Autonomous & Sensor Technology - Japan

The market size in the Autonomous & Sensor Technology market is projected to reach US$1.13bn in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 13.75%, resulting in a market volume of US$2.45bn by 2030.
In global comparison, the largest market size will be United States (US$6.80bn in 2024).

Definition:
Autonomous and sensor technology refers to the combination of advanced systems and devices that enable machines and vehicles to operate and make decisions independently and without human intervention. Autonomous technology encompasses the areas of perception, decision-making, and control systems that make it possible for machines to autonomously navigate, interact, and respond to their surroundings. Sensors, on the other hand, are devices that detect and measure physical or environmental variables such as temperature, pressure, motion, and light; these variables provide crucial data inputs for autonomous systems to perceive and understand their environments. By leveraging sensor data and autonomous capabilities, these technologies enable applications such as self-driving cars, industrial automation, robotics, and smart infrastructure.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Autonomous and Sensor Technology companies. Key players of the market include companies such as Nvidia, Waymo, and Velodyne Lidar.

For more information on the data displayed, use the info button right next to the boxes.

Technologies that enable machines and devices to function autonomously, such as autonomous vehicles, drones, and robotics
Sensors and related hardware that gather data from the environment, such as LiDAR, radar, and cameras.

Technologies that do not involve autonomous or sensor-based functionality, such as traditional software applications or physical goods
Products and services that do not use autonomous or sensor-based technology, such as consumer electronics and home appliances.

The Autonomous & Sensor Technology Market in Japan has seen substantial growth due to the rising demand for artificial intelligence, increasing adoption of digital solutions, and growing awareness of health issues among consumers. This significant growth rate is primarily driven by the convenience and efficiency offered by these technologies in the healthcare sector.

Customer preferences: One notable trend in the Autonomous & Sensor Technology Market within the Artificial Intelligence Market in Japan is the increasing demand for self-driving cars and smart transportation solutions. This is driven by the country's aging population and the need for safe and efficient transportation options. Additionally, there is a growing interest in smart home technology, with consumers seeking automated and connected systems for convenience and security. These preferences reflect the increasing importance of technology in daily life and the desire for a more interconnected and streamlined lifestyle.

Trends in the market: In Japan, the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is experiencing a surge in demand for smart city solutions. As the country faces an aging population and labor shortage, there is a growing need for automation and data-driven systems to improve efficiency and reduce costs. This trend is expected to continue, with the government investing in smart city projects and companies developing advanced sensor technology to support these initiatives. This presents significant opportunities for industry stakeholders, as well as potential implications for traditional industries that may need to adapt to stay competitive in the changing landscape.

Local special circumstances: In Japan, the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is heavily influenced by the country's aging population and the government's focus on promoting advanced technology in various industries. This has led to a growing demand for AI-powered solutions in healthcare, transportation, and manufacturing. Additionally, Japan's strict regulations on data privacy have created a unique environment where AI companies must balance innovation with ethical considerations. This has led to the development of AI solutions that prioritize transparency and accountability, setting Japan apart from other markets.

Underlying macroeconomic factors: The Autonomous & Sensor Technology Market within the Artificial Intelligence Market in Japan is heavily influenced by macroeconomic factors such as government initiatives, technological advancements, and investment in research and development. The Japanese government has been actively promoting the adoption of AI and autonomous technology in various industries, leading to a favorable regulatory environment and increased investment in this market. Additionally, Japan's strong economic health and high-tech manufacturing capabilities make it a prime location for the development and implementation of advanced sensor technology. The growing demand for efficient and automated solutions in industries such as automotive, manufacturing, and healthcare is also driving the growth of this market in Japan.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

Autonomous & Sensor Technology - Japan

Value

Market Size

Analyst Opinion

Global Comparison

Methodology

Technology

Access more Market Insights on Technology topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Artificial intelligence (AI) worldwide - statistics & facts

Explore more high-quality data on related topic

Artificial intelligence (AI) in the U.S. - statistics & facts

Contact

Get in touch with us. We are happy to help.

Autonomous & Sensor Technology - Japan

In-Scope

Out-Of-Scope

Artificial Intelligence

Related markets:

Artificial Intelligence: in-depth market analysis

Value

Market Size

Analyst Opinion

Global Comparison

Methodology

Technology

Access more Market Insights on Technology topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Artificial intelligence (AI) worldwide - statistics & facts

Explore more high-quality data on related topic

Artificial intelligence (AI) in the U.S. - statistics & facts