Table of Content

1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 21
1.2.1 INCLUSIONS AND EXCLUSIONS 22
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 23
FIGURE 1 SENSOR FUSION MARKET SEGMENT 23
1.3.2 YEARS CONSIDERED 23
1.3.3 GEOGRAPHIC SCOPE 24
1.4 CURRENCY CONSIDERED 24
1.5 LIMITATIONS 24
1.6 STAKEHOLDERS 24
1.7 SUMMARY OF CHANGES 25
1.7.1 IMPACT OF RECESSION 25
2 RESEARCH METHODOLOGY 26
2.1 INTRODUCTION 26
FIGURE 2 SENSOR FUSION MARKET: RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Major secondary sources 27
2.1.1.2 Key data from secondary sources 28
2.1.2 PRIMARY DATA 28
2.1.2.1 Key data from primary sources 29
2.1.2.2 Breakdown of primaries 29
2.1.3 SECONDARY AND PRIMARY RESEARCH 30
2.1.3.1 Key industry insights 31
2.2 MARKET SIZE ESTIMATION 31
2.2.1 BOTTOM-UP APPROACH 32
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 32
2.2.2.1 Approach to arrive at market size using supply-side analysis 33
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 5 DATA TRIANGULATION 34
2.4 RESEARCH ASSUMPTIONS 35
2.5 RESEARCH LIMITATIONS 35
2.6 RISK ASSESSMENT 36
2.6.1 RECESSION IMPACT 36
3 EXECUTIVE SUMMARY 37
3.1 RECESSION ANALYSIS 37
FIGURE 6 GDP GROWTH PROJECTION FOR MAJOR ECONOMIES TILL 2023 38
FIGURE 7 NON-MEMS SEGMENT TO RECORD HIGHER CAGR IN SENSOR FUSION MARKET FROM 2023 TO 2028 38
FIGURE 8 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR BETWEEN 2023 AND 2028 39
FIGURE 9 AUTOMOTIVE APPLICATION TO HOLD LARGEST MARKET SHARE IN 2028 39
FIGURE 10 SENSOR FUSION MARKET, BY REGION, 2022 40
4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SENSOR FUSION MARKET 41
FIGURE 11 INCREASING DEMAND FROM AUTOMOTIVE AND CONSUMER ELECTRONICS APPLICATIONS TO FUEL MARKET 41
4.2 SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE 41
FIGURE 12 MARKET FOR IMU + GPS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 41
4.3 SENSOR FUSION MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 42
FIGURE 13 CONSUMER ELECTRONICS APPLICATIONS AND CHINA HELD LARGEST SHARE OF ASIA PACIFIC MARKET IN 2022 42
4.4 SENSOR FUSION MARKET, BY COUNTRY 43
FIGURE 14 INDIA TO DOMINATE SENSOR FUSION MARKET GLOBALLY THROUGHOUT FORECAST PERIOD 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 44
FIGURE 15 SENSOR FUSION MARKET: DYNAMICS 44
5.2.1 DRIVERS 45
FIGURE 16 SENSOR FUSION MARKET DRIVERS: IMPACT ANALYSIS 45
5.2.1.1 Increasing use of integrated sensors in smartphones 45
5.2.1.2 Growing trend of miniaturization in electronics 46
5.2.1.3 Rising demand for home automation solutions 46
5.2.2 RESTRAINTS 47
FIGURE 17 SENSOR FUSION MARKET RESTRAINTS: IMPACT ANALYSIS 47
5.2.2.1 Lack of standardization in MEMS and sensor fusion products 48
5.2.2.2 Calibration-related issues across multiple sensors 48
5.2.3 OPPORTUNITIES 49
FIGURE 18 SENSOR FUSION MARKET OPPORTUNITIES: IMPACT ANALYSIS 49
5.2.3.1 Growing deployment of advanced driver-assistance systems (ADAS), coupled with rising demand for autonomous vehicles 49
5.2.3.2 Increasing use of wearable devices 50
5.2.4 CHALLENGES 50
FIGURE 19 SENSOR FUSION MARKET CHALLENGES: IMPACT ANALYSIS 50
5.2.4.1 Security and safety concerns 50
5.3 VALUE CHAIN ANALYSIS 51
FIGURE 20 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY COMPONENT MANUFACTURERS AND ASSEMBLERS 51
5.4 ECOSYSTEM ANALYSIS 52
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 53
FIGURE 21 REVENUE SHIFTS IN SENSOR FUSION MARKET 53
5.6 PRICING ANALYSIS 53
5.6.1 AVERAGE SELLING PRICE (ASP) OF SENSOR FUSION COMPONENTS, BY APPLICATION 53
TABLE 1 AVERAGE SELLING PRICE OF VARIOUS SENSOR FUSION COMPONENTS, BY APPLICATION 53
FIGURE 22 AVERAGE SELLING PRICE OF INERTIAL MEASUREMENT UNITS OFFERED BY KEY PLAYERS 54
