WESTFORD, Mass., July 3, 2024
/PRNewswire/ -- According to SkyQuest, the global Mobile Artificial
Intelligence (AI) Market size was valued at USD 13.4 billion in 2022 and is poised to grow
from USD 17 billion in 2023 to
USD 114.36 billion by 2031, growing
at a CAGR of 26.9% in the forecast period (2024-2031).
Mobile artificial intelligence (AI) refers to the operation of
AI models simply on-device without the need for external servers or
internet connectivity. Advancements in semiconductor technology and
artificial intelligence technology are highly crucial in
determining the future of mobile artificial intelligence (AI)
market going forward. Targeting the right segment is highly
important for any mobile artificial intelligence (AI) market player
to maximize their business potential and this is why segmental
analysis is highly vital for informed decision-making. The global
mobile artificial intelligence (AI) market is segmented into
technology node, application, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/mobile-artificial-intelligence-market
Mobile Artificial Intelligence (AI) Market
Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 17 billion
|
Estimated Value by
2031
|
$ 114.36
million
|
Growth Rate
|
Poised to grow at a
CAGR of 26.9%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Technology Node and
Application
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Development of novel
blockchain AI solutions that give benefits of both technologies
involved
|
Key Market
Opportunities
|
Advancements in AI
Platforms is Propelling Sales
|
Key Market
Drivers
|
High Sales of
Smartphones Driving Market Growth
|
Segments covered in Mobile Artificial Intelligence
(AI) Market are as follows:
- Technology Node
- 7 nm, 10nm, 20-28nm, Others
- Application
- Smartphones, Cameras, Drones, Automobile, Robotics, AR/VR,
Others (Smart Boards, Laptops, PCs)
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/mobile-artificial-intelligence-market
Better Speed and Low Power Consumption Allows 10nm Processors
to Be Highly Popular
Growing demand for mobile AI devices around the world has
boosted the need for better and more advanced processors and
semiconductors. 10 nm technology has emerged as a preferred one
when it comes to mobile artificial intelligence (AI) devices owing
to its faster performance and better efficiency as compared to
other technology nodes. The low cost of 10 nm AI chips also allows
them to be used in budget-friendly smartphones and thereby
contributes to a higher market share of this segment as well.
Mobile artificial intelligence (AI) companies should invest in this
segment to maximize their revenue generation potential in the long
run.
Meanwhile, 7 nm technology is anticipated to be the most
lucrative segment for companies targeting the future market.
Investing in the development of faster, smarter, and more efficient
7 nm technology will pay off big time for mobile artificial
intelligence (AI) market players in the long run. Growing
transistor density in 7 nm chips for advanced AI applications will
also create new opportunities for market players via this segment
through 2031 and beyond.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/mobile-artificial-intelligence-market
Smartphones Take the Lead in Terms of Mobile Artificial
Intelligence (AI) Adoption
There probably isn't a more popular or widely used mobile device
than smartphones. The robust popularity of smartphones and their
unbelievably high sales have made them a key application for mobile
AI companies around the world. AI-enabled smartphones are the new
trend, and this is why more and more smartphone companies are
investing in the development of novel mobile AI solutions.
Increasing integration of smartphone features with AI is opening a
wide window of opportunity for all mobile artificial intelligence
(AI) companies.
Reality is changing and mobile artificial intelligence will have
a key role in this change going forward. Virtual reality, augmented
reality, and mixed reality technologies are blurring the lines
between virtual and real worlds. Empowering these devices with
mobile AI solutions will create a whole new level of immersion that
could redefine the world's digital experience. Integration of
multiple advanced technologies is a key trend that will further
offer new application scope for mobile artificial intelligence (AI)
companies.
Mobile AI companies have significant opportunities for growth as
AI becomes increasingly integrated into various aspects of life. To
maximize long-term returns on investment, these companies should
prioritize advancing 10nm technology for smartphones.
Related Report:
AI Market
Artificial Intelligence (AI) Chipsets Market
Artificial Intelligence (AI) Platform Market
Artificial Intelligence (AI) in Manufacturing Market
Artificial Intelligence (AI) in Banking, Financial Services, and
Insurance (BFSI) Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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SOURCE SkyQuest Technology