Mobile Artificial Intelligence Market to Hit $84.97 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 26, 2023 /PRNewswire/ -- The global mobile artificial intelligence market is anticipated to reach USD 84.97 billion by 2030, registering a CAGR of 26.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth has been significant in recent years due to several factors. One of the major drivers augmenting the market is the increasing processing power of mobile devices. Modern smartphones and tablets have powerful processors and graphics processing units (GPUs) that can efficiently run AI algorithms and models.

Key Industry Insights & Findings from the report:

• The 10 nm technology node segment led the market in 2022, accounting for over 44.73% share of the global revenue. The growth is attributed to the prominent growth of smartphones and digitalization in the market
• The emergence of edge computing with increasing processing power of mobile devices, AI models can now be deployed on the device itself, rather than in the cloud. This is known as edge computing and allows for faster and more efficient processing of data
• The prominent growth of Augmented reality (AR) and the overlay of digital information on the real world is fueling the market growth. Mobile AI is being used to develop AR applications that can recognize objects and provide information about them in real-time
• North America had the largest revenue share of over 30.77% in 2022. Due to major investment in mobile AI in the region

Read full market research report with latest industry insights, "Mobile Artificial Intelligence Market Size, Share & Trends Report By Technology Node (7 nm, 10 nm, 20-28 nm And Others), By Application (Smartphones, Cameras, Drones), By Region, And Segment Forecast, 2023 - 2030", published by Grand View Research.

Mobile Artificial Intelligence (AI) Market Growth & Trends

Another factor fueling the market growth of mobile artificial intelligence (AI) is the prominent availability of AI tools and frameworks. Many popular AI frameworks, such as TensorFlow, PyTorch, and Keras, have mobile versions that allow developers to build and deploy AI models on mobile devices. Mobile AI applications are used in healthcare, finance, education, and entertainment to improve efficiency, accuracy, and user experience. For instance, mobile AI analyzes medical images, detects fraud in financial transactions, and provides personalized learning experiences. Moreover, emerging data collection is also a significant factor in market growth. Mobile devices generate vast amounts of data, such as images, videos, and text, which can be used to train AI models. The growth of the Internet of Things (IoT) contributes to data availability by generating data from various sources, such as sensors and connected devices.

Overall, the growth of mobile AI is expected to continue as AI technology becomes more advanced and accessible and as mobile devices become more powerful and ubiquitous. It has the potential to transform various industries and improve the lives of people around the world, as its applications can be used in various domains. Some examples of mobile AI applications include speech recognition, image and video recognition, natural language processing, and predictive analytics.

Investments in various AI-based technologies have increased recently. This element is driving the global market for mobile AI. The rise in demand for processors with AI capabilities on a worldwide scale is another factor driving the market. Several nations' governments are implementing various advantageous policies to support the start-up culture. This reason is increasing the need for mobile AI in the international market. Smartphones, Cameras, drones, AR/VR, automobiles, and robots are a few of the significant industries in which items from the market is used. Limited AI Experts and Expensive AI Processors are the two factors limiting industry expansion. In contrast, the potential includes prominent demand for Edge Computing in IoT and Low-Cost vision applications in mobile devices and AI chips for cameras.

Mobile Artificial Intelligence (AI) Market Report Scope

Mobile Artificial Intelligence Market Segmentation

Grand View Research has segmented the global mobile artificial intelligence market based on technology node, application, and region:

Mobile Artificial Intelligence (AI) Market - Technology Node Outlook (Revenue, USD Million, 2017 - 2028)

• 7 nm
• 10 nm
• 20-28 nm
• Others (12 nm and 14 nm)

Mobile Artificial Intelligence (AI) Market - Application Outlook (Revenue, USD Million, 2017 - 2028)

• Smartphones
• cameras
• Drones
• Automobile
• Robotics
• AR/VR
• Others (smart boards, Laptops, PCs)

Mobile Artificial Intelligence (AI) Market - Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Kingdom of Saudi Arabiua
• UAE
• South Africa

List of Key Players of Mobile Artificial Intelligence (AI) Market

• Qualcomm
• Nvidia
• Intel
• IBM
• Microsoft
• Apple
• Huawei (Hisilicon)
• Alphabet (Google)
• Mediatek
• Samsung
• Cerebras Systems
• Graphcore
• Cambricon Technology
• Shanghai Thinkforce Electronic Technology Co., Ltd (Thinkforce)
• Deephi Tech
• Sambanova Systems
• Rockchip (Fuzhou Rockchip Electronics Co., Ltd.)
• Thinci
• Kneron

Check out more market research studies published by Grand View Research:

• Mobile Identity Management Market - The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.6% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices. The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.
• Mobile Content Management Market - The global mobile content management market size is expected to reach USD 12.29 billion by 2030 and expand at a CAGR of 22.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The market is expected to grow with the rise of mobile devices in the workplace, businesses are coping to manage and secure these devices while also enabling workers to work quickly and collaboratively. BYOD policies, which allow employees to use personal devices for work purposes, are growing in popularity but pose security threats. To serve the expanding number of mobile internet users, organizations aim to produce, manage, and offer content that is optimized for mobile devices.
• Mobile Satellite Services Market - The global mobile satellite services market size is expected to reach USD 9.65 billion by 2030, expanding at a CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Mobile Satellite Services (MSS) offer data and voice communication services by using satellites. Mobile satellite services are experiencing significant growth, driven by the increasing demand for reliable and secure connectivity in remote and hard-to-reach areas where terrestrial networks are limited.

Browse through Grand View Research's  Next Generation Technologies Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.