The global mobile artificial intelligence market was USD 8.51 billion in 2020 and is expected to reach USD 78.80 billion by 2027, witnessing 25.95% CAGR during the forecast period 2021-2027. The rising penetration of AI-powered application processors in smartphones, rise in edge computing, advancement of real-time artificial intelligence computation in consumer devices will bolster the growth of mobile artificial intelligence market. Moreover, AI-based mobile processors will support computation applications in wearable electronics, drones, robots, autonomous vehicles will create opportunities in the mobile artificial intelligence market.

The COVID-19 pandemic has led to a sudden reduction in the product development owing to the disruption in supply chain, lockdown measures and insufficient labor force resulting in production slowdown of smartphones, robots, cameras, and drones, resulting in decline in demand for mobile AI during the outbreak. Moreover, there was a reduction in demand for mobile AI in the automotive sector too.

Request to get free sample copy at https://www.vynzresearch.com/semiconductor-electronics/mobile-artificial-intelligence-market/request-sample

Based on application the mobile artificial intelligence market is segmented into smartphones, AR/VR (Augmented Reality/Virtual Reality), robotics, cameras, automotive, drones, and others. Among the segments, smartphones is anticipated to witness the largest share during the forecast period owing to the rising demand for real-time voice processing and image recognition will propel the growth of the market. Also, companies such as Samsung, Xiaomi (China), and MediaTek are investing in their current and upcoming smartphones, as they are equipped with AI chips.

Geographically, North America Is anticipated to be the largest-growing region in the global mobile artificial intelligence market owing to the rising demand and a suitable environment for start ups and SMEs, initiatives taken by the government and regulatory compliance.

Key players operating in the global mobile artificial intelligence industry: NVIDIA, International Business Machines Corporation (IBM), Samsung, Intel, Apple, Alphabet, Inc. (Google), Microsoft Corporation, MediaTek, Qualcomm Incorporated, and Huawei (Hisilicon).

Source: VynZ Research