According to a report from Counterpoint Research, we can expect a significant growth in shipments of GenAI smartphones in the upcoming years. Preliminary data suggests that by 2024, the number of these smartphones could reach an impressive 100 million units, and forecasts indicate that by 2027, it could amount to as much as 522 million units. This represents a tremendous annual growth rate of 83%.
Although the current market share of GenAI smartphones is still relatively small, the report suggests that these numbers do not reflect the true level of excitement and marketing hype that can be expected in the near future. Tarun Pathak, Director of Research at Counterpoint, states that the industry is still working on standard definitions for GenAI smartphones but expects these devices to reach a turning point in 2026 when they become more common across different price segments.
So, what exactly are GenAI smartphones? According to research, these are smartphones that utilize Generative Artificial Intelligence to create original content instead of relying on pre-programmed responses or defined tasks. These devices operate on optimized AI models and have specific hardware specifications. They excel in various areas such as information delivery, image creation, real-time translation, and personal assistant applications.
Several smartphone manufacturers have already invested in GenAI technology. For example, the Google Pixel 8 utilizes a dedicated processor and locally running Language Learning Models (LLM), which can summarize recorded content using voice recording. Samsung, on the other hand, has introduced its basic AI model named Gauss, designed for local execution on phones and generating text, code, and images.
In terms of market leaders, currently Samsung and Qualcomm are at the forefront. Samsung is expected to capture nearly 50% market share in the next two years, followed closely by Chinese manufacturers such as Xiaomi, Vivo, Honor, and Oppo. Thanks to its powerful processors, Qualcomm is likely to dominate over 80% of the GenAI smartphone market, while MediaTek hopes to catch up with its Dimensity 9300-based devices.
As GenAI technology continues to evolve, we can expect smartphones to become even smarter, personalized, and capable of delivering original content tailored to user preferences and interactions. The future of mobile technology looks promising, with GenAI smartphones leading the way.
FAQ:
Q: What are GenAI smartphones?
A: GenAI smartphones are smartphones that utilize Generative Artificial Intelligence to create original content.
Q: Who are the market leaders in GenAI smartphones?
A: Currently, the market leaders in GenAI smartphones are Samsung and Qualcomm.
Definitions:
– Generatywna Sztuczna Inteligencja (GenAI) – an approach in the field of artificial intelligence that focuses on generating original and new content instead of relying on pre-programmed responses or defined tasks.
– Compound Annual Growth Rate (CAGR) – a measure that determines the average annual growth rate over a specified period of time.
Source: Counterpoint Research (https://counterpointresearch.com/)
The source of the article is from the blog elektrischnederland.nl