TABLE 2 AVERAGE SELLING PRICE OF INERTIAL MEASUREMENT UNITS OFFERED BY KEY PLAYERS 54
5.7 TECHNOLOGY ANALYSIS 54
5.7.1 KEY TRENDS IN SENSOR FUSION MARKET 55
5.7.1.1 Sensor fusion to transform future of automated driving 55
5.7.1.2 Sensor fusion to advance next-generation wearable devices 55
5.8 CASE STUDY ANALYSIS 55
5.8.1 RENESAS’ CASE STUDY FOR AUTONOMOUS DRIVING AND ADAS 55
5.8.2 WIREFLOW HELPED CLIENT DEVELOP MULTI-SENSORY DEVICE WITH SENSOR FUSION CAPABILITY FOR MARITIME APPLICATIONS 56
5.9 PATENT ANALYSIS 56
FIGURE 23 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 56
TABLE 3 TOP 20 PATENT OWNERS IN LAST 10 YEARS 57
FIGURE 24 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2022 58
5.9.1 LIST OF MAJOR PATENTS 58
TABLE 4 LIST OF MAJOR PATENTS IN SENSOR FUSION MARKET 58
5.10 TRADE ANALYSIS 62
FIGURE 25 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 902690, BY COUNTRY, 2019–2022 (USD THOUSAND) 62
FIGURE 26 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 902690, BY COUNTRY, 2019–2022 (USD THOUSAND) 63
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 64
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 64
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 64
5.11.2 BUYING CRITERIA 65
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 65
TABLE 6 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 65
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5.12 PORTER’S FIVE FORCES ANALYSIS 66
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS, 2022 66
TABLE 7 SENSOR FUSION MARKET: PORTER’S FIVE FORCES ANALYSIS 66
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 67
5.12.2 THREAT OF SUBSTITUTES 67
5.12.3 BARGAINING POWER OF BUYERS 67
5.12.4 BARGAINING POWER OF SUPPLIERS 67
5.12.5 THREAT OF NEW ENTRANTS 68
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 68
TABLE 8 SENSOR FUSION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 68
5.14 REGULATORY LANDSCAPE 70
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO SENSOR FUSION 70
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
5.14.2 STANDARDS AND REGULATIONS RELATED TO SENSOR FUSION 72
TABLE 13 NORTH AMERICA: SAFETY STANDARDS FOR SENSOR FUSION MARKET 73
TABLE 14 EUROPE: SAFETY STANDARDS FOR SENSOR FUSION MARKET 73
TABLE 15 ASIA PACIFIC: SAFETY STANDARDS FOR SENSOR FUSION MARKET 73
6 SENSOR FUSION ALGORITHMS 74
6.1 INTRODUCTION 74
FIGURE 30 ALGORITHMS USED IN SENSOR FUSION TECHNIQUES 74
6.2 KALMAN FILTER 74
6.3 BAYESIAN FILTER 74
6.4 CENTRAL LIMIT THEOREM 75
6.5 CONVOLUTIONAL NEURAL NETWORKS 75
7 SENSOR FUSION MARKET, BY TECHNOLOGY 76
7.1 INTRODUCTION 77
FIGURE 31 SENSOR FUSION MARKET, BY TECHNOLOGY 77
FIGURE 32 NON-MEMS TECHNOLOGY TO REGISTER HIGHER CAGR IN SENSOR FUSION MARKET DURING FORECAST PERIOD 77
TABLE 16 SENSOR FUSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 77
TABLE 17 SENSOR FUSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 78
7.2 MEMS 78
7.2.1 RISING USE OF MEMS TECHNOLOGY-BASED SENSORS IN MOTION-SENSING DEVICES TO PROPEL MARKET 78
TABLE 18 MEMS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 78
TABLE 19 MEMS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 79
FIGURE 33 MEMS TECHNOLOGY-ENABLED 9-AXIS INERTIAL COMBO SENSORS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 79
TABLE 20 MEMS: SENSOR FUSION MARKET, BY INERTIAL COMBO PRODUCT, 2019–2022 (USD MILLION) 79
TABLE 21 MEMS: SENSOR FUSION MARKET, BY INERTIAL COMBO PRODUCT, 2023–2028 (USD MILLION) 80
TABLE 22 MEMS: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 80
TABLE 23 MEMS: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 80
7.3 NON-MEMS 81
