Market research firm Canalys released a report that shows the current market share of Smartphones with major AI capabilities and also predicts how it will change over the next couple of years.
According to this report, 16% of globally shipped smartphones at present already integrate at least some sort of AI capabilities and it will reportedly reach a whopping 54% by 2028. You can see the prediction for each year in the image below.
Industry analysts believe that the market for smartphones with AI capabilities will grow at a compound annual growth rate of 63% between 2023 and 2028. It is expected to be driven by consumer demand for enhanced features such as AI assistants and edge-to-edge processing.
Market research firm Canalys expects this shift to first appear in the flagship models. Currently, there are obvious technical limitations where the on-device models can only run on high-end devices. However, the models can get more efficient over time and are expected to be gradually accessible to the mid-range segment.
According to the market research firm, the transformative potential of smartphones with generative AI capabilities, driven by AI technology, begins sort of a new era for the smartphone industry. In the next 3-5 years, the addition of AI is expected to significantly improve the user experience. Sergio Buniac, the President of Motorola and the Senior Vice President of Lenovo Mobile Business, also noted the same while sharing his vision about Motorola’s smartphone business.
Companies such as Google and Samsung have already integrated a host of AI-based features into their recent flagships, although, there is no ‘AI phone’ or a similar branding yet. Various Chinese smartphone makers Huawei, Honor, Oppo, Xiaomi, and Vivo are also pushing the limits to incorporate as many AI features as possible in their high-end products. Their approach to integrating generative AI capabilities into devices includes everything from building in-house chips to training models for specific purposes.
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