Allied Market Research published a report on Mobile AI Market by Technology Node, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030. The global mobile artificial intelligence (AI) industry size was valued at $8.56 billion in 2020, and is projected to reach $84.80 billion by 2030, registering a CAGR of 26.44%.
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The emergence of edge-AI technology allows moving many of the backend profiling AI capabilities to the phone itself. Smartphones with an AI combo, are one of the biggest trends in the market today. AI has several uses on a handheld device, though the benefits are limited initially. Several mobile manufacturing companies are competing to develop AI features for smartphones according to the needs of the users.
Artificial Intelligence (AI) forms a key part of the engine behind the continued advancement of extended reality (XR). The AI technology gives mobile devices the ability to process and understand the 3D world, providing the platform for more engaging XR services. Also, with enhanced visual detection capability, AI-powered camera enables smartphones to offer more enriching photography experiences, empowering users to capture their vision.
In addition, AI technology is even used to improve photo quality, with an AI-recognition of depth that enables digital image postproduction editing of blur and sharpness. As the smartphone market shifts from selling technology products to delivering compelling and personalized experiences, AI solutions running on the smartphone will become an essential part of vendor roadmaps over the next two years.
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The company profile section of the Mobile AI Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Mobile AI Market include,
Region-wise, the Mobile AI Market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America region is projected to have the most significant increase in demand, as it provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. The overall Mobile AI Market analysis is determined to understand the profitable trends to gain a stronger foothold
Key Findings of the Study
The 20–28nm segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 30.81% during the forecast period.
The smartphones segment accounted for more than 35% of the global market share.
The robotics segment witness highest growth rate during the forecast period.
UK was the major shareholder in the Europe Mobile AI Market revenue, accounting for approximately 26% share
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