0

Sensor Fusion Market by Technology and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 127
  • SKU: IRTNTR73451
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The sensor fusion market share is expected to increase by USD 5.79 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 19.14%.

This sensor fusion market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The sensor fusion market report offers information on several market vendors, including Analog Devices Inc., Applied Materials Inc., Asahi Kasei Corp., ASM International, BASELABS GmbH, CEVA Inc., Continental AG, Hitachi Ltd., Infineon Technologies AG, Lam Research Corp., LeddarTech Inc., MEMSIC (Tianjin) Co. Ltd., Nikon Corp., NXP Semiconductors NV, Robert Bosch GmbH, ROHM Co. Ltd., Senion AB, STMicroelectronics International NV, TDK Corp., and Tokyo Electron Ltd. among others.

This report further entails sensor fusion market segmentations, including:

  • Technology - MEMS and Non-MEMS
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

What will the Sensor Fusion Market Size be During the Forecast Period?

Sensor Fusion Market Size

Download the Free Report Sample to Unlock the Sensor Fusion Market Size for the Forecast Period and Other Important Statistics

 

Sensor Fusion Market: Key Drivers, Trends, and Challenges

The decline in sensor prices is notably driving the sensor fusion market growth, although factors such as system reliability and uncertainty in user acceptance of autonomous features may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sensor fusion industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sensor Fusion Market Driver

  • The decline in sensor prices is one of the key drivers fueling the sensor fusion market growth.
  • For instance, the price of displays witnessed a significant reduction in the last decade, owing to wide adoption from the consumer electronics and automotive segments, which allowed automotive original equipment manufacturers (OEMs) to reduce the overall price of infotainment systems used in vehicles further gaining penetration in the market.
  • Hardware cost remains a primary cost consideration for ADAS manufacturers. However, by keeping a close eye on parallel industries, such as consumer electronics, ADAS manufacturers can cost-effectively adopt new technologies.
  • The radar sensor, which is a vital component in ADAS technologies, witnessed a reduction in its price and is currently priced in the range of $50-$200. Thus, the reduction in the price of sensors will drive the sensor fusion market growth during the forecast period.

Key Sensor Fusion Market Trend

  • Increasing design complexity is one of the key sensor fusion market trends that is positively impacting market growth.
  • Torque sensors are used in a wide range of applications in the automotive industry. Complexity in the design of these sensors is increasing because of the integration of more functions into sensors and the constant and increasing demand from the end-users.
  • Vendors must focus more on adding new functionalities to microcontroller design to meet the demand from end-users.
  • The increased complexity will increase the cost of the manufacturing process, owing to the installation of sophisticated components within the sensors. This ultimately results in delays in production schedules and adds to the cost of production. 
  • Industries prefer the miniaturization of components to reduce power consumption and the proper utilization of installed space. This miniaturization trend poses a challenge for torque sensor manufacturers. This, in turn, increases the demand for sensor fusion and thereby driving the market growth.

Key Sensor Fusion Market Challenge

  • System reliability and uncertainty in user acceptance of autonomous features is one of the limitations hampering the sensor fusion market growth.
  • Customers must be assured about the reliability of new, advanced technology-enabled systems and sub-systems. Though Level 3 autonomous vehicles use advanced ADAS to prevent accidents and assist drivers, their safety aspects are still unclear.
  • Sensors and systems that deliver vehicle automation must be tuned accurately to avoid false positives. The improper tuning of the autonomous vehicle technology system may lead to an unwanted stoppage of the vehicle.
  • The purpose of the autonomous vehicle technology system is defeated if the technology is tuned to generate only high-risk alerts. Therefore, electronic system manufacturers need to consider such consequences if they must deliver per the expectations of users. 
  • The shortage of talent pool at body shops and dealer sites may emerge as a global concern among first-time users of new technologies. This, in turn, will restrict the growth of the sensor fusion market during the forecast period. 

This sensor fusion market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global sensor fusion market as a part of the global data processing and outsourced services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sensor fusion market during the forecast period.

