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(Wireless-NewsWire.Com, November 16, 2017 ) According to Publisher, the Global Sensor Fusion Market is valued at $2.14 billion in 2015 and is expected to reach $6.34 billion by 2022 growing at a CAGR of 16.7% from 2015 to 2022. The extensive use of fusion technology in consumer electronics devices for various applications favours the sensor fusion market growth. The surfacing of sensor fusion technology is a trend that acts as a key role in the expansion of this market. However, dearth of standardization and harmonization process of the MEMS sensor and related software is hampering the market.
The consumer electronics and automotive applications captured the larger share of the market. However, home automation application is anticipated to grow at the highest CAGR during the forecast period, followed by the automotive application. The APAC region accounted for the largest market share and is anticipated to grow at the highest rate due to massive demand for consumer electronics and automobiles from countries such as China, India, Japan, South Korea, and among others.
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Some of the key players in the market include Stmicroelectronics, Analog Devices, Inc., Asahi Kasei Microdevices Corp., Baselabs GmbH, Bosch Sensortec GmbH, Hillcrest Labs., Invensense, Inc., Kionix, Inc., Memsic, Inc., NXP Semiconductors N.V., Renesas Electronics Corp. and Senion.
Applications Covered:
- Automotive
o Advanced Driver Assisted Systems
o Parking Assist System
o Electronic Stability Control
o Collision Avoidance Systems
- Military
o Unmanned Aerial Vehicles (UAVS)
o Adaptable Navigation Systems (ANS)
- Industrial
- Consumer Electronics
o Smartphones
o Tablets and Notebooks
o Gaming Consoles
o Wearable Devices
o Smart Tv
- Medical
o Non-Wearable Heath Devices
o Wearable Health Devices
o Home Automation
o Remote Controls
o Environmental Controlling
o Others
- Other Applications
o Agriculture
o Education and Research
Product Types Covered:
- Radar + Image Sensors
- IMU + GPS
- Inertial Combo Sensors
- Accelerometers + Magnetometers
- Accelerometers + Gyroscopes
- 12-Axis (3-Axis Gyroscope, 3-Axis Accelerometer, 3-Axis Magnetometer, Light Sensor, Temperature Sensor, & Pressure Sensor)
- 9-Axis (3-Axis Gyroscope, 3-Axis Accelerometer, & 3-Axis Magnetometer)
- Temperature Sensors + Pressure Sensors + Humidity/Light/Gas Sensors
- Other Products
Technologies Covered:
- Non-Mems
- Mems
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Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
10 Company Profiling
10.1 Stmicroelectronics
10.2 Analog Devices, Inc.
10.3 Asahi Kasei Microdevices Corp.
10.4 Baselabs GmbH
10.5 Bosch Sensortec GmbH
10.6 Hillcrest Labs.
10.7 Invensense, Inc.
10.8 Kionix, Inc.
10.9 Memsic, Inc.
10.10 NXP Semiconductors N.V.
10.11 Renesas Electronics Corp.
10.12 Senion
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Rajat Sahni
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Source: EmailWire.Com 
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