Breakdown smart sensor market in China 2022, by application
As of 2022, the leading share of smart sensor applications in China was in automotive electronics, accounting for over 24 percent of the market. In the same year, the size of the Chinese smart sensor market amounted to around 120 billion yuan. According to forecasts, the market was projected to increase to 164 billion yuan by 2024. Smart sensors are basic components necessary for the application of artificial intelligence technology. For instance, they are used in smart manufacturing.