LAMEA Automotive Sensor Fusion Market

LAMEA Automotive Sensor Fusion Market Size, Share & Industry Trends Analysis Report By Propulsion Type (ICE, BEV, and HEV), By Vehicle Type, By Technology (IMU, Image Sensors, Radar Sensors, and Others), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13154 Publication Date: January-2023 Number of Pages: 111
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Market Report Description

The Latin America, Middle East and Africa Automotive Sensor Fusion Market would witness market growth of 26.3% CAGR during the forecast period (2022-2028).

One of the key processes in autonomous driving applications is sensor fusion, which combines data from various sensors to lessen uncertainty compared to when sensors are utilised singly. Adoption of sensor fusion offers further advantages against sensor network attacks coming from the analogue domain while also improving system integrity, reliability, and robustness for normal operation.

Automakers can reduce the danger of malfunction or malicious behaviour that could harm individuals, their property, or the economy by properly integrating sensor fusion into their systems. The use of numerous sensors that measure the same quantity can improve reliability and give resilience to failure. All sensors and models have a tolerance error.

The UAE government's focus on the sector's expansion shows how it aims to use it to help the country's economic progress. It is projected that as Dubai enters a new phase of growth, it will also establish itself as the region's main automotive hub, expanding through the export and re-export of vehicles to the Middle East. The luxurious automobile is a status symbol for the UAE's elite society. More people (and not just a small part) than anywhere else in the globe live in the UAE at a higher standard of life. In addition, Dubai does not tax the income of its citizens. The automotive sensor fusion market is expected to increase in the LAMEA area as a result of the region's expanding automotive industry.

The Brazil market dominated the LAMEA Automotive Sensor Fusion Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $125.9 Million by 2028. The Argentina market is experiencing a CAGR of 27% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 26% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Automotive Sensor Fusion Market is Predict 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

  • ICE
  • BEV
  • HEV

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Technology

  • IMU
  • Image Sensors
  • Radar Sensors
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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.
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