Global Artificial Intelligence (AI) Sensor Market 2023-2030

Global Artificial Intelligence (AI) Sensor Market 2023-2030

Global Artificial Intelligence (AI) Sensor Market Size, Share & Trends Analysis Report by Sensor Type (Pressure Sensors, Position Sensors, Temperature Sensors, Optical Sensors, Ultrasonic Sensors, and Others), by Technology (Natural Language Processing (NLP), Machine Learning (ML), Computer Vision, and Context-aware Computing), and by Application (Automotive, Consumer Electronics, Manufacturing, Aerospace & Defense, and Others), Forecast Period (2023-2030)

The global AI sensor market is anticipated to grow at a CAGR of 41.6% during the forecast period (2023–2030). The market growth is attributed to the increasing demand for smart security, and smart cameras equipped with AI capabilities are becoming increasingly popular. The cameras helps in improving the security solutions along with offering more accurate threat detection and less errors, leading to the development of more effective surveillance system. Consequently, the key market players are focusing on innovating new products to cater to the demand for security cameras. For instance, in March 2023, Ambarella, Inc. launched a 4K, 5nm edge AI SoC for mainstream security cameras with new highs in AI performance per watt, image quality, and sensor fusion. The CV72S has a 6x increase in AI performance over its predecessor, rendering it possible for it to run Ambarella's innovative AISP for 4K, long-range color night vision, and HDR at very low lux levels with minimal noise and no external illumination while maintaining plenty of headroom for additional, concurrent NNs.

Segmental Outlook

The global AI sensor market is segmented by sensor type, technology, and application. Based on type, the market is sub-segmented into pressure sensors, position sensors, temperature sensors, optical sensors, ultrasonic sensors, and others. Based on the technology, the market is sub-segmented into NLP, ML, computer vision, and context-aware computing. Further, based on application, the market is sub-segmented into automotive and consumer electronics. manufacturing, aerospace and defense, and others.

The Pressure Sensors Sub-Segment is Anticipated to Hold a Considerable Share of the Global AI Sensor Market

Among the industry verticals, the automotive sub-segment is expected to hold a considerable share of the global programmatic advertisement market. The segmental growth is attributed to the growing adoption of electric vehicles (EVs) across the globe. Although barometric pressure sensors such as KP464 and KP466 are available, accurate measurements continue to be essential in the age of EVs. Accordingly, market players are coming up with new products to cater to the demand for barometric air pressure sensors. For instance, in June 2023, Infineon Technologies AG offers the KP464 and KP466, two new XENSIV barometric air pressure (BAP) sensors that are aimed especially at automotive applications. The KP466 BAP sensor is designed for seat comfort functions, whereas the KP464 is primarily intended for engine control management.

Regional Outlook

The global AI sensor market is further segmented based on geography, including North America (the US and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and the Rest of Asia), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the European regional market is anticipated to hold a prominent share of the market across the globe, owing to the early adoption of various advanced AI and IoT technology.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global AI Sensor Market

The Asia-Pacific region is poised for substantial growth with a noteworthy CAGR during the forecast period. Pivotal players in this region, including Holistic AI Ltd., MEMSIC Group, and Elliptic Labs, are at the forefront of AI sensor manufacturing. Their continuous stream of product launches serves as a driving force for market expansion. For example, Elliptic Labs' July 2023 introduction of the AI Virtual Proximity Sensor INNER BEAUTY in the HONOR X50 smartphone is a significant stride. This launch, tailored for the Chinese market, is propelled by Qualcomm's Snapdragon 6 Gen 1 chipset, further accentuating innovation in the region.

Market Players Outlook

The major companies serving the AI sensor market include HOKURIKU ELECTRIC INDUSTRY CO., LTD., Holistic AI Ltd., MEMSIC Group, Movella Inc., Oracle Corp., and others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2022, ST launched LSM6DSV16X, a flagship 6-axis inertial measurement unit (IMU) with embedded artificial intelligence (AI), adaptive self-configuration (ASC), and sensor fusion low power (SFLP) technology from ST for increased power optimization.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global AI sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.