Global Sensor Fusion Market Size study, By Technology, By Product Type, By End Use Application, and Regional Forecasts 2022-2028

Description

List of Tables

Global Sensor Fusion Market is valued approximately at USD 5.33 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.25% over the forecast period 2022-2028. Sensor fusion is the process of integrating sensor data or data resultant from different bases to get most accurate data. In other words, it is the combination of sensors to receive more reliable and precise information rather than using individual sensors. The growing trend of autonomous vehicles and advanced driver assistance systems (ADAS) are further integrating new RADAR, camera, LIDAR, and GNSS sensors into these vehicles. This rapid change requires flexible test systems to deploy products quickly and safely, hence driving the need for sensor fusion systems in the industry. Therefore, the growing functionality of autonomous vehicles is mainly driving the growth of sensor fusion in the autonomous vehicle sector over the forecast period. ''The growing demand for integrated sensors in smartphones, increasing inclination towards the miniaturization in electronics, the rising trend incorporating fusion technology in consumer electronics device applications such as gesture recognition, orientation, and position detection, navigation, optical image stabilization, activity tracking, and many others are the primary factors that are stimulating the market demand across the globe. For instance, as per the Independent Communications Authority of South Africa's (ICASA's) new report on the State of ICT Sector in SA 2019, in September 2019, the regional smartphone penetration was accounted for 81.72% which exhibits the continuous increase in comparison of September 2016 and 74.2% in September 2017. However, a lack of standardization in mems and sensor fusion systems impedes the growth of the market over the forecast period of 2022-2028. Also, the growing demand for wearable devices is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the Global Sensor Fusion Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the emergence of novel technologies, and growing demand for electronic devices such as modern smartphones, tablets, and stylish wearable devices. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the presence of prime automotive leading players in this geographical region, as well as the development of various autonomous vehicles and the radicle automobile landscape, would create lucrative growth prospects for the Sensor Fusion market across the Asia-Pacific region.

Major market players included in this report are:

Analog Devices Inc.

NXP Semiconductor

Renesas Electronics Corporation

Bosch Sensortec GmbH

InvenSense, Inc.

Infineon Technologies

STMicroelectronics

Asahi Kasei Microdevices

BASELABS GmBH

Maxim Integrated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology

MEMS

NON-MEMS

By Product Type

Inertial Combo Sensors

Radar + Image Sensors

IMU+GPS

Temperature Sensors+ Pressure Sensors+ Humidity/ Light Sensors/ Gas Sensors

Others

By End Use Application

Consumer Electronics

Automotive

Home Automation

Medical

Military

Industrial

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019. 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Sensor Fusion Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Sensor Fusion Market, by region, 2020-2028 (USD Billion)
- 1.2.2. Global Sensor Fusion Market, by Technology, 2020-2028 (USD Billion)
- 1.2.3. Global Sensor Fusion Market, by Product Type, 2020-2028 (USD Billion)
- 1.2.4. Global Sensor Fusion Market, by End Use Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Sensor Fusion Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Sensor Fusion Market Dynamics

3.1. Sensor Fusion Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for advanced driver assistance systems (ADAS)
  - 3.1.1.2. Growing trend of miniaturization in electronics
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of standardization in mems and sensor fusion systems
  - 3.1.2.2. Lack availability of proficient staffs for controlling advanced fusion systems and software
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing demand for wearable devices
  - 3.1.3.2. Increasing adoption of sensor fusion applications as a context awareness systems and IoT

Chapter 4. Global Sensor Fusion Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Sensor Fusion Market, by Technology

6.1. Market Snapshot
6.2. Global Sensor Fusion Market by Technology, Performance - Potential Analysis
6.3. Global Sensor Fusion Market Estimates & Forecasts by Technology 2019-2028 (USD Billion)
6.4. Sensor Fusion Market, Sub Segment Analysis
- 6.4.1. MEMS
- 6.4.2. NON-MEMS

Chapter 7. Global Sensor Fusion Market, by Product Type

7.1. Market Snapshot
7.2. Global Sensor Fusion Market by Product Type, Performance - Potential Analysis
7.3. Global Sensor Fusion Market Estimates & Forecasts by Product Type 2019-2028 (USD Billion)
7.4. Sensor Fusion Market, Sub Segment Analysis
- 7.4.1. Inertial Combo Sensors
- 7.4.2. Radar + Image Sensors
- 7.4.3. IMU+GPS
- 7.4.4. Temperature Sensors+ Pressure Sensors+ Humidity/ Light Sensors/ Gas Sensors
- 7.4.5. Others

Chapter 8. Global Sensor Fusion Market, by End Use Application

8.1. Market Snapshot
8.2. Global Sensor Fusion Market by End Use Application, Performance - Potential Analysis
8.3. Global Sensor Fusion Market Estimates & Forecasts by End Use Application 2019-2028 (USD Billion)
8.4. Sensor Fusion Market, Sub Segment Analysis
- 8.4.1. Consumer Electronics
- 8.4.2. Automotive
- 8.4.3. Home Automation
- 8.4.4. Medical
- 8.4.5. Military
- 8.4.6. Industrial
- 8.4.7. Others

