Press release
On-Device AI Market to Reach USD 251.20 Billion by 2034, Growing at a CAGR of 28.0%
The global on-device artificial intelligence (AI) market size was valued at USD 21.29 billion in 2024 and is projected to register a CAGR of 28.0% during 2025-2034.
Market Definition
On-device AI is the deployment and execution of AI algorithms directly on local devices such as smartphones, tablets, wearables, IoT devices, and edge computing systems, rather than relying on cloud-based servers. This approach enables faster processing, enhanced data privacy, reduced latency, and improved offline functionality.
Download Free Sample PDF Copy of the Report:
https://www.polarismarketresearch.com/industry-analysis/on-device-ai-market/request-for-sample
Key Highlights from the Report
By component, the hardware segment held the largest share in 2024, mainly due to the growing integration of AI-specific chipsets, such as Neural Processing Units (NPUs), Tensor Processing Units (TPUs), and edge AI accelerators, into both consumer and industrial devices. The software segment is also expected to grow significantly during the forecast period.
According to vertical analysis, the consumer electronics segment led the market in 2024, driven by the widespread adoption of AI-powered smart TVs, speakers, home automation systems, and entertainment devices. The healthcare segment is also expected to see substantial growth in the coming years.
In 2024, North America held the largest on-device AI market share, driven by the extensive integration of edge AI technologies across key sectors such as automotive, consumer electronics, and healthcare.
The Asia Pacific market is expected to register the highest CAGR during the forecast period, driven by rapid digital transformation, growing consumer electronics manufacturing, and rising smartphone penetration.
Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/on-device-ai-market/request-for-discount-pricing
Driving Factors
Rising Adoption of IoT Devices
The rapid growth in the adoption of Internet of Things (IoT) devices across industries such as smart homes, industrial automation, and wearables is significantly boosting the demand for on-device AI.
Increasing AI Adoption in Automotive and Healthcare
The automotive and healthcare industries are swiftly adopting on-device AI to meet application-specific needs such as low latency, real-time decision-making, and offline functionality.
Competitive Analysis
The market's competitive landscape is fast-evolving, influenced by rapid technological advancements and aggressive expansion strategies. Key players in the market include:
Advanced Micro Devices, Inc.
Amazon.com, Inc.
Apple Inc.
Google LLC
Intel Corporation
Meta
Microsoft
NVIDIA Corporation
Qualcomm Technologies, Inc.
Untether AI
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/on-device-ai-market
Market Segmentation
By Component Outlook (Revenue, USD Billion, 2020-2034)
Hardware
Software
By Deployment Outlook (Revenue, USD Billion, 2020-2034)
Cloud
On-premises
By Technology Outlook (Revenue, USD Billion, 2020-2034)
On-Device AI
Natural Language Processing
Computer Vision
Speech Recognition
By Device Type Outlook (Revenue, USD Billion, 2020-2034)
Smart Home Devices
Smartphones & Tablets
Wearables
Others
By Vertical Outlook (Revenue, USD Billion, 2020-2034)
Automotive
Consumer Electronics
Healthcare
Manufacturing
Retail
Security & Surveillance
Others
Buy Now:
https://www.polarismarketresearch.com/buy/4719/0
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
More Trending Latest Reports by Polaris Market Research:
Car Care Products Market
https://www.nsnheadlines.com/post/car-care-products-market-report-and-type-2034
Soil Moisture Sensors Market
https://www.nsnheadlines.com/post/soil-moisture-sensors-market-evaluation-and-forecast-2034
Amniotic Products Market
https://www.nsnheadlines.com/post/amniotic-products-market-size-and-report-2034
Collagen and Gelatin Market
https://www.nsnheadlines.com/post/collagen-and-gelatin-market-overview-and-applications-2034
Immune Health Supplements Market
https://www.nsnheadlines.com/post/immune-health-supplements-market-share-and-dynamics-2034
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release On-Device AI Market to Reach USD 251.20 Billion by 2034, Growing at a CAGR of 28.0% here
News-ID: 4079928 • Views: …
More Releases from Polaris Market Research & Consulting
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
