Global Sensor Hub Market Size Is Booming Worldwide with Share, Size, Top Key Players

Sensor Hub Market Size And Forecast

Sensor Hub Market size was valued at USD 18.77 Billion in 2020 and is projected to reach USD 73.77 Billion by 2028, growing at a CAGR of 18.67% from 2021 to 2028.

The growing adoption of advanced driver-assistance systems coupled with the rising awareness for the driver’s safety is likely to drive the growth of the market. The growing demand for smartphones with integrated sensors is propelling the global Sensor Hub Market forward. The growing awareness among the consumers and the increasing demand for the low power generating solution is fueling the growth of the market over the forecast period. The Global Sensor Hub Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Sensor Hub Market Definition

A sensor hub refers to a microcontroller unit or a coprocessor or DSP that assimilates data from different sensors and processes them. This reduces the workload that is performed by another device or CPU (central processing unit). It offers various benefits such as increased performance coupled with the saving of battery consumption. A sensor hub uses sensor fusion to turn raw sensor data into meaningful context. Sensor hubs are an idea that evolved from mobile devices that sensor fusion might be done on a secondary, lower-power microprocessor to save power on the main processor.

By freeing up processor bandwidth for other operations, you can improve power management without sacrificing performance. Based on processor type there are different types of the sensor hub such as Application Sensor Processor, Discrete Sensor Processor, Sensor Integrated Microcontroller, and Others. Discrete Sensor Processor is utilized primarily in areas of the audio signal, speech processing, RADAR, seismology, audio, SONAR, voice recognition, and some financial signals. For instance, Digital Signal Processing is utilized for speech compression for mobile phones, as well as speech transmission for mobile phones.

Global Sensor Hub Market Overview

The growing adoption of advanced driver-assistance systems coupled with the rising awareness for the driver’s safety is likely to drive the growth of the market. The growing demand for smartphones with integrated sensors is propelling the global Sensor Hub Market forward. Contextual and algorithmic awareness, as well as power management, are all provided by the sensor hub. Sensor hubs are in high demand as the need for smart devices with longer battery life increases. The growing awareness among the consumers and the increasing demand for the low power generating solution is fueling the growth of the market over the forecast period. The Sensor Hub Market is expected to grow owing to the rising need for low power generating solutions for a variety of mobile & wearable devices.

There is a growing need for low-power mobile devices that can function for extended periods of time without rapidly draining the battery. A sensor hub is being included in a variety of mobile manufacturing companies’ devices. The sensor hub continuously collects sensor data when the main CPU is inactive, extending the life of a mobile device’s battery. For example, Google launched the Android sensor hub which can be hooked directly into a phone’s sensors. Data from the gyroscope, fingerprint reader, accelerometer, and many other sensors can funnel into the small-scale processor running Google’s custom algorithms. This enables the Sensor Hub to interpret gestures and activities independently and can significantly extend battery life by consuming very little power.

QuickLogic Corporation also unveiled the S1 Wearable sensor hub, a context-aware and ultra-low-power sensor hub designed for next-generation advanced wearable applications. It may be used as a pedometer, with distinct step counts for walking and running, and it uses less power. However, the technical complexity of deploying a sensor hub is a factor limiting the growth of the sensors hub industry. Owing to the complexity of the technology, advanced level knowledge is required for the successful and efficient implementation of the sensor hub in a smartphone or wearable device. Furthermore, the growing popularity of wearable devices and the increasing use of smart equipment are factors that might provide high revenue opportunities for players in the target market. Furthermore, increased demand for various types of electronic equipment in emerging nations is likely to boost global market growth.

Global Sensor Hub Market Segmentation Analysis

The Global Sensor Hub Market is Segmented on the basis of Processor Type, End-Use Application, and Geography.

Sensor Hub Market, By Processor Type

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

Based on Processor Type, The market is segmented into Application Sensor Processor, Discrete Sensor Processor, Sensor Integrated Microcontroller, and Others. The discrete sensor processor dominated the Sensor Hub Market. This dominance is attributed to the utilization of discrete sensor processor hubs in wearable devices as well as the higher power-saving advantages offered by this processor type. The application sensor processor is anticipated to hold the larger size of the Sensor Hub Market during the forecast period.

Sensor Hub Market, By End-Use Application

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

Based on End-Use Application, The market is segmented into Consumer Electronics, Automotive, Industrial, Military, Healthcare, Telecommunications, and Others. The consumer electronics end-use application segment is the largest market for sensor hubs. This development is attributed to the extensive use of sensor hubs in smartphones, tablets, smart TVs, wearables, and gaming consoles. Sensors are used in all of these devices for a multitude of activities, including gesture recognition, image stabilization, navigation, motion-based gaming, and health monitoring.

Sensor Hub Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Sensor Hub Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the overall Sensor Hub Market. Because of the growing awareness of driver safety and the effect of regulations and safety ratings on original equipment manufacturers (OEMs), technologies like advanced driver-assistance systems (ADAS) are being widely adopted by manufacturers, propelling the Sensor Hub Market in this region. The United States is a significant market in North America for sensor hub solutions for consumer electronics and vehicle OEMs. North America is a major distribution center for consumer electronics products, particularly smartphones and wearable devices that heavily rely on sensor hub technology.

Key Players

The “Global Sensor Hub Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as InvenSense, Inc., Analog Devices, Inc., Intel Corp, Robert Bosch GmbH, STMicroelectronics N.V., NXP Semiconductors N.V., Microchip Technology, Inc., Memsic, Inc., Infineon Technologies AG, and RoHM Co. Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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