GenAI Smartphones & AI PCs Market Size is predicted to develop a 35.22% CAGR during the forecast period for 2024-2031.
Advanced artificial intelligence technologies are being integrated into next-generation AI smartphones and AI PCs to enhance user experiences, optimize performance, and introduce new features. These gadgets utilize artificial intelligence to quickly handle vast amounts of data, acquire knowledge from user behaviors, and make intelligent judgments, providing tailored and intuitive interactions. AI smartphones and PCs are gaining enhanced capabilities in comprehending and anticipating user requirements, providing tailored guidance, and automating chores to enhance time management and optimize effectiveness.
The increased processing efficiency, improved user experiences, and expanded feature sets of these upgraded devices fuel the expansion of the worldwide market for GenAI smartphones and AI personal computers. Furthermore, with the help of generative AI, smartphones might revolutionize multimedia content creation, make photo and video editing a breeze, and offer improved speech-to-text, translation, and gaming capabilities.
However, the market growth is hampered by the anticipates about security and privacy criteria for the safety and health of GenAI smartphones & AI PCs market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or GenAI smartphones & AI PCs, because Concerns about user privacy and security may arise if AI capabilities in smartphones and computers process massive volumes of personal data. Consumers may hesitate to use AI-enabled devices due to their importance in safeguarding their personal information. The degree to which the market accepts these technologies may be affected. The global market has been hit hard by the COVID-19 pandemic, and many manufacturers have had to close their doors to keep their employees safe from the virus. This has put a damper on the industry's growth prospects.
Competitive Landscape
Some Major Key Players In The GenAI Smartphones & AI PCs Market:
- Samsung
- Qualcomm
- Apple
- HP
- Dell
- Lenovo
- MSI
- Intel
- Microsoft
- Xiaomi
- Vivo
- Honor
- Oppo
- Other Prominent Players
Market Segmentation:
The GenAI smartphones & AI PCs market is segmented based on type, processing power, and connectivity. Based on type, the market is segmented into GenAI smartphones and AI PCs. By processing power, the market is segmented into high-performance products and mid-range and budget products. By connectivity, the market is segmented into 4G/LTE and 5G/LTE GenAI Smartphones.
Based On The Processing Power, The Mid-Range And Budget Products Segment Is Accounted As A Major Contributor To The Genai Smartphones & AI Pcs Market.
The mid-range and budget products GenAI smartphones & AI PCs market is expected to hold a major global market share. Modern technological innovations have made these devices more desirable by increasing their processing capacity. The more affordable options and enhanced performance characteristics like efficient processors have made smartphones more accessible, especially in the mid-range and budget categories.
AI Pcs Segment To Witness Growth At A Rapid Rate.
As organizations and individuals want more processing capacity for AI applications like machine learning and data analysis, AI PCs provide the infrastructure. In response to rising demand for AI-powered tasks like data analysis and machine learning, AI personal computers are powering the infrastructure that businesses and consumers rely on. Adding AI to PCs improves performance and increases the rising tide of AI-powered apps, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The North American Genai Smartphones & AI Pcs Market Holds A Significant Revenue Share.
The North American GenAI smartphones & AI PCs market is expected to lead with the maximum market share in the near future. It can be attributed to the area's established technological landscape and tech-savvy customer base. The market expansion is also aided by strong infrastructure and substantial investments in research and development. Asia Pacific is to grow with a rapid rate in the global GenAI smartphones & AI PCs market due to the growing disposable income and a large population showing an increasing affinity for new technologies, which are driving market expansion in the region.
Recent Developments:
- In March 2024, Reportedly, Microsoft is advancing the incorporation of artificial intelligence into Windows 11 with the forthcoming 'AI Explorer' feature. The sophisticated Copilot provides a searchable history of user interactions across applications in an effort to revolutionize them.
- In Feb 2024, Apple is poised to compete against Microsoft and Google by introducing its Generative AI advancements, scheduled for release in 2024. Apple's primary focus after releasing the Vision Pro mixed-reality headset is to include generative artificial intelligence capabilities into the iPhone and other devices.
GenAI Smartphones & AI PCs Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 35.22% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Processing Power, And Connectivity |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Apple, Google, Samsung, Qualcomm, HP, Dell, Lenovo, MSI, Intel, Microsoft, Xiaomi, Vivo, Honor, and Oppo and other prominent players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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