Pune, India -- (SBWIRE) -- 11/06/2018 -- Globally the market for Sensor Fusion is expected to grow at the rate of around ~19% from 2016 to 2022. 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.

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

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Sensor Fusion Global Market Key Players

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.

Sensor Fusion Global Market - Overview

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.

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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.

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

Sensor Fusion Global Market - synopsis

Pervasive, ubiquitous computing is coming ever closer, and the implications for user driven preventative healthcare are immense. Modern smartphones and related devices now contain more sensors than ever before. Microelectromechanical Systems (MEMS) have made many leaps in recent OPEN ACCESS Sensors, and it is now common to find sensors including accelerometers, magnetometers and gyroscopes in a variety of smart devices. The addition of these sensors into everyday devices has paved the way towards enhanced contextual awareness and ubiquitous monitoring for healthcare applications. The pervasive nature of these devices becomes particularly apparent when reviewing the rate of global sales. Total smartphone sales alone are estimated to have surpassed 837 million units in 2013.

The consumer electronics and automotive applications captured the larger share of the market. However, home automation application is anticipated to grow at the highest CAGR during the forecast period, followed by the automotive application.

Sensor Fusion Market - Regional Analysis

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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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

List Of Figures

Figure 1 Research Process

Figure 2 Drivers Of Global Sensor Fusion Market

Figure 3 Global Sensor Fusion Market: By Type

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