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PUBLISHER: IMARC | PRODUCT CODE: 1291578
PUBLISHER: IMARC | PRODUCT CODE: 1291578
Sensor Fusion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 141 Pages
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The global sensor fusion market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.
Sensor fusion refers to a technology used in automobiles to provide a reliable, interactive, and combined representation of the environment around a vehicle by merging inputs from multiple radars, lidars, and cameras. It can also correlate data collected from inside the cabin using software algorithms to create a comprehensive, accurate, and unified model with less uncertainty. It assists in reducing latency, improving the driving experience, enhancing the lane and detection performance. As a result, it is widely utilized in detection devices to generate integrated sensory information with multilateral and high-level recognition mechanisms.
Sensor Fusion Market Trends:
The rising trend of self-driving or driverless cars represents one of the key factors augmenting the use of sensor fusion to enable advanced driver assistance (ADAS) features and automated driving functions. Additionally, road safety authorities across the globe are undertaking several initiatives to minimize fatal road accidents, which, in turn, is contributing to the market growth. Apart from this, sensor fusion is utilized in navigation-based applications for combining global positioning systems (GPS) with phone data, including compass, gyroscope, and accelerometer. This, in confluence with the escalating demand for mobile mapping technology, is influencing the market positively. Moreover, the growing adoption of Internet of Things (IoT) devices, which comprise sensors to share and aggregate data, in smart water meters and indoor temperature monitoring systems is catalyzing the demand for sensor fusion worldwide. Furthermore, the increasing focus on health and fitness is driving the adoption of sensor fusion technology in wearable fitness devices. Besides this, market players are introducing software solutions that enhance user experience in enhanced intuitive high-speed gaming. This software can also be used in further applications, such as industrial control, oil exploration, and climate monitoring, which is creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sensor fusion market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and industry vertical.
Breakup by Type:
Radar Sensors
Image Sensors
IMU
Temperature Sensor
Others
Breakup by Technology:
MEMS
Non-MEMS
Breakup by Industry Vertical:
Automotive
Healthcare
Consumer Electronics
Military and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc., BASELABS, Bosch Sensortec GmbH (Robert Bosch GmbH), Continental AG, Infineon Technologies AG, InvenSense Inc. (TDK Corporation), Kionix Inc. (ROHM Co. Ltd.), Leddartech Inc., Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, STMicroelectronics and TE Connectivity Ltd.
Key Questions Answered in This Report:
- How has the global sensor fusion market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global sensor fusion market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global sensor fusion market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5077
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Sensor Fusion Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Radar Sensors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Image Sensors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 IMU
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Temperature Sensor
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Technology
- 7.1 MEMS
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-MEMS
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Healthcare
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Consumer Electronics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Military and Defense
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Analog Devices Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BASELABS
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Bosch Sensortec GmbH (Robert Bosch GmbH)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Continental AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Infineon Technologies AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 InvenSense Inc. (TDK Corporation)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Kionix Inc. (ROHM Co. Ltd.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Leddartech Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Microchip Technology Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 NXP Semiconductors N.V.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Renesas Electronics Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 STMicroelectronics
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 TE Connectivity Ltd.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 Analog Devices Inc.
Product Code: SR112023A5077
List of Figures
- Figure 1: Global: Sensor Fusion Market: Major Drivers and Challenges
- Figure 2: Global: Sensor Fusion Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Sensor Fusion Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Sensor Fusion Market: Breakup by Type (in %), 2022
- Figure 5: Global: Sensor Fusion Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Sensor Fusion Market: Breakup by Industry Vertical (in %), 2022
- Figure 7: Global: Sensor Fusion Market: Breakup by Region (in %), 2022
- Figure 8: Global: Sensor Fusion (Radar Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Sensor Fusion (Radar Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Sensor Fusion (Image Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Sensor Fusion (Image Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Sensor Fusion (IMU) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Sensor Fusion (IMU) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Sensor Fusion (Temperature Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Sensor Fusion (Temperature Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Sensor Fusion (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Sensor Fusion (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Sensor Fusion (MEMS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Sensor Fusion (MEMS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Sensor Fusion (Non-MEMS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Sensor Fusion (Non-MEMS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Sensor Fusion (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Sensor Fusion (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Sensor Fusion (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Sensor Fusion (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Sensor Fusion (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Sensor Fusion (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Sensor Fusion (Military and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Sensor Fusion (Military and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Sensor Fusion (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Sensor Fusion (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Sensor Fusion Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Sensor Fusion Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Sensor Fusion Industry: SWOT Analysis
- Figure 82: Global: Sensor Fusion Industry: Value Chain Analysis
- Figure 83: Global: Sensor Fusion Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Sensor Fusion Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Sensor Fusion Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Sensor Fusion Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Sensor Fusion Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 5: Global: Sensor Fusion Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Sensor Fusion Market: Competitive Structure
- Table 7: Global: Sensor Fusion Market: Key Players
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