The Europe Sensor Fusion Market would witness market growth of 17.3% CAGR during the forecast period (2021-2027).
Sensor fusion could be used by a vehicle to combine data from many sensors of the same sort, such as radar. Taking advantage of slightly overlapping areas of view would improve perception. More than one sensor will detect objects at the same time because numerous radars are monitoring the area around a vehicle. Detections from those many sensors can be overlapped or merged using global 360° perception software, boosting the detection probability and reliability of things around the vehicle and producing a more accurate and trustworthy picture of the environment.
Previously, the computing power required to evaluate sensor data in order to discern and track objects was packed with cameras or radars. The processing capacity is centralised into a more powerful active safety domain controller with various satellite architecture method, allowing low-level sensor data to be collected from each sensor and fused in the domain controller
The strong automotive sector of this region is supporting the demand for various components based on sensor fusion. For example, Continental AG is investigating the application of artificial intelligence in sensor fusion offerings and contributing its extensive understanding of sensor technology and electronic control units to the development process. This region is popular for its high technological advancements in automobiles, which would create opportunities for the sensor fusion manufacturers to enter this region and expand their business.
The Germany market dominated the Europe Sensor Fusion Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $625.9 million by 2027. The UK market would witness a CAGR of 16.4% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 18.1% during (2021 - 2027).
Based on Technology, the market is segmented into MEMS and Non-MEMS. Based on Type, the market is segmented into IMU, Radar Sensors, Image Sensors, Temperature Sensors, and Others. Based on End User, the market is segmented into Consumer Electronics, Healthcare, Military & Defense, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Sensor Fusion Market Size will Hit $10 Billion by 2027, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Renesas Electronics Corporation, TDK Corporation (InvenSense, Inc.), STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Asahi Kasei Corporation, Robert Bosch GmbH, CEVA, Inc., and MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.).
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