Sensor Hub Market to Grow With 19% CAGR by 2026
" COVID-19 Impact on Sensor Hub Market, size, share, growth, industry analysis, and forecast 2020-2026 "
A sensor hub is a type of process which collects data from different sensors and processes it. Sensor hub connects all sensors and utilizes a control unit, compressor, and single processor for processing data. Sensor hubs usually use smart inertial sensors with a microcontroller. In smart devices, including smartphones, tablets, and other touch screens or wireless devices, sensors offer accessibility, altitude, direction, touch sensing capacity, and offer data input that is later processed.
Various numbers of mobile manufacturing companies are inserting a sensor hub in their mobile devices. The sensor hub constantly gathers the sensor data, keeping the central processor inactive and optimizing a mobile device's battery life. For example, Google Company has introduced the Android sensor hub, which can be hooked directly into a phone's sensors. Data from the fingerprint reader, gyroscope, accelerometer, and various other sensors can funnel into the small-scale processor running Google’s custom algorithms. This enables the sensor hub to elucidate gestures and activities independently and increase battery life significantly by consuming a minimum amount of power. Thus, the increasing growth of the number of integrated sensors in smartphones is majorly impacting the market growth.
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Furthermore, the factors such as the rising use of 6-axis and 9-axis sensor solutions or sensor fusion within devices and the application of processor-based sensor hubs to appeal to future market growth will generate lucrative opportunities for market growth.
The Sensor Hub Market research report titled “Sensor Hub Market By Processor Type, Application, and Geography – Global Forecast up to 2026.”
Significant vendors of the sensor hub market include Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V, Invensense, Inc., and Rohm Co. Ltd.
North America is leading the market share due to the presence of key vendors, rising disposable income, and increasing investments in developing a new sensor hub and the internet of things associated technology by several prominent enterprises.
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The report consists of 78 Tables and 48 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Sensor Hub Market on the basis of Processor Type
- Application Sensor Processor
- Discrete Sensor Processor
- Sensor Integrated Microcontroller
Sensor Hub Market on the basis of End-Use Application
- Consumer Electronics
Sensor Hub Market on the basis of Geography
- North America
- Asia Pacific
- Rest of the World