Pune, India -- (SBWIRE) -- 11/29/2017 -- Global 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

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.

Target Audience:
-Sensor manufacturers
-Research
-Investment firms
-Industrial
-Suppliers and distributors
-Government Agencies

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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.

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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Key Players for Sensor Fusion Market:

Some of the major players in Global 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.