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Global AI Sensor Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global AI Sensor Market value is expected to reach $236.80 billion growing at a CAGR of 39.6% during 2022-2028.The ability of a machine to imitate human cognitive processes is known as artificial intelligence (AI). With AI, data may be analysed by the computer at a faster rate than a human to obtain precise insights from the information provided. The software of artificial intelligence (AI) can be included in the current system and process to make or recommend accurate decisions through increased use of information, improving the system and lowering costs. AI sensors are crucial sensors that are used specifically for spotting errors and changes that take place in the AI environment. Deep learning and machine learning AI approaches are enhancing the development of software and services in a variety of industries, including the automotive, BFSI, manufacturing, education, and healthcare sectors.
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Due to the increased sale of household appliances with AI capabilities, the expansion in the North American region is significant. The North American region is therefore attributed to have lucrative growth throughout the extrapolated period. Moreover, the market for AI sensors is expanding due to the widespread use of AI in hospitals, automobiles, educational institutions, and training facilities. The North American AI sensors market is expanding as a result of the major market players' presence in the region. Additionally, the growth of the AI sensor market is also subject to government funding. An executive order for the American AI programme, for instance, was signed by the US president in February 2019. Growing AI research investment, releasing federal AI computing and data resources, establishing AI technical standards, developing America's AI workforce, and other initiatives were highlighted as the five main areas of approach.
Some of the key players in AI Sensor market include Augury Systems, Glassbeam, IBM Corporation, Infineon Technologies AG, Panasonic Corporation, PointGrab, Qualcomm Technologies, Inc., Robert Bosch GmbH, Sentenai Inc., Siemens AG, Sony Corporation, STMicroelectronics, Tellmeplus, United Technology and Versos Systems.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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