Overview:
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.
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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.
Sensor Hub Market Segmentation
The Sensor Hub Market has been segmented on the basis of types, processor type, devices, applications, end users and region. It has been observed that Consumer electronics holds the largest market share. While the government and defense has shown a tremendous growth in Sensor Hub devices. The analysis indicates that the Automotive is considering the next in the Sensor Hub for their regular use and would show a very high growth in the Sensor Hub market.
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.
Market Research Analysis:
On geographic basis, Sensor Hub market is studied in different regions as North America, United Kingdom, Europe, Asia-Pacific and Rest of world. It has been observed that United Kingdom is leading in the commercial electronic use of sensor hub while North America region is just chasing in the Sensor Hub market race and is growing with a high rate. It also holds the largest market share in the Sensor Hub market with the wide concern of Health and Fitness, positioning and navigations. The study shows that Europe region is also showing a positive curve in growth of the Sensor Hub market due to the increasing applications of Sensor Hub devices in commercial sector. The developing economies in Asia-pacific regions like China, Japan, India and others are showing high adoption in the Sensor Hub market.
Industry News:
In February 2019, VersaSense launched a new network-based solution that would be able to work without wires and in a cost-effective way. Its primary function would be capturing data from sensors and it can be deployed in high volume. The solution can be linked with cloud for better technological integration.
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Intended Audience
- System Security
- Original equipment manufacturers (OEMs)
- specialize physical Asset management
- Government bodies
- Sensor hub instrument
- Research organizations
- Technology investors
- Raw material and manufacturing equipment suppliers
- Research/Consultancy firms
- Analysts and strategic business planners
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