The global Sensor Hub Market was valued at USD 9.56 billion in 2016 and is projected to reach USD 44.6billion by 2025, growing at a CAGR of 18.67% from 2017 to 2025.
A sensor hub is a microcontroller unit/coprocessor/DSP that helps to integrate data from different sensors and process them. This technology can help off-load these jobs from a product’s main central processing unit, thus saving battery consumption and providing a performance improvement.
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1. Market Drivers
1.1 Demand for low power generating solutions
1.2 Increasing use of integrated sensors in smart phones
1.3 Growing applications of 6-Axis and 9-Axis Sensor Solutions Or Use of Sensor Fusion Within Devices
2. Market Restraints
2.1 Complicated Debugging Field Issues
1. Global Sensor Hub Market, by End-Use Application:
1.4 Consumer Electronics
2. Global Sensor Hub Market, by Processor Type:
2.1 Application Sensor Processor
2.2 Discrete Sensor Processor
2.3 Sensor Integrated Microcontroller
3. Global Sensor Hub Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Analog Devices, Inc.
2. Robert Bosch GmbH
3. Microchip Technology Inc.
4. Texas Instruments Incorporated
5. Stmicroelectronics N.V.
6. NXP Semiconductors N.V.
7. Invensense, Inc.
8. Rohm Co., Ltd.
9. Intel Corporation
10. Infineon Technologies AG
11. Memsic, Inc.
12. Broadcom Limited
13. Qualcomm Technologies, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Sensor Hub Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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