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%. Growing demand for AI sensors in IoT-based devices across home automation and automotive applications is one the major drivers of the market.

Robert Bosch GmbH (Germany), Teledyne Technologies Incorporated (US), are major players in the AI sensor market.

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Robert Bosch GmbH is one of the global leaders in smart mobility solutions and industrial technology. The company is 92% owned by Robert Bosch Stiftung, a charitable institution. It offers innovative solutions for smart homes, Industry 4.0, and connected mobility solutions. The company is pursuing a sustainable, safe, and exciting vision of mobility. It uses its expertise in sensor technology, software, and services and its own IoT cloud to offer its customers connected, cross-domain solutions from a single source. The company operates through four business segments: mobility solutions, industrial technology, consumer goods, and energy and building technology, of which the mobility solutions segment contributes to the major share of the business, offering different sensor technologies. It offers a wide range of smart sensors through one of its subsidiaries, Bosch-Sensortec, founded in 2005. The company is based in Kusterdingen, Germany. It has business offices and development centers in the US, Germany, Taiwan, Korea, China, and Japan. Its motion-sensing segment includes accelerometers, gyroscopes, geomagnetic sensors, eCompass, IMUs, absolute orientation sensors, hubs & nodes, and fusionLib software. It also offers pressure sensors and integrated environmental units under its environmental sensing segment. Robert Bosch GmbH also offers a wide portfolio of microelectromechanical systems (MEMS) sensors and solutions tailored for smartphones, tablets, wearables, hearable devices, AR/VR devices, drones, robots, smart homes, and IoT (Internet of Things) applications. The company’s strategic focus is addressing highly attractive markets in industrial automation, smart mobility solutions, and building automation solutions while taking advantage of growing trends such as AI, IoT, and smart factories.

Teledyne Technologies Incorporated operates through four business segments: digital imaging, instrumentation, aerospace & defense electronics, and engineered systems. Products related to the AI sensor market are offered under the Digital Imaging segment. This segment includes high-performance sensors, cameras, and systems within the visible, infrared, ultraviolet, and X-ray spectra for use in industrial, scientific, government, space, defense, security, and medical applications. The company also provides manufacturing services for microelectromechanical systems (MEMS) and high-performance, high- reliability semiconductors, including analog-to-digital and digital-to-analog converters, as well as unmanned aerial and ground systems.