The Asia Pacific Sensor Fusion Market would witness market growth of 17.9% CAGR during the forecast period (2021-2027).
The sensor fusion market is primarily driven by the rapidly developing consumer electronics, automotive, and healthcare industries. Electric vehicles manufacturers are using modern technology such as ADAS and other safety measures in their automobiles. Furthermore, the growing trend of miniaturization in electronics aids the growth of the sensor fusion market.
Each sensor type, or modality, has its own set of advantages and disadvantages. Radars are excellent at estimating distance and speed, especially in adverse weather, but they can't read street signs or see the colour of a stoplight. On the other hand, dirt, sun, rain, snow, or darkness can easily blind them. All of these sensor types are being integrated to form sensor fusion by applying software algorithms to create the most comprehensive and accurate environmental model possible. Through a process called internal and external sensor fusion, it may also correlate data from inside the cabin.
Furthermore, the region's significant investment in 5G, as well as its promotion of C-V2X, is broadening the breadth of automotive applications such as autonomous driving, V2X, and the MaaS market. For instance, Qualcomm is collaborating with more than 30 Chinese automakers, including joint ventures based in China, to show the economic viability of C-V2X technology for autonomous and connected vehicles.
The China market dominated the Asia Pacific Sensor Fusion Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,207.1 million by 2027. The Japan market is poised to grow a CAGR of 17.2% during (2021 - 2027). Additionally, The India market would witness a CAGR of 18.7% during (2021 - 2027).
Based on Technology, the market is segmented into MEMS and Non-MEMS. Based on Type, the market is segmented into IMU, Radar Sensors, Image Sensors, Temperature Sensors, and Others. Based on End User, the market is segmented into Consumer Electronics, Healthcare, Military & Defense, Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sensor Fusion Market is Projected to reach USD 10 Billion by 2027, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Renesas Electronics Corporation, TDK Corporation (InvenSense, Inc.), STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Asahi Kasei Corporation, Robert Bosch GmbH, CEVA, Inc., and MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.).
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Type
- IMU
- Radar Sensors
- Image Sensors
- Temperature Sensors
- Others
By End User
- Consumer Electronics
- Healthcare
- Military & Defense
- Automotive
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Analog Devices, Inc.
- Renesas Electronics Corporation
- TDK Corporation (InvenSense, Inc.)
- STMicroelectronics N.V.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Asahi Kasei Corporation
- Robert Bosch GmbH
- CEVA, Inc.
- MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Sensor Fusion Market, by Technology
1.4.2 Asia Pacific Sensor Fusion Market, by Type
1.4.3 Asia Pacific Sensor Fusion Market, by End User
1.4.4 Asia Pacific Sensor Fusion Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Dec – 2021, Dec) Leading Players
Chapter 4. Asia Pacific Sensor Fusion Market by Technology
4.1 Asia Pacific Sensor Fusion MEMS Market by Country
4.2 Asia Pacific Sensor Fusion Non MEMS Market by Country
Chapter 5. Asia Pacific Sensor Fusion Market by Type
5.1 Asia Pacific IMU Sensor Fusion Market by Country
5.2 Asia Pacific Radar Sensors Sensor Fusion Market by Country
5.3 Asia Pacific Image Sensors Sensor Fusion Market by Country
5.4 Asia Pacific Temperature Sensors Sensor Fusion Market by Country
5.5 Asia Pacific Other Type Sensor Fusion Market by Country
Chapter 6. Asia Pacific Sensor Fusion Market by End User
6.1 Asia Pacific Sensor Fusion Consumer Electronics Market by Country
6.2 Asia Pacific Sensor Fusion Healthcare Market by Country
6.3 Asia Pacific Sensor Fusion Military & Defense Market by Country
6.4 Asia Pacific Sensor Fusion Automotive Market by Country
6.5 Asia Pacific Sensor Fusion Others Market by Country
Chapter 7. Asia Pacific Sensor Fusion Market by Country
7.1 China Sensor Fusion Market
7.1.1 China Sensor Fusion Market by Technology
7.1.2 China Sensor Fusion Market by Type
7.1.3 China Sensor Fusion Market by End User
7.2 Japan Sensor Fusion Market
7.2.1 Japan Sensor Fusion Market by Technology
7.2.2 Japan Sensor Fusion Market by Type
7.2.3 Japan Sensor Fusion Market by End User
7.3 India Sensor Fusion Market
7.3.1 India Sensor Fusion Market by Technology
7.3.2 India Sensor Fusion Market by Type
7.3.3 India Sensor Fusion Market by End User
7.4 South Korea Sensor Fusion Market
7.4.1 South Korea Sensor Fusion Market by Technology
7.4.2 South Korea Sensor Fusion Market by Type
7.4.3 South Korea Sensor Fusion Market by End User
7.5 Singapore Sensor Fusion Market
7.5.1 Singapore Sensor Fusion Market by Technology
7.5.2 Singapore Sensor Fusion Market by Type
7.5.3 Singapore Sensor Fusion Market by End User
7.6 Malaysia Sensor Fusion Market
7.6.1 Malaysia Sensor Fusion Market by Technology
7.6.2 Malaysia Sensor Fusion Market by Type
7.6.3 Malaysia Sensor Fusion Market by End User
7.7 Rest of Asia Pacific Sensor Fusion Market
7.7.1 Rest of Asia Pacific Sensor Fusion Market by Technology
7.7.2 Rest of Asia Pacific Sensor Fusion Market by Type
7.7.3 Rest of Asia Pacific Sensor Fusion Market by End User
Chapter 8. Company Profiles
8.1 Analog Devices, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Renesas Electronics Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.3 TDK Corporation (InvenSense, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.4 STMicroelectronics N.V.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Infineon Technologies AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 NXP Semiconductors N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Asahi Kasei Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Robert Bosch GmbH
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 CEVA, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.10. MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.)
