AI Sensor Market Industry Report, Size, Share, Growth Drivers, 2028

1
MarketsandMarkets Presents

AI Sensor Market Industry Report, Size, Share,
Growth Drivers, 2028 AI Sensor Market with
Recession Impact by Sensor Type (Motion,
Pressure, Temperature, Optical, Position),
Application (Automotive, Consumer Electronics,
Manufacturing), Type, Technology (NLP, ML,
Computer Vision) and Region - Global Forecast to
2028 https//www.marketsandmarkets.com/Market-Rep
orts/artificial-intelligence-ai-sensor-market-1225
65258.html
2
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. Factors such as the
high installation and maintenance cost, lack of
trust and awareness among end users, and
complexity in data storage act as restraints for
the growth of the market. Browse 205 market data
Tables and 50 Figures spread through 227 Pages
and in-depth TOC on "AI Sensor Market with
Recession Impact by Sensor Type (Motion,
Pressure, Temperature, Optical, Position),
Application (Automotive, Consumer Electronics,
Manufacturing), Type, Technology (NLP, ML,
Computer Vision) and Region - Global Forecast to
2028"
3
Motion sensors in consumer electronics
application to account for largest market share
during forecast period. Motion sensors are
primarily used across consumer electronics
applications. Major use cases for motion sensors
lie across wearable electronic devices. Motion
sensors, such as accelerometers, gyroscopes,
MEMS, and a combination of these sensors, are the
most used type of sensors incorporated in
wearables. The market for these sensors is
expected to grow due to consumers' increased
focus on tracking real-time motion-sensing
activities, such as step counting and walking
distance covered. This generated data analysis
provides users with specific results that can be
used to define health and fitness
goals. Download Free PDF https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id122565258 Consum
er electronics to account for second-largest
market share of the AI sensor market during
forecast period. The consumer electronics segment
is expected to hold the second-largest market
share during the forecast period. Artificial
intelligence has become pivotal in consumer
electronics. Mobile devices, smart TVs, speakers,
virtual personal assistants, and distributed and
wearable sensors are among the many products and
services benefiting from AI developments. With
rapid urbanization and the rising use of the
internet, consumer lifestyles are evolving,
leading to changes in preferences. The growing
inclination towards smart and intelligent devices
has led to consumer electronics market growth at
a fast rate. Moreover, the availability of
low-cost AI chipsets also boosts the adoption of
intelligent devices across the consumer
electronics sector.
4
Asia Pacific to have the largest market share in
the AI sensor market during the forecast
period. The Asia Pacific region is the market
leader for AI sensors in various industries such
as consumer electronics, automotive, and
manufacturing sectors, with a huge demand coming
from countries like China, Japan, and India.
China has shown massive growth due to its rapidly
expanding industrial sector and increasing
adoption of smart home devices. Request Free
Customization https//www.marketsandmarkets.com/r
equestCustomizationNew.asp?id122565258 Key
Market Players Robert Bosch GmbH (Germany),
Teledyne Technologies Incorporated (US),
Sensirion AG (Switzerland), Sensata
Technologies, Inc. (US), Goertek Inc. (China),
Hokuriku Electric Industry Co., Ltd. (Japan),
MEMSIC Semiconductor Co., Ltd. (China), Movella
Inc. (US), and Senodia Technologies (Shanghai)
Co., Ltd. (China) are some key players operating
in the market.
5
Opportunity Growing preference for AI-sensor
enabled wearables Wearables based on AI sensors
form one of the fastest-growing markets.
Smartwatches and ear-worn devices are the leading
market segments. This market is projected to
account for USD 265.4 billion by 2026,
registering a CAGR of 18.0 during the forecast
period. Spending on hearables increased by 124
in 2020, and global shipments of wearable
technology reached 570 million units in 2021 at a
CAGR of 16.6 (Source MarketsandMarkets). This
growing preference for wearables will likely
boost the market for AI sensors. The adoption of
wearables is growing rapidly as users
increasingly focus on improving their overall
health and fitness, driving the demand for
fitness and medical tracking equipment. This, in
turn, drives the demand for AI sensors. These
sensors are used in applications such as smart
glasses/goggles ring/fingerworn scanners
footwear such as athletic, fitness, and sports
shoes wristwear such as advanced electronic
watches and wristbands smart textiles and
headbands neckwear. Challenges Lack of
skilled workforce The AI sensor market is growing
rapidly, and there is a significant shortage of
trained professionals with the skills and
expertise necessary to develop and maintain AI
sensor systems. This shortage of skilled
workforce is a major challenge for companies
operating in this market and can limit their
ability to innovate and compete effectively. One
of the main reasons for this shortage is the
relatively new nature of the field, due to which
few educational programs and training
opportunities are available for those interested
in pursuing careers in AI sensors. Additionally,
the complexity of these systems requires a broad
range of skills, including expertise in cognitive
computing, machine learning, deep learning, image
recognition technologies, data analytics,
computer vision, and signal processing.
Integrating AI solutions into existing systems
requires extensive data processing to replicate
the behavior of a human brain. Even minor errors
can result in system failure or malfunctioning of
a solution, affecting outcomes and desired
results. This can make it difficult for companies
to find individuals with the necessary skillsets
to fill these roles.
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/artificial-intelligence-ai-sensor.asp