The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global AI-based Sensors Market is expected to reach USD 152.55 Billion by 2027, according to a new report by Emergen Research. The demand for the market is mainly driven by the application of artificial intelligence in different sectors, such as entertainment, education, health, transport, and utilities.
Owing to rapid urbanization and digitalization globally, end-user sectors like manufacturing, consumer electronics, and automotive and transport have experienced growth and now rely on technology-driven systems for operating. AI-based sensors are being used across these industries as they help in automating processes, help in maintaining product quality, and help in producing more efficient products.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global AI-based Sensors market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key participants include Augury Systems, Glassbeam, Siemens AG, PointGrab, Maana, Tellmeplus, Sentenai, Versos Systems, Tachyus, and United Technology, among others.
Key Highlights from the Report
- The neural network, in the type segment, is forecasted to grow with a significant CAGR of 37.9% during the forecast period. Consistent development in artificial intelligence is increasing the application of neural networks in sensors. It helps in the assistance of fraud detection in the BFSI and e-commerce sectors.
- Artificial intelligence for the analysis of sensors enables predictions and classifications by using sensor signals as compared to other physics-based models. This latest innovation can be witnessed in the application of medical diagnosis and predictive management.
- Artificial intelligence, along with machine learning algorithms, is used in different construction workflows such as quality check, scheduling, issue tracking, safety management, resource, and design management. With the infiltration of COVID-19, AI-based sensors demand is growing in these sectors for remote usage.
Emergen Research has segmented the global AI-based Sensors Market on the basis of type, application, technology, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Case-based reasoning
- Ambient-intelligence
- Neural networks
- Inductive learning
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Biosensor
Health Monitoring
Maintenance and Inspection
Human-computer interaction
Others
Technology Outlook (Revenue, USD Billion; 2017-2027)
Natural Language Processing
Machine Learning
Computer Vision
Context-aware Computing
Key takeaways of the Global AI-based Sensors Market report:
- The report sheds light on the fundamental AI-based Sensors market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading AI-based Sensors market regions.
- It examines the latest research development projects and technological innovations taking place in the key regional segments of AI-based Sensors market
- The research report reviews the regulatory framework for creating new opportunities in various regions of the AI-based Sensors market
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