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Sensor Hub Market by Processor Type, End-Use Application, and Geography - Global Forecast to 2023

Sensor Hub Market: Global Forecast until 2023

  • June 2017
  • 151 pages
  • ID: 4950106
In this report:
The sensor hub market for military end-use application in North America registered a shipment of ##.## million units in 2016 and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% between 2017 and 2023.
The sensor hub market for industrial end-use application in North America registered a shipment of ##.## million units in 2016 and is expected to reach USD ##.## million units by 2023, at a CAGR of ##.##% between 2017 and 2023.

Summary

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"Sensor hub market likely to exhibit significant increase potential between 2017 and 2023"

The sensor hub market is anticipated to be valued at ~$32.5B by 2023, increasing at a compound annual growth rate (CAGR) of 18.90 percent between 2017 and 2023. The top driving factors for the increase ot the sensor hub market are the increasing need for low power generating solutions. The consumer electronics end-use application requires low power utilizing devices, which can function for a long duration without draining the battery at a quick rate. Nevertheless, the hardware/architecture complexity to integrate multiple sensors with microcontrollers and manage it requires a huge effort and advanced programming skills, thereby making it difficult to integrate sensor hubs into low range smartphones.

"Application sensor processor segment is anticipated to increase at the highest level rate during the outlook period"

The application sensor processor segment is anticipated to rise at the maximal rate during the estimate period due to its space saving nature that reduces the component count of the device. The application sensor processor is being deployed by a big number of smartphone manufacturers including Apple, Incorporated.

"Consumer electronics is intended to hold the most important share of the sensor hub market for end-use application during the outlook period"

The consumer electronics end-use application is forecasted to hold the biggest share in the sensor hub market. This increase is assigned to the extensive use of sensor hubs in smartphones, tablets, smart TVs, wearables, and gaming consoles. All these devices use sensors for distinct activities including gesture recognition, image stabilization, navigation, motion-based gaming, and health monitoring. The sensor hub market for automotive end-use application held the second-largest share after the consumer electronics end-use application due to the growing importance of active safety application in automobiles for passenger safety and to meet the government safety norms.

"APAC is anticipated to be the quickest developing market during the estimate period"

The sensor hub market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period as this area is one of the most important manufacturing hubs for consumer electronics and automobile production in the globe. China (CN) maintains the main share of the sensor hub market in Asia-Pacific, as the area is the biggest producer of smartphones and automobile systems, which are integrated with sensor hub products.

Breakdown of the profiles of primary members taking part for the study:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite executives - 63.0 percent, and Directors - 37.0 percent

• By Area: North America continent - 33.0 percent, EU - 23.0 percent, Asia-Pac - 32.0 percent, and rest of the world - 12.0 percent

The top players in the sensor hub market contain Microchip Technology, Incorporated, STMicroelectronics (NYSE:STM), Robert Bosch (RBOS), NXP Semiconductors (NASDAQ:NXPI), RoHM Co. Ltd., Analog Devices (NASDAQ:ADI), InvenSense, Incorporated, Infineon Technologies (ETR:IFX), and Memsic, Incorporated.

Segment Research

The research report on the global sensor hub market is split on the basis of processor type, end-use application, and area. On the basis of processor type, the sector is divided into discrete sensor processor, application sensor processor, sensor integrated microcontroller, and others. Established on end-use application, the sector has been broken down into consumer electronics, automotive, industrial, military, telecommunications, healthcare, and others. The analysis includes four main regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

The market research includes the illustrative segmentation, study, and forecast of the market established on processor type, end-use application, and area.

The main drivers, market restraints, alternatives, and opportunities for the sensor hub market have been precised in this industry report.

The in-depth competitive landscape includes top players, complete study, and market share of the main actors.

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