Sensor Fusion Market Set to Witness Steady Growth through (2018-2026)

Sensor fusion is a software that combines the data from different sensors and helps in maintaining the resulting information with less uncertainty. Increasing adoption of smart devices by the consumers, in order to bring changes in lifestyle is one of the major factors for the increasing demand for sensors in devices, thereby increasing the demand for sensor fusion in wearable devices. Hence, this is expected to propel growth of the market over the forecasted period.

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Increasing demand for sensor-based applications in smart phones is one of the major factors driving growth of the market

The increasing demand for sensor-based applications in smart phones is one of the major factors driving growth of the market. This is attributed to the rising competition among the smartphone manufactures such as Apple Inc., Samsung Electronics Co., Ltd., and Huawei Technologies Co., who are investing in research and development, in order to develop sensor-based applications that will differentiate their products from the others. This factor is expected to drive growth of the market over the forecast period. For instance, iPhone X launched by Apple uses the front-facing 3D sensor for face ID, which is a facial-recognition system that replaces the fingerprint sensor for unlocking the handset.

Furthermore, smart phones are integrated with different types of sensors such as accelerometer, gyroscope, magnetometer, proximity, and pressure sensors where each sensor generates data individually, thereby increasing the demand for data security. For instance, according to Coherent Market Insights’ analysis, in July 2017, the number of cybercrime cases raised to 84.1% from 68.8%. Cyber Espionage reduced to 10.1% from 15.6% in June whereas Cyber Warfare plummets to 4.3% from 9.4%. Therefore, increasing cases of cybercrime will force the manufactures of smart phones to centralize the data generated by the sensors to strengthen their data security. This is expected to drive growth of the sensor fusion market over the forecast period.

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Key Vendors of Sensor Fusion Market: AKM Semiconductor, Inc., Analog Devices, Inc., Bosch Sensortec Gmbh, Renesas Electronics Corporation., NXP Semiconductors, Inc., BASELABS, STMicroelectronics, Kionix, Inc. Qualcomm Technologies, Inc., Quick Logic Corporation, PNI Corp., and Hillcrest Company LLC.
Global Sensor Fusion Market: Taxonomy

On the basis of technology, the global sensor fusion market is segmented into:

MEMS
Non-MEMS

On the basis of application, the global sensor fusion market is segmented into:

Smart Phones
Tablet
Camera
TV Remote
Video Games
Others

On the basis of end-use, the global sensor fusion market is segmented into:

Retail
Automotive
Consumer Electronics
Others

On the basis of region, the global sensor fusion market is segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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