A new market study, titled “Sensor Hub Market” has been featured on Market Research Future.
Market Research Future (MRFR) projects the sensor hub market 2020 to advance to a size of USD 33.77 Billion by 2023. It is also expected that the market can progress at a rate of 20.9% between 2017 and 2023, which is the appraisal period. We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
COVID-19 Impact Analysis
Since the SARS-CoV-2 outbreak, multiple companies have had to encounter tough decisions, with respect to financial decisions as well as cost-cutting measures that can ensure continuous flow of operations. The lockdown situation has been the short term impact of the novel coronavirus, which has led to a weaker demand from the hyperscale cloud service and smartphone providers. The plummeting demand has had a domino effect in the semiconductor industry, with the falling prices and vendors pulling back their current fab plans. COVID-19 outbreak has also led to shutting down of operations, e-commerce and retail stores, resulting in supply chains collapsing and creating a bigger gap between the demand and supply ratio.
Keeping in mind the long-term impact of COVID-19, governments across the globe are doing everything they can by coming up with favorable initiatives and policies such as exceptions in tax, financial packages as well as lower interest rate. The work from home strategies, which are the prevalent norm among companies at present and the emerging trend of the BYOD policies, can also induce demand for connected devices, computers, laptops, and various storage solutions in the post pandemic era. While the countries are rushing to achieve a COVID-19 breakthrough, the demand for sensor hub is expected to surge rapidly in the following period.
Growth Inducers and Key Barriers
In April 2020, CEVA Inc., a renowned licensor of smart sensing and wireless connectivity technologies, launched SensPro, which is touted to be the first high performance sensor hub that can handle a vast range of sensor fusion and sensor processing workloads for diverse devices such as AR/VR headsets, automotive, voice assistants, robotics, smartphones, and more. This is one instance of the many product launches currently taking place in the sensor hub market, which not only helps the company survive but also thrive. Product launches and similar strategies such as agreements and collaborations help the company improve its revenue stream and induce market growth as well.
The sensors hub market can also be bolstered by the escalating need for low power generating solutions in wearable and mobile devices. The demand for low power using mobile devices is quite high that can function for longer period at faster rate without less battery drainage. For this, mobile manufacturers are increasingly embedding their mobile devices with sensor hubs, since they help gather sensor data without using the main processor and helps save the device’s battery life.
The persistent surge in the need for solutions such as sustainable and renewable solar, biofuel energy can also drive the expansion rate of the market in the following period. The rising adoption of different types of latest technologies among consumers and the increasing popularity of wearable devices could also result in revenue generating opportunities for market vendors during the appraisal period.
Market Segmentation
The sensor hub industry has been considered for types, processor type, devices, applications and end-users.
The types of sensor hub available in the global market include gyro sensors, hall sensors, proximity sensors, temperature sensor, magnetic sensors and more.
The processors type-based categories are programmable and fixed logic, application sensor processor, sensor integrated microcontroller, discrete sensor processor and others.
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According to the new market research report "Sensor Hub Market by Processor Type (Application Sensor, Discrete Sensor, Sensor Integrated Microcontroller), End-Use Application (Consumer Electronics, Automotive, Industrial, Military, Healthcare), and Geography - Global Forecast to 2023", 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 devices.The application sensor processor segment is anticipated to hold the largest share in the sensor hub market.
This solution reduces the cost of the system by eliminating the need for a separate sensor data processor and reducing design built complexities.
This growth is attributed to the extensive use of discrete sensor processors in wearable devices.Get PDF Brochure:https://www.marketsandmarkets.com/requestsampleNew.asp?id=87471349The 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.North America is home to some of the prominent companies in the overall sensor hub market including Microchip Technology, Inc. (US), Analog Devices, Inc. (US), Qualcomm Incorporated (US), Intel Corporation (US), Acuity Brands (U.S.), Memsic, Inc. (US) and Texas Instruments Inc. (US).
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 devices.
Request Free Sample Pages of Report:https://www.marketsandmarkets.com/requestsampleNew.asp?id=87471349 Application sensor processor segment expected to be the largest market during the forecast period The application sensor processor segment is anticipated to hold the largest share in the sensor hub market.
Discrete sensor processor is expected to hold second-largest share in the sensor hub market during the forecast period.
This growth is attributed to the extensive use of discrete sensor processors in wearable devices.
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.
Global Sensor Hub Market, by Types (Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, Magnetic Sensors), by Processor Type, By Applications (Positioning and Navigation, Health and Fitness, Augmented Reality), by End Users (Commercial, Consumer, Government, Healthcare), By Region - Forecast 2023Sensor Hub Market : The Sensor Hub is a microcontroller unit that provides the information and knowledge through different sensors.
The global Sensor Hub had the market size $9.87 billion in 2016 and expected to reach at higher level in the forecast period.
The sensor hub is integrated as a system-on-chip (SoC) and is intended for a broad range of wearable health devices and applications.
This chip allows the phone to run advanced activity-recognition algorithms which allows users to check their notifications.
The study reveals that a sensor hub has a multiple sensors that uses a multipoint control unit, coprocessor or digital signal processor to compile and process data.
These sensors hub market is changing rapidly with the change in the technology.
The latest trending report Global Sensor Hub Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Sensor Hub market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 10.5% in the forecast period of 2020 to 2025 and will expected to reach USD 13320 million by 2025, from USD 8925.3 million in 2019.The Sensor Hub market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46286-sand-control-systems-industry-analysis-reportThe major players covered in Sensor Hub are: Analog Devices Rohm Texas Instruments Robert Bosch Invensense Microchip Infineon NXP Semiconductors STMicroelectronics Intel HiLLCrest Labs Memsic Quicklogic Broadcom Qualcomm TechnologiesBy Type, Sensor Hub market has been segmented into Application Sensor Processor Discrete Sensor Processor Sensor Integrated Microcontroller OthersBy Application, Sensor Hub has been segmented into: Consumer Electronics Automotive Military Healthcare Telecommunications OthersThe report offers in-depth assessment of the growth and other aspects of the Sensor Hub market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Sensor Hub Market @ https://www.decisiondatabases.com/contact/download-sample-46286The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Sensor Hub product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Sensor Hub, with price, sales, revenue and global market share of Sensor Hub in 2018 and 2019.Chapter 3, the Sensor Hub competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Sensor Hub breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Sensor Hub market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Sensor Hub sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Sensor Hub Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46286Other Reports by DecisionDatabases.com:Global USB Hubs Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Multichannel Marketing Hubs Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2024Global Hub Market by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
