Press release
The Surge In Electric Vehicle Adoption Propels Growth In The Sensor Fusion Market: A Key Catalyst Accelerating Global Sensor Fusion Market Growth in 2025
Sensor Fusion
Sensor Fusion Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the sensor fusion market has seen a swift growth in the past few years. The values are projected to rise from $6.49 billion in 2024 to $7.63 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. The expansion during the historic period can be credited to the shrinking size of sensors, increase in the use of mobile devices, the imposition of automotive safety rules, applications in the defense and aerospace sectors, as well as industrial automation.
Sensor Fusion Market Size Forecast: What's the Projected Valuation by 2029?
The market size of sensor fusion is projected to experience substantial growth in the immediate future. It's estimated to reach $15.09 billion by 2029, with a compound annual growth rate (CAGR) of 18.6%. The projected growth during this period can be credited to numerous factors such as the proliferation of IoT and smart city initiatives, advancements in consumer electronics, developments in healthcare and medical imaging, concerns regarding energy efficiency, expansion in wearable health technology, and the emergence of cloud-based sensor fusion services. Key trends during this forecast period comprise integration of AI and machine learning, progress in robotics, applications of augmented reality (AR) and virtual reality (VR), and the introduction of environment-friendly solutions.
View the full report here:
https://www.thebusinessresearchcompany.com/report/sensor-fusion-global-market-report
What Are the Drivers Transforming the Sensor Fusion Market?
The surge in the uptake of electric vehicles is predicted to spark the expansion of the sensor fusion market in the future. Electric vehicles, known for their capability to be operated by an electric motor powered and externally charged by a battery, are rising in popularity. Sensor fusion is integral to the operation, safety, energy conservation, and self-driving features of electric vehicles, establishing its importance in the transforming auto industry. For instance, the International Energy Agency, an intergovernmental organization based in France, reported that while electric vehicle sales were at 10 million in 2022, they are projected to rise to 14 million by 2023. Hence, the growing adoption of electric vehicles is bolstering the sensor fusion market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12147&type=smp
What Long-Term Trends Will Define the Future of the Sensor Fusion Market?
The rise in technological progress is an emerging trend gathering momentum in the sensor fusion market. Established corporations in this sector are incorporating advanced technologies to retain their industry standing. For example, in November 2022, a renowned semiconductor manufacturer based in Switzerland, STMicroelectronics, unveiled the LSM6DSV16X. This is a highly evolved 6-axis inertial measurement unit (IMU) integrating artificial intelligence (AI), adaptive self-configuration (ASC), and a method for superior power optimization using sensor fusion low power (SFLP). The IMU, benefiting from ST's Sensor Fusion Low Power (SFLP) technology used in conjunction with ASC, facilitates fast and powerful edge processing while conserving energy. Due to its innovative design, the LSM6DSV16X is an ideal fit for advanced 3D phone mapping and realizing context awareness on laptops and tablets, allowing for sophisticated edge processing.
Which Segments in the Sensor Fusion Market Offer the Most Profit Potential?
The sensor fusionmarket covered in this report is segmented -
1) By Type: Radar Sensor, Image Sensor, Inertial Measurement Unit (IMU), Temperature Sensor, Other Types
2) By Technology: Micro-Electronic Mechanical Systems (MEMS), Non-Micro-Electronic Mechanical Systems (MEMS), Other Technologies
3) By Application: Smartphones, Tablets, TV Remote, Camera, Video Games, Other Applications
4) By End User: Consumers Electronics, Automotive, Home Automation, Medical, Military, Industrial
Subsegments:
1) By Radar Sensor: Automotive Radar Sensors, Airborne Radar Sensors, Ground-Based Radar Sensors
2) By Image Sensor: CCD (Charge-Coupled Device) Sensors, CMOS (Complementary Metal-Oxide-Semiconductor) Sensors, Infrared Sensors
3) By Inertial Measurement Unit (IMU): Gyroscopes, Accelerometers, Magnetometers
4) By Temperature Sensor: Thermocouples, Thermistors, Infrared Temperature Sensors
5) By Other Types: Proximity Sensors, Pressure Sensors, Ultrasonic Sensors, Humidity Sensors
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12147&type=smp
Which Firms Dominate the Sensor Fusion Market by Market Share and Revenue in 2025?
Major companies operating in the sensor fusion market include Qualcomm Technologies Inc., Broadcom Inc., NVIDIA Corporation, Asahi Kasei Microdevices Corporation, Texas Instrument Incorporated, Aptiv PLC, STMicroelectronics N.V, Infineon Technologies AG, NXP Semiconductor N.V, Amphenol Corporation, Analog Devices Inc., Renesas Electronics Corporation, Microchip Technology Inc., Trimble Inc., InvenSense Inc., MEMSIC Semiconductor Co. Ltd., CEVA Inc., First Sensor AG, Bosch Sensortec GmbH, LeddarTech Inc., Kionix Inc., Fullpower Technologies, QuickLogic Corporation, NIRA Dynamics, Kitware Inc., Innoviz Technologies, PNI Sensor Corporation, Hillcrest Laboratories Inc., Baselabs GmbH
Which Regions Offer the Highest Growth Potential in the Sensor Fusion Market?
Asia-Pacific was the largest region in the sensor fusion market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the sensor fusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12147
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Surge In Electric Vehicle Adoption Propels Growth In The Sensor Fusion Market: A Key Catalyst Accelerating Global Sensor Fusion Market Growth in 2025 here
News-ID: 4228729 • Views: …
More Releases from The Business Research Company
Key Trends Reshaping the Telecom Operations Management Market: Gozone Wi-Fi Unve …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Telecom Operations Management Market Size Growth Forecast: What to Expect by 2025?
The market size for telecom operations management has seen significant expansion in the last few years. Projected progression from $72.59 billion in 2024 to $77.3 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%…
Soaring Demand Set to Propel Rendering And Simulation Software Market to $43.79 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rendering And Simulation Software Market Through 2025?
The sector of rendering and simulation software has seen robust expansion in the past few years. The market value is projected to surge from $27.02 billion in 2024 to $28.83 billion in 2025, marking a…
What Is The Leading Driver Behind Rising Cybercrime Incidents Fueling The Growth …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Physical Security Information Management (PSIM) Industry Market Size Be by 2025?
The market for physical security information management (psim) has experienced swift growth in recent years. The market value, which is projected to be $1.7 billion in 2024, is expected to rise to $1.95 billion in…
Optical Transceiver Market Trends That Will Shape the Next Decade: Insights from …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Optical Transceiver Market Size By 2025?
The size of the optical transceiver market has experienced accelerated growth in the last few years. It is projected to expand from $11.29 billion in 2024 to $12.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
