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Rising Smartphone Penetration Fuels Growth In The Mobile Artificial Intelligence Market: Core Growth Enabler in the Mobile Artificial Intelligence Market, 2025
Mobile Artificial Intelligence Market
What Will the Mobile Artificial Intelligence Industry Market Size Be by 2025?
In recent times, the size of the mobile artificial intelligence market has witnessed a substantial growth. It is projected to escalate from $17.45 billion in 2024 to $22.3 billion in 2025, recording a compound annual growth rate (CAGR) of 27.8%. The notable growth observed in the historic period can be ascribed to factors such as the surge in adoption of smartphones and tablets, amplified research and development activities, rising awareness about ai-based solutions, and an increasing reliance on iot devices.
What's the Long-Term Growth Forecast for the Mobile Artificial Intelligence Market Size Through 2029?
The market size of mobile artificial intelligence is projected to expand remarkably in the coming years, reaching a value of $54.05 billion in 2029 with a CAGR of 24.8%. The predicted growth in the forecast period can be credited to the escalating use of AI-oriented solutions across different industries, the enhanced capabilities of mobile processors, the emergence of fresh mobile AI software infrastructures, and the mounting demand for mobile AI applications. Notable emerging trends in the forecast period will include AI chipsets, hardware advancements, AI-infused mobile apps, edge AI, and 5G connectivity.
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What Are the Key Growth Drivers Fueling the Mobile Artificial Intelligence Market Expansion?
The surge in smartphone usage is predicted to fuel the expansion of the mobile artificial intelligence market. These handheld electronic devices, which blend the capabilities of a mobile phone and a personal computer, have significant implications for the implementation and utilization of mobile artificial intelligence (AI). They facilitate AI-driven functions, bespoke interactions, intelligent communication, and AI processing on the go. For example, Uswitch Limited, a UK-based price comparison and switching service firm, reported in February 2023 that the UK had 71.8 million mobile connections, an increase of approximately 2.6 million or 3.8% from 2021. The UK population is estimated to reach 68.3 million by 2025, with roughly 95% (or roughly 65 million people) expected to own a smartphone. Consequently, the mobile artificial intelligence market is predicted to grow due to the higher prevalence of smartphones. Mobile Artificial Intelligence Market Driver: Drones Contribute to the Growth of Mobile Artificial Intelligence
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What Are the Key Trends Driving Mobile Artificial Intelligence Market Growth?
Leading entities in the mobile artificial intelligence market landscape are leveraging cutting-edge technologies, such as generative AI, to maintain their competitive edge. As a form of artificial intelligence, generative AI can churn out diverse types of content from text to synthetic data, imagery, and audio. A case in point, Sofy, an American company specializing in automation solutions for mobile applications, introduced SofySense in April 2023. This product is a no-code mobile application testing solution that is powered by generative AI. Not only can generative AI fabricate new data from pre-existing data, but no-code solutions also allow software testing without the need for code-writing. This amalgamation has the potential to transform mobile application testing by streamlining and automating the process. SofySense diminishes time wasted on inspecting outcomes for potential issues by generating test cases, mitigating the need for test design and research. It also facilitates the easy transition of test cases into automated tests instead of investing time in creating automation code.
How Is the Mobile Artificial Intelligence Market Segmented?
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 Companies Are Leading the Charge in Mobile Artificial Intelligence Market Innovation?
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.
Which Regions Are Leading the Global Mobile Artificial Intelligence Market in Revenue?
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.
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