The latest and updated research report on the Global Sensor Fusion Market covers a comprehensive overview of the Sensor Fusion market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Sensor Fusion market.
The rising use of sensor fusion in advanced automobiles like gasoline direct injections, vehicle stability, low emission engine, dynamic vehicle controls, and rapid implementation of IoT technology and expansion of self-directed or driverless cars is expected to fuel the market growth shortly.
Growing demand for various end-use applications, such as automotive, home automation, industrial and military, consumer electronics, healthcare among others, has significantly boosted the global market demand for sensor fusion.
The factors hindering the growth of the sensor fusion market are the rising complexity of sensor fusion algorithms requiring software overhead, additional processing capabilities and technical standardisation.
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Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Sensor Fusion market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Sensor Fusion market, gauging their revenue share over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The leading players in the market include Robert Bosch GmbH, Hillcrest Labs, Microchip Technologies Inc., Cummins, Inc., Kionix Inc., Renesas Electronics Corporation, MEMSIC Inc., Asahi Kasei Microdevices Corporation, STMicroelectronics, BASELABS GmbH and among others.
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Some Key Highlights from the Report
- Radar and image sensors are anticipated to grow at a significant CAGR of 19.8% in the forecasted timeframe. In several industries, excellent features like high accuracy and integrating multiple images into a single combo image radar drives the demand for the product.
- Micro-Electro-Mechanical technology-based solutions are anticipated to experience the highest growth rate throughout the forecasted timeframe owing to the growing demand for image and radar-based products in vehicle safety systems.
- Due to the price, combined functionality, low power consumption, communication protocol, and flexibility with manufacturer products, the 6-axis built-in sensor fusion dominates the market. Furthermore, due to applications in virtual reality and augmented reality games, robotics and autonomous vehicles, and attitude alignment, the 9 axis segment has also witnessed an increased demand.
Emergen Research has segmented the global sensor fusion market based on type, technology, application, axis, end-use industry, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Radar and Image Sensors
- Temperature Sensors and Pressure Sensors
- IMU and GPS
- Inertial Combo Sensors
- Others
Technology Outlook (Revenue, USD Billion; 2017-2027)
Micro-Electro-Mechanical Systems
Non-Micro-Electro-Mechanical Systems
Application Outlook (Revenue, USD Billion; 2017-2027)
Smart Phones
TV Remote
PCs/Tablet
Video Games
Camera
Wearable Devices
Others
Axis Outlook (Revenue, USD Billion; 2017-2027)
9-Axis
6-Axis
3-Axis
End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
Healthcare
Automotive
Home Automation
Consumer Electronics
Others
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