Application Sensor Processor is Expected to Hold Largest Size of Sensor Hub Market During Forecast 2023

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 growth of this market is propelled by the steady growth in the number of integrated sensors in smartphones, the need for a low-power solution, and the use of sensor fusion in devices.
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).
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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.
The discrete sensor processor dominated the sensor hub market in 2016. This dominance is attributed to the use 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 expected to hold the largest size of the sensor hub market during the forecast period as it is being deployed by a large number of smartphone manufacturers such as Apple, Inc. (US).
Consumer electronics end-use application expected to grow at the highest CAGR between 2017 and 2023
The sensor hub market for the consumer electronics end-use application is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing use of sensors in consumer electronics devices, including smartphones, tablets, wearables, and gaming equipment. The sensor hub technology is used in these devices to provide logical on-loading and offloading of different sensors used for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.
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