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facing 3D sensor for face ID, which is a facial-recognition system that replaces the fingerprint
sensor for unlocking the handset.
Furthermore, smart phones are integrated with different types of sensors such as accelerometer,
gyroscope, magnetometer, proximity, and pressure sensors where each sensor generates data
individually, thereby increasing the demand for data security. For instance, according to Coherent
Market Insights’ analysis, in July 2017, the number of cybercrime cases raised to 84.1% from
68.8%. Cyber Espionage reduced to 10.1% from 15.6% in June whereas Cyber Warfare plummets
to 4.3% from 9.4%. Therefore, increasing cases of cybercrime will force the manufactures of
smart phones to centralize the data generated by the sensors to strengthen their data security.
This is expected to drive growth of the sensor fusion market over the forecast period.
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Increasing complexity of the sensor fusion system and software is one of the major
factors that hamper growth of the market
The rising complexity in the algorithm of sensor fusion system and software, which will, in turn
increase the software overhead expenses and additional processing capabilities is one of the
major factors that is expected to hamper growth of the market over the forecast period.
Non-MEMS segment is projected to exhibit highest CAGR over the forecast period.
On the basis of technology, non- MEMS segment is expected to exhibit highest CAGR during the
forecast period, owing to the rising demand for image and radar based products to improve the
safety system in the vehicles, as the level of complexity is very high while integrating it to
automotive applications such as lights and engine when compared to the other sensors.
Therefore, this factor is expected to propel growth of the market during the forecast period.
Global Sensor Fusion Market: Regional Insights
North America accounted for the largest share in the global sensor fusion market in 2016 and
this region is expected to dominate the global market by 2028. The increasing adoption of
sensors in various fields such as medical, consumer electronics, and automotive is one of the
major factors driving growth of the market in this region. For instance, according to the
International Energy Agency (IEA) analysis, the total sales of electric vehicles in the U.S. in 2015
was US$ 130 billion, which increased up to US$ 150 billion in 2016. The rising demand for
electric vehicles is increasing the demand for sensors in the automotive sector. Therefore, the
rising demand for the data generated by the sensors used in various applications such as