Projected Growth of AI Sensor Market to Reach $22.1 Billion by 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
(EMAILWIRE.COM, March 29, 2023 ) 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%. Increasing adoption of AI sensors in agriculture and robotics is one of the major opportunities in the market.
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Automotive application will be the fastest-growing application segment for optical sensors. All-round visibility is critical for autonomous driving, and optical sensors based on infrared lasers and LEDs are key technologies for intelligent systems to ease the burden on the driver. Some major use cases of optical sensors include parking assist, lane changing assist, emergency braking assist, adaptive cruise control, 360-degree outlook, and blind spot detection. The continuous development of light sources for optical sensors will propel the growth of automated and self-driving vehicles.
The US in North America is the largest country-level market in terms of consumption and production of AI sensors, as major market players have set up their manufacturing units in the US. Automotive and consumer electronics are among the well-established industries in the country and contribute significantly to the growth of the AI sensor market in North America.
Key Market Players
Key players in the AI sensor market are grabbing opportunities by indulging in partnership and acquisitions. Product development and expansion were a few of the other strategies adopted by companies in this market to strengthen their market position.
News Also Covered: https://www.prnewswire.com/news-releases/ai-sensor-market-worth-22-1-billion-by-2028---exclusive-report-by-marketsandmarkets-301777524.html
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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.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122565258
Automotive application will be the fastest-growing application segment for optical sensors. All-round visibility is critical for autonomous driving, and optical sensors based on infrared lasers and LEDs are key technologies for intelligent systems to ease the burden on the driver. Some major use cases of optical sensors include parking assist, lane changing assist, emergency braking assist, adaptive cruise control, 360-degree outlook, and blind spot detection. The continuous development of light sources for optical sensors will propel the growth of automated and self-driving vehicles.
The US in North America is the largest country-level market in terms of consumption and production of AI sensors, as major market players have set up their manufacturing units in the US. Automotive and consumer electronics are among the well-established industries in the country and contribute significantly to the growth of the AI sensor market in North America.
Key Market Players
Key players in the AI sensor market are grabbing opportunities by indulging in partnership and acquisitions. Product development and expansion were a few of the other strategies adopted by companies in this market to strengthen their market position.
News Also Covered: https://www.prnewswire.com/news-releases/ai-sensor-market-worth-22-1-billion-by-2028---exclusive-report-by-marketsandmarkets-301777524.html
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
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.
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results