According to a market report by Lucintel, the future of the sensor hub market looks promising with opportunities in the consumer electronics, automotive, industrial, military, and healthcare industries. The sensor hub market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are the growing need for low power consumption devices, steady growth in the number of integrated sensors in smartphones, and increasing use of 6-axis and 9-axis sensor solutions.
In this market, application sensor, discrete sensor, and sensor integrated microcontroller are the major processor types. Within the sensor hub market, consumer electronics, automotive, industrial, military, and healthcare are the major end use industries. Consumer electronics is the largest segment for sensor hub market. North America will remain the largest market over the forecast period.
Broadcom, Intel, Microchip, NXP Semiconductors, Qualcomm, Robert Bosch, Rohm, STMicroelectronics, Analog Devices, and HiLLCrest Laboratories are among the major manufacturers in the sensor hub market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the sensor hub market by processor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Sensor Hub Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the sensor hub market by processor type, end use industry, and region as follows:
By Processor Type [$M shipment analysis for 2013 – 2024]:
• Application Sensor
• Discrete Sensor
• Sensor Integrated Microcontroller
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Consumer Electronics
• Automotive
• Industrial
• Military
• Healthcare
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the sensor hub market by processor type (application sensor, discrete sensor and sensor integrated microcontroller), end-use industries (consumer electronics, automotive, industrial, military, and healthcare), and region (North America, Europe, APAC, and ROW) ?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the Sensor Hub market?
Q.5 What are the business risks and threats to the sensor hub market?
Q.6 What are emerging trends in this sensor hub market and the reasons behind them?
Q.7 What are some changing demands of customers in the sensor hub market?
Q.8 What are the new developments in the sensor hub market? Which companies are leading these developments?
Q.9 Who are the major players in this sensor hub market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this sensor hub area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this ,sensor hub market?
