Data Bridge Market Research study additionally means that the Sensor Hub Market is relied upon to develop at a high rate because of rising need of versatility administrations and high utilizations of Sensor Hub gadgets in the business division and the minimal effort goes about as favorable position to the Sensor Hub advertise.
Pune, India -- (SBWIRE) -- 02/16/2018 -- "Global Sensor Hub Market" added by Data Bridge Market Research. Market segmented By Types (Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, Magnetic Sensors), By Process type (Application Sensor Processor, Discrete Sensor Processor, Sensor Integrated Microcontroller) By Application (Consumer Electronics, Automotive, Industrial, Telecommunications, Military, Healthcare) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)" – Industry Trends and Forecast to 2024
The new report Global Sensor Hub Market accounted to USD 10.0 billion in 2016 growing at a CAGR of 19.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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A sensor hub is a microcontroller unit 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. The latest trend in this market is need for low power generating solution, increasing number of integrated sensors in smartphones is making this market grow. There is need of sensor hub for several industries like Consumer Electronics, Automotive, Industrial, Telecommunications, Military, Healthcare will create a huge market for the sensor hub.
Top Market:
- Analog Devices, Inc.,
- Robert Bosch Gmbh,
- Microchip Technology Inc.,
- Texas Instruments Incorporated,
- Stmicroelectronics N.V.,
- Nxp Semiconductors N.V.,
- Invensense, Inc.,
- Rohm Co., Ltd.,
- Intel Corporation,
- Infineon Technologies Ag,
- Memsic, Inc.,
- Broadcom Limited,
- Qualcomm Technologies, Inc.,
- Among Others
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Market Segmentation: Global Sensor Hub Market
On the basis of type the sensor hub market is segmented into Synchronous Gyro Sensors, Hall Sensors, Proximity Sensors, Temperature Sensor, and Magnetic Sensors. The proximity sensor market is expected to grow in the forecasted period.
On the basis of process type the sensor hub market is segmented into Application Sensor Processor, Discrete Sensor Processor, and Sensor Integrated Microcontroller. The sensor integrated microcontroller market is expected to grow in the forecasted period.
On the basis of application the sensor hub market is segmented into Consumer Electronics, Automotive, Industrial, Telecommunications, Military, and Healthcare. The military market is expected to grow in the forecasted period.
Important Drivers: Global Sensor Hub Market
- Need for low power generating solutions
- Increasing number of integrated sensors in smartphones
- Increasing Use of 6-Axis and 9-Axis Sensor Solutions
- Advancements in Consumer Electronics like Wearable Devices
- Application Processor-Based Sensor Hubs
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