Sensor Hub Market Pulling Towards 32.53 Billion

According to the research report "Sensor Hub Market by Processor Type, End-Use Application, and Geography - Global Forecast to 2023", published by MarketsandMarkets, the sensor hub market was valued at USD 9.87 Billion in 2016 and is expected to reach USD 32.53 Billion by 2023, at a CAGR of 18.9% during the forecast period. The sensor hub market is driven by factors such as the steady growth in the number of integrated sensors in smartphones and the increasing use of 6-axis and 9-axis sensor solutions or use of sensor fusion within the devices.

  • Application sensor processor segment expected to be the largest market during the forecast period
  • Consumer electronics end-use application expected to grow at the highest CAGR between 2017 and 2023
  • North America dominated the sensor hub market in 2016"
  • Major players involved in the sensor hub market 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), Intel Corp (US), Infineon Technologies AG (Germany), RoHM Co. Ltd. (Japan) and Memsic, Inc. (US).

 

Browse 95 market data tables and 39 figures spread through 149 pages and in-depth TOC on "Sensor Hub Market - Global Forecast to 2023" at http://www.marketsandmarkets.com/Market-Reports/sensor-hub-market-87471349.html

Suggested Articles

An accelerometer measures the rate of change of an object’s velocity to monitor its movement.

From cell phones to industrial manufacturing, knowing when an object (or a person!) is nearby is a basic sensing requirement.

Compact and rugged sensors from Balluff monitor temperature of fluids and compressed air.