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Sensor Fusion Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global sensor fusion market reached a value of US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.7 Billion by 2027 exhibiting a CAGR of 19.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. 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:

 

 
 

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  • MEMS
  • Non-MEMS
     

Breakup by Industry Vertical:

  • Automotive
  • Healthcare
  • Consumer Electronics
  • Military and Defense
  • Others
     

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Technology, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

List of Figures

Figure 1: Global: Sensor Fusion Market: Major Drivers and Challenges
Figure 2: Global: Sensor Fusion Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Sensor Fusion Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Sensor Fusion Market: Breakup by Type (in %), 2021
Figure 5: Global: Sensor Fusion Market: Breakup by Technology (in %), 2021
Figure 6: Global: Sensor Fusion Market: Breakup by Industry Vertical (in %), 2021
Figure 7: Global: Sensor Fusion Market: Breakup by Region (in %), 2021
Figure 8: Global: Sensor Fusion (Radar Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Sensor Fusion (Radar Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Sensor Fusion (Image Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Sensor Fusion (Image Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Sensor Fusion (IMU) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Sensor Fusion (IMU) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Sensor Fusion (Temperature Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Sensor Fusion (Temperature Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Sensor Fusion (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Sensor Fusion (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Sensor Fusion (MEMS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Sensor Fusion (MEMS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Sensor Fusion (Non-MEMS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Sensor Fusion (Non-MEMS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Sensor Fusion (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Sensor Fusion (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Sensor Fusion (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Sensor Fusion (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Sensor Fusion (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Sensor Fusion (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Sensor Fusion (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Sensor Fusion (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Sensor Fusion (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Sensor Fusion (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Sensor Fusion Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Sensor Fusion Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Sensor Fusion Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Sensor Fusion Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Sensor Fusion Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Sensor Fusion Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Sensor Fusion Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 5: Global: Sensor Fusion Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Sensor Fusion Market: Competitive Structure
Table 7: Global: Sensor Fusion Market: Key Players

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