Global Sensor Hub Market Expected to Grow at a CAGR of 18.9% – Forecast 2023

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The global Sensor Hub Market was valued at USD 9.87 Billion in 2016 and is expected to grow at a CAGR of 18.9% during the forecast period. The factors such as the significantly growing need for low power generating solutions, steady growth in the number of integrated sensors in smartphones and increasing use of 6-axis and 9-axis sensor solutions or use of sensor fusion within devices are expected to drive the growth of the sensor hub market. The base year considered for the study is 2016 and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the sensor hub market, based on processor type, end-use application, and region. The report provides detailed information on the major factors influencing the growth of the sensor hub market.

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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The sensor hub market ecosystem comprises interface manufacturers, system integrators, and distributors. Players involved in the development of sensor hub 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), Infineon Technologies AG (Germany), and Memsic, Inc. (US).

Scope of the Report:

This research report categorizes the overall sensor hub market by processor type, end-use application, and region.

Sensor Hub Market, by Processor Type:

  • Application Sensor Processor
  • Discrete Sensor Processor
  • Sensor Integrated Microcontroller
  • Others

Sensor Hub Market, by End-Use Application:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Military
  • Healthcare
  • Telecommunications
  • Others

Sensor Hub Market, by Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Technical complexity in sensor hub deployment is one of the major challenge witnessed by the sensor hub market. There is a need for advanced technical expertise for the effective deployment of sensor hubs in products. Thus, emphasis needs to be given on the ease of integration of sensors with microcontrollers as well as complete sensor hub systems for the growth of the sensor hub market.

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