7.3.1 TELECOMMUNICATIONS, ENERGY, HEALTHCARE, AND TRANSPORTATION SECTORS TO CONTRIBUTE TO MARKET GROWTH 81
TABLE 24 NON-MEMS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 81
TABLE 25 NON-MEMS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 81
TABLE 26 NON-MEMS: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 82
TABLE 27 NON-MEMS: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 82
8 SENSOR FUSION MARKET, BY OFFERING 83
8.1 INTRODUCTION 84
FIGURE 34 SENSOR FUSION MARKET, BY OFFERING 84
FIGURE 35 HARDWARE SEGMENT TO HOLD MAJORITY OF SENSOR FUSION MARKET SHARE IN 2023 84
TABLE 28 SENSOR FUSION MARKET, BY OFFERING, 2019–2022 (USD MILLION) 85
TABLE 29 SENSOR FUSION MARKET, BY OFFERING, 2023–2028 (USD MILLION) 85
TABLE 30 OFFERING: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 85
TABLE 31 OFFERING: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 86
8.2 HARDWARE 86
8.2.1 HIGH ADOPTION OF INERTIAL COMBO SENSORS IN VARIOUS APPLICATIONS TO SUPPORT SEGMENTAL GROWTH 86
FIGURE 36 SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE 86
FIGURE 37 INERTIAL COMBO SENSORS TO ACCOUNT FOR LARGEST SHARE OF SENSOR FUSION MARKET IN 2023 87
TABLE 32 HARDWARE: SENSOR FUSION MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 87
TABLE 33 HARDWARE: SENSOR FUSION MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 87
TABLE 34 HARDWARE: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 88
TABLE 35 HARDWARE: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 88
TABLE 36 HARDWARE: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 37 HARDWARE: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 89
8.2.2 INERTIAL COMBO SENSORS 89
8.2.2.1 High adoption of IMUs in automobiles, aircraft, gaming consoles, navigation systems, and robotics to fuel market 89
TABLE 38 INERTIAL COMBO SENSORS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 90
TABLE 39 INERTIAL COMBO SENSORS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 90
FIGURE 38 WEARABLES SEGMENT TO RECORD HIGHEST CAGR IN MARKET FOR INERTIAL COMBO SENSORS THROUGHOUT FORECAST PERIOD 90
TABLE 40 INERTIAL COMBO SENSORS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2019–2022 (USD MILLION) 91
TABLE 41 INERTIAL COMBO SENSORS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2023–2028 (USD MILLION) 91
8.2.2.2 Accelerometers + gyroscopes 91
8.2.2.2.1 Increasing adoption of sensor fusion from aircraft, automobiles, and gaming consoles to boost segmental growth 91
8.2.2.3 Accelerometers + magnetometers 92
8.2.2.3.1 Increasing use of combination sensors in Smart TV and home automation applications to drive market 92
8.2.2.4 9-axis (3-axis gyroscope, 3-axis accelerometer, & 3-axis magnetometer) 92
8.2.2.4.1 Presence of major market players offering 9-axis sensor fusion software and solutions to contribute to market growth 92
8.2.2.5 12-axis (3-axis gyroscope, 3-axis accelerometer, 3-axis magnetometer, light sensor, temperature sensor, and pressure sensor) 93
8.2.2.5.1 Increasing demand for smart portable devices, such as smartphones and tablets, to accelerate segmental growth 93
8.2.3 RADAR + IMAGE SENSORS + LIDAR 93
8.2.3.1 Rising demand for advanced driver-assistance systems, collision detection systems, and automatic cruising systems to boost segmental growth 93
TABLE 42 RADAR + IMAGE SENSORS + LIDAR: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 93
TABLE 43 RADAR + IMAGE SENSORS + LIDAR: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 94
8.2.4 ENVIRONMENTAL SENSORS (TEMPERATURE + PRESSURE + HUMIDITY/LIGHT/GAS SENSORS) 94
8.2.4.1 Growing penetration of intelligent weather forecasting systems to drive segmental growth 94
