Sensor Fusion Market to Record 18. 36 % Y-O-Y Growth Rate in 2022|MEMS Segment to be Significant for Revenue Generation | Technavio
NEW YORK, May 24, 2022 /PRNewswire/ -- The "sensor fusion market by Technology (MEMS and Non-MEMS) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa) - Forecast and Analysis 2022-2026" has been added to Technavio's offering. The sensor fusion market share growth by the MEMS segment will be significant for revenue generation. MEMS refers to the devices or the components that are very small in size ranging from a few micrometers to millimeters, and combine both electrical and mechanical components. These components are further fabricated utilizing integrated circuit batch processing technologies. MEMS-based smart sensors are crucial components in several disciplines such as automotive electronics, medical equipment, and portable electronics like hard drives, computer peripherals, wireless devices, cell phones, etc. Thus, the growing adoption of MEMS technology in designing and developing smart sensors is expected to propel the growth of the sensor fusion market during the forecast period.
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The competitive scenario provided in the Sensor Fusion Marketreport analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Sensor Fusion Market Forecast Report - Buy Now!
Sensor Fusion Market 2022-2026: Scope
The sensor fusion market report covers the following areas:
What are the significant trends in the market? Increasing design complexity is one of the key sensor fusion market trends that is positively impacting the market growth.
At what rate is the market projected to grow? The sensor fusion market size is predicted to surge to USD 5.79 billion from 2021 to 2026 at a CAGR of 19.14%.
Who are the top players in the market? Analog Devices Inc., Applied Materials Inc., Asahi Kasei Corp., ASM International, BASELABS GmbH, CEVA Inc., Continental AG, Hitachi Ltd., and Infineon Technologies AG are some of the major market participants.
How big is the APAC market? 39% of the market's growth will originate from APAC during the forecast period.
The decline in sensor prices, increasing adoption of ADAS systems, and the rising adoption of 5G technology will offer immense growth opportunities. However, factors such as system reliability and uncertainty in user acceptance of autonomous features may impede market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist sensor fusion market growth during the next five years
Estimation of the sensor fusion market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the sensor fusion market across APAC, North America, Europe, South America, and the Middle East and Africa
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of sensor fusion market vendors
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Sensor Fusion Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 19.14%
Market growth 2022-2026
USD 5.79 billion
Market structure
Fragmented
YoY growth (%)
18.36
Performing market contribution
APAC at 39%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Analog Devices Inc., Applied Materials Inc., Asahi Kasei Corp., ASM International, BASELABS GmbH, CEVA Inc., Continental AG, Hitachi Ltd., Infineon Technologies AG, Lam Research Corp., LeddarTech Inc., MEMSIC (Tianjin) Co. Ltd., Nikon Corp., NXP Semiconductors NV, Robert Bosch GmbH, ROHM Co. Ltd., Senion AB, STMicroelectronics International NV, TDK Corp., and Tokyo Electron Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Content
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary ? Chart on Incremental Growth
Exhibit 07: Executive Summary ? Data Table on Incremental Growth
Exhibit 08: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Technology
5.1 Market segments
Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
5.2 Comparison by Technology
Exhibit 26: Chart on Comparison by Technology
Exhibit 27: Data Table on Comparison by Technology
5.3 MEMS - Market size and forecast 2021-2026
Exhibit 28: Chart on MEMS - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on MEMS - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on MEMS - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on MEMS - Year-over-year growth 2021-2026 (%)
5.4 Non MEMS - Market size and forecast 2021-2026
Exhibit 32: Chart on Non MEMS - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Non MEMS - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Non MEMS - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Non MEMS - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Technology
Exhibit 36: Market opportunity by Technology ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 Japan - Market size and forecast 2021-2026
Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.11 Germany - Market size and forecast 2021-2026
Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.12 UK - Market size and forecast 2021-2026
Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 BASELABS GmbH
Exhibit 89: BASELABS GmbH - Overview
Exhibit 90: BASELABS GmbH - Product / Service
Exhibit 91: BASELABS GmbH - Key news
Exhibit 92: BASELABS GmbH - Key offerings
10.4 Continental AG
Exhibit 93: Continental AG - Overview
Exhibit 94: Continental AG - Business segments
Exhibit 95: Continental AG - Key news
Exhibit 96: Continental AG - Key offerings
Exhibit 97: Continental AG - Segment focus
10.5 Infineon Technologies AG
Exhibit 98: Infineon Technologies AG - Overview
Exhibit 99: Infineon Technologies AG - Business segments
Exhibit 100: Infineon Technologies AG - Key news
Exhibit 101: Infineon Technologies AG - Key offerings
Exhibit 102: Infineon Technologies AG - Segment focus
10.6 MEMSIC (Tianjin) Co. Ltd.
Exhibit 103: MEMSIC (Tianjin) Co. Ltd. - Overview
Exhibit 104: MEMSIC (Tianjin) Co. Ltd. - Product / Service
Exhibit 112: Robert Bosch GmbH - Business segments
Exhibit 113: Robert Bosch GmbH - Key news
Exhibit 114: Robert Bosch GmbH - Key offerings
Exhibit 115: Robert Bosch GmbH - Segment focus
10.9 ROHM Co. Ltd.
Exhibit 116: ROHM Co. Ltd. - Overview
Exhibit 117: ROHM Co. Ltd. - Business segments
Exhibit 118: ROHM Co. Ltd. - Key news
Exhibit 119: ROHM Co. Ltd. - Key offerings
Exhibit 120: ROHM Co. Ltd. - Segment focus
10.10 STMicroelectronics International NV
Exhibit 121: STMicroelectronics International NV - Overview
Exhibit 122: STMicroelectronics International NV - Business segments
Exhibit 123: STMicroelectronics International NV - Key news
Exhibit 124: STMicroelectronics International NV - Key offerings
Exhibit 125: STMicroelectronics International NV - Segment focus
10.11 TDK Corp.
Exhibit 126: TDK Corp. - Overview
Exhibit 127: TDK Corp. - Business segments
Exhibit 128: TDK Corp. - Key news
Exhibit 129: TDK Corp. - Key offerings
Exhibit 130: TDK Corp. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 131: Inclusions checklist
Exhibit 132: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 133: Currency conversion rates for US$
11.4 Research methodology
Exhibit 134: Research methodology
Exhibit 135: Validation techniques employed for market sizing
Exhibit 136: Information sources
11.5 List of abbreviations
Exhibit 137: List of abbreviations
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