The North America Automotive Sensor Fusion Market would witness market growth of 22.3% CAGR during the forecast period (2022-2028).
In the past, cameras or radars were packed with the computational power needed to evaluate sensor data to identify and track things. Low-level sensor data can be gathered from each sensor and combined in the more potent active safety domain controller due to the centralization of processing power. Increased data exchange is an additional advantage.
Traditional systems use smart sensors that separately process environmental inputs, thus any judgements based on the information are only as good as what each sensor can observe. Active safety applications in the domain controller have additional opportunities to use sensor data when it is shared centrally under the Satellite Architecture, though. Autonomous vehicles (AVs) make decisions for safe navigation using advanced sensory systems to assess the outside environment.
Autonomous vehicles employ sensor fusion to interpret their environment in a similar way to how individuals use their senses of sight, taste, sound, smell, and touch. Autonomous driving systems can profit from the strengths of each individual sensor while balancing out the aggregate advantages of using a variety of them. Sensor fusion data is processed by autonomous cars using preprogrammed algorithms. This enables autonomous cars to make decisions and choose the appropriate course of action.
The full ratification of Mexico's National Law of Mobility and Road Safety in May 2022 represents a significant advancement in the nation's efforts to lower the stubbornly high number of traffic fatalities and to increase fair and sustainable access to transportation services for everyone. The rate of traffic fatalities in Mexico, a nation of around 130 million people, has remained continuously high in recent years despite substantial action at the national and sub-national levels. In only 2019 alone, more than 16 000 deaths were reported. The rising cases of road collisions have raised the need for better technologies for security, thereby offering growth opportunities to the regional automotive sensor fusion market.
The US market dominated the North America Automotive Sensor Fusion Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,521.7 Million by 2028. The Canada market is poised to grow at a CAGR of 25.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 24% during (2022 - 2028).
Based on Propulsion Type, the market is segmented into ICE, BEV, and HEV. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Technology, the market is segmented into IMU, Image Sensors, Radar Sensors, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NVIDIA Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, TE Connectivity Ltd., Infineon Technologies AG, ZF Friedrichshafen AG, TDK Corporation, STMicroelectronics N.V., Aptiv PLC, and Texas Instruments, Inc.
In the past, cameras or radars were packed with the computational power needed to evaluate sensor data to identify and track things. Low-level sensor data can be gathered from each sensor and combined in the more potent active safety domain controller due to the centralization of processing power. Increased data exchange is an additional advantage.
Traditional systems use smart sensors that separately process environmental inputs, thus any judgements based on the information are only as good as what each sensor can observe. Active safety applications in the domain controller have additional opportunities to use sensor data when it is shared centrally under the Satellite Architecture, though. Autonomous vehicles (AVs) make decisions for safe navigation using advanced sensory systems to assess the outside environment.
Autonomous vehicles employ sensor fusion to interpret their environment in a similar way to how individuals use their senses of sight, taste, sound, smell, and touch. Autonomous driving systems can profit from the strengths of each individual sensor while balancing out the aggregate advantages of using a variety of them. Sensor fusion data is processed by autonomous cars using preprogrammed algorithms. This enables autonomous cars to make decisions and choose the appropriate course of action.
The full ratification of Mexico's National Law of Mobility and Road Safety in May 2022 represents a significant advancement in the nation's efforts to lower the stubbornly high number of traffic fatalities and to increase fair and sustainable access to transportation services for everyone. The rate of traffic fatalities in Mexico, a nation of around 130 million people, has remained continuously high in recent years despite substantial action at the national and sub-national levels. In only 2019 alone, more than 16 000 deaths were reported. The rising cases of road collisions have raised the need for better technologies for security, thereby offering growth opportunities to the regional automotive sensor fusion market.
The US market dominated the North America Automotive Sensor Fusion Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,521.7 Million by 2028. The Canada market is poised to grow at a CAGR of 25.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 24% during (2022 - 2028).
Based on Propulsion Type, the market is segmented into ICE, BEV, and HEV. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Technology, the market is segmented into IMU, Image Sensors, Radar Sensors, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NVIDIA Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, TE Connectivity Ltd., Infineon Technologies AG, ZF Friedrichshafen AG, TDK Corporation, STMicroelectronics N.V., Aptiv PLC, and Texas Instruments, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Propulsion Type
- ICE
- BEV
- HEV
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Technology
- IMU
- Image Sensors
- Radar Sensors
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- NVIDIA Corporation
- NXP Semiconductors N.V
- Robert Bosch GmbH
- TE Connectivity Ltd
- Infineon Technologies AG
- ZF Friedrichshafen AG
- TDK Corporation
- STMicroelectronics N.V
- Aptiv PLC
- Texas Instruments, Inc
Unique Offerings
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- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Sensor Fusion Market, by Propulsion Type
1.4.2 North America Automotive Sensor Fusion Market, by Vehicle Type
1.4.3 North America Automotive Sensor Fusion Market, by Technology
1.4.4 North America Automotive Sensor Fusion Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Oct - 2022, Nov) Leading Players
Chapter 4. North America Automotive Sensor Fusion Market by Propulsion Type
4.1 North America ICE Market by Country
4.2 North America BEV Market by Country
4.3 North America HEV Market by Country
Chapter 5. North America Automotive Sensor Fusion Market by Vehicle Type
5.1 North America Passenger Cars Market by Country
5.2 North America Light Commercial Vehicles Market by Country
5.3 North America Heavy Commercial Vehicles Market by Country
Chapter 6. North America Automotive Sensor Fusion Market by Technology
6.1 North America IMU Market by Country
6.2 North America Image Sensors Market by Country
6.3 North America Radar Sensors Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Automotive Sensor Fusion Market by Country
7.1 US Automotive Sensor Fusion Market
7.1.1 US Automotive Sensor Fusion Market by Propulsion Type
7.1.2 US Automotive Sensor Fusion Market by Vehicle Type
7.1.3 US Automotive Sensor Fusion Market by Technology
7.2 Canada Automotive Sensor Fusion Market
7.2.1 Canada Automotive Sensor Fusion Market by Propulsion Type
7.2.2 Canada Automotive Sensor Fusion Market by Vehicle Type
7.2.3 Canada Automotive Sensor Fusion Market by Technology
7.3 Mexico Automotive Sensor Fusion Market
7.3.1 Mexico Automotive Sensor Fusion Market by Propulsion Type
7.3.2 Mexico Automotive Sensor Fusion Market by Vehicle Type
7.3.3 Mexico Automotive Sensor Fusion Market by Technology
7.4 Rest of North America Automotive Sensor Fusion Market
7.4.1 Rest of North America Automotive Sensor Fusion Market by Propulsion Type
7.4.2 Rest of North America Automotive Sensor Fusion Market by Vehicle Type
7.4.3 Rest of North America Automotive Sensor Fusion Market by Technology
Chapter 8. Company Profiles
8.1 NVIDIA Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 NXP Semiconductors N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Robert Bosch GmbH
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 TE Connectivity Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Infineon Technologies AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 ZF Friedrichshafen AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.7 TDK Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 STMicroelectronics N.V.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.9 Aptiv PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.5.2 Acquisition and Mergers:
8.10. Texas Instruments, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
Companies Mentioned
- NVIDIA Corporation
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- TE Connectivity Ltd.
- Infineon Technologies AG
- ZF Friedrichshafen AG
- TDK Corporation
- STMicroelectronics N.V.
- Aptiv PLC
- Texas Instruments, Inc.
Methodology
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