PUBLISHER: Grand View Research | PRODUCT CODE: 1771514
PUBLISHER: Grand View Research | PRODUCT CODE: 1771514
On-device AI Market Summary
The global on-device AI market size was estimated at USD 8.60 billion in 2024 and is projected to reach USD 36.64 billion by 2030, growing at a CAGR of 27.8% from 2025 to 2030. The industry is driven by progress in AI technologies, growing demand for real-time data processing, and heightened concerns around privacy and security.
By allowing devices to handle data locally, on-device AI reduces the dependence on cloud infrastructure. The rise in IoT, smart home devices, and mobile applications has increased the need for immediate processing capabilities, enhancing user experience while safeguarding personal data and reducing power usage.
On-device AI meets the need for advancements by enabling immediate responses, thereby enhancing user experience across a range of applications. By handling data locally, it also minimizes the risk of transmitting sensitive information over networks. Handling sensitive data is an essential factor in sectors like healthcare and finance, where data privacy is critical. For instance, according to Health World Economic Times, Meri Life Sciences has introduced on-device AI known as 'Robotic-assisted surgery platforms' that use AI to guide the surgeons with real-time 3D visualization, feedback, and predictive correction.
Recent advancements in semiconductor technology, particularly the development of specialized AI chips and neural processing units (NPUs), have enabled complex AI algorithms to run directly on devices, significantly enhancing performance and energy efficiency. The rise of NPUs and increasingly compact AI models has also made it possible to embed advanced AI capabilities into consumer electronics and dedicated hardware. These innovations are crucial for achieving high-performance computing with minimal power usage. As AI continues to evolve rapidly, we are nearing a pivotal transition toward on-device AI, where processing occurs locally on devices like smartphones and personal computers.
Global On-Device AI Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global on-device AI market report based on component, deployment, technology, device type, vertical, and regions.