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Report
Sensor Fusion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 141 Pages I IMARC Group
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?
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
9.2 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
9.3 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
9.4 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
9.5 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
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
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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