TABLE 44 ENVIRONMENTAL SENSORS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 94
TABLE 45 ENVIRONMENTAL SENSORS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 95
TABLE 46 ENVIRONMENTAL SENSORS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2019–2022 (USD MILLION) 95
TABLE 47 ENVIRONMENTAL SENSORS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2023–2028 (USD MILLION) 95
8.2.5 IMU + GPS 96
8.2.5.1 Increasing use of navigation systems in automotive, consumer electronics, and military applications to drive segmental growth 96
TABLE 48 IMU + GPS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 96
TABLE 49 IMU + GPS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 96
TABLE 50 IMU + GPS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2019–2022 (USD MILLION) 97
TABLE 51 IMU + GPS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2023–2028 (USD MILLION) 97
8.2.6 OTHERS 97
TABLE 52 OTHERS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 97
TABLE 53 OTHERS: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 98
TABLE 54 OTHERS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2019–2022 (USD MILLION) 98
TABLE 55 OTHERS: SENSOR FUSION MARKET, BY CONSUMER ELECTRONICS APPLICATION, 2023–2028 (USD MILLION) 98
8.3 SOFTWARE 99
8.3.1 INTEGRATION OF SENSOR FUSION PRODUCTS IN ROBOTICS, AUTONOMOUS VEHICLES, AND VIRTUAL REALITY APPLICATIONS TO BOOST DEMAND FOR SOFTWARE 99
FIGURE 39 SOFTWARE SENSOR FUSION MARKET, BY TYPE 99
FIGURE 40 NON-AI-BASED SOFTWARE TO HOLD LARGER SHARE OF SENSOR FUSION MARKET IN 2023 99
TABLE 56 SOFTWARE: SENSOR FUSION MARKET, BY TYPE, 2019–2022 (USD MILLION) 100
TABLE 57 SOFTWARE: SENSOR FUSION MARKET, BY TYPE, 2023–2028 (USD MILLION) 100
TABLE 58 SOFTWARE: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 100
TABLE 59 SOFTWARE: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 101
TABLE 60 SOFTWARE: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 61 SOFTWARE: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 101
8.3.2 AI-BASED 102
8.3.2.1 Increasing penetration of deep learning and machine learning technologies to drive market 102
TABLE 62 AI-BASED: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 63 AI-BASED: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 102
8.3.3 NON-AI-BASED 102
8.3.3.1 High adoption of non-AI-based sensor fusion products in Asia Pacific to fuel segmental growth 102
TABLE 64 NON-AI-BASED: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 65 NON-AI-BASED: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 103
9 SENSOR FUSION MARKET, BY END-USE APPLICATION 104
9.1 INTRODUCTION 105
FIGURE 41 SENSOR FUSION MARKET, BY END-USE APPLICATION 105
FIGURE 42 CONSUMER ELECTRONICS TO CAPTURE LARGEST SHARE OF SENSOR FUSION MARKET IN 2023 105
TABLE 66 SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 106
TABLE 67 SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 106
TABLE 68 SENSOR FUSION MARKET FOR HARDWARE, BY CONSUMER ELECTRONICS APPLICATION, 2019–2022 (USD MILLION) 107
TABLE 69 SENSOR FUSION MARKET FOR HARDWARE, BY CONSUMER ELECTRONICS APPLICATION, 2023–2028 (USD MILLION) 107
9.2 CONSUMER ELECTRONICS 107
TABLE 70 CONSUMER ELECTRONICS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 108
TABLE 71 CONSUMER ELECTRONICS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 108
TABLE 72 CONSUMER ELECTRONICS: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 108
TABLE 73 CONSUMER ELECTRONICS: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 109
9.2.1 SMARTPHONES 109
9.2.1.1 Increasing users of smartphones to propel market 109
TABLE 74 SMARTPHONES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 109
