Value of mart sensor investments in China 2018-2022
In 2022, the value of investments in smart sensors in China amounted to almost 18 billion yuan. 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.