Explosive Growth in the AI Smartphone Market: Set to Dominate by 2028

Introduction

With the rapid advancement of technology, the smartphone market has welcomed a new contender - AI smartphones. According to the latest forecast by Canalys, the market share of AI smartphones is expanding rapidly, indicating a new landscape for the future smartphone market.

AI Smartphone Market Growth Forecast

Canalys' research predicts that by 2024, AI smartphone shipments will account for 16% of global smartphone shipments. By 2028, this proportion is expected to surge to 54%. From 2023 to 2028, the compound annual growth rate (CAGR) of the AI smartphone market will reach an astonishing 63%.

Consumer Interest Analysis

Globally, 63% of respondents show interest in AI applications and capabilities on smartphones, but only 7% of respondents exhibit a highly interested inclination. In different regions, consumers in India and Mainland China show a significantly higher interest in AI smartphones compared to those in Germany and the United States.

First-Mover Advantage for Domestic Manufacturers

Domestic manufacturers such as Huawei, Honor, OPPO, Xiaomi, and vivo have already integrated generative AI functions into their devices, providing Mainland Chinese consumers with a rich selection of on-device AI smartphones, greatly attracting consumer interest. In other regions' smartphone markets, there are relatively fewer on-device AI smartphones available for consumers to choose from, leading to a weaker willingness to experience.

Data Security and Privacy Issues

Consumer interest in AI is constrained by privacy and data security issues. Therefore, when developing on-device AI smartphones, manufacturers need to focus on a series of related issues such as data security and user privacy. Ensuring that users can safely and transparently use their technology or products is an important path to increasing consumer interest.

Conclusion

The rapid growth of the AI smartphone market heralds the future trend of the smartphone industry. With the continuous advancement of technology and the growing demands of consumers, AI smartphones are expected to become the dominant force in the market. Manufacturers need to continuously innovate while ensuring data security and user privacy to meet consumer needs and promote the healthy development of the industry.

Reference Material

  • Canalys In-depth Report: The Present and Future of AI Smartphones

The content above, based on Canalys' research forecast, provides an in-depth analysis of the development trend of the AI smartphone market and discusses consumer interest, the first-mover advantage of domestic manufacturers, as well as data security and privacy issues. It is hoped that this article can provide readers with valuable information and insights.