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-Reports/artificial-intelligence-ai-sensor-market-122565258.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.marketsandmarkets.com/pdfdownloadNew.asp?id=122565258 Consumer 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/requestCustomizationNew.asp?id=122565258 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.

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