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The global sensor hub market is projected to grow at CAGR of 16.92% during the 2018-2023 period
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The high growth rate is estimated to originate from the consumer electronics industry.
The individual demand for sensor-enabled experience from smartphones and other smart home devices are driving the adoption of smart hubs. In fact, Samsung Electronics Co., Ltd., and Apple, Inc. recently started using smart hubs in their phones for handling motion processing for fitness and other applications. Furthermore, the anticipated increase in the number of wearable connected devices is projected to rapidly drive the growth of the market during the forecast period.
Some of the major players discussed in the reports are Microchip Technology, STMicroelectronics, TDK Corporation, and Infineon Technologies AG, among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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