Sensor Fusion Market Expected to Reach $19,837.9 Million By
2030
“The sensor fusion market size is expected to witness considerable growth, owing to the increase in
number of autonomous vehicles and consumer electronic devices. The sensor fusion market is
projected to witness significant growth during the forecast period.”
According to Sachin Wankhede,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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By type, the IMU segment generated the highest revenue in the sensor fusion market analysis
in 2020.
By technology, the MEMS segment held the largest market share revenue in the market in
2020.
By industrial vertical, the consumer electronics segment generated the highest revenue in
the global market in 2020.
Major key players profiled cover in Report:
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Analog Devices Inc.
NXP Semiconductor
Renesas Electronics Corporation
Bosch Sensortec GmbH
InvenSense Inc.
Infineon Technologies
STMicroelectronics
Market dynamics
Drivers
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Increasing Demand For Integrated Sensors In Smartphones
Growing Demand of ADAS System
Miniaturization of electronic components
Restraints
• Lack of standardization in sensor fusion systems
Opportunities
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Growing IoT and interconnected devices
⦁ Report Overview:
https://www.alliedmarketresearch.com/sensor-fusion-market-A13058
Analyst Review:
The sensor fusion market is witnessing significant growth, owing to increase in sales of consumer
electronic devices, automobiles, and medical devices. Sensor fusion increases the level of certainty
by reducing the noise level by looking at various data sources simultaneously. It fetches data from
multiple cameras, ultrasonic sensors, radar sensors, and different types of sensors. The sensor fusion
algorithm analyzes the environment and produces a robust representation of objects. The market is
consolidated with the presence of several market players, emerging players, startups, and others.
Rise in demand for autonomous vehicles, miniaturization of the electronics components, and surge
in the growth of the consumer electronics market drive the growth of the sensor fusion market. In
addition, market growth is driven by the increase in demand of the integrated sensors in the
smartphones, wearable devices, and medical devices supporting toward the growth of the sensor
fusion market.
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