South Africa Artificial Intelligence (ai) Sensor Market Size & Outlook
South Africa artificial intelligence (ai) sensor market, 2017-2030 (US$M)
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South Africa artificial intelligence (ai) sensor market highlights
- The South Africa artificial intelligence (ai) sensor market generated a revenue of USD 16.6 million in 2023 and is expected to reach USD 330.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 53.3% from 2024 to 2030.
- In terms of segment, machine learning was the largest revenue generating technology in 2023.
- Context-aware Computing is the most lucrative technology segment registering the fastest growth during the forecast period.
Artificial intelligence (ai) sensor market data book summary
| Market revenue in 2023 | USD 16.6 million |
| Market revenue in 2030 | USD 330.1 million |
| Growth rate | 53.3% (CAGR from 2023 to 2030) |
| Largest segment | Machine learning |
| Fastest growing segment | Context-aware Computing |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | NLP, Machine Learning, Computer Vision, Context-aware Computing |
| Key market players worldwide | ACI Worldwide Inc, Baidu Inc ADR, BAE Systems PLC, RELX PLC ADR, Oracle Corp, Sensata Technologies Holding PLC, Sensirion, Sony Group Corp, SAS, Teledyne Technologies Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global artificial intelligence (ai) sensor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia artificial intelligence (ai) sensor market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,344.4 million by 2030.
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Artificial Intelligence (AI) Sensor Market Scope
Artificial Intelligence (AI) Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa artificial intelligence (ai) sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence (ai) sensor market will help companies and investors design strategic landscapes.
Machine learning was the largest segment with a revenue share of 30.72% in 2023. Horizon Databook has segmented the South Africa artificial intelligence (ai) sensor market based on nlp, machine learning, computer vision, context-aware computing covering the revenue growth of each sub-segment from 2017 to 2030.
- South Africa Artificial Intelligence (AI) Sensor Technology Outlook (Revenue, USD Million, 2017-2030)
- NLP
- Machine Learning
- Computer Vision
- Context-aware Computing
- South Africa Artificial Intelligence (AI) Sensor Type Outlook (Revenue, USD Million, 2017-2030)
- Pressure
- Temperature
- Optical
- Position
- Ultrasonic
- Motion
- Navigation
- Others
- South Africa Artificial Intelligence (AI) Sensor Application Outlook (Revenue, USD Million, 2017-2030)
- Automative
- Consumer Electronic
- Manufacturing
- Aerospace & Defense
- Robotics
- Smart home automation
- Healthcare
- Others (Agriculture, Public Sector, etc.)
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Target buyers of South Africa artificial intelligence (ai) sensor market databook
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Our clientele includes a mix of artificial intelligence (ai) sensor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa artificial intelligence (ai) sensor market , including forecasts for subscribers. This country databook contains high-level insights into South Africa artificial intelligence (ai) sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial intelligence (ai) sensor market size, by technology, 2017-2030 (US$M)
South Africa Artificial Intelligence (AI) Sensor Market Outlook Share, 2023 & 2030 (US$M)
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