The global Mobile AI is growing by leaps and bounds. The market growth attributes to growing AI and hyperscale computing applications accelerating the integrated Cadence digital flow and custom/analog tool suite. The proliferation of hyperscale computing, 5G communications, and smart mobile phones are major trends in the market.

With the constant development of holographic technology, the application range of mobile AI is getting wider and wider. Besides, the rising automation and digitization across the industries substantiate market growth. The growing need for digital transformations in industries worldwide escalates the market growth further. 

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Major Players:

Players leading the mobile AI market are

• NVIDIA (US)
• Apple Inc (US)
• Huawei (China)
• Amazon Inc (US)
• Samsung Electronics (South Korea)
• Qualcomm (US)
• IBM Corporation (US)
• Intel Corporation (US)
• Microsoft Corporation (US)
• Google Inc (US)
• MediaTek (Taiwan)
• Graphcore (UK)

According to a leading research firm Market Research Future (MRFR), the global mobile AI market is expected to create significant value by 2030, registering a massive CAGR during the forecast period (2022 to 2030). Mobile AI sees greater opportunities due to its ability to make continuous improvements.

Additionally, the increasing number of AI-enabled mobile applications and AI-based products & services drive the growth of the market. Also, the changing strategic framework impacts market growth positively. Conversely, the lack of technical expertise and AI standards are major factors projected to impede the market's growth. Nevertheless, growing competition across the industries and the growing emphasis on business intelligence would support market growth throughout the assessment period.

Global Mobile AI Market   - Segments

The report is segmented into mobile platform, application, vertical, regions. The mobile platform segment is sub-segmented into Android, iOS, and Windows. The application segment is sub-segmented into virtual assistant, navigation, camera, chatbots, drones, and others. The vertical segment is sub-segmented into healthcare, finance, education, travel & tourism, media & entertainment, and others.

Mobile AI Market - Regional Analysis

North America leads the global mobile AI market, mainly due to the wide adoption of various technologies to integrate artificial intelligence in smartphones. Moreover, the presence of the majority of key players such as NVIDIA Corporation, IBM Corporation, and Qualcomm drive the growth of the mobile AI market in this region.

Increasing R&D investments to develop AI technologies and the digital transformation in the region foster market growth. Also, the increasing demand for intelligent virtual assistants boosts the regional market growth. 

The European mobile AI market holds the second-largest share. The market growth is fostered by the presence of various notable players and large deployments of these AI technologies in smartphones. Additionally, the high adoption of automation solutions in the manufacturing sector pushes the regional market growth. 

Asia Pacific mobile AI market is growing rapidly. Factors such as the proliferation of digitization and increasing uses of smartphones influence the growth of the regional market. Augmenting demand for automation tools and the rising adoption of AI and cloud computing impact the market growth positively. India and China are major markets for AI technologies in the region.

Mobile AI Market   - Competitive Analysis

Highly competitive, the mobile AI market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and expansion remain prevailing key trends for the leading players as these strategic moves support their growth and expansion plans. 

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Mobile AI Industry Developments:

January

• Google releases the first version of its new Tensor Processing Unit (TPU) for mobile devices, which is designed to accelerate AI workloads.
• Apple announces that its new iPhone 14 will feature a new AI chip that is said to be twice as powerful as the A15 Bionic chip in the iPhone 13.

February

• Facebook releases a new AI-powered tool that can automatically translate text in real time.
• Samsung announces that its new Galaxy S22 will feature a new AI camera that can automatically adjust settings to take better photos.

March

• Microsoft releases a new AI-powered productivity app that can help users to write more effectively.
• Amazon releases a new AI-powered voice assistant that can understand natural language commands more accurately.

April

• Google releases a new AI-powered gaming platform that can automatically generate personalized recommendations for games.
• Apple announces that its new iOS 16 operating system will include a new AI-powered feature that can automatically detect and filter spam messages.

May

• Facebook releases a new AI-powered tool that can automatically generate captions for videos.
• Samsung announces that its new Galaxy Fold 4 will feature a new AI-powered hinge that can automatically adjust its stiffness depending on the user's needs.

June

• Microsoft releases a new AI-powered security tool that can automatically detect and block malicious threats.
• Amazon releases a new AI-powered home assistant that can automatically learn the user's preferences and routines.

July

• Google releases a new AI-powered translation app that can translate text between over 100 languages.
• Apple announces that its new macOS Ventura operating system will include a new AI-powered feature that can automatically organize files and folders.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

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