TABLE 75 SMARTPHONES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 110
9.2.2 TABLETS AND NOTEBOOKS 110
9.2.2.1 Growing focus on manufacturing power-saving tablets to drive market 110
TABLE 76 TABLETS AND NOTEBOOKS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 110
TABLE 77 TABLETS AND NOTEBOOKS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 111
9.2.3 VIDEO GAME CONSOLES 111
9.2.3.1 Booming gaming industry to create opportunities for market players 111
TABLE 78 VIDEO GAME CONSOLES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 111
TABLE 79 VIDEO GAME CONSOLES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 111
9.2.4 WEARABLES 112
9.2.4.1 Rising demand for fitness and sports applications that monitor health to fuel market 112
TABLE 80 WEARABLES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 112
TABLE 81 WEARABLES: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 112
9.2.5 SMART TVS 113
9.2.5.1 Constant developments in smart TVs to drive demand for sensor fusion 113
TABLE 82 SMART TVS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 113
TABLE 83 SMART TVS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 113
9.3 AUTOMOTIVE 114
9.3.1 RISING USE OF SENSORS IN AUTOMOBILES TO OFFER ENHANCED SAFETY TO FUEL MARKET 114
FIGURE 43 RADAR + IMAGE SENSORS + LIDAR SEGMENT TO DOMINATE SENSOR FUSION MARKET FOR AUTOMOTIVE APPLICATIONS 114
TABLE 84 AUTOMOTIVE: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 115
TABLE 85 AUTOMOTIVE: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 115
TABLE 86 AUTOMOTIVE: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 87 AUTOMOTIVE: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9.3.2 ADVANCED DRIVER-ASSISTANCE SYSTEM 116
9.3.2.1 Growing need for intelligent and automated driving systems to boost demand for sensor fusion 116
9.3.3 ELECTRONIC STABILITY CONTROL SYSTEM 116
9.3.3.1 Increasing concerns for safety measures in automated vehicles to drive market 116
9.3.4 COLLISION AVOIDANCE SYSTEM 117
9.3.4.1 Growing penetration of hybrid and autonomous vehicles to fuel market 117
9.3.5 PARKING ASSIST SYSTEM 117
9.3.5.1 Rising adoption of sensor fusion technology while manufacturing automotive vehicles to drive market 117
9.4 HOME AUTOMATION 117
9.4.1 GROWING USE OF HOME AUTOMATION PRODUCTS TO SPUR DEMAND FOR SENSOR FUSION 117
TABLE 88 HOME AUTOMATION: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 118
TABLE 89 HOME AUTOMATION: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 118
TABLE 90 HOME AUTOMATION: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 118
TABLE 91 HOME AUTOMATION: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 118
9.4.2 REMOTE CONTROL SYSTEM 119
9.4.2.1 Inclination of consumers toward home automation to boost market 119
9.4.3 ENVIRONMENT CONTROL SYSTEM 119
9.4.3.1 Increasing demand for HVAC systems to support market growth 119
9.4.4 OTHERS 119
9.5 MEDICAL 120
9.5.1 EMERGING NEED FOR INTELLIGENT SENSOR TECHNOLOGIES AND MONITORING DEVICES TO DRIVE MARKET 120
TABLE 92 MEDICAL: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 120
TABLE 93 MEDICAL: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 120
TABLE 94 MEDICAL: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 95 MEDICAL: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 121
9.5.2 WEARABLE HEALTH DEVICES 121
9.5.2.1 Rapid advancements in healthcare services and wireless communication technologies to boost market 121
9.5.3 NON-WEARABLE HEALTH DEVICES 122
9.5.3.1 Increasing demand for telemedicine solutions for elderly care to foster market 122
9.6 MILITARY 122
9.6.1 INCREASING USE OF MACHINE LEARNING TO MEET MISSION-CRITICAL OBJECTIVES TO DRIVE MARKET 122