Chapter 9. Global Sensor Fusion Market, Regional Analysis

9.1. Sensor Fusion Market, Regional Market Snapshot
9.2. North America Sensor Fusion Market
- 9.2.1. U.S. Sensor Fusion Market
  - 9.2.1.1. Technology estimates & forecasts, 2019-2028
  - 9.2.1.2. Product Type estimates & forecasts, 2019-2028
  - 9.2.1.3. End Use Application estimates & forecasts, 2019-2028
- 9.2.2. Canada Sensor Fusion Market
9.3. Europe Sensor Fusion Market Snapshot
- 9.3.1. U.K. Sensor Fusion Market
- 9.3.2. Germany Sensor Fusion Market
- 9.3.3. France Sensor Fusion Market
- 9.3.4. Spain Sensor Fusion Market
- 9.3.5. Italy Sensor Fusion Market
- 9.3.6. Rest of Europe Sensor Fusion Market
9.4. Asia-Pacific Sensor Fusion Market Snapshot
- 9.4.1. China Sensor Fusion Market
- 9.4.2. India Sensor Fusion Market
- 9.4.3. Japan Sensor Fusion Market
- 9.4.4. Australia Sensor Fusion Market
- 9.4.5. South Korea Sensor Fusion Market
- 9.4.6. Rest of Asia Pacific Sensor Fusion Market
9.5. Latin America Sensor Fusion Market Snapshot
- 9.5.1. Brazil Sensor Fusion Market
- 9.5.2. Mexico Sensor Fusion Market
9.6. Rest of The World Sensor Fusion Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Devices Inc.
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. NXP Semiconductor
- 10.2.3. Renesas Electronics Corporation
- 10.2.4. Bosch Sensortec GmbH
- 10.2.5. InvenSense, Inc.
- 10.2.6. Infineon Technologies
- 10.2.7. STMicroelectronics
- 10.2.8. Asahi Kasei Microdevices
- 10.2.9. BASELABS GmBH
- 10.2.10. Maxim Integrated

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Sensor Fusion Market, report scope
TABLE 2. Global Sensor Fusion Market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Sensor Fusion Market estimates & forecasts by Technology 2019-2028 (USD Billion)
TABLE 4. Global Sensor Fusion Market estimates & forecasts by Product Type 2019-2028 (USD Billion)
TABLE 5. Global Sensor Fusion Market estimates & forecasts by End Use Application 2019-2028 (USD Billion)
TABLE 6. Global Sensor Fusion Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 7. Global Sensor Fusion Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 8. Global Sensor Fusion Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 9. Global Sensor Fusion Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Sensor Fusion Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Sensor Fusion Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Sensor Fusion Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Sensor Fusion Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Sensor Fusion Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. Global Sensor Fusion Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. U.S. Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 17. U.S. Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 18. U.S. Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 19. Canada Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 20. Canada Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 21. Canada Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 22. UK Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 23. UK Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 24. UK Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 25. Germany Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 26. Germany Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 27. Germany Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 28. RoE Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 29. RoE Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 30. RoE Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 31. China Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 32. China Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 33. China Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 34. India Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 35. India Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 36. India Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 37. Japan Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 38. Japan Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 39. Japan Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 40. RoAPAC Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 41. RoAPAC Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 42. RoAPAC Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 43. Brazil Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 44. Brazil Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 45. Brazil Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 46. Mexico Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 47. Mexico Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 48. Mexico Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 49. RoLA Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 50. RoLA Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 51. RoLA Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 52. Row Sensor Fusion Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 53. Row Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 54. Row Sensor Fusion Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 55. List of secondary sources, used in the study of Global Sensor Fusion Market
TABLE 56. List of primary sources, used in the study of Global Sensor Fusion Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Sensor Fusion Market, research methodology
FIG 2. Global Sensor Fusion Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Sensor Fusion Market, key trends 2021
FIG 5. Global Sensor Fusion Market, growth prospects 2022-2028
FIG 6. Global Sensor Fusion Market, porters 5 force model
FIG 7. Global Sensor Fusion Market, pest analysis
FIG 8. Global Sensor Fusion Market, value chain analysis
FIG 9. Global Sensor Fusion Market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Sensor Fusion Market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Sensor Fusion Market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Sensor Fusion Market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Sensor Fusion Market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Sensor Fusion Market, regional snapshot 2019 & 2028
FIG 15. North America Sensor Fusion Market 2019 & 2028 (USD Billion)
FIG 16. Europe Sensor Fusion Market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific market 2019 & 2028 (USD Billion)
FIG 18. Latin America Sensor Fusion Market 2019 & 2028 (USD Billion)
FIG 19. Global Sensor Fusion Market, company market share analysis (2021)