Sensor Fusion: Global Market Outlook

Report Code: IAS196A

Publish Date: Mar 2023

Publisher: BCC Publishing

Category: Instrumentation and Sensors

Customize This Report

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The goal is to furnish an up-to-date analysis of the global sensor fusion market and future opportunities in the market. The report provides an overview of the global sensor fusion market and examines market trends. It also highlights major trends and challenges that affect the market and the vendor landscape. The scope of the study includes market drivers and restraints, the competitive landscape, and current and emerging technologies. And revenue forecasts for the period (2022-2027) are made for sensor type, technology type, industry and geography in the study.

Report Includes

  • A comprehensive overview of the global market outlook for sensor fusion (SF) process
  • Analyses of the global market trends, with historic market revenue for 2021 and 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the upcoming market potential for sensor fusion, industry growth drivers, and areas of focus to forecast this market into various segments and subsegments
  • Estimation of the actual market size and revenue forecast for sensor fusion market in USD million values, and its corresponding market share analysis based on the technology, sensor type, end-user industry, and region
  • Discussion of the current and future market potential for sensor fusion, along with a detailed analysis of the competitive environment, industry trends, opportunities and gaps estimating the demand, penetration of technologies within the industry
  • Identification of the major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, and segmental revenues

Report Scope

This report has segmented the market based on sensor type, technology type, industry and geography. The report provides an overview of the global Market for Sensor Fusion and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period from 2022 to 2027. Revenue forecasts for this period are segmented by sensor type, technology type, industry and geography. Market values have been estimated based on the total revenue of sensor fusion solution providers.

The report covers the market for sensor fusion regarding the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for sensor fusion in 2021 and provides projections for the expected market size through 2027.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022 to 2027
Base year market size $5.8 billion
Market size forecast $18.4 billion
Growth rate CAGR of 21.4% for the forecast period of 2022-2027
Units considered $ Millions
Segments covered sensor type, technology type, industry, and region
Regions covered Americas, Europe, Asia-Pacific (APAC), and the Middle East and Africa (MEA)
Countries covered U.S., Canada, Mexico, South America, Germany, U.K., France, Italy, Rest of Europe, China, Japan, South Korea, India, Rest of APAC, Middle East, and Africa
Key Market Drivers
  • Leveraging Sensor Fusion for the Internet of Things
  • Miniaturization of Electronic Components
  • Self-Learning Sensors
  • Lack of Standardization in Sensor Fusion Architecture
  • Problem with Multimodal Data
Companies studied
ANALOG DEVICES INC.BASELABS GMBH
BOSCH SENSORTEC GMBHCEVA INC.
ELMOS SEMICONDUCTOR SEINFINEON TECHNOLOGIES AG
NXP SEMICONDUCTORSSTMICROELECTRONICS
TDK CORP. (INVENSENSE)TE CONNECTIVITY
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

• The sensor fusion market is expected to reach $18.4 billion by 2027 growing at a CAGR of 21.4% from 2022 to 2027.
• Increasing government initiatives to create more autonomous vehicles and companies focusing on investing in research and development are some of the major factors driving the sensor fusion demand.
• The report is segmented based on sensor type, technology type, industry, and region
• By technology type MEMS segment is expected to dominate the sensor fusion market.
• The Americas region has the largest market share in the global sensor fusion market.
• Analog Devices • Bosch Sensortec • Baselabs • Infineon Technologies • STMicroelectronics

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Latest reports include:
Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Sensor Fusion: Global Market Outlook65Free

Related Reports

Global Markets for Automotive Sensor Technologies

Published - Feb 2025 | Publisher - BCC Publishing | Code - IAS018J

The global market for automotive sensor technologies was valued at $37.0 billion in 2023. This market is expected to grow from $37.8 billion in 2024 to $51.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.

Environmental Sensing and Monitoring Technologies: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - IAS030E

The global market for environmental sensing and monitoring technologies is estimated to increase from $31.3 billion in 2024 to reach $41.4 billion by 2029, at a compound annual growth rate (CAGR) of 5.7% from 2024 through 2029.

Sensors: Technologies and Global Markets

Published - Jun 2024 | Publisher - BCC Publishing | Code - IAS006P

The global market for sensors is estimated to increase from $179.7 billion in 2023 to reach $300.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029.

Microelectromechanical Systems (MEMS) Technology: Current and Future Markets

Published - Oct 2023 | Publisher - BCC Publishing | Code - SMC051E

The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.

Recent Reports

2024 Robotics Technology Research Review

Published - Mar 2025 | Publisher - Various Analysts | Code - IAS204A

This 2024 Research Review of Robotics Technology Market provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.

2024 Instrumentation & Sensors Research Review

Published - Mar 2025 | Publisher - Various Analysts | Code - IAS035H

This 2024 Instrumentation and Sensors Research Review provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.

Global Markets for Automotive Sensor Technologies

Published - Feb 2025 | Publisher - BCC Publishing | Code - IAS018J

The global market for automotive sensor technologies was valued at $37.0 billion in 2023. This market is expected to grow from $37.8 billion in 2024 to $51.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.

Global Fluorescence Microscopy Market

Published - Feb 2025 | Publisher - BCC Publishing | Code - IAS134B

The global market for fluorescence microscopy is expected to grow from $968.5 million in 2024 and is projected to reach $1.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2024 to 2029.

Hyperspectral Imaging: Technologies and Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - IAS135B

The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.

Top Trending Reports

Carbon Capture, Utilization & Storage Technologies

Published - Feb 2025 | Publisher - BCC Publishing | Code - EGY037G

The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.

Cell-Based Assays: Technologies and Global Markets

Published - Feb 2025 | Publisher - BCC Publishing | Code - BIO080F

The global market for cell-based assays is estimated to increase from $35.3 billion in 2024 to reach $56.3 billion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.

Generative AI: Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - IFT308A

The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.

Global Markets for Chemicals for Cosmetics & Toiletries

Published - Feb 2025 | Publisher - BCC Publishing | Code - CHM018K

The global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029.

Liquid Biopsy Research Tools, Services and Diagnostics: Global Markets

Published - Jan 2025 | Publisher - BCC Publishing | Code - BIO150E

The global market for liquid biopsy is expected to grow from $4.6 billion in 2024 and is projected to reach $13.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.3% during the forecast period of 2024 to 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Sensor Fusion: Global Market Outlook
Customize Report