TABLE 96 MILITARY: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 122
TABLE 97 MILITARY: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 123
TABLE 98 MILITARY: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 99 MILITARY: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 123
9.6.2 ADAPTABLE NAVIGATION SYSTEM (ANS) 124
9.6.2.1 Growing need to restructure navigation applications by combining advanced and traditional sensor data to propel market 124
9.6.3 UNMANNED AERIAL VEHICLE (UAV) 124
9.6.3.1 Increasing deployment of UAVs in military applications to spur demand for sensor fusion 124
9.7 INDUSTRIAL 124
9.7.1 GROWING PENETRATION OF INDUSTRIAL ROBOTS TO DRIVE MARKET 124
TABLE 100 INDUSTRIAL: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 125
TABLE 101 INDUSTRIAL: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 125
TABLE 102 INDUSTRIAL: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 125
TABLE 103 INDUSTRIAL: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 126
9.8 OTHER APPLICATIONS 126
TABLE 104 OTHER APPLICATIONS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 126
TABLE 105 OTHER APPLICATIONS: SENSOR FUSION MARKET FOR HARDWARE, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 127
TABLE 106 OTHER APPLICATIONS: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 127
TABLE 107 OTHER APPLICATIONS: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 127
10 GEOGRAPHIC ANALYSIS 128
10.1 INTRODUCTION 129
FIGURE 44 SENSOR FUSION MARKET, BY REGION 129
FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SENSOR FUSION MARKET DURING FORECAST PERIOD 130
TABLE 108 SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 109 SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10.2 NORTH AMERICA 131
FIGURE 46 NORTH AMERICA: SENSOR FUSION MARKET SNAPSHOT 132
TABLE 110 NORTH AMERICA: SENSOR FUSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 132
TABLE 111 NORTH AMERICA: SENSOR FUSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 112 NORTH AMERICA: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION) 133
TABLE 113 NORTH AMERICA: SENSOR FUSION MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION) 133
TABLE 114 NORTH AMERICA: SENSOR FUSION MARKET, BY OFFERING, 2019–2022 (USD MILLION) 134
TABLE 115 NORTH AMERICA: SENSOR FUSION MARKET, BY OFFERING, 2023–2028 (USD MILLION) 134
TABLE 116 NORTH AMERICA: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2019–2022 (USD MILLION) 134
TABLE 117 NORTH AMERICA: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2023–2028 (USD MILLION) 134
TABLE 118 NORTH AMERICA: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2019–2022 (USD MILLION) 135
TABLE 119 NORTH AMERICA: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2023–2028 (USD MILLION) 135
10.2.1 US 135
10.2.1.1 Automotive and consumer electronics to contribute significantly to market growth 135
10.2.2 CANADA 136
10.2.2.1 Growing use of sensor fusion technology in automotive applications to boost growth 136
10.2.3 MEXICO 136
10.2.3.1 Presence of manufacturing plants of giant automobile companies to support market growth 136
10.3 EUROPE 136
FIGURE 47 EUROPE: SENSOR FUSION MARKET SNAPSHOT 137
TABLE 120 EUROPE: SENSOR FUSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 137
TABLE 121 EUROPE: SENSOR FUSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 137
TABLE 122 EUROPE: SENSOR FUSION MARKET, END-USE APPLICATION, 2019–2022 (USD MILLION) 138
TABLE 123 EUROPE: SENSOR FUSION MARKET, END-USE APPLICATION, 2023–2028 (USD MILLION) 138
TABLE 124 EUROPE: SENSOR FUSION MARKET, BY OFFERING, 2019–2022 (USD MILLION) 139
TABLE 125 EUROPE: SENSOR FUSION MARKET, BY OFFERING, 2023–2028 (USD MILLION) 139
