The global sensor fusion market was valued at USD 2.87 billion in 2018 and is expected to reach USD 9.16 billion in 2026, growing at a CAGR of 15.4% during the forecast period.
Sensor fusion is the technique of taking information from several different sensors to compute information in order to improve system and application performance. Sensor fusion is also called as multi-sensor or data fusion and it is subcategorized as the information fusion. Sensor fusion merges the visual excitations from corresponding retinal images into the single visual image. Sensor fusion has an inbuilt redundancy which enables the system to provide information even in case of partial failure, thereby maintaining the reliability and robustness.
Sensor Fusion Market Segmentation |
|
| By Product Type | 1. Inertial Combo Sensors |
| 2. Radar Image Sensors | |
| 3. Humidity Sensors | |
| 4. Temperature Sensors | |
| 5. Others | |
| By Technology | 1. MEMS |
| 2. Non-Mems | |
| By Application | 1. Consumer Electronics |
| 2. Automotive | |
| 3. Home Automation | |
| 4. Medical | |
| 5. Military | |
| 6. Industrial | |
| 7. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the sensor fusion market is primarily driven by an increase in demand for sensor fusion in automotive applications for safety features and consumer electronics and the growing trend of miniaturization in electronics. Moreover, rising demand from growing end-use industries, such as automotive, home automation, military, and consumer electronics in emerging countries also drives the growth of the global sensor fusion market. On the other hand, the lack of standardization of technology and increasing complexity of software is creating a major hindrance for its market growth. However, continuous development in autonomous or driverless vehicles and growing communication technologies using IoT and growing trend of wearable devices is expected to create major growth opportunities during the forecast period.
The radar image sensors segment expected to grow at the fastest rate of 19% CAGR during the forecast period
Based on product type, the global sensor fusion market has been segmented into inertial combo sensors, radar image sensors, humidity sensors, temperature sensors, and others. Due to its excellent properties like high accuracy and combines various images into one combo image they are most widely used in the end-use industries, globally. The radar image sensors are majorly used in automotive, consumer electronics, and military products including smartphone, wearable, gaming consoles among others. Due to these factors, radar image sensors are expected to grow at the fastest rate throughout the forecast period.
Based on Technology, the MEMS segment is expected to lead during the forecast period
Based on technology, the market has been segmented into MEMS and Non-MEMS. The MEMS segment accounted for the largest share of around 62% in the market in 2018. The Micro-electromechanical system (MEMS) is widely used in automotive safety applications, step counting, gesture recognition, screen rotation in mobile devices, and personal navigation. Moreover, the MEMS are widely used in for monitoring and controlling different utilities such as light, automated appliance, environment, and security purposes.
Based on application, the automotive segment is expected to lead during the forecast period
Based on application, the market has been segmented into consumer electronics, automotive, home automation, medical, military, industrial, and others. The automotive segment accounted for the largest share in the market in 2018. Growing demand for automotive safety features, growing development in electric and connected vehicles and stringent government regulations regarding vehicle safety and vehicle emission further boosts the demand for sensor fusion market. Moreover, the internal sensors are used in controlling and measuring the motion of the vehicle and external sensors are used in measuring the objects surrounding the vehicle and there are sensors communicating with other vehicles and with the infrastructure. Thus, these factors are expected to grow the demand for sensor fusion in automotive applications during the forecast period.
