Global Mobile Artificial Intelligence (AI) Market Is Set For A Rapid Growth And Is Anticipated To Reach USD 22.4 Billion By 2024

17-Dec-2018 | Zion Market Research

Zion Market Research has published a new report titled “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”. According to the report, the global mobile artificial intelligence (AI) market accounted for USD 3.9 billion in 2017 and is expected to reach USD 22.4 billion globally by 2024, at a CAGR of 28.4% between 2018 and 2024.

Artificial intelligence (AI) is a field of computer science focusing on developing intelligent machines that can work and react like humans. Machines with artificial intelligence can perform activities, such as learning, reasoning, and self-correction.

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Browse the full "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" Report At https://www.zionmarketresearch.com/report/mobile-artificial-intelligence-market

Mobile Artificial Intelligence (AI) Market

Rising technological advancements in the automotive sector over the past decade is likely to drive the mobile artificial intelligence (AI) market globally. Artificial intelligence is used in autonomous vehicles and their introduction in the automotive sector is projected to further boost the market. Various automotive manufacturers, such as Toyota, Ford, Honda, BMW, and Honda, are gearing to launch autonomous vehicles in the future. In 2018, Toyota announced its plan to collaborate with Uber Technologies Inc. along with an investment of USD 500 million for manufacturing autonomous cars. Furthermore, it is anticipated that the installation rate of AI-based systems in new vehicles will reach 109% in 2025, as compared to 8% in 2015. These factors are likely to drive the mobile artificial intelligence (AI) market in the upcoming years.

The global mobile artificial intelligence (AI) market is anticipated to grow over the forecast time period, owing to the rising technical advancements in the retail sector. Various retailers are using drones to deliver products to their customers. For instance, in 2018, Walmart, the retailing key player, announced the use of drones to enhance its customer service in retail outlets. These drones react to voice commands and gestures and help customers search for the required products. Furthermore, in 2017, Amazon and Microsoft announced their partnership to offer artificial intelligence platform to develop and deploy machine learning models for mobile applications.

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. Cameras, Smartphones, vehicles, robots, AR/VR devices, and others form the application segment of the mobile artificial intelligence (AI) market. Smartphones are expected to hold a considerable share in the mobile artificial intelligence (AI) market over the forecast time period, due to the increasing product demand in the Asia Pacific. By end-use industry, the market comprises consumer electronics, automotive, robotics, and others. Automotives are projected to grow significantly in the future, owing to the advanced technology introduced in cars.

Europe is likely to drive the global mobile artificial intelligence (AI) market over the estimated timeframe, due to the launch of new automation features in vehicles by various automotive manufacturers. UK and Germany are anticipated to make substantial contributions toward this regional market, owing to the presence of automotive giants, such as BMW, Audi, and Jaguar. The Middle Eastern and African region is anticipated to hold a substantial share in the global mobile artificial intelligence (AI) market in the future, due to the rising adoption of IoT in various Gulf countries, such as UAE and Saudi Arabia.

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.

This report segments the global mobile artificial intelligence (AI) market as follows:

Global Mobile Artificial Intelligence (AI) Market: Technology Node Segment Analysis

  • 5nm-10nm
  • 11nm-20nm
  • Above 20nm

Global Mobile Artificial Intelligence (AI) Market: Application Segment Analysis

  • Cameras
  • Smartphones
  • Vehicles
  • Robots
  • AR/VR Devices
  • Others

Global Mobile Artificial Intelligence (AI) Market: End-Use Industry Segment Analysis

  • Consumer Electronics
  • Automotive
  • Robotics
  • Others

Global Mobile Artificial Intelligence (AI) Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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