New York, NY, Dec. 18, 2018 (GLOBE NEWSWIRE) -- 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.

Browse through 84 Tables & 29 Figures spread over 146 Pages and in-depth TOC on “Global Mobile Artificial Intelligence (AI) Market Size & Share 2017 Analysis: Industry Type, Technology, Trends, Growth, and Forecast to 2024”.

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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.

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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.

North America is anticipated to hold a significant share of the global mobile artificial intelligence (AI) market over the estimated timeframe. The regional growth can be attributed to the growing usage of VR technology in the gaming sector. In 2016, about 50% of the overall U.S. media and entertainment revenue was from the gaming sector. The revenue is anticipated to rise due to the increasing demand for VR applications. The U.S. is likely to be the key contributor in this regional market. AI usage in AR/VR applications is anticipated to drive the North American mobile artificial intelligence (AI) market in the upcoming years.

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The European mobile artificial intelligence (AI) market is preliminarily driven by the increasing usage of robotics in the manufacturing sector. Robotics automation is widely used to manufacture vehicles. In 2016, the automotive sector contributed about 35% toward the robotics market. During the same year, robot sales in this sector grew by about 6% as compared to 2015. Europe contributed about 23% to the overall vehicle production, with Germany and UK being significant contributors.

Asia Pacific segment is anticipated to hold a considerable share of the mobile artificial intelligence (AI) market over the projected timeframe. China is the largest Asian manufacturer of consumer electronics. In 2015, China contributed about 40% toward consumer electronics exports among the Asian countries. Furthermore, the consumer electronics market in India is also growing. In 2018, the electronics hardware production in the country touched nearly USD 60 billion. Increasing demand for smartphones, smart speakers, and other consumer durables in the region are likely to drive this regional market in the future.

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

The Middle Eastern and African is anticipated to make a substantial contribution to the global mobile artificial intelligence (AI)market, owing to the rising adoption of AI in the region. UAE is taking initiatives to utilize AI-based technologies to develop a knowledge-based economy. In 2018, UAE and India signed a deal worth USD 20 billion for AI co-operation.

The Latin American mobile artificial intelligence (AI) market is likely to grow significantly over the estimated time period. In 2017, EDP Brazil announced an investment of USD 2.51 million in AI to inspect the effect of process automation using robots. These investments are anticipated to open new growth avenues for the region’s mobile artificial intelligence (AI) market in the future.

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.

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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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