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3. Sensor Fusion Companies - STMicroelectronics (Switzerland) and InvenSense, Inc. (US) are the Leading Manufacturers

The sensor fusion market is projected to grow from USD 8.0 billion in 2023 to USD 18.0 billion by 2028, registering a CAGR of 17.8% during the forecast period. Increasing demand for integrated sensors in smartphones and the growing trend of miniaturization in electronics are expected to propel the sensor fusion market in the next five years. However, the lack of standardization in MEMS and sensor fusion systems will likely pose challenges for the industry players.

Major Sensor Fusion Suppliers Include: 

• STMicroelectronics (Switzerland),
• InvenSense, Inc. (US),
• NXP Semiconductors N.V. (Netherlands),
• Infineon Technologies (Germany),
• Bosch Sensortec GmbH (Germany),
• Analog Devices, Inc. (US),
• Renesas Electronics Corporation. (Japan),
• Amphenol Corporation (US),
• Texas Instruments (US), and
• Qualcomm Technologies, Inc. (US), among others.

Major strategies adopted by top players to enhance their product portfolios, increase their market share, and expand their presence in the market include new product launches and deals such as acquisitions and partnerships.

To know about the assumptions considered for the study download the pdf brochure

STMicroelectronics is a leader in various semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. The company designs, develops, manufactures, and markets a broad range of products used in various applications, including: automotive, industrial, personal electronics and communications equipment, computers and peripherals. STMicroelectronics operates through three primary business segments: Automotive and Discrete Group (ADG), Analog, MEMS and Sensors Group (AMS), and Microcontrollers and Digital ICs Group (MDG).

InvenSense, Inc. was founded in 2003 and is headquartered at San Jose, California, U.S. InvenSense Inc (InvenSense), a subsidiary of TDK Corp,, a technology company offering sensor systems. The company provides MEMS motion sensors such as gyroscopes, compasses, accelerometers, pressure sensors, and microphones for mobile, wearable, smart home, industrial, and automotive markets. It markets its products under the brands SmartMotion, SmartSound, SmartEnviro, and SmartAutomotive. The company offers SoC with “always on” solutions to provide a complete sensing experience with low-power consumption for motion tracking and microphone portfolio. InvenSense delivers solutions based on motion and sound technology to wearables, consoles and smartphones, tablets, smart remote controls, automotive, fitness accessories, drones, sports equipment, and digital still cameras. The company caters to manufacturers of consumer electronics devices, contract manufacturers, and original design manufacturers.

Infineon Technologies AG (Infineon) is a provider of semiconductor solutions. Through its subsidiaries, the company designs, develops, manufactures, and markets application-specific ICs, automotive system ICs, diodes, evaluation boards, electrostatic discharge protection, and electromagnetic interference protection products. It offers microcontrollers, radio frequency and wireless controls, security ICs, smart card ICs, sensors, interfaces, and transistor products. In addition, Infineon offers you a broad portfolio of high-performance semiconductor solutions for sensor fusion applications.

Related Reports:

Sensor Fusion Market by Algorithms (Kalman Filter, Bayesian Filter, Central Limit Theorem, Convolutional Neural Networks), Technology (MEMS, Non-MEMS), Offering (Hardware, Software), End-Use Application and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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