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Sensor Fusion Market worth 6.35 Billion USD by 2022 Speech & Voice Recognition Market Technology & Product - 2022
July 2016
Sensor Fusion Market worth 6.35 Billion USD by 2022 According to the new market research report "Sensor Fusion Market by Technology (MEMS, Non-MEMS), Products (Inertial Combo Sensors, Radar+Image Sensors, IMU+GPS, Temperature Sensors+ Presure Sensors+ Humidity/ Light/ Gas Sensors), Application, and Geography - Global Forecast to 2022", the sensor fusion market is expected to be worth USD 6.35 Billion by 2022, growing at a CAGR of 19.25% between 2016 and 2022. The sensor fusion market has a huge potential across consumer electronics and automotive applications. The major factor driving the sensor fusion market across the world is the increasing demand for consumer electronic devices such as smartphones, wearable devices, gaming consoles, and smart TVs. The growth of the sensor fusion is also driven by growing trend of miniaturization in electronics. Download Informational PDF Brochure :http://www.marketsandmarkets.com/pdfdownload.asp?id=71637844 Browse 72 market data Tables and 52 Figures spread through 179 Pages and in-depth TOC on "Sensor Fusion Market - Global Forecast to 2022" The market for the home automation segment is expected to grow at the highest rate between 2016 and 2022 The market for home automation segment is expected to grow at the highest CAGR between 2016 and 2022. The sensor fusion technology is used for controlling and monitoring purposes in home automation application using different sensor data such as light control, inhouse environment control, automatic appliance control, and security purpose. The considerable growing demand for home automation devices around the world is expected to boost the sensor fusion market. The market for the non-MEMS technology-based sensors would grow at the highest CAGR between 2016 and 2022 The market for the non-MEMS technology-based sensors is expected to grow at the highest rate. This high growth can be attributed to the growing need for the non- MEMS technologybased sensors such as radar and image in automobiles safety system such as ADAS. APAC to hold the largest size of the sensor fusion market The APAC region held the largest share of the sensor fusion market in 2015. One of the main reasons for the large share of APAC in this market is the growing demand for consumer electronic devices such as smartphones, tablets, and wearable devices in the region. China is the major market for sensor fusion in the APAC region owing to the increasing demand for
consumer electronics products such as smart phones, tablets, wearables and gaming consoles in the country. China is the worlds largest automotive manufacturer, which is one of the prospective applications of sensor fusion for active safety in automobiles. The companies that are profiled in the report are STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), InvenSense, Inc. (U.S.), Bosch Sensortec GmbH (Germany), Hillcrest labs (U.S.), Kionix Inc. (U.S.), Senion (Sweden), BASELABS (Germany), and Asahi Kasei Microdevices (Japan). About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Subscribe Reports from Semiconductor & Electronic @ http://www.marketsandmarkets.com/Subscription.html Contact: Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/marketreports/electronics-and-semiconductors Connect with us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets Website :- http://www.marketsandmarkets.com/