What growth opportunities are expected to drive the mobile artificial intelligence Market Share's CAGR through 2034?
Over the past few years, the size of the mobile artificial intelligence Market Share has seen tremendous growth. The Market Share size, which stands at $17.45 billion in 2024, is projected to increase to $22.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 27.8%. Factors contributing to this growth during the historical period include the rising use of smartphones and tablets, enhanced research and development activities, growing awareness of AI-based solutions, and an increasing reliance on IoT devices.
The Market Share size for mobile artificial intelligence is projected to experience substantial expansion in the coming years. An increase to $54.05 billion is anticipated by 2029, marking a Compound Annual Growth Rate (CAGR) of 24.8%. The surge in the projection period can be credited to the escalating use of AI-based solutions in diverse sectors, the growing power of mobile processors, the creation of novel mobile AI software frameworks, and a rising demand for mobile AI applications. The prediction period will also witness significant trends including AI chipsets, improvements in hardware, AI-driven mobile applications, edge AI, and 5G connectivity.
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What are the emerging trends shaping the future of the mobile artificial intelligence Market Share?
Leading businesses in the mobile AI Market Share are staying ahead of their competitors by incorporating advanced technologies such as generative AI. This AI type is capable of generating diverse types of content, including text, images, audio, and synthetic data. For example, Sofy, an American firm specializing in automation solutions for mobile applications, introduced SofySense in April 2023. This no-code mobile app testing solution uses generative AI technology. The tool can generate new data from available data and allows for software testing without the need for coding. The integration of these technologies could significantly transform the mobile app testing process by automating it, thereby promoting efficiency. SofySense minimizes the time required to analyze results and identify problems by producing test cases that restrict research and test design needs. It also facilitates the easy conversion of test cases into automated tests, reducing the time spent on scripting automation code.
Which growth-oriented segments of the mobile artificial intelligence Market Share are leading the industry's development?
The mobile artificial intelligence Market Share 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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What regions are leading the charge in the mobile artificial intelligence Market Share?
North America was the largest region in the mobile artificial intelligence Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mobile artificial intelligence Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the mobile artificial intelligence Market Share?
Major companies operating in the mobile artificial intelligence Market Share 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.
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What Is Covered In The Mobile Artificial Intelligence Global Market Share Report?
•Market Share Size Forecast: Examine the mobile artificial intelligence Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile artificial intelligence Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the mobile artificial intelligence Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile artificial intelligence Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile artificial intelligence Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile artificial intelligence Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile artificial intelligence Market Share.
•Competitive Landscape: Review strategic developments in the mobile artificial intelligence Market Share, including expansions, agreements, and new product launches.
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