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AI Sensor Market worth $22.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

22 Mar, 2023, 15:30 GMT

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CHICAGO, March 22, 2023 /PRNewswire/ -- The AI sensor market is projected to reach USD 22.1 billion by 2028, from USD 3.0 billion in 2022, at a CAGR of 41.6% according to a new report by MarketsandMarkets™. Key factors driving the growth of the AI sensor market include the growing demand for AI sensors in IoT-based devices across home automation and automotive applications, smart infrastructure, and digitization to facilitate edge computing growth, and the increased use of AI sensor-equipped wireless technologies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122565258

Browse in-depth TOC on "AI Sensor Market" 
205 – Tables
50 – Figures
227 – Pages

Motion sensors in by sensor type segment is expected to have largest market size during the forecast period.

The motion sensors segment holds the largest share of the AI sensor market and is expected to retain its position during the forecast period. These sensors are extensively used in consumer electronics applications such as smartphones, tablets, laptops, and smart wearable devices. Motion sensors are also employed in structural health monitoring applications for bridges and buildings, making building automation the third-largest end-use industry for motion or occupancy sensors. Smart occupancy sensors such as IPOS and IOS will likely witness increasing demand for smart home and smart city applications.

Computer vision technology segment is expected to have highest CAGR during the forecast period

Computer vision will likely be the fastest-growing segment during the forecast period. This technology is increasingly used in advanced driver assistance systems (ADAS) and autonomous vehicles to enable object detection, recognition, and tracking, which are critical for ensuring safe and efficient operation. Given the increased preference for ADAS features and the growing adoption of autonomous vehicles, the automotive sector will be the largest application segment for computer vision in the AI sensor market in the coming years.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=122565258

Asia Pacific to have largest market size during the forecast period

Asia Pacific is the leading market for AI sensors in the automotive, manufacturing, and consumer electronics industries, with the major demand coming from China, India, and Japan. China has shown massive growth, as it is the global manufacturing hub for semiconductor and automotive industries, which produce home appliances, smartphones, computers, and peripheral devices. It is also one of the major manufacturers of consumer electronics and automobiles. Furthermore, the growth of the AI sensor market in this region is attributed to favorable government initiatives for expanding the manufacturing sector in developing countries, rising foreign investments in industrial and manufacturing sectors, and a growing population, along with the existence of several manufacturing facilities, low cost of AI sensors, and rapid technological advancements in emerging markets.

The report profiles key players in the AI sensor market and analyzes their market shares. Players profiled in this report are Teledyne Technologies Incorporated (US), Robert Bosch GmbH (Germany), Goertek Inc. (China), Baidu, Inc. (China), Yokogawa Electric Corporation (Japan), Excelitas Technologies Corp. (US) Hokuriku Electric Industry Co., Ltd. (Japan), Sensata Technologies, Inc. (US), (China), Sensirion AG (Switzerland), and Sensortek Technology Corporation (Taiwan) are some major players. 

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=122565258 

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Smart Sensors Market by Type (Temperature & Humidity Sensors, Pressure Sensor, Touch Sensor, Motion & Occupancy Sensors, Water Sensor, Image Sensor), Technology, End-user Industry and Region – 2027

Temperature Sensor Market by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028

Electronic Sensors Market For Consumer Industry by Type (Image, Motion, Pressure, Temperature, Fingerprint, Proximity, & Others), Application (Communication & IT, Entertainment, Home Appliances, & Wearable Devices), and Geography - Global Forecast to 2022

Occupancy Sensor Market with COVID-19 Impact Analysis by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area, Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2025

Pressure Sensor Market by Sensor Type (Wired, Wireless), Technology (Piezoresistive, Capacitive, Optical), Product (Absolute, Gauge, Differential), End Use, Vertical, and Geography 2026

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/artificial-intelligence-ai-sensor-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/artificial-intelligence-ai-sensor.asp

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