Mobile Artificial Intelligence (AI) Market by Technology Node (5nm-10nm, 11nm-20nm, and Above 20nm), by Application (Cameras, Smartphones, Vehicles, Robots, AR/VR Devices, and Others), and by End-Use Industry (Consumer Electronics, Automotive, Robotics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Global mobile artificial intelligence (AI) market expected to reach USD 22.4 billion globally by 2024, at a CAGR of 28.4% between 2018 and 2024. Rising technological advancements in the automotive sector over the past decade is likely to drive the mobile artificial intelligence (AI) market globally.

17-Dec-2018 | Number of pages: 146 | Report Code: ZMR-3644 | Report Format : | Status : Published

Analysis

Artificial intelligence (AI) is the ability of electronic devices, such as computers, Smartphones, cameras, and computer-controlled robots, to perform tasks that are generally associated with humans. Some of the prominent AI computer applications include learning, speech recognition, planning, and problem-solving.

The mobile artificial intelligence (AI) market is likely to be fuelled by the increasing demand for robots by various sectors. In 2016, the global robot sales increased by about 16%, i.e., to 294 thousand units, due to the automation of various manufacturing processes. In 2017, the global demand for industrial automation equipment reached USD 202.2 billion. This demand is projected to reach USD 218 billion by 2019.

Mobile Artificial Intelligence (AI) Market

Mobile artificial intelligence (AI) market is anticipated to grow at a rapid pace owing to the rising demand for Smartphones. Major Smartphone manufacturers are utilizing AI in smartphones and various other devices. The global smartphones sales in the first quarter of 2017 increased by about 9% as compared to the same period in 2016. Apple, Samsung, and Huawei had a share of 13.7%, 20.7%, and 9%, respectively in 2017. Furthermore, the total smartphones shipments are expected to reach 1.64 billion units by 2022. However, the lack of technical expertise might limit the mobile artificial intelligence (AI) market globally in the years ahead. Automation in the Asia Pacific region is likely to open new growth avenues for the mobile artificial intelligence (AI) market in the future.

The mobile artificial intelligence (AI) market is segmented based on technology node, application, and end-use industry. By technology node, this market includes 5nm-10nm, 11nm-20nm, and above 20nm. The 5nm–10nm segment is anticipated to hold a considerable share of the mobile artificial intelligence (AI) market over the forecast time period, due to the increasing demand for smartphones. The 11nm–20nm segment is likely to grow significantly owing to the rising expenditure on cameras and other consumer electronics. Cameras, Smartphones, vehicles, robots, AR/VR devices, and others form the application segment of the mobile artificial intelligence (AI) market. By end-use industry, the market comprises consumer electronics, automotive, robotics, and others.

North America is anticipated to hold a significant share of the global mobile artificial intelligence (AI) market over the estimated timeframe. The region is technologically advanced and is likely to contribute significantly toward mobile artificial intelligence (AI) market growth. Rising technological investments in the U.S. and thriving retail sector are to fuel this regional market. Asia Pacific is projected to grow notably in the future, owing to the initiatives taken by the government of developing countries, such as India and China, to promote digitalization.

Some major players operating in the global mobile artificial intelligence (AI) market are IBM Corporation, Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Intel Corporation, Apple, Inc., Alphabet Inc., MediaTek Inc., Samsung Electronics Co., Ltd., and Huawei Technologies Co., Ltd., among others.


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