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Sensor Fusion Market to Reach $19.84 Billion, Globally, By 2030 at 19.7% CAGR: Allied Market ResearchRise in demand for integrated sensors in smartphones, increase in demand for ADAS systems, and miniaturization of electronic components drive the growth of the global sensor fusion market. PORTLAND, Ore., Sept. 20, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Sensor Fusion Market By Type (Radar Sensors, Image Sensors, IMU, Temperature Sensor, and Others), Technology (MEMS and Non MEMS), and Industry Vertical (Automotive, Healthcare, Consumer Electronics, Military & Defense, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global sensor fusion industry generated $3.55 billion in 2020, and is estimated to reach $19.84 billion by 2030, witnessing a CAGR of 19.7% from 2021 to 2030. Drivers, Restraints, and Opportunities Rise in demand for integrated sensors in smartphones, increase in demand for ADAS system, and miniaturization of electronic components drive the growth of the global sensor fusion market. However, lack of standardization hinders the market growth. On the other hand, surge in number of IoT and interconnected devices present new opportunities in the coming years. Download Sample Report (Get Full Insights in PDF - 307 Pages) @ https://www.alliedmarketresearch.com/request-sample/13423 COVID-19 Scenario:
The IMU Segment to Offer Lucrative Opportunities Based on type, the IMU segment held the highest share in 2020, accounting for nearly two-fifths of the global sensor fusion market, and is projected to maintain its leadership status during the forecast period. Moreover, this segment is estimated to register the fastest CAGR of 20.6% from 2021 to 2030. This is due to high number of products utilizing these sensors for the accuracy of results. The research also analyzes the segments including radar sensors, image sensors, temperature sensors, and others. The Consumer Electronics Segment to Continue Its Dominance during the Forecast Period Based on industry vertical, the consumer electronics segment accounted for the highest share in 2020, contributing to nearly one-third of the global sensor fusion market, and is projected to continue its dominance in terms of revenue during the forecast period. This is due to increase in number of pplications such as smartphones, tablets, and wearable devices. However, the automotive segment is expected to witness the highest CAGR of 21.1% from 2021 to 2030. This is attributed to surge in usage of sensor fusion in autonomous vehicles. North America to Continue Its Lead Position By 2030 Based on region, North America contributed to the highest market share in 2020, holding nearly two-fifths of the global sensor fusion market, and is projected to continue its lead position by 2030. This is due to early adoption of technologies and the high penetration of sensor fusion in autonomous vehicles. However, Asia-Pacific is expected to portray the largest CAGR of 21.2% during the forecast period, owing to huge consumer base and high adoption of consumer devices. Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/13423 Leading Market Players
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: Similar Reports: IoT Sensors Market Projected to Hit $141.80 Billion By 2030 Radar Sensor Market Expected to Reach $33.14 Billion By 2030 Pressure Sensor Market Projected to Reach $24.84 Billion By 2027 Industrial Sensors Market Expected to Reach $35.47 Billion By 2027 Microelectromechanical System (MEMS) Sensor Market to Hit $60.6 Million By 2026 Torque Sensor Market to Anticipated to Grow $16.82 Billion By 2026 Sensor Market Anticipated to Grow $345.77 Billion By 2028 Fingerprint Sensor Market Projected to Hit $9.41 Billion By 2027 Pre-Book Now with 10% Discount: Navigation System Sensor Market: Global Opportunity Analysis and Industry Forecast 2021-2030 3D Image Sensor Market: Global Opportunity Analysis and Industry Forecast 2021-2030 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg |