Sensor hub is a microcontroller unit that uses various sensors to provide information. It can be a system-on-chip with ability to provide information as a wearable device. The sensor hub industry finds prolific use in the smartphone sector as the latter uses several types like gyro sensors, proximity sensors, temperature sensor, hall sensors, magnetic sensors, and others. Advanced algorithms are used for message updates. The global sensor hub market is getting driven by such applications in diverse sectors owing to which scaling of USD 33.77 billion with a CAGR of 20.9% during the forecast period (2017–2023) seems to be achievable.
The sensor hub industry is getting traction from several sectors such as electronics and smart technologies. In healthcare, its percolation is mostly due to wearable technologies. Advanced technologies have made it easy to monitor patients which is subsequently providing traction to sensor hub market. Its projected leap from USD 9.87 billion in 2016 is indicative of its growing popularity.
Segmental Analysis:
The global sensor hub market has been segmented on the basis of type, processor type, device, application, and end-user.
Based on the types, the sensor hub market constitutes gyro sensors, hall sensors, proximity sensors, temperature sensor, magnetic sensors, and others.
Based on the processor type, the sensor hub market can be segmented into programmable & fixed logic, application sensor processor, sensor integrated microcontroller, discrete sensor processor, and others.
Based on the devices, the sensor hub market comprises smartphones, tablets, wearable devices, IoT & connected devices, and others.
Based on the applications, the sensor hub market can be segmented into positioning & navigation, health & fitness, augmented reality & gaming, activity monitoring, voice command, gestures navigations, and others.
By end-users, the sensor hub market can be segmented into consumer electronics, commercial, healthcare, media & entertainment, educations, automotive, government & defense, telecommunications, and others. The consumer electronics segment is expecting substantial growth during the forecast period.
Regional Analysis:
MRFR in their sensor hub market analysis included Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW). This regional analysis is targeting mostly the growth pockets that it can reveal to make a comprehensive understanding of the market much easier.
The market in North America is leading and is making substantial changes to the product accordingly. The region is the global hub for all kinds of technology both in terms of implementation and integration. Several market giants are from the region owing to which the market is bound to gain substantially from their expenditure during the forecast period.
Europe’s market is also showing a similar surge in the sector owing to the presence of several economically advanced countries. These countries are Germany, France, the U.K., Spain, and others. Their presence, along with several upgrades in software, and major companies like Bosch Sensortec (Germany) are expected to drive the market.
In the APAC, the market is getting much traction from countries such as India, Japan, China, South Korea, Taiwan, and others. Several technologies such as navigation-satellite-system-integrated sensor hub from Broadcom in its Note 4 and S6 smartphones are fast becoming examples of growth that the region is expecting.
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According to the new market research report "Sensor Hub Market by Processor Type (Application Sensor, Discrete Sensor, Sensor Integrated Microcontroller), End-Use Application (Consumer Electronics, Automotive, Industrial, Military, Healthcare), and Geography - Global Forecast to 2023", the sensor hub market was valued at USD 9.87 Billion in 2016 and is expected to reach USD 32.53 Billion by 2023, at a CAGR of 18.9% during the forecast period.
The sensor hub market is driven by factors such as the steady growth in the number of integrated sensors in smartphones and the increasing use of 6-axis and 9-axis sensor solutions or use of sensor fusion within devices.The application sensor processor segment is anticipated to hold the largest share in the sensor hub market.
This solution reduces the cost of the system by eliminating the need for a separate sensor data processor and reducing design built complexities.
This growth is attributed to the extensive use of discrete sensor processors in wearable devices.Get PDF Brochure:https://www.marketsandmarkets.com/requestsampleNew.asp?id=87471349The sensor hub market for the consumer electronics end-use application is expected to grow at the highest CAGR during the forecast period.
This growth is attributed to the increasing use of sensors in consumer electronics devices, including smartphones, tablets, wearables, and gaming equipment.
The sensor hub technology is used in these devices to provide logical on-loading and offloading of different sensors used for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.North America is home to some of the prominent companies in the overall sensor hub market including Microchip Technology, Inc. (US), Analog Devices, Inc. (US), Qualcomm Incorporated (US), Intel Corporation (US), Acuity Brands (U.S.), Memsic, Inc. (US) and Texas Instruments Inc. (US).
The sensor hub market is driven by factors such as the steady growth in the number of integrated sensors in smartphones and the increasing use of 6-axis and 9-axis sensor solutions or use of sensor fusion within devices.
Request Free Sample Pages of Report:https://www.marketsandmarkets.com/requestsampleNew.asp?id=87471349 Application sensor processor segment expected to be the largest market during the forecast period The application sensor processor segment is anticipated to hold the largest share in the sensor hub market.
Discrete sensor processor is expected to hold second-largest share in the sensor hub market during the forecast period.
This growth is attributed to the extensive use of discrete sensor processors in wearable devices.
This growth is attributed to the increasing use of sensors in consumer electronics devices, including smartphones, tablets, wearables, and gaming equipment.
The sensor hub technology is used in these devices to provide logical on-loading and offloading of different sensors used for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.
Global Sensor Hub Market, by Types (Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, Magnetic Sensors), by Processor Type, By Applications (Positioning and Navigation, Health and Fitness, Augmented Reality), by End Users (Commercial, Consumer, Government, Healthcare), By Region - Forecast 2023Sensor Hub Market : The Sensor Hub is a microcontroller unit that provides the information and knowledge through different sensors.
The global Sensor Hub had the market size $9.87 billion in 2016 and expected to reach at higher level in the forecast period.
The sensor hub is integrated as a system-on-chip (SoC) and is intended for a broad range of wearable health devices and applications.
This chip allows the phone to run advanced activity-recognition algorithms which allows users to check their notifications.
The study reveals that a sensor hub has a multiple sensors that uses a multipoint control unit, coprocessor or digital signal processor to compile and process data.
These sensors hub market is changing rapidly with the change in the technology.
The latest trending report Global Sensor Hub Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Sensor Hub market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 10.5% in the forecast period of 2020 to 2025 and will expected to reach USD 13320 million by 2025, from USD 8925.3 million in 2019.The Sensor Hub market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46286-sand-control-systems-industry-analysis-reportThe major players covered in Sensor Hub are: Analog Devices Rohm Texas Instruments Robert Bosch Invensense Microchip Infineon NXP Semiconductors STMicroelectronics Intel HiLLCrest Labs Memsic Quicklogic Broadcom Qualcomm TechnologiesBy Type, Sensor Hub market has been segmented into Application Sensor Processor Discrete Sensor Processor Sensor Integrated Microcontroller OthersBy Application, Sensor Hub has been segmented into: Consumer Electronics Automotive Military Healthcare Telecommunications OthersThe report offers in-depth assessment of the growth and other aspects of the Sensor Hub market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Sensor Hub Market @ https://www.decisiondatabases.com/contact/download-sample-46286The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Sensor Hub product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Sensor Hub, with price, sales, revenue and global market share of Sensor Hub in 2018 and 2019.Chapter 3, the Sensor Hub competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Sensor Hub breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Sensor Hub market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Sensor Hub sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Sensor Hub Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46286Other Reports by DecisionDatabases.com:Global USB Hubs Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Multichannel Marketing Hubs Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2024Global Hub Market by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
