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. 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.
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The 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). This is the major reason for its dominance in the sensor hub market. Growing demand for home automation products and health monitoring devices are the factors boosting the growth of the sensor hub market in the US. North America is an important hub for consumer electronics products, especially smartphones and wearable devices, which prominently use the sensor hub technology. This region has the highest number of end users for healthcare wearable devices. This market is expected to grow at a steady pace during the forecast period.
Major players involved in the sensor hub market include Microchip Technology, Inc.(US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), NXP Semiconductors N.V.(Netherland), RoHM Co. Ltd. (Japan), Analog Devices, Inc.(US), InvenSense, Inc. (US), Intel Corp (US), Infineon Technologies AG (Germany), RoHM Co. Ltd. (Japan) and Memsic, Inc. (US).
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Sensor Hub market was valued at 9210 Million US$ in 2018 and is projected to reach 38000 Million US$ by 2025, at a CAGR of 19.4% during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Sensor Hub.A sensor hub is a microcontroller unit/coprocessor/DSP that helps to integrate data from different sensors and process them.
This technology can help off-load these jobs from a product's main central processing unit, thus saving battery consumption and providing a performance improvement.North America dominated the overall sensor hub market in 2017.
The US is an important market in North America that provides sensor hub solutions to OEMs of consumer electronics and automobiles.
North America is an important hub for consumer electronics products, especially for smartphones and wearable devices, which prominently use the sensor hub technology.
This region has the highest number of end users for healthcare wearable devices.This report presents the worldwide Sensor Hub market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:Analog DevicesRobert BoschMicrochipTexas InstrumentsSTMicroelectronicsNXP SemiconductorsInvensenseRohmIntelInfineonMemsicBroadcomQualcomm TechnologiesQuicklogicHiLLCrest LabsReport Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-sensor-hub-2025-890/?utm_source=openPR_Nikhil Agrawal_medium=ReferralSensor Hub Breakdown Data by TypeApplication Sensor ProcessorDiscrete Sensor ProcessorSensor Integrated MicrocontrollerOthersSensor Hub Breakdown Data by ApplicationConsumer ElectronicsAutomotiveMilitaryHealthcareTelecommunicationsOthersSensor Hub Production by RegionUnited StatesEuropeChinaJapanSouth KoreaOther RegionsThe study objectives are:To analyze and research the global Sensor Hub status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Sensor Hub manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Sensor Hub :History Year: 2014 - 2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019 - 2025This report includes the estimation of market size for value (million USD) and volume (K Units).
Sensor Hub MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Sensor Hub Market.
The growth sectors of the Sensor Hub Market are identified with precision for a better growth perspective.A sensor hub refers to a microcontroller unit that provides information and knowledge through the use of different sensors.
Market Research Future (MRFR) has recently suggested that the global sensor hub market is likely to garner a market revenue valuation of a higher value, from USD 9.87 billion at the beginning of the forecast period.
Upscaling consumer demand, algorithm and contextual awareness, cost of components, connectivity, always-on sensing, and a higher need for power management are some of the primary drivers of the global sensor hub market over the review period.FREE Sample@ Read on marketresearchfuture.comFurthermore, the demand for sensor hubs is anticipated to proliferate significantly owing to the elements used for low-power sensor processing tasks.
A sensor hub is integrated as a system-on-chip (SoC) and has applications in a range of wearable health devices and applications.
Similarly, Gyro sensors, hall sensors, proximity sensors, magnetic sensors, and temperature sensors are widely used in various smartphones.
We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.COVID-19 Impact AnalysisSince the SARS-CoV-2 outbreak, multiple companies have had to encounter tough decisions, with respect to financial decisions as well as cost-cutting measures that can ensure continuous flow of operations.
COVID-19 outbreak has also led to shutting down of operations, e-commerce and retail stores, resulting in supply chains collapsing and creating a bigger gap between the demand and supply ratio.Related Article@ https://www.abnewswire.com/pressreleases/covid19-impact-on-sensor-hub-market-analysis-by-size-share-future-scope-emerging-trends-sales-revenue-top-leaders-and-regional-forecast-to-2023_488941.htmlKeeping in mind the long-term impact of COVID-19, governments across the globe are doing everything they can by coming up with favorable initiatives and policies such as exceptions in tax, financial packages as well as lower interest rate.
The work from home strategies, which are the prevalent norm among companies at present and the emerging trend of the BYOD policies, can also induce demand for connected devices, computers, laptops, and various storage solutions in the post pandemic era.
While the countries are rushing to achieve a COVID-19 breakthrough, the demand for sensor hub is expected to surge rapidly in the following period.
Growth Inducers and Key Barriers In April 2020, CEVA Inc., a renowned licensor of smart sensing and wireless connectivity technologies, launched SensPro, which is touted to be the first high performance sensor hub that can handle a vast range of sensor fusion and sensor processing workloads for diverse devices such as AR/VR headsets, automotive, voice assistants, robotics, smartphones, and more.
This is one instance of the many product launches currently taking place in the sensor hub market, which not only helps the company survive but also thrive.
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.
The global Sensor Hub had the market size $9.87 billion in 2016 and expected to reach at higher level in the forecast period.
Likewise, Gyro sensors, hall sensors, proximity sensors, temperature sensor, magnetic sensors and among others are various sensors are widely used in the smartphone.
The smartphone processor that connects to the camera's sensors helps to reduce the power consumption.
Smart watches will likely follow trends using sensor hubs with a higher penetration of MCU due to tighter power-saving requirements.
Smartphones, tablets, and other wireless digital devices are including various sensors that provide position, direction, altitude, proximity, and touch-sensing capabilities.The global The Sensor Hub Market is expected to grow at USD ~$33.77 Billion by 2023, at ~20.9% of CAGR between 2017 and 2023.Key Players The prominent players in the Sensor Hub Market are –Texas Instruments Inc. (U.S), STMicroelectronics N.V. (Switzerland), NXP .Semiconductors N.V (Netherland), Invensense, Inc. (U.S), Rohm Co. Ltd. (Japan), Intel Corporation (U.S), Infineon Technologies AG (Germany), Memsic, Inc. (US), Microchip Technology Inc. (US), Robert Bosch GmbH (Germany), Analog Devices, Inc.(U.S), Broadcom .Limited (U.S), and Qualcomm Technologies (U.S) among others.Segments:The global Sensor Hub market has been segmented on the basis of types, processor type, devices, applications, end users and region.Sensor Hub Market by Types:Gyro SensorsHall SensorsProximity SensorsTemperature SensorMagnetic SensorsOthersSensor Hub Market by Processor Type:Programmable and fixed logicApplication Sensor ProcessorSensor Integrated MicrocontrollerDiscrete Sensor ProcessorOthersSensor Hub Market by Devices:Smart phonesTabletsWearable devicesIoT and connected devicesOthersSensor Hub Market by Applications:Positioning and NavigationHealth and FitnessAugmented Reality and GamingActivity monitoringVoice commandGestures navigationsOthersSensor Hub Market by End Users:Consumer electronicsCommercialHealthcareMedia and entertainmentEducationsAutomotiveGovernment & DefenseTelecommunicationsOthersSensor Hub Market by Region:North AmericaEuropeUnited KingdomAsia Pacific (APAC)Rest of the World (ROW)Regional Analysis:The regional analysis of Sensor Hub Market is being studied for region such as Asia pacific, North America, U.K, Europe and Rest of the World.
Along with this some of the other company including Samsung, Apple and Motorola have already been using sensor hubs in their smartphone.
