Published on : Aug 09, 2018
Albany, New York, August 9, 2018: Globally, the development of smartphone AI has paved the way for a new era of mobile technology that promises to make future mobile phones smarter. AI on smartphones is one of the big trends to look out for in the year 2018. To portray its global view, Market Research Hub (MRH) has freshly publicized a study titled “Development of the Global Smartphone Industry and Its Trends in Artificial Intelligence, 1H 2018 and Beyond” to its vast repository. The study gives comprehensive insights into the current state of the smartphone market and contains several forward-looking statements regarding the potential growth prospects of crucial elements and segments of the market.
As the title of the report suggests, the study throws light on smartphone industry on the basis of four crucial chapters, such as development of major smartphone brands, development of the smartphone industry, AI smartphone application development trends and development of AI-powered smartphones. For a better understanding of the market, the study on global smartphone industry consists of market size in the first half of 2018, Y-o-Y growth and CAGR during the projected period of 2017-2021.
In the present time, no one can deny the fact that when it comes to setting the trend for innovations in the mobile and electronics industry, smartphone manufacturers are by far the best. AI is poised to make a strong impact on the global smartphone market. As per analyst’s key projections, the global smartphone market growth in 2018 is expected to be similar to that in 2017. One of the major factors behind this growth is the evolution of Artificial Intelligence. Future AI capabilities will allow smartphones to learn, plan and solve problems for users. This isn't just about making the smartphone smarter, but extending people by reducing their intellectual load. The most popular smartphone AI feature today is the AI personal assistant that comes with modern smartphones. AI can also identify facial features and automatically enhance them for a superior picture.
Meanwhile, the long-awaited 5G smartphones will hit the market in 2019 but the widespread adoption of 5G commercial networks will have to wait until 2020-2021; significant replacement demand for 5G smartphones is projected to surface by 2020 end.
Later, the research study presents market condition on the basis of geographical landscape, where the number of subscribers is gaining strong foothold in the market. As per the research, the smartphone subscriber growth in US and European markets remain still, and India, the Middle East, and Africa now are the major growth drivers instead; due to India's customs tariff for imports, Taiwanese OEM/ODM makers and smartphone brands like Samsung and Oppo have thus increased their investments in India for India-made smartphones.
In the present time, major smartphone giants in the market include Samsung, Huawei, Xiaomi, Oppo, and Vivo.
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