The technique of combining data from numerous sensors to calculate accurate position and alignment information to perceive the environment more accurately is called sensor fusion. In an automotive context, it is called automotive sensor fusion. Automotive sensor fusion relies on the correct sensor combination. This software improves accuracy, enhances context awareness, enables gesture detection, and enables auto calibration. Advance driver assistance systems (ADAS) is the outcome of automotive sensor fusion.
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Automotive sensor fusion market
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Automotive Sensor Fusion Market Research
Report: Size, Share, Growth, Trends and
Forecast 2024
By
Zaraki Kenpachi
-
June 2, 2021
The technique of combining data from numerous sensors to calculate accurate
position and alignment information to perceive the environment more accurately is
called sensor fusion. In an automotive context, it is called automotive sensor fusion.
Automotive sensor fusion relies on the correct sensor combination. This software
improves accuracy, enhances context awareness, enables gesture detection, and
enables auto calibration. Advance driver assistance systems (ADAS) is the outcome of
automotive sensor fusion. Automotive suppliers are gazing to use this technology to
boost their growth in the fast-growing ADAS and automated driving market.
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The key participants of the automotive sensor fusion market are:
Robert Bosch GmbH, Continental AG, Allegro Microsystems, Delphi Automotive PLC,
Denso Corporation, In몭neon Technologies AG, Sensata Technologies Inc., Elmos
Semiconductor AG, CTS Corporation, Autoliv Inc., Freescale Semiconductor, Inc., and
General Electric Co.
The automotive sensor fusion market has been perceiving substantial growth across
the globe, due to increasing demand for advanced driver assistance systems (ADAS),
integrated sensors in smartphones, and growing trends of miniaturization in
2. electronics. Moreover, electronic devices such as wearable devices, smartphones,
gaming consoles, and smart TVs are the major drivers of the automotive sensor
fusion market. Stringent regulations on vehicle emissions are some of the central
factors likely to be the major automotive sensor fusion market driver. However, the
high initial cost of deployment and the lack of standardization in memory devices and
automotive sensor fusion systems are expected to hinder the market’s growth during
the forecast period. The need for commendable driving automation, increasing
demand for the Internet of Things (IoT), is expected to create great opportunities for
automotive manufacturers the world over. Furthermore, the use of sensors in the
design of advanced planes and high-tech aerial drones is likely to expand the growth
opportunities for automotive sensor fusion market during the forecast period.
The global automotive sensor fusion market is broadly segmented by sensor type and
by sensing parameters, by application, by vehicle type, by industry verticals, and by
region. On the basis of sensor type and sensing parameters, the automotive sensor
fusion market is further classi몭ed into temperature sensors, pressure sensors,
position sensors, oxygen sensors, NOx sensors, speed sensors, inertial sensors, and
image sensors. Inertial sensors are further classi몭ed into accelerometers and
gyroscopes. Image sensors are again classi몭ed into CMOS and CCD sensors. Others
are radar sensors, ultrasonic sensors, rain sensors, relative humidity sensors,
proximity sensors, and particulate matter sensors. Vehicle type is the key factor in
segmenting the global market into passenger car, LCV, and HCV vehicles segments.
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This study by TMR is all-encompassing framework of the dynamics of the market. It
mainly comprises critical assessment of consumers’ or customers’ journeys, current
and emerging avenues, and strategic framework to enable CXOs take e몭ective
decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that o몭ers detailed
visualization of four elements:
3. Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped
avenues, factors shaping their revenue potential, and demand and consumption
patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Paci몭c
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-
driven research and advisory for CXOs to help them make better decisions for their
businesses and stay as leaders.
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insight for thousands of
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use proprietary data sources and various tools and techniques to gather, and analyze
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