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Sensor Fusion Market Share
- Report ID: GMI6902
- Published Date: Oct 2023
- Report Format: PDF
Sensor Fusion Market Share
The sensor fusion market is highly competitive owing to the presence of key players such as:
- Amphenol Corporation
- Analog Devices Inc.
- Aptiv
- Asahi Kasei Microdevices
- BASELABS
- Bosch Sensortec GmbH
- Infineon Technologies
- InvenSense Inc.
- Maxim Integrated
- NXP Semiconductor
- PNI Sensor
- Qualcomm Technologies
- Renesas Electronics Corporation
- STMicroelectronics
- Texas Instruments
Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture market share are positively impacting market growth.
Frequently Asked Questions (FAQ) :
The sensor fusion market was valued at USD 7.5 billion in 2022 and is estimated to register a CAGR of over 14% between 2023 and 2032 with integration in smart cities, smart homes, and Industrial IoT (IoT) due to its ability to enhance efficiency, safety, and automation.
2. How will automotive sector add to sensor fusion industry value?
Asia Pacific held a significant market share of over 34.5% in 2022 and will witness high demand for sensor fusion owing to the region's expanding manufacturing sector, and increased demand for automotives as well as consumer electronics.
Amphenol Corporation, Analog Devices Inc., Aptiv, Asahi Kasei Microdevices, BASELABS, Bosch Sensortec GmbH, Infineon Technologies, InvenSense Inc., and Maxim Integrated among others.
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