Sensor Fusion Market Research Analysis, growth, Size, Opportunities and Forecast 2023

Posted February 11, 2019 by mandar

The global market for sensor fusion is estimated to grow at a significant rate during the forecast period from 2018 to 2023

Market Highlights

The global sensor fusion market has been evaluated as growing market and expected that the market will touch high growth figures in upcoming years. The increasing investment by automakers and consumer electronics industries in designing and manufacturing sensors to serve application such as smartphones, robotics and medical is developing the growth in sensor fusion market. Globally the market for sensor fusion is increasing rapidly. The major factor that drives the growth of the market includes increasing adoption of sensor fusion in consumer electronics such as smartphones, and wearable devices, rising home automation applications, and growing advanced driver assistance system market in automotive industry among others. Worldwide sensor fusion market is expected to grow from USD 2.25 billion in 2017 to USD 6.37 billion by 2023, at a compound annual growth rate (CAGR) of 19.45% during the forecast period

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Sensor Fusion Market:

Sensor Fusion is a process where multiple data generated from various sensors fused together to compute more accurate and more complete information for the industries. The sensor fusion market is expected to gain huge traction from various application areas including consumer electronics and automotive. The driver assistance systems are supporting the growth of automotive sector of sensor fusion market.

The technologies such as MEMS and non-MEMS offer high growth prospective in various application sectors such as consumer electronics, automotive, military, medical, and robotics among others.

Key Players

The major participants of this market are NXP Semiconductor N.V. (Netherlands), Kionix, Inc. (Japan), Robert Bosch GmbH (Germany), Cummins, Inc. (U.S.), Renesas electronics Corporation (Japan), MEMSIC, Inc. (U.S.), Analog device, Inc. (U.S.), Senion (Sweden), Microchip technologies Inc. (U.S.), and Baselabs (Germany) among others.

Market Research Analysis:

The growing advancement of sensor technology in smartphones and tablets is developing profitable environment of sensor designers and manufacturers. In the coming years, it is expected that the Sensor Fusion market will advance with higher growth rate as compared to previous years. Also, growing demand and high usage of technically upgraded robots by automotive industries is improving the market growth in upcoming years. The current challenges for the market are lack of security standards and changing mobility environment due to lack of robustness which is thereby hampering the market growth.

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1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Sensor Fusion Market

5 Industry Overview Of Global Sensor Fusion Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

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Table 1 Global Sensor Fusion Market, By Region, 2018–2023

Table 2 North America: Sensor Fusion Market, By Country, 2018–2023

Table 3 Europe: Sensor Fusion Market, By Country, 2018–2023

Table 4 Asia-Pacific: Sensor Fusion Market, By Country, 2018–2023

Table 5 Middle East & Africa: Sensor Fusion Market, By Country, 2018–2023


FIGURE 1 Global Sensor Fusion Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Sensor Fusion Market

FIGURE 4 Value Chain Of Global Sensor Fusion Market

FIGURE 5 Share Of Global Sensor Fusion Market In 2017, By Country (In %)

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Categories Electronics , Semiconductors , Technology
Tags sensor fusion market
Last Updated February 11, 2019