The North America Sensor Fusion Market would witness market growth of 17.6% CAGR during the forecast period (2021-2027).
Sensor fusion is becoming more popular in a variety of industries, including automotive, healthcare, consumer electronics, military & defence, and others. As the need for these industries grows, the sensor fusion market share is predicted to grow significantly in the coming years. Smartphones, tablets, automobiles, medical devices, and other industrial equipment are among the key users of sensor fusion.
Smartphones are embedded with a wide variety of sensors, including Inertial Measuring Unit (IMU) sensors, temperature sensors, light sensors, and more. Sensors of this type are used to determine a variety of actions, including positioning, tracking, and recognition. Wearable gadgets in healthcare involve sensor fusion in the form of accelerometers and gyroscopes. Along with that, wearable sensor systems that may be employed in a range of medical situations are becoming possible due to advancements in the size and power consumption of MEMS sensor devices and microcontrollers.
For instance, Pony.ai, is testing a sensor fusion-enabled robotaxi in the United States. GeoCue Group, situated in the United States, introduced the drone market to their new hardware as a service (HaaS) Evergreen Subscription for their True View UAV LiDAR/Imagery Fusion Sensors in 2019. It is the industry's first integrated LIDAR/camera fusion platform, according to the company, built from the bottom up to generate high-accuracy 3D colourized LIDAR point clouds.
The US market dominated the North America Sensor Fusion Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,057.4 million by 2027. The Canada market is expected to witness a CAGR of 20.2% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 19.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Sensor Fusion Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Sensor Fusion Market, by Technology
1.4.2 North America Sensor Fusion Market, by Type
1.4.3 North America Sensor Fusion Market, by End User
1.4.4 North America 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. North America Sensor Fusion Market by Technology
4.1 North America Sensor Fusion MEMS Market by Country
4.2 North America Sensor Fusion Non MEMS Market by Country
Chapter 5. North America Sensor Fusion Market by Type
5.1 North America IMU Sensor Fusion Market by Country
5.2 North America Radar Sensors Sensor Fusion Market by Country
5.3 North America Image Sensors Sensor Fusion Market by Country
5.4 North America Temperature Sensors Sensor Fusion Market by Country
5.5 North America Other Type Sensor Fusion Market by Country
Chapter 6. North America Sensor Fusion Market by End User
6.1 North America Sensor Fusion Consumer Electronics Market by Country
6.2 North America Sensor Fusion Healthcare Market by Country
6.3 North America Sensor Fusion Military & Defense Market by Country
6.4 North America Sensor Fusion Automotive Market by Country
6.5 North America Sensor Fusion Others Market by Country
Chapter 7. North America Sensor Fusion Market by Country
7.1 US Sensor Fusion Market
7.1.1 US Sensor Fusion Market by Technology
7.1.2 US Sensor Fusion Market by Type
7.1.3 US Sensor Fusion Market by End User
7.2 Canada Sensor Fusion Market
7.2.1 Canada Sensor Fusion Market by Technology
7.2.2 Canada Sensor Fusion Market by Type
7.2.3 Canada Sensor Fusion Market by End User
7.3 Mexico Sensor Fusion Market
7.3.1 Mexico Sensor Fusion Market by Technology
7.3.2 Mexico Sensor Fusion Market by Type
7.3.3 Mexico Sensor Fusion Market by End User
7.4 Rest of North America Sensor Fusion Market
7.4.1 Rest of North America Sensor Fusion Market by Technology
7.4.2 Rest of North America Sensor Fusion Market by Type
7.4.3 Rest of North America 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 North America Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 7 North America Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 8 North America Sensor Fusion MEMS Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Sensor Fusion MEMS Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Sensor Fusion Non MEMS Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Sensor Fusion Non MEMS Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 13 North America Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 14 North America IMU Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 15 North America IMU Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Radar Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Radar Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Image Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Image Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Temperature Sensors Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Temperature Sensors Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Other Type Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Other Type Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 25 North America Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 26 North America Sensor Fusion Consumer Electronics Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Sensor Fusion Consumer Electronics Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Sensor Fusion Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Sensor Fusion Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Sensor Fusion Military & Defense Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Sensor Fusion Military & Defense Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Sensor Fusion Automotive Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Sensor Fusion Automotive Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Sensor Fusion Others Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Sensor Fusion Others Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Sensor Fusion Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Sensor Fusion Market by Country, 2021 - 2027, USD Million
TABLE 38 US Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 39 US Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 40 US Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 41 US Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 42 US Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 43 US Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 44 US Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 45 US Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 46 Canada Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 47 Canada Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 48 Canada Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 49 Canada Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 50 Canada Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 51 Canada Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 52 Canada Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 53 Canada Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 54 Mexico Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 55 Mexico Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 56 Mexico Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 57 Mexico Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 58 Mexico Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 59 Mexico Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 60 Mexico Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 61 Mexico Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 62 Rest of North America Sensor Fusion Market, 2017 - 2020, USD Million
TABLE 63 Rest of North America Sensor Fusion Market, 2021 - 2027, USD Million
TABLE 64 Rest of North America Sensor Fusion Market by Technology, 2017 - 2020, USD Million
TABLE 65 Rest of North America Sensor Fusion Market by Technology, 2021 - 2027, USD Million
TABLE 66 Rest of North America Sensor Fusion Market by Type, 2017 - 2020, USD Million
TABLE 67 Rest of North America Sensor Fusion Market by Type, 2021 - 2027, USD Million
TABLE 68 Rest of North America Sensor Fusion Market by End User, 2017 - 2020, USD Million
TABLE 69 Rest of North America Sensor Fusion Market by End User, 2021 - 2027, USD Million
TABLE 70 key information – Analog Devices, Inc.
TABLE 71 key information – Renesas Electronics Corporation
TABLE 72 Key information –TDK Corporation
TABLE 73 Key Information – STMicroelectronics N.V.
TABLE 74 Key Information – Infineon Technologies AG
TABLE 75 Key Information – NXP Semiconductors N.V.
TABLE 76 Key Information – Asahi Kasei Corporation
TABLE 77 key information – Robert Bosch GmbH
TABLE 78 key information – CEVA, Inc.
TABLE 79 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.