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Artificial Intelligence (AI) In Smartphone And Wearable Market Trends That Will Shape the Next Decade: Insights from Advanced Solutions In Artificial Intelligence For Smartphones And Adaptive Displays
Artificial Intelligence (AI) In Smartphone And Wearable
How Large Will the Artificial Intelligence (AI) In Smartphone And Wearable Market Size By 2025?
The market for artificial intelligence (AI) in smartphones and wearables has expanded rapidly in the past few years. An upward shift is expected from $65.6 billion in 2024 to $86.21 billion in 2025, recording a compound annual growth rate (CAGR) of 31.4%. This escalating growth during the historical period can be linked to the enhanced usage of semiconductor technology, the rise of cloud computing, an increase in mobile internet connectivity, heightened investment in AI research and development, and a surge in consumer demand for intelligent features.
How Big Is the Artificial Intelligence (AI) In Smartphone And Wearable Market Size Expected to Grow by 2029?
The market for artificial intelligence (AI) in smartphones and wearables is projected to experience significant expansion in the upcoming years, surging to a value of $254.44 billion by 2029, with a compound annual growth rate (CAGR) of 31.1%. This anticipated growth during the forecast period can be ascribed to enhancements in data confidentiality and safety, escalating utilization of machine learning, increased computing power, broadening of 5G and future connectivity, and amplified implementation of AI integration. Emerging trends for the forecast period encompass progress in health monitoring, natural language processing (NLP), predictive text and smart replies, and the incorporation of augmented reality (AR).
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Which Key Market Drivers Powering Artificial Intelligence (AI) In Smartphone And Wearable Market Expansion and Growth?
Anticipated advancements in 5G networks will potentially fuel the progression of the artificial intelligence (AI) market in smartphones and wearables. The growth of 5G networks is linked to the escalating need for advanced data speeds, superior network dependability, enhanced IoT connectivity, and the requirement for supporting emerging technologies like augmented reality (AR), virtual reality (VR), and self-governing vehicles. AI in smartphones and wearables benefits from 5G networks due to accelerated data transfer speeds, reduced latency, and superior trustworthy connectivity, allowing for real-time processing and seamless integration of AI-reliant applications and services. For instance, T-Mobile International AG, a German mobile telecommunications firm, revealed that there were over 1 billion active 5G subscriptions in February 2023, a figure projected to rise to 5 billion 5G subscriptions by the conclusion of 2028. Hence, the growth of 5G networks is a significant catalyst for the market of AI in smartphones and wearables.
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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence (AI) In Smartphone And Wearable Market?
Leading firms in the AI in smartphone and wearable sector are focusing on crafting innovative solutions like adaptive display technologies to enhance user interactions, heighten the functionality, and stimulate originality in personal devices, thereby facilitating effortless integration of AI features into daily-use gadgets. Adaptive displays are flexible screen technologies that adapt their shape and size to suit user needs, thereby enhancing user-friendly experiences in gadgets like smartphones and wearables. For example, in November 2023, Motorola Solutions Inc., an American technology firm, introduced an AI-integrated wearable smartphone. This advanced device boasts a flexible POLED screen that can be wrapped around the wrist or used as a standalone mini tablet, enabling users to fold it into different forms for hands-free use, such as a bracelet or watch. Integrated with AI, it boosts the user experience and reinforces security using machine learning algorithms to safeguard against unauthorized access. Motorola seeks to transform user engagement by amalgamating smartphone functionalities with the handiness of wearable tech, establishing a new benchmark for adaptive devices in the market.
What Are the Emerging Segments in the Artificial Intelligence (AI) In Smartphone And Wearable Market?
The artificial intelligence (AI) in smartphone and wearable market covered in this report is segmented -
1) By Device Type: Smartphones, Wearables, Artificial Intelligence (AI) Assistants
2) By Operating System: Android, iPhone Operating System (iOS), Wear Operating System (OS)
3) By Deployment Model: On-Device Artificial Intelligence (AI), Cloud-Based Artificial Intelligence (AI), Hybrid Artificial Intelligence (AI)
4) By User Interface: Speech Recognition, Natural Language Understanding, Computer Vision, Haptic Feedback
5) By Application: Voice Control And Virtual Assistants, Camera And Image Enhancement, Natural Language Processing, Health And Fitness Monitoring, Security And Authentication
Subsegments:
1) By Smartphones: AI-Powered Cameras, AI-Based Voice Assistants, AI For Battery Management And Optimization, AI-Powered Facial Recognition And Security, AI-Driven App Recommendations And Personalization, AI-Enhanced Mobile Processors
2) By Wearables: AI-Driven Fitness Trackers, Smartwatches With AI Features, AI-Powered Earbuds and Audio Devices, AI For Sleep and Activity Tracking, AI-Based Health Monitoring And Diagnostics In Wearables
3) By Artificial Intelligence (AI) Assistants: AI Virtual Assistants For Smartphones, AI Personal Assistants In Smart Wearables, AI Assistants For Health And Fitness Guidance, AI-Enhanced Voice Recognition And Natural Language Processing, AI-Based Contextual And Predictive Assistance
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Who Are the Global Leaders in the Artificial Intelligence (AI) In Smartphone And Wearable Market?
Major companies operating in the artificial intelligence (AI) in smartphone and wearable market are Amazon.com Inc., Apple Inc., Google LLC, Samsung Electronics Co Ltd, Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Group Corporation, Lenovo Group Limited, LG Corporation, Intel Corporation, Qualcomm Incorporated, Xiaomi Corporation, Nokia Corporation, TCL Technology Group Corp., MediaTek Inc., Oppo, Vivo Communication Technology Co. Ltd., Garmin Ltd., Honor Device Co. Ltd., ARM Holdings plc, Fossil Group Inc., OnePlus Technology Co. Ltd., Meizu Technology Co. Ltd., Noise, Realme
Which are the Top Profitable Regional Markets for the Artificial Intelligence (AI) In Smartphone And Wearable Industry?
North America was the largest region in the artificial intelligence (AI) in smartphone and wearable market in 2024. The regions covered in the artificial intelligence (AI) in smartphone and wearable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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