Sensor hub is a term used to describe a low power microcontroller unit (MCU), which helps in the management of sensor functions. A sensor hub saves battery consumption and enhances the performance of a device by off-loading vacant sensors (which are not being used) from a products main central processing unit. With the rising use of handsets and tablets using sensors, such as motion sensors, microphones, and light sensors, the need for a low-power solution has become crucial. The overall 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 growing need for low power generating solutions is one of the major factor driving the growth of the overall sensor hub market. The sensor hub market is expected to witness many growth opportunities during the forecast period due to the high growth of the wearable devices segment and application processor (AP)-based sensor hubs.
In 2016, Microchip Technology, Inc. (US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), and Analog Devices, Inc. (US) were among the major market players in the sensor hub market. These companies operate globally and provide sensor hub systems. These companies rely on their research and development (R&D) capabilities and have a balanced product portfolio with technological advancements, thereby holding a large share in the sensor hub market.
Microchip Technology, Inc., was the leading company in the sensor hub market in 2016. The company is engaged in developing and manufacturing semiconductor products. Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost, and faster time to market for thousands of diverse customer applications worldwide. The company provides cost-effective embedded control solutions.
To maintain its market position, the company is constantly involved in acquisitions and product launches to enhance its overall growth. In April 2016, Microchip Technology, Inc. acquired Atmel Corporation (US) to boost its sensor hub offerings. In January 2014, Microchip Technology, Inc. launched the ‘SSC7102’, a low-power, flexible and turnkey sensor hub that helps in the easy implementation of sensor fusion and provides a large selection of supported sensors.
STMicroelectronics N.V. (Switzerland) is one of the major semiconductor suppliers to the consumer electronics market. The company focuses on developing industry-leading products and solutions for application areas such as healthcare and wearables, which are expected to experience solid growth rates driven by long-term trends. Research is one of the strategies adopted by the company for growth and expansion. In January 2013, STMicroelectronics N.V. introduced the ‘LIS331EB’ MCU-based sensor hub. The LIS331EB iNEMO-A smart sensor targets a wide range of applications that include wearable sensor applications, motion-activated user interfaces in phones and tablets, and augmented reality (AR).
The other players in this market include 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), and Memsic, Inc. (US).
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
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