Sensor Hub Market Size - Global Forecast to 2023

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MarketsandMarkets Presents

Sensor Hub Market Size - Global Forecast to
2023 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 https//www.marketsandmarkets.co
m/Market-Reports/sensor-hub-market-87471349.html
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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", published by
MarketsandMarkets, 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 the devices. Browse 95
market data tables and 39 figures spread through
149 pages and in-depth TOC on "Sensor Hub Market
- Global Forecast to 2023"
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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. 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. Ask PDF Brochure https//www.m
arketsandmarkets.com/pdfdownloadNew.asp?id8747134
9 Consumer electronics end-use application
expected to grow at the highest CAGR between 2017
and 2023 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.
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North America dominated the sensor hub market in
2016 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. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id874713
49 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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Target Audience of the Report Raw material and
manufacturing equipment suppliers Sensor hub
instrument original equipment manufacturers
(OEMs) Asset management consultants who
specialize in physical asset management Research
institutes and organizations Associations and
regulatory authorities related to plant
maintenance Government bodies, venture
capitalists, and private equity firms
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