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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. 

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 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 classified into temperature sensors, pressure sensors, position sensors, oxygen sensors, NOx sensors, speed sensors, inertial sensors, and image sensors. Inertial sensors are further classified into accelerometers and gyroscopes. Image sensors are again classified 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.

Based on application the market is subdivided into the power train sensors market, the chassis sensors market, the exhaust sensors market, the safety and control sensors market, the body electronics sensors market, and the telematics sensors market. It is also segmented on the basis of geographical regions into Middle East and Africa (MEA), Asia-Pacific (APAC), North America, Europe, and South America. The market in North America is expected to hold the major share of the global market, primarily due to the developed economies and high adoption of technological advanced systems and stringent regulations on vehicle’s emissions are also responsible for the market’s expected growth during the forecast period.  Also, APAC is likely to hold great opportunities for this market during the forecast period due to the massive technological advancements expected to come its way.

The key participants of the automotive sensor fusion market are Robert Bosch GmbH, Continental AG, Allegro Microsystems, Delphi Automotive PLC, Denso Corporation, Infineon Technologies AG, Sensata Technologies Inc., Elmos Semiconductor AG, CTS Corporation, Autoliv Inc., Freescale Semiconductor, Inc., and General Electric Co.

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 effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • 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 Pacific
  • 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.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Sensor Fusion Market

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