Sensor Fusion Market Segmentation & Market Analysis Research Report 2019

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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TABLE OF CONTENTS

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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LIST OF TABLES

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

LIST OF FIGURES

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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Sensor fusion Market Status, Revenue, Growth Rate, Services and Solutions- Forecast to 2022

Sensor Fusion Market Global Market   - Overview

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.

Globally the market for Sensor Fusion is expected to grow at the rate of around ~19% from 2016 to 2022.

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The major factors lashing the development of sensor fusion 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 in automotive industry. However, the large initial rate of disposition and the lack of standards in memory devices and automotive sensor fusion systems are expected to hinder the growth of sensor fusion market during the forecast period. The need for estimable driving automation, and increasing demand for internet of things, is expected to create plentiful opportunities for automotive manufacturers across the world. Further, the use of sensors in the design of advanced airplanes and high-tech drones is expected to expand the growth opportunities for automotive sensor fusion market during the forecast period. People are relying on sensors for safety, entertainment, food production, transportation, and many more.

The design and implementation of a neural network-based system combining the outputs of several sensors (acoustic emission, force and spindle motor current) for monitoring progressive tool wear in a single point turning operation is described. Multichannel autoregressive series model parameters and power spectrum amplitudes are used as inputs to the network. The objective of the system is to extend the range of machining conditions over which the system performs successfully. A basic architecture for multiple sensor systems is outlined. Results of recent research to implement a real-time monitoring system are presented.

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. The extensive use of fusion technology in consumer electronics devices for various applications favors the sensor fusion market growth. The surfacing of sensor fusion technology is a trend that acts as a key role in the expansion of this market. However, dearth of standardization and harmonization process of the MEMS sensor and related software is hampering the market.

Key Players:

• 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.),
• Baselabs (Germany)

Sensor Fusion Market Global Market   - Segmentation

Segmentation by Type of Sensor: Accelerometer, Capacitive Sensor, Pressure Sensor, Temperature Sensors, Touch Sensor, Radar Sensor, Image sensor among others.

Segmentation by Technology: MEMS and Non-MEMS technology.

Segmentation by Application: Consumer Electronics, Robotics, Aerospace, & Defence, Automotive, Healthcare, and others.

Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Industry News

January 2018, Ainstein Introduces 79 GHz Automotive Short Range Radar T-79. Ainstein's T-79 Short Range Radar is built on RF-CMOS IC technology, allowing for ultra-low power consumption and unit cost. The highly integrated hardware design paired with Ainstein's proprietary advanced radar signal processing algorithms makes it capable of high resolution 360° detection when multiple units are configured on the vehicle. This allows for semi-autonomous or fully autonomous driving.

January 2018, Sensor Fusion Is the Next Step: AEye and Tetravue. Start-up AEye is planning to integrate both lidar and a traditional camera onto its sensor, adding enough intelligence that it can optimize the laser pattern it emits based on feedback from both the lidar and the camera. It expects the result to be as much as five times more efficient than a typical MEMS-based lidar solution, and provide a full RGB+depth image. It’s calling its new approach iDAR, and expects it to be 10 to 20 times more effective than traditional lidar when identifying objects.

Tetravue aims to achieve something similar. It’s working on a system where a traditional camera sensor can be fixed with a light slicer so that in addition to RGB data, the unit will also get accurate depth information.

Table Of Contents

1. Report Prologue
2. Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

Continued…

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List Of Tables

Table 1 Global Sensor Fusion Market (Usd Billion)

Table 2 Global Sensor Fusion Market, By Types Of Sensors

Table 3 Global Accelerometer Market, By Region

Continued…

List Of Figures

Figure 1 Research Process

Figure 2 Drivers Of Global Sensor Fusion Market

Figure 3 Global Sensor Fusion Market: By Type

Continued…

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Sensor Fusion Market Research Report- Global Forecast to 2022

Sensor Fusion Market, by Application (Military, Consumer electronics, Automotive, Robotics), by Sensor Type (Image, Radar, Touch, Temperature, Pressure, Capacitive), by Technology (MEMS, Non-MEMS) - Forecast 2022

Key Players for Sensor Fusion Market:

Some of the major players in Sensor Fusion Market include 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.

Segments for Sensor Fusion Market:

Global Sensor Fusion Market can be segmented on the basis of types of sensors which comprises of accelerometer, capacitive sensors, pressure sensors, temperature sensors, touch sensors, radar sensors, and image sensors among others. On the basis of technology the market is segmented into MEMS and non-MEMS technology. Furthermore, based on applications the market is segmented into consumer electronics, automotive, medical, military, and robotics among others.

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Market Synopsis of Sensor Fusion Market:

Market Scenario:

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.

Globally the market for Sensor Fusion is expected to grow at the rate of around ~19% from 2016 to 2022.

Regional Analysis of Sensor Fusion Market:

North America is dominating the Global Sensor Fusion Market with the largest market share in the region due to presence of automotive major players and growing technological advancement in the region and therefore is expected to have high market growth by 2022.  Sensor Fusion Market in Asia-Pacific region is expected to grow at high rate between the forecast period 2016 and 2022 due to high demand of sensor fusion from consumer electronics sector arising from emerging countries in this region including India, China, Singapore, and Malaysia among others.

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Target Audience:

• Sensor manufacturers
• Research
• Investment firms
• Industrial
• Suppliers and distributors
• Government Agencies

Study Objective of Sensor Fusion Market:

• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Sensor Fusion
• To provide insights about factors affecting the market growth.
• To analyze the Sensor Fusion Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by types of sensor, by technology, by application and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Sensor Fusion  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

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Sensor Fusion Market: Share, Key Vendors Analysis, Import & Export, Revenue by Forecast

Sensor Fusion Market, by Application (Military, Consumer electronics, Automotive, Robotics), by Sensor Type (Image, Radar, Touch, Temperature, Pressure, Capacitive), by Technology (MEMS, Non-MEMS) - Forecast 2022

Segments for Sensor Fusion Market:

Global Sensor Fusion Market can be segmented on the basis of types of sensors which comprises of accelerometer, capacitive sensors, pressure sensors, temperature sensors, touch sensors, radar sensors, and image sensors among others. On the basis of technology the market is segmented into MEMS and non-MEMS technology. Furthermore, based on applications the market is segmented into consumer electronics, automotive, medical, military, and robotics among others.

Market Synopsis of Sensor Fusion Market:

Market Scenario:

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.

Globally the market for Sensor Fusion is expected to grow at the rate of around ~19% from 2016 to 2022.

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Key Players for Sensor Fusion Market:

Some of the major players in Sensor Fusion Market include 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.

Regional Analysis of Sensor Fusion Market:

North America is dominating the Global Sensor Fusion Market with the largest market share in the region due to presence of automotive major players and growing technological advancement in the region and therefore is expected to have high market growth by 2022.  Sensor Fusion Market in Asia-Pacific region is expected to grow at high rate between the forecast period 2016 and 2022 due to high demand of sensor fusion from consumer electronics sector arising from emerging countries in this region including India, China, Singapore, and Malaysia among others.

Brows Full Report Details @ https://www.marketresearchfuture.com/reports/sensor-fusion-market-1696

Target Audience:

• Sensor manufacturers
• Research
• Investment firms
• Industrial
• Suppliers and distributors
• Government Agencies

Study Objective of Sensor Fusion Market:

• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Sensor Fusion
• To provide insights about factors affecting the market growth.
• To analyze the Sensor Fusion Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by types of sensor, by technology, by application and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Sensor Fusion  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com