Who are the Major Sensor Fusion Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Analog Devices Inc.
  • Applied Materials Inc.
  • Asahi Kasei Corp.
  • ASM International
  • BASELABS GmbH
  • CEVA Inc.
  • Continental AG
  • Hitachi Ltd.
  • Infineon Technologies AG
  • Lam Research Corp.
  • LeddarTech Inc.
  • MEMSIC (Tianjin) Co. Ltd.
  • Nikon Corp.
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • ROHM Co. Ltd.
  • Senion AB
  • STMicroelectronics International NV
  • TDK Corp.
  • Tokyo Electron Ltd.

 

This statistical study of the sensor fusion market encompasses successful business strategies deployed by the key vendors. The sensor fusion market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • BASELABS GmbH - The company offers dynamic grid Sensor fusion for dynamic and static objects which have high resolution and semantic sensors applicable in valet parking, L2+ driver assistance and highly automated driving. 
  • Continental AG - The company offers sensor data fusion device for driving function required for autonomous vehicles to prevent any sort of traffic accidents. 
  • MEMSIC (Tianjin) Co. Ltd. - The company offers INS380 interial measurement system sensing technology which provide inertial measurement units, vertical gyros, attitude and heading reference systems, inertial navigation system and tilt measurement system in a variety of packages suited for system designers to end equipment manufacturers. 

Sensor Fusion Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sensor fusion market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sensor fusion market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Sensor Fusion Market?

Sensor Fusion Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the sensor fusion market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Developments in autonomous vehicles will facilitate the sensor fusion market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Sensor Fusion Market?

Sensor Fusion Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The sensor fusion market share growth by the MEMS segment will be significant during the forecast period. MEMS refers to the devices or the components that are very small in size ranging from a few micrometers to millimeters, and combine both electrical and mechanical components. These components are further fabricated utilizing integrated circuit batch processing technologies. MEMS-based smart sensors are crucial components in several disciplines such as automotive electronics, medical equipment, and portable electronics like hard drives, computer peripherals, wireless devices, cell phones, etc. Thus, the growing adoption of MEMS technology in designing and developing smart sensors is expected to propel the growth of the sensor fusion market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sensor fusion market size and actionable market insights on post COVID-19 impact on each segment.

 

Sensor Fusion Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 19.14%

Market growth 2022-2026

$ 5.79 billion

Market structure

Fragmented

YoY growth (%)

18.36

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Analog Devices Inc., Applied Materials Inc., Asahi Kasei Corp., ASM International, BASELABS GmbH, CEVA Inc., Continental AG, Hitachi Ltd., Infineon Technologies AG, Lam Research Corp., LeddarTech Inc., MEMSIC (Tianjin) Co. Ltd., Nikon Corp., NXP Semiconductors NV, Robert Bosch GmbH, ROHM Co. Ltd., Senion AB, STMicroelectronics International NV, TDK Corp., and Tokyo Electron Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Sensor Fusion Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sensor fusion market growth during the next five years
  • Precise estimation of the sensor fusion market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sensor fusion industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sensor fusion market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Technology

