Product ID: UCMIG45J2184
Artificial Intelligence (AI) Sensor Market Size, Share, Growth Analysis, By Technology Outlook(NLP, Machine Learning), By Sensor Type Outlook(Pressure, Temperature), By Application Outlook(Automotive, Consumer Electronic), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45J2184 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Artificial Intelligence (AI) Sensor Market Insights
Market Overview:
The 2022 valuation of the global artificial intelligence (AI) sensor market stood at USD 2.5 billion, and it is projected to experience a compounded annual growth rate (CAGR) of 43.6% between 2023 and 2030. The surge in demand for healthcare equipment designed to save lives and the incorporation of self-driving features in new electric vehicles are expected to be driving factors behind this growth. Additionally, the global shift towards digitization is foreseen as a significant catalyst for this expansion. Prominent technology companies, such as Apple Inc., Google LLC, Microsoft Corporation, and IBM Corporation, are intensifying their investments in the development of diverse Artificial Intelligence applications.
Artificial Intelligence (AI) Sensor Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Artificial Intelligence (AI) Sensor Market Report Snapshots
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