AI Sensor Market 2020-26 Industry Insight, Business Outlook, and Top Trends


Posted November 12, 2020 by shivF26

Global AI Sensor Market was valued at US$ 112.91 billion in 2026, growing at a CAGR of 38.39% by 2026
 
Global AI Sensor Market was valued at US$ 112.91 billion in 2026, growing at a CAGR of 38.39% by 2026. The ripple effect of Coronavirus-COVID19 on the AI Sensor Market Ecosystem needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the AI Sensor Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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AI is the technology to bring human cognitive functions with the aid of a machine. With AI, data can be analysed by the computer to learn accurately from the information provided at a speed higher than that of a human. The software of the AI can be integrated into the existing system and process to make or suggest accurate decisions through enhanced use of information, resulting in the improvement of system and reduction of cost. AI sensors play an essential sensor as utilized for detecting faults and changes occur in the AI environment. AI techniques including deep and machine learning, as well as NLP (natural language processing), are augmenting the various industries such as automobile, BFSI, manufacturing, education, healthcare, and others in order to develop software and services for technological assistance.
nt distributed report on Global AI Sensor industry examination and figure 2019-2025 conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.

Worldwide AI Sensor Market inspect reports consolidate market designs nuances, genuine scene, feature assessment, cost structure, capability, bargains, net advantage, and movement and measuring of business.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
The major players operating in the global AI sensors market are Augury Systems, Siemens AG, Glassbeam, Maana, PointGrab, Sentenai, Tellmeplus, Tachyus, Versos Systems, United Technology among others

By End-Users: Health monitoring, Maintenance & inspection, Biosensor, Human- computer interaction, Others

Based on type, the neural network segment is expected to lead during the forecast period.

Based on type, the market has been segmented into neural networks, case-based reasoning, inductive learning, ambient- intelligence and others. The neural networks segment is projected to have the largest share of 32% in the global market. Moreover, continuous developments in AI are further increasing the scope for applications of neural networks. AI can bring a significant transformation with the new technique, such as Recurrent Neural Networks (RNN) that can assist to detect fraud at initial stages across industries, such as BFSI and e-commerce and able to solve thousands of transactions immediately. It is an advanced deep learning algorithm that is used for modelling sequence to sequence information. RNN focuses on cases where there is a significant probability of fraud and thereby, saves a lot of time.


Based on regions:
North America to dominate the AI sensors market throughout the forecast period
North America accounted for nearly a 35% share of the global AI sensors market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. The growth in the North American region is attributed to the higher sale of AI-enabled home appliances. Further, high adoption of AI in hospitals, automotive, educational institutes and training centres are also contributing to the growth of the market. The presence of major market players in the North American region is fuelling the growth of the market in North America. Further, government support is also contributing to the market growth. For instance, in February 2019, the US president signed an executive order for the American AI initiative.


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Last Updated November 12, 2020