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Sensor Fusion Market Revenue Opportunities By AKM Semiconductor,Analog Devices, Bosch Sensortec, Renesas Electronics And NXP Semiconductors

11-26-2018 07:41 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Sensor-Fusion

Sensor-Fusion

Coherent Market Research Published a Half Cooked Research Report on Global Sensor Fusion Market Research Report. Avail the in-depth table of content Table of Content and market synopsis on “Sensor Fusion Market Research Report - Global Forecast up to 2026.”

The Global “Sensor Fusion Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.

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.

Get PDF of Sample Copy Illustration: https://www.coherentmarketinsights.com/insight/request-sample/1740

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.

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.

Non-MEMS segment is projected to exhibit highest CAGR over the forecast period.

On the basis of technology, non- MEMS segment is expected to exhibit highest CAGR during the forecast period, owing to the rising demand for image and radar based products to improve the safety system in the vehicles, as the level of complexity is very high while integrating it to automotive applications such as lights and engine when compared to the other sensors. Therefore, this factor is expected to propel growth of the market during the forecast period.

Global Sensor Fusion Market: Regional Insights

North America accounted for the largest share in the global sensor fusion market in 2016 and this region is expected to dominate the global market by 2028. The increasing adoption of sensors in various fields such as medical, consumer electronics, and automotive is one of the major factors driving growth of the market in this region. For instance, according to the International Energy Agency (IEA) analysis, the total sales of electric vehicles in the U.S. in 2015 was US$ 130 billion, which increased up to US$ 150 billion in 2016.

Global Sensor Fusion Market: Competitive Landscape

The key players operating in the global sensor fusion market include 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.

Do You Have Specific Requirement? Ask To Our Experts: https://www.coherentmarketinsights.com/insight/talk-to-analyst/1740

Global Sensor Fusion Market: Taxonomy

On the basis of application:

- Smart Phones
- Tablet
- Camera
- TV Remote
- Video Games

On the basis of end-use:

- Retail
- Automotive
- Consumer Electronics

On the basis of region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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