Autonomous & Sensor Technology - Morocco

The market size in the Autonomous & Sensor Technology market is projected to reach US$34.96m 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$75.73m 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.

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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 the Artificial Intelligence Market of Morocco is experiencing considerable growth, fueled by factors like rising tech adoption, growing health consciousness among consumers, and the convenience of online health services. This growth rate is being impacted by advancements in AI technology and increasing investment in the market.

Customer preferences: As the use of Artificial Intelligence continues to grow in various industries, there is a noticeable increase in consumer preference for autonomous and sensor technology. This trend is particularly prominent in Morocco, where there is a growing demand for smart home systems, connected cars, and other IoT devices. The shift towards these technologies is driven by the desire for convenience and efficiency, as well as the need for remote monitoring and control of devices. Additionally, the increasing adoption of smartphones and other connected devices among the younger population is contributing to the growth of the Autonomous & Sensor Technology Market within the Artificial Intelligence Market.

Trends in the market: In Morocco, there is a growing interest in implementing Autonomous & Sensor Technology in various industries, including agriculture, transportation, and manufacturing. This trend is driven by the government's focus on modernizing the country's infrastructure and increasing efficiency. Companies are also investing in research and development to improve the capabilities of these technologies. This trajectory is significant as it can lead to increased productivity and cost savings for businesses. However, it may also have implications for the workforce, as some jobs may be replaced by automated systems. Additionally, there is a need for regulations to ensure the safe and ethical use of these technologies.

Local special circumstances: In Morocco, the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is experiencing growth due to the country's strategic location as a gateway to Africa and Europe. The government is investing in developing its digital infrastructure, creating a favorable environment for the adoption of autonomous and sensor technology. Additionally, the country's strong agricultural sector presents opportunities for the use of AI in optimizing farming processes. However, the market is restrained by limited access to funding and a lack of skilled AI professionals.

Underlying macroeconomic factors: The Autonomous & Sensor Technology Market within the Artificial Intelligence Market in Morocco is significantly impacted by macroeconomic factors such as government support, technological advancements, and investment in research and development. Countries with favorable economic conditions and strong support for AI and sensor technologies are experiencing faster market growth compared to regions with limited funding and regulatory challenges. The increasing adoption of AI and automation in various industries, coupled with the growing demand for efficient and cost-effective solutions, is also driving the market in Morocco. Furthermore, the country's strategic location and its efforts towards becoming a regional hub for technology and innovation are also contributing to the market's growth.

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 - Morocco

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Autonomous & Sensor Technology - Morocco

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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

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