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%. Factors such as the high installation and maintenance cost, lack of trust and awareness among end users, and complexity in data storage act as restraints for the growth of the market.

Rapid urbanization and digitalization significantly impact the growth of smart infrastructure. Edge computing is a critical technology increasingly used in smart infrastructure. It enables real-time data processing and analysis from smart sensors and other IoT devices. By processing data near the source, edge computing can reduce latency, increase reliability, and improve overall system performance. Smart infrastructure utilizes data and technology to optimize the performance of buildings, transportation systems, energy networks, and other essential infrastructure. With the help of smart sensors, IoT devices, and other digital tools, smart infrastructure can manage and monitor anything from traffic patterns to energy usage, enabling cities to make more informed decisions and provide better services to their residents.

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Motion sensors in consumer electronics application to account for largest market share during forecast period.
Motion sensors are primarily used across consumer electronics applications. Major use cases for motion sensors lie across wearable electronic devices. Motion sensors, such as accelerometers, gyroscopes, MEMS, and a combination of these sensors, are the most used type of sensors incorporated in wearables. The market for these sensors is expected to grow due to consumers' increased focus on tracking real-time motion-sensing activities, such as step counting and walking distance covered. This generated data analysis provides users with specific results that can be used to define health and fitness goals.

Consumer electronics to account for second-largest market share of the AI sensor market during forecast period.
The consumer electronics segment is expected to hold the second-largest market share during the forecast period. Artificial intelligence has become pivotal in consumer electronics. Mobile devices, smart TVs, speakers, virtual personal assistants, and distributed and wearable sensors are among the many products and services benefiting from AI developments. With rapid urbanization and the rising use of the internet, consumer lifestyles are evolving, leading to changes in preferences. The growing inclination towards smart and intelligent devices has led to consumer electronics market growth at a fast rate. Moreover, the availability of low-cost AI chipsets also boosts the adoption of intelligent devices across the consumer electronics sector.

Asia Pacific to have the largest market share in the AI sensor market during the forecast period.
The Asia Pacific region is the market leader for AI sensors in various industries such as consumer electronics, automotive, and manufacturing sectors, with a huge demand coming from countries like China, Japan, and India. China has shown massive growth due to its rapidly expanding industrial sector and increasing adoption of smart home devices.

Japan is also expected to see a high growth in the AI sensor industry, driven by the country's strong focus on AI research and development. The Japanese government has launched several initiatives to promote the adoption of AI technology in various sectors, including healthcare, manufacturing, and transportation.

Top Companies:

• IBM Corporation
• Google LLC
• Microsoft Corporation
• NVIDIA Corporation
• Intel Corporation