According to the research report titled ‘Global Sensor Fusion Market Size study, By Technology (MEMS, NON-MEMS), By Product Type (Inertial Combo Sensors, Radar + Image Sensors, IMU+GPS, Temperature Sensors+ Pressure Sensors+ Humidity/ Light Sensors/ Gas Sensors, Others), By End Use Application (Consumer Electronics, Automotive, Home Automation, Medical, Military, Industrial, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global sensor fusion market was valued at USD 5.33 billion in 2021 and is estimated to reach USD 18.28 billion by 2028, recording a 19.25% CAGR over the study period.

The rising demand for autonomous vehicles and advanced driver assistance systems (ADAS), the growing trend for integrated sensors in smartphones, and the surging popularity of incorporating fusion technology in consumer electronics device applications are some of the primary factors driving the expansion of global sensor fusion market.

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For those unaware, sensor fusion is the combination of sensors to receive more reliable and accurate information rather than using individual sensors.

Apart from this, the growing demand for wearable devices and the increasing miniaturization of electronics would serve as catalysts for the overall market expansion. However, non-standardized MEMS and sensor fusion systems are likely to hinder the growth of global sensor fusion market.

Based on the technology spectrum, the market is divided into NON-MEMS and MEMS.

Moving on to the product type, the sensor fusion industry is segmented into temperature + pressure + humidity/ light/ gas sensors, IMU+GPS, radar + image sensors, inertial combo sensors, and others.

With respect to the end-user application, the market is categorized into industrial, military, medical, home automation, automotive, consumer electronics, and others.

Regionally, Asia Pacific is expected to hold the biggest market share over the forecast period, owing to the emergence of novel technologies, growing demand for electronic devices, the presence of prominent automotive players, and increasing popularity of autonomous vehicles.

Maxim Integrated, Bosch Sensortec GmbH, BASELABS GmBH, Asahi Kasei Microdevices Corporation, STMicroelectronics, Infineon Technologies AG, InvenSense Inc., Renesas Electronics Corporation, NXP Semiconductors N.V., and Devices Inc. are the leading players influencing global sensor fusion market trends.