Sensor Hub Market to Reach $32.5 Billion by 2023 - Key Players are Microchip Technology, NXP Semiconductors, STMicroelectronics, Robert Bosch GmbH & Intel Corp - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Sensor Hub Market - Global Forecast to 2023" report to their offering.

The sensor hub market is expected to reach USD 32.53 Billion by 2023, at a CAGR of 18.9% between 2017 and 2023.

The key driving factors for the growth of the sensor hub market are the growing 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 fast rate. However, 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.

The consumer electronics end-use application is expected to hold the largest share in the sensor hub market. This growth is attributed to the extensive use of sensor hubs in smartphones, tablets, smart TVs, wearables, and gaming consoles. All these devices use sensors for different activities such as 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 increasing importance of active safety application in automobiles for passenger safety and to meet the government safety norms.

Companies Mentioned

  • Analog Devices, Inc.
  • Broadcom Limited
  • Hillcrest Laboratories, Inc.
  • Imagination Technologies Group Plc
  • Ineda Systems Inc.
  • Infineon Technologies Ag
  • Intel Corporation
  • Invensense, Inc.
  • Lapis Semiconductor Co., Ltd.
  • Marvell Technology Group Ltd.
  • Maxim Integrated
  • Mediatek Inc.
  • Megachips Corporation
  • Memsic, Inc.
  • Microchip Corp.
  • Microchip Technology Inc.
  • Nxp Semiconductors N.V.
  • Qualcomm Technologies, Inc.
  • Quicklogic Corp
  • Quicklogic Inc
  • Renesas Electronics Corp.
  • Robert Bosch Gmbh
  • Rohm Co. Ltd.
  • Standing Egg Inc.,
  • Stmicroelectronics N.V.
  • Te Connectivity Corporation
  • Texas Instruments Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Sensor Hub Market, By Processor Type

7 Sensor Hub Market, By End-Use Application

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/l6xcjz/sensor_hub_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Hardware, Sensors , Processing Units

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Hardware, Sensors , Processing Units