Top 2 Players in the Mobile Artificial Intelligence (AI) Market

The mobile AI market is expected to be reach USD 17.83 billion by 2023 from USD 5.11 billion in 2018, at a CAGR of 28.41% during the forecast period. Growing demand for AI-capable processors for use in mobile devices and rise in cognitive computing are the major factors driving the growth of the mobile AI market. Dedicated low-cost AI chips for camera and vision applications in mobile devices and increasing demand for edge computing in IoT are expected to offer lucrative opportunities for players in the mobile AI market during the forecast period.

The mobile AI market is highly competitive owing to the presence of a large number of global and regional market players. Product launches and developments are the most prominent strategies adopted by key industry players in the recent years. Moreover, partnerships, collaborations, and acquisitions are the other major growth strategies followed by the players in the mobile AI market. Key players implementing these strategies are Apple (US), NVIDIA (US), Huawei (China), Samsung Electronics (South Korea), Qualcomm (US), Intel (US), IBM (US), Microsoft (US), MediaTek (Taiwan), and Google (US).

Top 2 players in the mobile AI market:

Apple implements artificial intelligence (AI) and machine learning technologies in consumer and enterprise-level devices. The company has added various features, such as security and social networking, to their devices. The aforementioned devices highlight a trend wherein artificial intelligence (AI) is moving toward end devices instead of relying more on cloud services. This, as a result, has created opportunities for chip suppliers to bring robust chips and graphics processing units (GPUs) and other solutions, such as accelerators and vision processing units (VPUs), to the market. Apple mainly focuses on product launches and acquisitions to maintain its competitive position in the mobile AI market. The company is working on a dedicated chip to power AI on-devices. Its iPhone X, iPhone 8, and iPhone 8 Plus contain A11 Bionic chip, which includes dedicated neural network hardware called “Neural Engine”.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138681717

Qualcomm is continuously growing in the mobile AI market. The company has R&D centers in various locations worldwide. Its robust R&D capabilities enabled it to develop a strong patent portfolio. Qualcomm focuses on organic and inorganic strategies, such as product launches, partnerships, and collaborations, to grow in the market. The company’s Snapdragon mobile platform has accelerated the migration of intelligence from the cloud to edge devices in key device categories, including mobile, IoT, and automotive. For example, in June 2017, Qualcomm (US) launched Snapdragon 845, a mobile CPU. Qualcomm Snapdragon 845 is the third generation mobile AI platform, which delivers up to three times faster processing of neural networks and offers on-device AI support compared with the previous generation SoC. Moreover, collaborations with strong technology companies help the company enhance its on-device AI portfolio.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441