Market Size of Mobile Artificial Intelligence Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 28.65 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mobile Artificial Intelligence Market Analysis
Over the next few years, the mobile artificial intelligence market is expected to register a CAGR of 28.65%. Virtual assistants and bots will become more widespread and intelligent in the near future, freeing employees from monotonous tasks like answering simple questions or performing routine tasks. As for the assistants, Amazon already introduced Alexa Shopping and more such virtual helpers, each programmed to do a specific range of tasks to make lives easier.
- The rise of cognitive computing and the growing number of AI applications drive the market. With technologies like AI and ML, cognitive computing systems can look at a huge amount of data, find insights, and use those insights to learn and improve. Cognitive solutions are being used by more and more industries and organizations to improve their operations, such as data volume, insight generation, action planning, and management, which increases productivity.
- Artificial intelligence (AI) has permeated and disrupted the IT industry across various end-user industries worldwide. AI leads to remarkable breakthroughs for businesses and their customers. With the influx of technological developments such as virtual assistance, self-driving cars, chatbots, etc., AI is expected to disrupt the way mobile devices are used. A machine that operates with a degree of autonomy needs to, in some sense, be able to understand its surroundings.
- The main things that are making the market grow are the rise of AI applications in many different end-user industries and the growing demand for cognitive computing and automation.Also, more and more people are using mobile devices in their daily lives, such as at work, in school, and for personal use. This makes it more important to automate these devices so they don't need human help.
- With digitization, the dependence on mobile devices is increasing BYOD trends in the workplace, stimulating an increase in the use of mobile devices. Also, the increased usage of mobile devices to make important decisions due to the increased dependency on these devices is further stimulating the need for AI in these devices to make automated decisions.
- Furthermore, the growth of connected devices due to IoT is augmenting the need for AI-assisted control of these devices. The market is also growing because more and more people want processors and chipsets in these devices that can handle AI.This is because putting AI into a mobile device is most important when it comes to integrating the technology into the chipsets.
- The rise of COVID-19 created huge opportunities for the growth of the mobile AI market worldwide. The increasing use of AI in health care and self-diagnosis systems boosted the market's demand.
Mobile Artificial Intelligence Industry Segmentation
Mobile AI (artificial intelligence) has significantly influenced human contact with gadgets and machines in various industries, including advertising, travel, utilities, communication, and equipment. Mobile AI has the capacity to perform and complete monotonous tasks that are exceedingly taxing for humans. It is also used to find out locations quickly and easily via augmented reality, and it is critical in professions that need a high level of precision and exactness.
The mobile artificial intelligence market is segmented by application (smartphone, camera, drone, robotics, automotive, and other applications) and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Application | |
Smartphone | |
Camera | |
Drone | |
Robotics | |
Automotive | |
Other Applications |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Mobile Artificial Intelligence Market Size Summary
The mobile artificial intelligence market is poised for significant growth, driven by the increasing integration of AI applications across various end-user industries and the rising demand for cognitive computing and automation. As mobile devices become more integral to daily life, the need for AI to automate tasks and enhance user experience is becoming paramount. The proliferation of connected devices through the Internet of Things (IoT) further amplifies this demand, as AI-assisted control becomes essential for managing these devices. The market is also benefiting from advancements in AI-specific chipsets, which are crucial for embedding AI capabilities directly into mobile devices. The COVID-19 pandemic has accelerated this trend, particularly in sectors like healthcare, where AI has been leveraged for self-diagnosis and other applications.
North America is expected to be a major contributor to the mobile AI market, supported by a favorable business environment for startups and SMEs, as well as significant federal investment in AI research and development. The region's well-established healthcare sector and evolving digital infrastructure are also key factors driving market growth. Major tech companies, including Apple, Google, and Microsoft, are actively expanding their AI capabilities through acquisitions and partnerships, further fueling market expansion. The market remains highly fragmented, with intense competition among numerous players offering AI solutions. As AI technology continues to advance, its integration into mobile devices is set to transform user interactions and enhance device functionality, making it a critical component of future mobile technology.
Mobile Artificial Intelligence Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Smartphone
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2.1.2 Camera
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2.1.3 Drone
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2.1.4 Robotics
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2.1.5 Automotive
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2.1.6 Other Applications
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2.2 By Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle East & Africa
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Mobile Artificial Intelligence Market Size FAQs
What is the current Mobile Artificial Intelligence Market size?
The Mobile Artificial Intelligence Market is projected to register a CAGR of 28.65% during the forecast period (2024-2029)
Who are the key players in Mobile Artificial Intelligence Market?
Intel Corporation, Microsoft Corporation, Alphabet Inc. (Google LLC), Apple Inc. and Samsung Electronics Co. Ltd. are the major companies operating in the Mobile Artificial Intelligence Market.