AI-based Sensors Market Study by 2027 on the competitive environment, research methodology, business opportunities, statistics, and industry analysis

by Emergen Research · March 17, 2023

The authors of the study have provided forecasts for the AI-based Sensors market in addition to qualitative and quantitative assessments. Two of the most important parts of this study are the SWOT analysis and Porter’s Five Forces Analysis, which reveal how intensely competitive the industry is. The detailed analysis of the global lead-free piezoelectric ceramic material market in the study covers North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa. This study looks at additional significant characteristics of regional markets in addition to revenue growth drivers, constraints, production consumption patterns, altering consumer tastes, and tight regulatory standards.

A recent analysis by Emergen Research projects that the market for AI-based sensors would reach USD 152.55 billion by 2027. Artificial intelligence is being used in a variety of industries, including entertainment, education, health, transportation, and utilities, which is primarily driving demand for the industry.

Global urbanisation and digitalization have hastened the rise of end-user industries including manufacturing, consumer electronics, automotive, and transportation, which now depend on technology-driven systems to function. Artificial intelligence (AI)-based sensors are employed in all of these sectors because they can automate operations, maintain product quality, and boost productivity.

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Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global AI-based Sensors market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global AI-based Sensors market and pinpoint the fundamental growth trends.

The leading market contenders listed in the report are:

Augury Systems, Glassbeam, Siemens Ag, Pointgrab, Maana, Tellmeplus, Sentenai, Versos Systems, Tachyus, United Technology

Global AI-based Sensors Market Highlights:

Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management

Key Parameters Analyzed in This Section:

Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels

Regional Segmentation:

North America
Latin America
Europe
Middle East & Africa
Asia Pacific

Key Points Covered in This Section:

Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate

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Some 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.
North America held the largest market share of 31.6% in the year 2019, owing to the rapid technological advancements and increasing government investments into the development of artificial intelligence-based sensors. Moreover, the presence of some of the leading players of the market in the region will also drive the growth of the market in the region.

Market Overview:

The report bifurcates the AI-based Sensors market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

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

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Key reasons to buy the Global AI-based Sensors Market report:

The latest report comprehensively studies the global AI-based Sensors market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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