Sensor Fusion Market Report: Trends, Forecast and Competitive Analysis


Posted November 15, 2019 by nik11421verma

Trends, opportunities and forecast in sensor fusion market to 2024 by sensor type (IMU+GPS, inertial combo sensor, radar+image sensor, temperature sensors+ pressure sensors+ humidity/ light sensors/ gas sensor,

 
According to a market report by Lucintel, the future of the sensor fusion market looks promising with opportunities in the consumer electronics, automotive, home automation, medical, industrial, and military industries. The sensor fusion market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing demand for integrated sensors in smartphones, growing trend of miniaturization in electronics, and increasing demand for advanced driver assistance systems (ADAS) in the automotive industry.
In this market, inertial combo sensors, radar + image sensors, IMU+GPS, and temperature sensors+ pressure sensors+ humidity/ light sensors/ gas sensors are the major sensor type. Within the sensor fusion market, consumer electronics, automotive, home automation, medical, military, and industrial are the major end use industries. Home automation is the largest end use segment for sensor fusion
MEMS and Non-MEMS are the major technologies of the sensor fusion market. APAC will remain the largest region over the forecast period due to increasing demand for smartphones, tablets, and wearable devices in the region.

STMicroelectronics, Invensense, NXP Semiconductors, Bosch Sensortec, Kionix, Analog Devices, Renesas Electronics, Baselabs, Hillcrest Labs, and Memsic are among the major manufacturers of sensor fusion.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the sensor fusion market by end use industry, technology, sensor type and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities in the Sensor Fusion Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the sensor fusion market by end use industry, technology, sensor type, and region as follows:

By Sensor Type [$M shipment analysis for 2013 – 2024]:
• IMU+GPS
• Inertial Combo Sensors
• Radar + Image Sensors
• Temperature Sensors+ Pressure Sensors+ Humidity/ Light Sensors/ Gas Sensors
• Others
By Technology [$M shipment analysis for 2013 – 2024]:
• MEMS
• Non-MEMS
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Consumer Electronics
• Medical
• Industrial
• Home Automation
• Automotive
• Military
• Others

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy

• Asia Pacific
– China
– Japan
– India
• Rest of the World

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the fusion sensor market by sensor type (radar + image sensors, IMU+GPS, temperature sensors+ pressure sensors+ humidity/ light sensors/ gas sensors and others), by technology (MEMS, Non-MEMS), end use industry (consumer electronics, automotive, home automation, medical, military, industrial and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Issued By Nikhil verma
Phone +1-972-636-5056
Business Address Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
Country United States
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Last Updated November 15, 2019