WHAT IS NEW IN SENSORY AI?

The field of Sensory AI encompasses new concepts and developments where AI merges with human sensory capabilities to maximize customer’s experience of products and services. We are seeing a boom in advanced algorithms that are able to perceive, interact and respond in new ways to all human senses and in many types of industries. The global Sensory AI market was valued close to USD 15.6 billion in 2023 and is projected to reach USD 531.7 billion in 2033, with a CAGR of 43.6% in this period. This growth implies a great opportunity for the cosmetics industry. On the other hand, the global market size of the “AI and beauty” segment has seen a steep increase, generating a revenue of USD 2.7 billion in 2023, and an estimated CAGR of around 19.8% from 2024 to 2033, with an expected value of around 16.4 billion USD by 2033. This information gives us a glimpse into the future of endless…