8.10.1 Company Overview
TABLE 1 Asia Pacific Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Sensor Fusion Market
TABLE 4 Product Launches And Product Expansions– Sensor Fusion Market
TABLE 5 Acquisition and Mergers– Sensor Fusion Market
TABLE 6 Asia Pacific Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 7 Asia Pacific Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 8 Asia Pacific Sensor Fusion MEMS Market by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific Sensor Fusion MEMS Market by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Sensor Fusion Non MEMS Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Sensor Fusion Non MEMS Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 14 Asia Pacific IMU Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 15 Asia Pacific IMU Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Radar Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Radar Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Image Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Image Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Temperature Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Temperature Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Other Type Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Other Type Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Sensor Fusion Consumer Electronics Market by Country, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Sensor Fusion Consumer Electronics Market by Country, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Sensor Fusion Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Sensor Fusion Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Sensor Fusion Military & Defense Market by Country, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Sensor Fusion Military & Defense Market by Country, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Sensor Fusion Automotive Market by Country, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Sensor Fusion Automotive Market by Country, 2021 - 2027, USD Million
TABLE 34 Asia Pacific Sensor Fusion Others Market by Country, 2017 - 2020, USD Million
TABLE 35 Asia Pacific Sensor Fusion Others Market by Country, 2021 - 2027, USD Million
TABLE 36 Asia Pacific Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 37 Asia Pacific Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 38 China Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 39 China Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 40 China Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 41 China Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 42 China Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 43 China Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 44 China Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 45 China Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 46 Japan Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 47 Japan Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 48 Japan Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 49 Japan Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 50 Japan Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 51 Japan Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 52 Japan Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 53 Japan Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 54 India Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 55 India Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 56 India Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 57 India Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 58 India Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 59 India Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 60 India Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 61 India Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 62 South Korea Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 63 South Korea Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 64 South Korea Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 65 South Korea Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 66 South Korea Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 67 South Korea Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 68 South Korea Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 69 South Korea Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 70 Singapore Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 71 Singapore Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 72 Singapore Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 73 Singapore Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 74 Singapore Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 75 Singapore Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 76 Singapore Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 77 Singapore Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 78 Malaysia Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 79 Malaysia Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 80 Malaysia Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 81 Malaysia Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 82 Malaysia Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 83 Malaysia Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 84 Malaysia Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 85 Malaysia Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 86 Rest of Asia Pacific Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 87 Rest of Asia Pacific Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 88 Rest of Asia Pacific Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 89 Rest of Asia Pacific Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 90 Rest of Asia Pacific Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 91 Rest of Asia Pacific Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 92 Rest of Asia Pacific Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 93 Rest of Asia Pacific Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 94 key information – Analog Devices, Inc.
TABLE 95 key information – Renesas Electronics Corporation
TABLE 96 Key information –TDK Corporation
TABLE 97 Key Information – STMicroelectronics N.V.
TABLE 98 Key Information – Infineon Technologies AG
TABLE 99 Key Information – NXP Semiconductors N.V.
TABLE 100 Key Information – Asahi Kasei Corporation
TABLE 101 key information – Robert Bosch GmbH
TABLE 102 key information – CEVA, Inc.
TABLE 103 Key Information – MEMSIC Semiconductor Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Dec – 2021, Dec) Leading Players
FIG 5 Swot analysis: analog devices, inc.
FIG 6 Recent strategies and developments: Renesas Electronics Corporation
FIG 7 Recent strategies and developments: TDK Corporation
FIG 8 Recent strategies and developments: STMicroelectronics N.V.
FIG 9 Swot analysis: stmicroelectronics n.v.
FIG 10 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 11 Swot analysis: NXP semiconductors N.V.
FIG 12 Swot analysis: Robert bosch gmbh
FIG 13 Recent strategies and developments: CEVA, Inc.