Asia-Pacific to dominate the sensor fusion market throughout the forecast period
Asia-Pacific accounted for nearly 40% share of the global sensor fusion market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and North America. Growing demand for vehicles and consumer electronics products in the Asia-Pacific region is one of the key factors driving the consumption of sensor fusion in this region. Moreover, the development in autonomous or driverless vehicles and the changing automobile landscape in key countries such as Japan, India, and China are also propelling the growth of sensor fusion in the Asia-Pacific region. Europe accounted for the highest CAGR in the global Sensor Fusion market during the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global sensor fusion market are Robert Bosch GmbH (Germany), Renesas Electronics Corporation (Japan), NXP Semiconductor N.V. (Netherlands), Qualcomm Incorporated (US), Kionix, Inc. (Japan), Cummins, Inc. (US), Senion (Sweden), STMicroelectronics (Switzerland), Analog Device, Inc. (US), and MEMSIC, Inc. (US) among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Sensor Fusion Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Sensor Fusion Market
1.3. Market Dynamics
1.4. Global Sensor Fusion Market, by Segment, 2018
1.4.1. Global Sensor Fusion Market, by Product Type, 2018, (USD Million)
1.4.2. Global Sensor Fusion Market, by Technology, 2018, (USD Million)
1.4.3. Global Sensor Fusion Market, by Application, 2018, (USD Million)
1.4.4. Global Sensor Fusion Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Sensor Fusion Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Sensor Fusion Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase in demand for safety features and consumer electronics in automotive applications
2.2.2. Increase in demand for miniaturization in Electronics
2.2.3. Driver 3
2.3. Market Restraints
2.3.1. Lack of standardization of technology
2.3.2. Increasing complexity of software
2.4. Market Opportunities
2.4.1. Continuous development in autonomous or driverless vehicles
2.4.2. Growing communication technologies using IoT
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Sensor Fusion Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Inertial Combo Sensors
3.2.1. Global Sensor Fusion Market, by Inertial Combo Sensors, 2016-2026, (USD Million)
3.3. Radar Image Sensors
3.3.1. Global Sensor Fusion Market, by Radar Image Sensors, 2016-2026, (USD Million)
3.4. Humidity Sensors
3.4.1. Global Sensor Fusion Market, by Humidity Sensors, 2016-2026, (USD Million)
3.5. Temperature Sensors
3.5.1. Global Sensor Fusion Market, by Temperature Sensors, 2016-2026, (USD Million)
3.6. Humidity Sensors
3.6.1. Global Sensor Fusion Market, by Humidity Sensors, 2016-2026, (USD Million)
3.7. Others
3.7.1. Global Sensor Fusion Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Sensor Fusion Market, by Technology
4.1. Market Overview, by Technology
4.1.1. Global Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Technology, 2018
4.2. MEMS
4.2.1. Global Sensor Fusion Market, by MEMS, 2016-2026, (USD Million)
4.3. Non-Mems
4.3.1. Global Sensor Fusion Market, by Non-Mems, 2016-2026, (USD Million)
Chapter 5 Global Sensor Fusion Market, by Application
5.1. Market Overview, by Application
5.1.1. Global Sensor Fusion Market, by Application, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by Application, 2018
5.2. Consumer Electronics
5.2.1. Global Sensor Fusion Market, by Consumer Electronics, 2016-2026, (USD Million)
5.3. Automotive
5.3.1. Global Sensor Fusion Market, by Automotive, 2016-2026, (USD Million)
5.4. Home Automation
5.4.1. Global Sensor Fusion Market, by Home Automation, 2016-2026, (USD Million)
5.5. Medical
5.5.1. Global Sensor Fusion Market, by Medical, 2016-2026, (USD Million)
5.6. Military
5.6.1. Global Sensor Fusion Market, by Military, 2016-2026, (USD Million)
5.7. Industrial
5.7.1. Global Sensor Fusion Market, by Industrial, 2016-2026, (USD Million)
5.8. Others
5.8.1. Global Sensor Fusion Market, by Others, 2016-2026, (USD Million)
Chapter 6 Global Sensor Fusion Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Sensor Fusion Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Sensor Fusion Market
6.3.1. North America Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
6.3.2. North America Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
