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.
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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]:
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
Asia Pacific
Rest of the World
This 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 click on this link https://www.lucintel.com/chitosan-market.aspx or helpdesk@lucintel.com.
About Lucintel
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