Sensor Fusion Market - Trends Forecast Till 2028

Sensor Fusion Market, by Technology (Camera, LIDAR & RADAR), Data Fusion Type & Level (Homogeneous, Heterogeneous, Data, Decision, Feature), Software Layer, Vehicle Type (ICE, Autonomous & Electric) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AU-SFM-495

Format:  

Number of Pages: 329

Domain: Automotive

Sensor Fusion Market – Trends Forecast Till 2028

The global Sensor Fusion market size is projected to reach USD 22 billion by 2026 at a CAGR of 25.6% from USD 3 billion in 2021 during the forecast period 2021-2028.

Sensor fusion is an AI based technology which has an ability to incorporate the data received from various radars, cameras and lidars into a single source of information which can be a picture or model which tells about the environment around the vehicle. The image or model so obtained is balanced as it is based on the strength of different sensors.

Due to the technical advancements offered by the sensor fusion along with the lack of standardization in software are some of the factors that have supported long-term expansion for Sensor Fusion Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The automotive market also saw a declining phase during the pandemic. Since the sensor fusion market is dependent over the automotive industry thus was affected in a negative way.

Sensor Fusion Market Report

Asia Pacific is expected to be the largest market during the forecast period. The increasing production of vehicles, surge in demand for luxury cars and the advancements of sensor fusion hardware are a reason for the expansion of market in the region.

Sensor Fusion Market is segmented into technology, data fusion type, data fusion level, vehicle type, EV type, autonomous vehicle, sensor type, application, sensor fusion environment and geography.

On the basis of Technology

  • Camera
  • Radar
  • LiDAR

On the basis of Data Fusion Type

  • Homogeneous
  • Heterogeneous

On the basis of Vehicle Type

  • Passenger Car
  • Light-commercial Vehicles (LCV)
  • Truck
  • Bus

On the basis of Data Fusion Level

  • Feature
  • Decision
  • Data

On the basis of Software Layer

  • Operating System
  • Middleware
  • Application Software

On the basis of Electrical Vehicle

  • BEV
  • PHEV
  • FCEV

On the bais of Autonomous Vehice

  • L4
  • L5

On the basis of Sensor Type

  • Temperature
  • Pressure
  • Oxygen
  • NOx,
  • Speed
  • Inertial
  • Image
  • Position
  • Other sensors

On the basis of Application

  • Powertrain & Drivetrain
  • Safety & Body control
  • Exhaust
  • Infotainment
  • Navigation & Telematics

On the basis of Sensor Fusion Environment

  • External
  • Internal

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Sensor Fusion Market Primary Respondent

 

Key Players

  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Continental AG
  • NXP Semiconductors N.V.
  • Infineon Technologies
  • Denso Corporation
  • Aptiv
  • ST Microelectronics,
  • Allergo Microsystems
  • Elmos Semiconductor SE

Recent Developments

  • In July 2021, Bosch joined hands with Microsoft in order to develop a software platform which connect cars to the cloud seamlessly. The new platform is based on Microsoft Azure and uses software modules from Bosch.
  • In April 2021, Continental AG launched a new radar sensor which offered 360-degree coverage with a longer range.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
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  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 3 billion

Growth Rate

CAGR of 25.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

technology, data fusion type, data fusion level, vehicle type, EV type, autonomous vehicle, sensor type, application, sensor fusion environment and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, NXP Semiconductors N.V., Infineon Technologies, Denso Corporation, Aptiv, ST Microelectronics, and Allergo Microsystems, Elmos Semiconductor SE

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