    • 5.1 Market segments
      • Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
    • 5.2 Comparison by Technology
      • Exhibit 26: Chart on Comparison by Technology
      • Exhibit 27: Data Table on Comparison by Technology
    • 5.3 MEMS - Market size and forecast 2021-2026
      • Exhibit 28: Chart on MEMS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on MEMS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on MEMS - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on MEMS - Year-over-year growth 2021-2026 (%)
    • 5.4 Non MEMS - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non MEMS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Non MEMS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Non MEMS - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non MEMS - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Technology
      • Exhibit 36: Market opportunity by Technology ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 BASELABS GmbH
              • Exhibit 89: BASELABS GmbH - Overview
              • Exhibit 90: BASELABS GmbH - Product / Service
              • Exhibit 91: BASELABS GmbH - Key news
              • Exhibit 92: BASELABS GmbH - Key offerings
            • 10.4 Continental AG
              • Exhibit 93: Continental AG - Overview
              • Exhibit 94: Continental AG - Business segments
              • Exhibit 95: Continental AG - Key news
              • Exhibit 96: Continental AG - Key offerings
              • Exhibit 97: Continental AG - Segment focus
            • 10.5 Infineon Technologies AG
              • Exhibit 98: Infineon Technologies AG - Overview
              • Exhibit 99: Infineon Technologies AG - Business segments
              • Exhibit 100: Infineon Technologies AG - Key news
              • Exhibit 101: Infineon Technologies AG - Key offerings
              • Exhibit 102: Infineon Technologies AG - Segment focus
            • 10.6 MEMSIC (Tianjin) Co. Ltd.
              • Exhibit 103: MEMSIC (Tianjin) Co. Ltd. - Overview
              • Exhibit 104: MEMSIC (Tianjin) Co. Ltd. - Product / Service
              • Exhibit 105: MEMSIC (Tianjin) Co. Ltd. - Key news
              • Exhibit 106: MEMSIC (Tianjin) Co. Ltd. - Key offerings
            • 10.7 NXP Semiconductors NV
              • Exhibit 107: NXP Semiconductors NV - Overview
              • Exhibit 108: NXP Semiconductors NV - Product / Service
              • Exhibit 109: NXP Semiconductors NV - Key news
              • Exhibit 110: NXP Semiconductors NV - Key offerings
            • 10.8 Robert Bosch GmbH
              • Exhibit 111: Robert Bosch GmbH - Overview
              • Exhibit 112: Robert Bosch GmbH - Business segments
              • Exhibit 113: Robert Bosch GmbH - Key news
              • Exhibit 114: Robert Bosch GmbH - Key offerings
              • Exhibit 115: Robert Bosch GmbH - Segment focus
            • 10.9 ROHM Co. Ltd.
              • Exhibit 116: ROHM Co. Ltd. - Overview
              • Exhibit 117: ROHM Co. Ltd. - Business segments
              • Exhibit 118: ROHM Co. Ltd. - Key news
              • Exhibit 119: ROHM Co. Ltd. - Key offerings
              • Exhibit 120: ROHM Co. Ltd. - Segment focus
            • 10.10 STMicroelectronics International NV
              • Exhibit 121: STMicroelectronics International NV - Overview
              • Exhibit 122: STMicroelectronics International NV - Business segments
              • Exhibit 123: STMicroelectronics International NV - Key news
              • Exhibit 124: STMicroelectronics International NV - Key offerings
              • Exhibit 125: STMicroelectronics International NV - Segment focus
            • 10.11 TDK Corp.
              • Exhibit 126: TDK Corp. - Overview
              • Exhibit 127: TDK Corp. - Business segments
              • Exhibit 128: TDK Corp. - Key news
              • Exhibit 129: TDK Corp. - Key offerings
              • Exhibit 130: TDK Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Sensor Fusion Market market growth will increase by $5.79 bn during 2022-2026.
              The sensor fusion market market is expected to grow at a CAGR of 19.14% during 2022-2026.
              Technavio has segmented the sensor fusion market market by technology (MEMS and Non MEMS) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Analog Devices Inc., Applied Materials Inc., Asahi Kasei Corp., ASM International, BASELABS GmbH, CEVA Inc., Continental AG, Hitachi Ltd., Infineon Technologies AG, Lam Research Corp., LeddarTech Inc., MEMSIC (Tianjin) Co. Ltd., Nikon Corp., NXP Semiconductors NV, Robert Bosch GmbH, ROHM Co. Ltd., Senion AB, STMicroelectronics International NV, TDK Corp., Tokyo Electron Ltd. are a few of the key vendors in the sensor fusion market market.
              APAC will register the highest growth rate of 39% among the other regions. Therefore, the sensor fusion market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the sensor fusion market market growth are:
              • Decline in sensor prices
              • Increasing design complexity
              The sensor fusion market market vendors should focus on grabbing business opportunities from the mems segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single User:

                Quick and easy buy and download option

              • Enterprise:

                Flexible option - Complimentary customization included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>