The Global Mobile AI Market size is estimated to reach $20.9 billion by 2026, growing at a CAGR of 29.3% over 2021-2026.

Artificial Intelligence mimics human behavior by refiguring data to the T and smoothly, simulating human behavior to make autonomous decisions. Mobile AI has come to stay in the markets long after technology came into being, making way for the smooth discovery. Consumers are mobile first today and seek the mobile in enriching their knowledge, in contrast to computers. The advent of technology has led mobiles to simulate an immersive user experience. By inculcating AI, many apps have made inroads mainstream to automate principal tasks. AI included chatbots have gained prominence in technology integrating apps with voice controls making life easier. Mobile apps have come in to majorly dominate the market during the forecast timeframe.
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Drivers
Rising investments in AI industry attracting growth for mobile AI market
The global mobile AI industry is making waves all over and is witnessing attractive growth in the industry. Factors such as demand for AI in mobiles and rising investments in the new technology coupled with AI instilled processors are moving the market in tandem. Inception of edge computing in the industry will also drive the Mobile AI industry over the forecast period. Low cost AI chips in camera and sight applications have given a new meaning to the mobile AI market.
Restraints
Excessive pricing of AI equipped processors in the market have been viewed as a restraint in the market.
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Segmentation
The global mobile artificial intelligence (AI) market is classified by technology into component, application, and region. By technology node, the market is bifurcated into 20-28nm, 10nm, 7nm, and others. By component, it is segmented into hardware, software, and services. On the basis of hardware, the market spans processor, memory, sensor, others. Depending on application, it is truncated into smartphones, cameras, drones, automotive, robotics, AR/VR, and others.
By Region
North America in tech enabled startups favorable for mobile AI market
Region wise the market is divided into North America, Europe, Asia pacific, MEA and South America.
North America turns out to be a very favorable market thanks to the friendly market for pursuing tech related start-ups and SME’s in pursuance with government regulations.
The global mobile artificial intelligence (AI) market is moderately fragmented in nature. The market experiences existence of many starkly entrenched companies. Hence, the competitive landscape of the market for mobile artificial intelligence (AI) is highly intense. Firms operating in mobile artificial intelligence (AI) market are using diverse strategies such as M & A (mergers and acquisitions), joint ventures, and collaborations in order to maintain their leading positions.
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Opportunities
The potential for Mobile AI is diverse with businesses taking note. To make a point, Bring your own device (BYOD) is not new to the workplace bringing AI led mobiles to remote computing a trend evolved with many organizations.
Government in several nations has instated several policies to encourage start-up paradigm which is favoring the mobile AI market. Cameras, drones, automotive, VR/AR and robotics originate from the mobile AI stable.
Key Developments
• In Oct 2022, Artificial Intelligence Company AIEGS AI introduces its Mobile Application for the Android subscribers in India
• On Dec 23 2022, Merlin AI introduces First ChatGPT iOS and Android Mobile App
Key Players
The key players profiles of the mobile artificial intelligence (AI) market players include NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Qualcomm Inc. (U.S.), Apple Inc. (U.S.), Google (U.S.), Samsung Electronics (South Korea), MediaTek Inc. (Taiwan), and Huawei Technologies (China). They are focusing their investment on technologically progressed, cost-conscious, and more secure products and solutions for various applications.
TOC:
Global Mobile AI Market Growth, Trend and Forecast 2020-2028
Chapter 1 Mobile AI Market Overview
1.1 Product Overview and Scope of Mobile AI
1.2 Mobile AI Market Segmentation by Type
1.2.1 Global Production Market Share of Mobile AI by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Mobile AI Market Segmentation by Application
1.3.1 Mobile AI Consumption Market Share by Application in 2019
1.3.2 Application 1
TOC Continued…
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