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Sensor Fusion Market 2019-2022 Industry Trends and Demands Research Report


The Sensor Fusion Market is competitive owing to the presence of various well-established global market players. Sensor fusion techniques are used to combine data or information received from these multiple sensors to achieve more specific output. The sensor fusion technology is mostly used in consumer electronics, automotive, home automation, medical, military and others where multiple sensor data need to be combined for precise output. The players in the market have implemented different strategies to maintain their position in this market and ensure their long-term growth and profitability. The key strategies implemented by most of the companies in the sensor fusion market include new product launches, collaboration and acquisition. These strategies also help companies increase their market share, expand their geographic presence across the globe, and gain recognition in the sensor fusion market.
The key players in the ecosystem of the sensor fusion market profiled in this report are STMicroelectronics (Switzerland), NXP Semiconductors N.V. (The Netherlands), Renesas Electronics Corporation (Japan), InvenSense, Inc. (U.S.), MEMSIC, Inc. (U.S.). , Bosch Sensortec GmbH (Germany), Hillcrest labs (U.S.), Kionix Inc. (U.S.), Senion (Sweden), BASELABS (Germany), Analog Devices Inc. (U.S.), and Asahi Kasei Microdevices (Japan).
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STMicroelectronics (Switzerland) is an important player in the sensor fusion market in 2015.The company is mainly engaged in the development and manufacturing of sensors and others semiconductor products. The company is leading player in sensor market offering integrated motion sensors called—iNEMO inertial module and sensor fusion software. The company also focuses on automotive and IoT application as they are core of digitalization trend. For instance, the company along with Mobileye (Israel) is co-developing Mobileye’s EyeQ® 5 system on chip used for a central computer performing sensor fusion for fully autonomous driving (FAD) vehicles. The company aims to expand its product base with product innovation and product launches in different region.
InvenSense Inc. (U.S.) holds the second position with its wide range of sensor fusion products used for the motion tracking application. The company is an important player providing MEMS sensor-based solution especially for motion, image and sound along with its patent algorithms, processors and firmware that synthesize and calibrate sensor data.  The company offers 6-axis, 9-axis motion sensors SOC for sensor fusion focusing on market application in mobile, wearable, smart home, gaming, industrial, and automotive.
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