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.
Free Valuable Insights: The Global Automotive Sensor Fusion Market is Estimated to reach $7.3 Billion by 2028, at a CAGR of 22.8%
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
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.
Chapter 1. Market Scope & Methodology
1.1 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
TABLE 1 North America Automotive Sensor Fusion Market, 2018 - 2021, USD Million
TABLE 2 North America Automotive Sensor Fusion Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Sensor Fusion Market
TABLE 4 Product Launches And Product Expansions– Automotive Sensor Fusion Market
TABLE 5 Acquisition and Mergers– Automotive Sensor Fusion Market
TABLE 6 North America Automotive Sensor Fusion Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 7 North America Automotive Sensor Fusion Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 8 North America ICE Market by Country, 2018 - 2021, USD Million
TABLE 9 North America ICE Market by Country, 2022 - 2028, USD Million
TABLE 10 North America BEV Market by Country, 2018 - 2021, USD Million
TABLE 11 North America BEV Market by Country, 2022 - 2028, USD Million
TABLE 12 North America HEV Market by Country, 2018 - 2021, USD Million
TABLE 13 North America HEV Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Automotive Sensor Fusion Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 15 North America Automotive Sensor Fusion Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 16 North America Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Automotive Sensor Fusion Market by Technology, 2018 - 2021, USD Million
TABLE 23 North America Automotive Sensor Fusion Market by Technology, 2022 - 2028, USD Million
TABLE 24 North America IMU Market by Country, 2018 - 2021, USD Million
TABLE 25 North America IMU Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Image Sensors Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Image Sensors Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Radar Sensors Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Radar Sensors Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Automotive Sensor Fusion Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Automotive Sensor Fusion Market by Country, 2022 - 2028, USD Million
TABLE 34 US Automotive Sensor Fusion Market, 2018 - 2021, USD Million
TABLE 35 US Automotive Sensor Fusion Market, 2022 - 2028, USD Million
TABLE 36 US Automotive Sensor Fusion Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 37 US Automotive Sensor Fusion Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 38 US Automotive Sensor Fusion Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 39 US Automotive Sensor Fusion Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 40 US Automotive Sensor Fusion Market by Technology, 2018 - 2021, USD Million
TABLE 41 US Automotive Sensor Fusion Market by Technology, 2022 - 2028, USD Million
TABLE 42 Canada Automotive Sensor Fusion Market, 2018 - 2021, USD Million
TABLE 43 Canada Automotive Sensor Fusion Market, 2022 - 2028, USD Million
TABLE 44 Canada Automotive Sensor Fusion Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 45 Canada Automotive Sensor Fusion Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 46 Canada Automotive Sensor Fusion Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 47 Canada Automotive Sensor Fusion Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 48 Canada Automotive Sensor Fusion Market by Technology, 2018 - 2021, USD Million
TABLE 49 Canada Automotive Sensor Fusion Market by Technology, 2022 - 2028, USD Million
TABLE 50 Mexico Automotive Sensor Fusion Market, 2018 - 2021, USD Million
TABLE 51 Mexico Automotive Sensor Fusion Market, 2022 - 2028, USD Million
TABLE 52 Mexico Automotive Sensor Fusion Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 53 Mexico Automotive Sensor Fusion Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 54 Mexico Automotive Sensor Fusion Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 55 Mexico Automotive Sensor Fusion Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 56 Mexico Automotive Sensor Fusion Market by Technology, 2018 - 2021, USD Million
TABLE 57 Mexico Automotive Sensor Fusion Market by Technology, 2022 - 2028, USD Million
TABLE 58 Rest of North America Automotive Sensor Fusion Market, 2018 - 2021, USD Million
TABLE 59 Rest of North America Automotive Sensor Fusion Market, 2022 - 2028, USD Million
TABLE 60 Rest of North America Automotive Sensor Fusion Market by Propulsion Type, 2018 - 2021, USD Million
TABLE 61 Rest of North America Automotive Sensor Fusion Market by Propulsion Type, 2022 - 2028, USD Million
TABLE 62 Rest of North America Automotive Sensor Fusion Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 63 Rest of North America Automotive Sensor Fusion Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 64 Rest of North America Automotive Sensor Fusion Market by Technology, 2018 - 2021, USD Million
TABLE 65 Rest of North America Automotive Sensor Fusion Market by Technology, 2022 - 2028, USD Million
TABLE 66 Key Information – NVIDIA Corporation
TABLE 67 Key Information – NXP Semiconductors N.V.
TABLE 68 key information – Robert Bosch GmbH
TABLE 69 Key information –TE Connectivity Ltd.
TABLE 70 Key Information – Infineon Technologies AG
TABLE 71 Key Information – ZF Friedrichshafen AG
TABLE 72 Key information – TDK Corporation
TABLE 73 Key Information – STMicroelectronics N.V.
TABLE 74 Key Information – Aptiv PLC
TABLE 75 Key Information – Texas Instruments, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Oct – 2022, NOv) Leading Players
FIG 5 SWOT Analysis: NVIDIA Corporation
FIG 6 Recent strategies and developments: NXP Semiconductors N.V.
FIG 7 Swot analysis: NXP semiconductors N.V.
FIG 8 Swot analysis: Robert Bosch GmbH
FIG 9 SWOT Analysis: TE Connectivity Ltd.
FIG 10 Recent strategies and developments: Infineon Technologies AG
FIG 11 Recent strategies and developments: ZF Friedrichshafen AG