Global AI Sensor Market to Reach $17.6 Billion by 2030

Strategic Insights -

The global AI sensor market is projected to experience significant growth, driven by increasing adoption of edge computing, AI sensor-based wearables, and the development of smart infrastructure. The market is expected to reach an estimated $17.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.6% from 2024 to 2030.

Key Takeaways:

  • The global AI sensor market is expected to reach $17.6 billion by 2030, growing at a CAGR of 27.6% from 2024 to 2030.
  • The major drivers for this market are growing preference for edge computing, increasing adoption of AI sensor-based wearables, and robust development of smart infrastructure.
  • The sensor type category motion is expected to witness the highest growth over the forecast period due to significant use of this sensor to track in-the-moment motion-sensing activities, like step counting and walking distance.
  • Within the application category, Consumer electronic will remain the largest segment due to tremendous customer demand for AI-driven electronic gadgets, such as mobile devices, smart TVs, speakers, virtual personal assistants, and wearable sensors.
  • APAC is expected to witness the highest growth over the forecast period due to strong focus on AI research and development, rising demand for smart home devices, and significant demand for AI-based sensors among various end-use industries.

Statistics:

  • Estimated market size: $17.6 billion by 2030
  • CAGR: 27.6% from 2024 to 2030
  • Sensor type category motion expected to grow at the highest rate
  • Consumer electronic to remain the largest segment in the application category
  • APAC expected to witness the highest growth over the forecast period

Sources:

  • M2 PRESSWIRE, "Lucintel Forecasts the Global AI sensor with recession impact Market to Reach $17.6 billion by 2030"
  • Lucintel, "AI sensor with recession impact market"
  • M2 Communications, "M2 Communications disclaims all liability for information provided within M2 PressWIRE"
  • Lucintel, "About Lucintel"