Sensor Hub Market

Global Sensor Hub Market Size (2023 to 2028)

The global sensor hub market size is expected to be worth USD 29.01 billion in 2023. It is expected to grow at a CAGR of 19.5% during the forecast period and reach a value of USD 70.69 billion by 2028.

A sensor hub is a connection point for multiple sensors to process and compile the data collected from those sensors. The sensor hub shares some of the workload that would otherwise be done by a computer. This allows the data obtained by the sensors to be collected and processed with the demand for computing resources and results in better performance, less power consumption, and less free CPU time. Sensor concentrators are used when multiple sensors are required to perform a specific task and the demand for resources and the need for efficiency are high.

MARKET DRIVERS:

The growth of the global sensor hub market is majorly driven by the requirement for incorporated sensors for a low force generation arrangement in cell phones and the utilization of 6 and 9 axles.

An increasing amount of data, such as environment (pressure, humidity, temperature, light) and movement (magnetometers, gyros, accelerometers) from multiple sensors must be merged into the system for better system performance. Sensor Hub performs these complex sensor fusion algorithms while providing maximum flexibility for system operation. Increasing adoption of advanced driver assistance systems, coupled with growing awareness of driver safety, is likely to drive market growth. Growing consumer awareness and growing demand for the low-power generation solution drive market growth during the outlook period.

MARKET RESTRAINTS:

However, concerns about debugging due to high interference between the central hub and the application processor are supposed to hamper market growth.

Impact of COVID-19 on the sensor hub market:

Since the SARS-CoV-2 outbreak, many companies have had to make difficult decisions regarding financial decisions and cost reduction measures that can ensure a continuous flow of operations. The lockdown situation has been the short-term impact of the new coronavirus, which has led to weaker demand from the hyperscale cloud service and smartphone providers. The drop in demand has had a ripple effect on the semiconductor industry, with prices falling and suppliers withdrawing their current factory plans. The Coronavirus outbreak has also led to the closure of operations, e-commerce, and retail stores, causing supply chains to collapse and creating a greater gap between the relationship between supply and demand. Considering the long-term impact of COVID-19, governments around the world are doing their best to come up with favorable initiatives and policies, such as tax breaks, financial packages, and 'lower interest rates'. Work-from-home strategies, which are the common standard in businesses today and the emerging trend of BYOD policies, can also drive demand for connected devices, computers, laptops, and various storage solutions in the post-pandemic era. As countries rush to make a breakthrough on Coronavirus, demand for Sensor Hub is expected to increase rapidly over the next period. MEMS and image sensors are shining stars in the chip industry as technology companies around the world accelerate innovation in the fight against COVID-19. These tiny devices are the driving force behind advances in electronics ranging from thermal imaging and faster point-of-care testing to microfluidic-based polymerase chain reaction (PCR) tools and techniques to detect SARS-CoV. SEMI recently spoke with Yole Development analysts Dimitrios Damianos and Chenmeijing Liang about the MEMS and imaging sensor market trends and how improved microelectronic technologies are supporting the global push to contain the spread of COVID-19.

REPORT COVERAGE:

This research report on the global sensor hub market has been segmented and sub-segmented into the following categories.

Sensor Hub Market – By Processor Type:

• Application Sensor Processor
• Discrete Sensor Processor
• Sensor Integrated Microcontroller
• Others

The discrete sensor processor ruled the sensor hub market in 2016. This strength is credited to the utilization of discrete sensor processor centers in wearable gadgets, just as the expanded force-saving advantages that this kind of processor offers. The application sensor processor is expected to maintain the largest size of the sensor hub market during the forecast period as it is implemented by a large number of smartphone manufacturers such as Apple, Inc. (US).

Sensor Hub Market – By End Use Application:

• Consumer Electronics
• Automotive
• Industrial
• Military
• Healthcare
• Telecommunications
• Others

The end-use application of consumer electronics is the largest market for sensor hubs. This growth is attributed to the heavy use of sensor hubs in smartphones, tablets, smart TVs, handheld devices, and game consoles. All these devices use sensors for different activities such as gesture recognition, image stabilization, navigation, motion-based gaming, and health supervision.

Sensor Hub Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa 

North America dominated the overall market for sensor hubs in the review period. Due to the growing awareness of driver safety and the influence of original equipment manufacturers (OEM) safety regulations and classifications, a system such as Advanced Driver Assistance Systems (ADAS) is strongly adopted by automobile manufacturers, thus driving the growth of the sensor hub market in this region. The United States is a major market in North America offering sensor hub solutions to original equipment manufacturers (OEMs) of consumer electronics and automotive. North America is a major hub for consumer electronics, especially smartphones and wearable devices, which prominently use sensor hub technology. This region has the highest number of end users of portable sanitary devices. However, the sensor hub market is expected to grow at a significant rate in emerging regions such as Asia-Pacific due to increased investment in smart city projects and growing demand for consumer devices, including smart TVs, game consoles, smartphones, tablets, and wearable devices.

KEY MARKET PLAYERS:

Some of the major players such as InvenSense, Inc., Analog Devices, Inc., Intel Corp, Robert Bosch GmbH, STMicroelectronics N.V., NXP Semiconductors N.V., Microchip Technology, Inc., Memsic, Inc., Infineon Technologies AG, and RoHM Co. Ltd.

RECENT HAPPENINGS IN THE MARKET:

• Intel unveiled its first reference design for its new Merrifield 22nm smartphone processor.
• Analog Devices, Inc. (Nasdaq: ADI) announced a collaboration with First Sensor AG to develop products to accelerate the launch of autonomous sensing technology for unmanned automotive, aerial, and underwater vehicles in transportation, smart agriculture, industrial manufacturing, and other industries.
• TDK Corporation (TSE: 6762) announced that it is working with Qualcomm Technologies, Inc. through its group company, InvenSense, to bring a portfolio of MEMS motion detection products and audio solutions to the new Qualcomm Robotics RB3 platform.
• InvenSense, Inc. (NYSE: INVN), a leading provider of MEMS sensor platform solutions, announced SensorStudio and InvenSense FireFly SDK, a sensor prototyping and development platform for Internet of Things (IoT) applications.