A recent report by Counterpoint Research suggests that Qualcomm is set to dominate the generative AI (GenAI) smartphone chip market in the next two years. The analysis predicts that by 2024, shipments of GenAI smartphones will surpass 100 million units, with an estimated 522 million units expected to be shipped by 2027.
GenAI smartphones, as defined in the report, are devices that utilize generative AI technology to create original content, going beyond pre-programmed responses and predetermined tasks. This emerging technology is expected to revolutionize the smartphone industry by offering enhanced features and capabilities.
Counterpoint Research highlights four key areas where GenAI smartphones will excel: information provisioning, image building, live translation, and personal assistant applications. Currently, Samsung and Qualcomm hold leading positions in the market due to their existing product offerings and capabilities. Samsung, having already established dominance in the foldable smartphone market, is projected to capture over 50% of the GenAI market share in the next two years. Chinese OEMs like Xiaomi, Vivo, Honor, and Oppo are also expected to make significant advancements in this sector.
As manufacturers recognize the need to differentiate their smartphones through GenAI technology, Samsung has already showcased the use cases of its Galaxy AI. According to Counterpoint’s report, GenAI smartphones are estimated to represent 4% of the overall market by 2023, and this share is expected to more than double to 40% by 2027.
The success of GenAI smartphones hinges on their ability to deliver unique and personalized user experiences, offering consumers a glimpse into the exciting future of AI-powered devices.
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The source of the article is from the blog foodnext.nl