SAN FRANCISCO, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Sensor Fusion – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 6; Released: January 2022
Executive Pool: 481
Companies: 32 – Players covered include Analog Devices, Inc.; Asahi Kasei Microdevices Corporation; BASELABS GmbH; Bosch Sensortec GmbH; Hillcrest Laboratories, Inc.; InvenSense, Inc.; Kionix, Inc.; MEMSIC, Inc.; NXP Semiconductors NV; Renesas Electronics Corporation; Senion AB; STMicroelectronics NV and Others.
Coverage: All major geography and key segments
Segments: Product (Inertial Combo Sensors, Radar+Image Sensors, IMU+GPS, Other Products); Technology (MEMS, Non-MEMS)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of the World.
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Global Sensor Fusion Market to Reach $10.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Sensor Fusion estimated at US$3.8 Billionis projected to reach a revised size of US$10.8 Billion by 2026, growing at a CAGR of 19% over the analysis period. MEMS, one of the segments analyzed in the report, is projected to record a 17.9% CAGR and reach US$7.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-MEMS segment is readjusted to a revised 20.9% CAGR for the next 7-year period.
The US Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.9 Billion by 2026
The Sensor Fusion market in the US is estimated at US$1.4 Billion in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.