SENSOR FUSION MARKET ANALYSIS
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 cameras, radars, and lights in the vehicles to be centralized is also expected to fuel growth of the sensor fusion market in this region.
On the basis of region, the global sensor fusion market is segmented into:
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