Autonomous & Sensor Technology - Southeast Asia

The market size in the Autonomous & Sensor Technology market is projected to reach US$934.30m 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$2.02bn 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 within the Artificial Intelligence Market in Southeast Asia nan is experiencing considerable growth, driven by factors such as increasing demand for digital technologies, growing awareness of health, and the convenience of online health services. This growth rate is impacted by the region's focus on advancing technology and innovation, as well as the growing need for efficient and accurate data collection and analysis in the healthcare industry.

Customer preferences: The Southeast Asian market for autonomous and sensor technology in the artificial intelligence market is witnessing a growing demand for smart home and office systems, driven by the region's increasing urbanization and adoption of smart city initiatives. Consumers are also increasingly interested in personalization and customization, leading to a rise in the use of AI-powered virtual assistants and chatbots. These trends are influenced by the region's strong emphasis on efficiency and convenience, as well as the growing influence of young, tech-savvy consumers.

Trends in the market: In Southeast Asia, the Autonomous & Sensor Technology market is experiencing a surge in demand for AI-powered drones and self-driving vehicles. This trend is driven by the region's increasing focus on smart city development and the need for efficient transportation solutions. Additionally, there is a growing adoption of AI-based surveillance systems for enhanced security measures. These trends signify the region's readiness to embrace advanced technologies and the potential for significant growth in the autonomous & sensor technology market. Industry stakeholders should closely monitor these developments and invest in innovative solutions to capitalize on this emerging market.

Local special circumstances: In Southeast Asia, the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is seeing significant growth due to the region's rapid economic development and increasing technological advancements. However, the market is also heavily influenced by the unique cultural and regulatory landscape of each country. For example, in Singapore, the government's focus on becoming a smart nation has led to a high demand for autonomous vehicles and sensor technology. In Indonesia, the market is driven by the growing digital economy and the need for efficient transportation solutions in congested cities. Additionally, in countries like Vietnam and Thailand, the market is heavily influenced by the growing adoption of smart manufacturing and industrial automation. These local factors play a crucial role in shaping the dynamics of the Autonomous & Sensor Technology Market within the Artificial Intelligence Market in Southeast Asia.

Underlying macroeconomic factors: The growth of the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is impacted by macroeconomic factors in Southeast Asia. This includes the region's overall economic stability, government policies and initiatives, and investment in technology infrastructure. Countries with strong economic growth and supportive policies, such as Singapore and Malaysia, are experiencing faster market growth compared to those with weaker economic conditions. Additionally, the growing demand for advanced technologies and smart cities in Southeast Asia is driving investments in the autonomous and sensor technology market.

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 - Southeast Asia

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Autonomous & Sensor Technology - Southeast Asia

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