Autonomous & Sensor Technology - Thailand

The market size in the Autonomous & Sensor Technology market is projected to reach US$132.30m 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$286.60m 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 in Thailand has been experiencing considerable growth, driven by increasing adoption of AI technology, growing awareness of the benefits of autonomous systems, and the convenience of sensor technology. Factors such as government initiatives and investments in AI development are also contributing to the market's growth rate.

Customer preferences: As Thailand embraces the use of autonomous and sensor technology in various industries, there has been a growing interest in smart homes and buildings. With the rise of digital assistants and voice-controlled devices, consumers are seeking more convenient and efficient ways to manage their homes. This trend is also influenced by the increasing number of tech-savvy millennials and Gen Z consumers who prioritize convenience and connectivity in their lifestyle choices. Additionally, the demand for smart home solutions is driven by the need for energy efficiency and environmental sustainability, aligning with Thailand's efforts towards green living.

Trends in the market: In Thailand, the Autonomous & Sensor Technology market is experiencing a surge in demand, driven by the country's increasing investment in smart city initiatives and the adoption of Industry 4.0 technologies. This has led to a growing trend of incorporating AI-powered sensors into various industries, such as transportation and manufacturing, to improve efficiency and reduce costs. Additionally, there is a rise in the use of AI-powered autonomous vehicles and drones for delivery and surveillance purposes. These trends indicate a strong trajectory towards a more connected and technologically advanced society in Thailand. As a result, industry stakeholders can expect to see a greater emphasis on developing and implementing AI and sensor technologies, as well as increased opportunities for partnerships and collaborations in this space. Furthermore, the integration of AI and sensors could lead to improved decision-making, increased productivity, and enhanced safety measures, ultimately driving economic growth and competitiveness for Thailand.

Local special circumstances: In Thailand, the Autonomous & Sensor Technology Market within the Artificial Intelligence Market is heavily influenced by the country's focus on becoming a leading hub for advanced technologies in Southeast Asia. The government has launched initiatives to attract foreign investment and foster innovation, creating a favorable environment for the growth of the market. Furthermore, the unique cultural emphasis on hospitality and service has led to the adoption of AI-powered solutions in the tourism and hospitality industries, driving the demand for autonomous and sensor technology. Additionally, Thailand's geographical location and infrastructure make it an ideal testing ground for autonomous vehicles and drones, further boosting the market's potential.

Underlying macroeconomic factors: The growth of the Autonomous & Sensor Technology market within the Artificial Intelligence market in Thailand is largely influenced by macroeconomic factors such as government support for innovation and investment in technology infrastructure. Thailand's stable economic growth and favorable regulatory environment also contribute to the market's development. Furthermore, the country's strategic location and strong trade relations with neighboring countries provide opportunities for market expansion. The increasing demand for automation and sensor technologies in various industries, coupled with the growing adoption of AI, are driving the growth of this market in Thailand.

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 - Thailand

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