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What Is The Leading Driver Behind Rising Smartphone Penetration Fuels Growth In The Mobile Artificial Intelligence Market Market Expansion in 2025
Mobile Artificial Intelligence
Mobile Artificial Intelligence Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the mobile artificial intelligence market in the recent past has been substantial. The projections from 2024 indicate growth from $17.45 billion to $22.15 billion in 2025, signifying a compound annual growth rate (CAGR) of 26.9%. The sizeable growth experienced in the earlier years is due to several reasons including the widespread use of smartphones and tablets, an uptick in research and development activities, growing cognizance of AI-based solutions and a heightened reliance on IoT devices.
Mobile Artificial Intelligence Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, a rapid expansion is forecasted in the mobile artificial intelligence market, with its size projected to reach $53.7 billion by 2029, riding on a compound annual growth rate (CAGR) of 24.8%. The uptake of AI-based solutions in diverse industries, escalating strength of mobile processors, the emergence of novel mobile AI software frameworks, and the surging command for mobile AI applications are underpinning this growth in the predicted timeline. The major trends to watch out for during this period encompass AI chipsets, hardware advancements, AI-enabled mobile apps, edge AI, and 5G connectivity.
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What Are the Drivers Transforming the Mobile Artificial Intelligence Market?
The mobile artificial intelligence market's expansion is anticipated to be fueled by the growing prevalence of smartphones. Acting as versatile platforms for mobile AI, smartphones merge the capabilities of a personal computer with a mobile phone's convenience. They are crucial in the deployment and utilization of mobile artificial intelligence, allowing for AI-powered features, personalized user experiences, intelligent interactions, and portable AI processing. As an illustration, Uswitch Limited, a UK-based company specializing in price comparison and switching services, reported in February 2023 that mobile connections in the UK surged by 3.8% (roughly 2.6 million), bringing the total to 71.8 million when compared to 2021. The UK's population, projected to reach 68.3 million by 2025, will see about 95% (an estimated 65 million) owning a smartphone. Consequently, the escalating adoption of smartphones is the key driver of growth in the mobile artificial intelligence market.
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What Long-Term Trends Will Define the Future of the Mobile Artificial Intelligence Market?
Leading enterprises in the mobile artificial intelligence sector are leveraging innovative technologies, like generative AI, to maintain their market dominance. Generative AI is a form of artificial intelligence able to create various kinds of content such as text, images, audio, and synthetic data. For example, in April 2023, Sofy, a US company providing automation solutions for mobile applications, introduced SofySense, a generative AI-powered, no-code solution for mobile app testing. The ability of generative AI to generate new data from existing ones, coupled with no-code testing solutions that allow users to perform software tests without coding, could transform the mobile app testing landscape through automation and increased efficiency. SofySense minimizes the time spent on reviewing results to identify issues by generating test cases, eliminating the need for research and test design, thus facilitating the transition of test cases to automated tests, instead of investing time in creating automation code.
Which Segments in the Mobile Artificial Intelligence Market Offer the Most Profit Potential?
The mobile artificial intelligencemarket 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 Firms Dominate the Mobile Artificial Intelligence Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in 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.
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