Press release
Leading Element Driving Change in the Sensory Artificial Intelligence (AI) Market in 2025: Driving Sensory AI Market Growth The Impact Of Autonomous Vehicle Adoption Driver
Sensory Artificial Intelligence AI
The anticipated rise in the usage of self-driving cars is forecasted to boost the sensory artificial intelligence (AI) market's advancement. Such autonomous vehicles, which rely on advanced sensors, AI, and navigation systems, are capable of functioning without needing human input. Their escalating popularity stems from advancements in sensor and AI technology, optimized traffic management systems, and changing customer preferences. Sensory artificial intelligence (AI) heightens the efficiency of self-driving cars by processing information from an array of sensors, allowing for instantaneous decision making, enhanced navigation, and heightened safety within intricate driving contexts. For instance, the National Association of Insurance Commissioners, a non-profit entity based in the U.S., predicts that by 2025 there will be an estimated 3.5 million autonomous vehicles on U.S. roads, increasing to 4.5 million by 2030. As a result, the growth of the sensory artificial intelligence (AI) market is being fuelled by the expanding adoption of autonomous vehicles.
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How will the growth rate of the sensory artificial intelligence (ai) market shape industry trends by 2034?
The market size for sensory artificial intelligence (AI) has seen a significant expansion in the recent past. The estimation is that it will surge from a $23.54 billion valuation in 2024 to a steep $34.19 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 45.2%. This remarkable escalation during the historic time frame can be traced back to factors like a surge in automation demand across diverse industries, an expanding Internet of Things (IoT) infrastructure, increasing access to big data, augmented funding in AI-related research and development, and a growing necessity for improved user experiences on various digital platforms.
The market size of sensory artificial intelligence (AI) is predicted to experience substantial expansion in the upcoming years, ballooning to $150.55 billion in 2029, with a compound annual growth rate (CAGR) of 44.9%. The progressive growth in the forecast period is linked to the escalating demand for intelligent automation across various sectors, the proliferation of IoT devices, the heightened adoption of smart sensors, the growing requirement for improved user experiences, and an upsurge in investments in AI research and development. Key trends anticipated for the forecast period encompass incorporating AI into IoT devices, advancements in the field of natural language processing (NLP), increased sensor accuracy, embracing autonomous systems, and integrating AI-driven wearables.
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What trends are poised to drive the future success of the sensory artificial intelligence (ai) market?
Leading companies in the sensory artificial intelligence (AI) market are prioritizing the development of novel solutions, such as AI-powered sensory solutions for highly personalized shopping, to improve the interaction between humans and machines, enhance user experiences, and facilitate more instinctive and responsive applications within various sectors. These sensorial solutions, led by AI and designed to create hyper-personalized shopping advice, utilize sensory science and AI to increase consumer involvement and refine retail experiences. For example, in January 2022, digital transformation solutions firm UST Global Inc., based in the U.S., launched UST AiSense. This advanced, AI-driven sensory solution, developed in cooperation with Tastry - an American company offering sensory science technologies - uses sensory science to link consumer preferences to digital retail platforms to improve engagement and increase sales. Standout features include bespoke suggestions, flawless integration with retail systems, live analytics, and vast accessibility via kiosks, websites, and mobile apps. It aids retailers in refining their offerings, boosting margins, and fostering customer loyalty.
Which primary segments of the sensory artificial intelligence (ai) market are driving growth and industry transformations?
The sensory artificial intelligence (AI) market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Technology: Computer Vision, Natural Language Processing (NLP), Machine Learning, Other Technologies
3) By Industry: Healthcare, Automotive, Consumer Electronics, Retail, Food And Beverage, Other Industries
Subsegments:
1) By Hardware: Sensors, Processors, Edge Devices, IoT Devices, Robotics Components
2) By Software: Machine Learning Algorithms, Computer Vision Software, Natural Language Processing (NLP) Software, Sensor Fusion Software, Data Analytics Tools, AI Development Frameworks And Platforms
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Which geographical regions are pioneering growth in the sensory artificial intelligence (ai) market?
North America was the largest region in the sensory artificial intelligence (AI) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sensory artificial intelligence (AI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the sensory artificial intelligence (ai) market landscape?
Major companies operating in the sensory artificial intelligence (AI) market are Amazon.com Inc., Apple Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Nvidia Corporation, Analog Devices Inc., Cirrus Logic Inc., Cognex Corp, SenseTime, DSP Concepts Inc., Generalplus Technology Inc., Immersion Corporation, Ultraleap Ltd., Cardinal Peak LLC, Fortemedia Inc., Ambiq Micro Co, Foodpairing N.V, TEKSUN Inc., Aryballe Technologies, SemVox GmbH, Vivoka SAS, Alango Technologies Inc., Yobe SRL, Andrea Electronics Corporation
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What Is Covered In The Sensory Artificial Intelligence (AI) Global Market Report?
•Market Size Forecast: Examine the sensory artificial intelligence (ai) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sensory artificial intelligence (ai) market for a structured understanding.
•Key Players Overview: Analyze major players in the sensory artificial intelligence (ai) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sensory artificial intelligence (ai) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sensory artificial intelligence (ai) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sensory artificial intelligence (ai) market.
•Industry Challenges: Identify potential risks and obstacles affecting the sensory artificial intelligence (ai) market.
•Competitive Landscape: Review strategic developments in the sensory artificial intelligence (ai) market, including expansions, agreements, and new product launches.
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