6.3.3. North America Sensor Fusion Market, by Application, 2016-2026 (USD Million)
6.3.4. United States Sensor Fusion Market, 2016-2026 (USD Million)
6.3.5. Canada Sensor Fusion Market, 2016-2026 (USD Million)
6.4. Europe Sensor Fusion Market
6.4.1. Europe Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
6.4.2. Europe Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
6.4.3. Europe Sensor Fusion Market, by Application, 2016-2026 (USD Million)
6.4.4. United Kingdom Sensor Fusion Market, 2016-2026 (USD Million)
6.4.5. Germany Sensor Fusion Market, 2016-2026 (USD Million)
6.4.6. France Sensor Fusion Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe Sensor Fusion Market, 2016-2026 (USD Million)
6.5. Asia Pacific Sensor Fusion Market
6.5.1. Asia Pacific Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
6.5.2. Asia Pacific Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
6.5.3. Asia Pacific Sensor Fusion Market, by Application, 2016-2026 (USD Million)
6.5.4. China Sensor Fusion Market, 2016-2026 (USD Million)
6.5.5. Japan Sensor Fusion Market, 2016-2026 (USD Million)
6.5.6. India Sensor Fusion Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific Sensor Fusion Market, 2016-2026 (USD Million)
6.6. Latin America Sensor Fusion Market
6.6.1. Latin America Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
6.6.2. Latin America Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
6.6.3. Latin America Sensor Fusion Market, by Application, 2016-2026 (USD Million)
6.6.4. Brazil Sensor Fusion Market, 2016-2026 (USD Million)
6.6.5. Mexico Sensor Fusion Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America Sensor Fusion Market, 2016-2026 (USD Million)
6.7. Middle East & Africa Sensor Fusion Market
6.7.1. Middle East & Africa Sensor Fusion Market, by Product Type, 2016-2026 (USD Million)
6.7.2. Middle East & Africa Sensor Fusion Market, by Technology, 2016-2026 (USD Million)
6.7.3. Middle East & Africa Sensor Fusion Market, by Application, 2016-2026 (USD Million)
6.7.4. GCC Sensor Fusion Market, 2016-2026 (USD Million)
6.7.5. Rest of Middle East & Africa Sensor Fusion Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Product Type
7.3.2. By Technology
7.3.3. By Application
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Robert Bosch GmbH
8.1.1. Robert Bosch GmbH Overview
8.1.2. Robert Bosch GmbH Products Portfolio
8.1.3. Robert Bosch GmbH Financial Overview
8.1.4. Robert Bosch GmbH News/Recent Developments
8.2. Renesas Electronics Corporation
8.2.1. Renesas Electronics Corporation Overview
8.2.2. Renesas Electronics Corporation Products Portfolio
8.2.3. Renesas Electronics Corporation Financial Overview
8.2.4. Renesas Electronics Corporation News/Recent Developments
8.3. NXP Semiconductor N.V.
8.3.1. NXP Semiconductor N.V. Overview
8.3.2. NXP Semiconductor N.V. Products Portfolio
8.3.3. NXP Semiconductor N.V. Financial Overview
8.3.4. NXP Semiconductor N.V. News/Recent Developments
8.4. Qualcomm Incorporated
8.4.1. Qualcomm Incorporated Overview
8.4.2. Qualcomm Incorporated Products Portfolio
8.4.3. Qualcomm Incorporated Financial Overview
8.4.4. Qualcomm Incorporated News/Recent Developments
8.5. Kionix, Inc.
8.5.1. Kionix, Inc. Overview
8.5.2. Kionix, Inc. Products Portfolio
8.5.3. Kionix, Inc. Financial Overview
8.5.4. Kionix, Inc. News/Recent Developments
8.6. Cummins, Inc.
8.6.1. Cummins, Inc. Overview
8.6.2. Cummins, Inc. Products Portfolio
8.6.3. Cummins, Inc. Financial Overview
8.6.4. Cummins, Inc. News/Recent Developments
8.7. Senion
8.7.1. Senion Overview
8.7.2. Senion Products Portfolio
8.7.3. Senion Financial Overview
8.7.4. Senion News/Recent Developments
8.8. STMicroelectronics
8.8.1. STMicroelectronics Overview
8.8.2. STMicroelectronics Products Portfolio
8.8.3. STMicroelectronics Financial Overview
8.8.4. STMicroelectronics News/Recent Developments
8.9. Analog Device, Inc.
8.9.1. Analog Device, Inc. Overview
8.9.2. Analog Device, Inc. Products Portfolio
8.9.3. Analog Device, Inc. Financial Overview
8.9.4. Analog Device, Inc. News/Recent Developments
8.10. MEMSIC, Inc.
8.10.1. MEMSIC, Inc. Overview
8.10.2. MEMSIC, Inc. Products Portfolio
8.10.3. MEMSIC, Inc. Financial Overview
8.10.4. MEMSIC, Inc. News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Technology I – Secondary Research
9.2.2. Technology II – Primary Research
9.2.3. Technology III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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