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Sensor Fusion Market by Technology, Products, Application, and Geography - Global Forecast to 2022

Sensor Fusion Market: Global Forecast until 2022

  • July 2016
  • 153 pages
  • ID: 4014205
In this report:
Accelerometers + gyroscopes held the largest share of ~##.##% of the overall sensor fusion market in 2015, and the market for the same is expected to grow at CAGR of ##.##% between 2016 and 2022.
The market for non-MEMS technology based fusion sensors was valued at USD ##.## million in 2015 and is expected to reach USD ##,##.## million by 2022, growing at a CAGR of ##.##% between 2016 and 2022


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"Sensor fusion market intended to grow at an important rate"

According to the new market research report on sensor fusion, this sector is anticipated to be worth ~$6.3B by 2022, increasing at a compound annual growth rate (CAGR) of ~19.3 percent between 2016 and 2022. The rise of the sensor fusion market can be connected to growing demand for sensor fusion technique in consumer electronics and automotive applications.

"Sensor fusion market for non-MEMS technology is anticipated to increase at the maximal rate"

In this analysis, MEMS and Non-MEMS technology have been covered. The sensor fusion market for non-MEMS technology is anticipated to rise at the maximal level rate between 2012 and 2022. The increasing need for the non-MEMS based sensors including radar and image in ADAS system is predicted to push the demand for non-MEMS-based sensor fusion system during the outlook period.

'Sensor fusion market in Asia-Pac forecasted to grow at the highest level rate"

This market report includes regions including North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe. The sector in Asia-Pacific is anticipated to grow at the maximal rate between 2016 and 2022. The main reason for the increase of sensor fusion market in Asia-Pac can be accredited to the fact that it is one of the biggest producers of smartphones in the globe, which is boosting the industry for smartphones integrated with advanced features and integrated sensors including inertial combo sensors and environment sensors. Furthermore, the Asia-Pacific regions is the main automotive production hub in the globe, which boosts the sector for integrated sensor fusion application in automotive applications including ADAS, collision control, lane departure, and others.

Key players' distribution profiles:

- By Company Type: Tier 1 - 25.0 percent, Tier 2 - 50.0 percent, and 1/3 3 - 25.0 percent

- By Designation: C-level - 35.0 percent, Directors- 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, APAC - 20.0 percent, Europe - 30.0 percent, and rest of the world - 5.0 percent

The firms that are profiled in the analysis are STMicroelectronics, NXP Semiconductors N.V., Renesas Electronics Corporation, InvenSense, Incorporated, MEMSIC, Incorporated. , Bosch Sensortec GmbH, Hillcrest labs, Kionix Inc., Senion, BASELABS, and Asahi Kasei Microdevices.

Why acquiring this study can help you:

- This business report includes the industry statistics pertaining to type, application and territory together with their respective revenue.

- The porter's Five forces scheme has been provided along with the value chain study to offer a detailed insight into the sensor fusion market.

- The main drivers, market restraints, opportunities, and alternatives for the sensor fusion market have been precised in this industry report.

- Figures of segmentation, study, and estimate for sensor fusion sectors established on technology, product, application, and area have been organized to give an global view of the sensor fusion market.

- An exhaustive competitive analysis has been provided including top players, complete study, and revenue of main actors.

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