TABLE 126 EUROPE: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2019–2022 (USD MILLION) 139
TABLE 127 EUROPE: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2023–2028 (USD MILLION) 139
TABLE 128 EUROPE: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2019–2022 (USD MILLION) 140
TABLE 129 EUROPE: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2023–2028 (USD MILLION) 140
10.3.1 UK 140
10.3.1.1 Significant presence of aerospace companies to support market growth 140
10.3.2 GERMANY 141
10.3.2.1 Rising use of technology in industrial automation and robotics to boost market 141
10.3.3 FRANCE 141
10.3.3.1 Presence of strong automobile companies to fuel market 141
10.3.4 REST OF EUROPE 142
10.4 ASIA PACIFIC 142
FIGURE 48 ASIA PACIFIC: SENSOR FUSION MARKET SNAPSHOT 143
TABLE 130 ASIA PACIFIC: SENSOR FUSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 143
TABLE 131 ASIA PACIFIC: SENSOR FUSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144
TABLE 132 ASIA PACIFIC: SENSOR FUSION MARKET, END-USE APPLICATION, 2019–2022 (USD MILLION) 144
TABLE 133 ASIA PACIFIC: SENSOR FUSION MARKET, END-USE APPLICATION, 2023–2028 (USD MILLION) 144
TABLE 134 ASIA PACIFIC: SENSOR FUSION MARKET, BY OFFERING, 2019–2022 (USD MILLION) 145
TABLE 135 ASIA PACIFIC: SENSOR FUSION MARKET, BY OFFERING, 2023–2028 (USD MILLION) 145
TABLE 136 ASIA PACIFIC: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2019–2022 (USD MILLION) 145
TABLE 137 ASIA PACIFIC: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2023–2028 (USD MILLION) 145
TABLE 138 ASIA PACIFIC: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2019–2022 (USD MILLION) 146
TABLE 139 ASIA PACIFIC: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2023–2028 (USD MILLION) 146
10.4.1 CHINA 146
10.4.1.1 Increasing use of sensor fusion in consumer electronics to drive market 146
10.4.2 JAPAN 147
10.4.2.1 Increasing adoption of multi-sensor fusion technology in intelligent industrial robots to propel market 147
10.4.3 INDIA 147
10.4.3.1 Increased demand for embedded monitoring devices in healthcare sector to provide growth opportunities 147
10.4.4 SOUTH KOREA 148
10.4.4.1 Growing demand from consumer electronics and automotive applications to support market growth 148
10.4.5 REST OF ASIA PACIFIC 148
10.5 REST OF THE WORLD (ROW) 148
FIGURE 49 ROW: SENSOR FUSION MARKET SNAPSHOT 149
TABLE 140 ROW: SENSOR FUSION MARKET, BY REGION, 2019–2022 (USD MILLION) 149
TABLE 141 ROW: SENSOR FUSION MARKET, BY REGION, 2023–2028 (USD MILLION) 150
TABLE 142 ROW: SENSOR FUSION MARKET, END-USE APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 143 ROW: SENSOR FUSION MARKET, END-USE APPLICATION, 2023–2028 (USD MILLION) 150
TABLE 144 ROW: SENSOR FUSION MARKET, BY OFFERING, 2019–2022 (USD MILLION) 151
TABLE 145 ROW: SENSOR FUSION MARKET, BY OFFERING, 2023–2028 (USD MILLION) 151
TABLE 146 ROW: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2019–2022 (USD MILLION) 151
TABLE 147 ROW: SENSOR FUSION MARKET FOR HARDWARE, BY TECHNOLOGY, 2023–2028 (USD MILLION) 151
TABLE 148 ROW: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2019–2022 (USD MILLION) 152
TABLE 149 ROW: SENSOR FUSION MARKET FOR SOFTWARE, BY TYPE, 2023–2028 (USD MILLION) 152
10.5.1 MIDDLE EAST & AFRICA 152
10.5.1.1 Rising adoption of self-driving vehicles to contribute to market growth 152
10.5.2 SOUTH AMERICA 153
10.5.2.1 Growing demand for multi-cameras and high-megapixel cameras to boost market 153
11 COMPETITIVE LANDSCAPE 154
11.1 OVERVIEW 154
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 154
TABLE 150 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SENSOR FUSI