According to a new report, published by KBV research, The Global Automotive Sensor Fusion Market size is expected to reach $7.3 billion by 2028, rising at a market growth of 22.8% CAGR during the forecast period.
The HEV segment is showcasing a CAGR of 22.9% during (2022 - 2028). The energy that is recovered when slowing down or going downhill is stored (often in a battery, though other options include a capacitor, flywheel, and others) and used later for propulsion or engine assistance without starting the combustion engine for a short distance. These vehicles lack a plug; therefore, the grid cannot be used to recharge them. Combustion engines produce all energy. HEVs may travel short distances on electric power without using their combustion engines.
The Passenger Cars segment acquired maximum revenue share in the Global Automotive Sensor Fusion Market by Vehicle Type in 2021 thereby, achieving a market value of $4.3 billion by 2028. Alarming increases in deadly accidents, traffic jams, and long-term environmental repercussions like pollution and global warming are all linked to the rapidly increasing number of automobiles on the road. Increased levels of automation in many passenger car subsystems are actively being investigated as a solution to these issues. To improve driving safety, the automation in vehicles has developed into Advanced Driver Assistance systems.
The Image Sensors segment has shown the growth rate of 23.3% during (2022 - 2028). Image sensors are a highly implemented technology for detecting the surroundings. An image sensor functions on the principle of detecting light from the surrounding on a photosensitive surface. The image sensors can detect both moving and stationary hurdles within the field of view and offers high-resolution images of the surroundings. The image sensors permit the perception system of the vehicles to detect road signs, traffic lights, road lane markings, and hurdles in the traffic.
The Asia Pacific market dominated the Global Automotive Sensor Fusion Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.6 billion by 2028. The Europe market is exhibiting a CAGR of 22% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 22.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-sensor-fusion-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Propulsion Type
By Vehicle Type
By Technology
By Geography
Companies Profiled
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