Human Sensor IC Market is projected to reach the value of $3.24 billion by 2030

According to the report published by Virtue Market Research, the Global Human Sensor IC Market was valued at $1.7 billion in 2022 and is projected to reach a market capitalization of $3.24 billion by 2030. Over the forecast period of 2023-2030, market is anticipated to grow at a CAGR of 8.4% owing to advancement of technology.

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Human sensor IC (integrated circuit) may identify and quantify human presence, motion, or activity. Smart homes, security systems, lighting systems, and medical equipment are just a few of the areas where these sensors are often employed. The market for smart homes and buildings is expanding quickly with the introduction of Internet of Things (IoT) technologies. Smart homes come with a range of remote-controllable sensors and gadgets that can automate a number of processes. Human presence and mobility may be detected by human sensor ICs, which are essential in such systems since they allow for the activation of different functions including lighting, temperature control, and door locking. The market for human sensor ICs is anticipated to increase noticeably as more houses and buildings become intelligent.

The popularity of healthcare wearables among consumers is rising, including fitness trackers, smartwatches, and health monitors. These gadgets are furnished with a variety of sensors that can keep track of the heart rate, sleep, and physical activity, among other elements of human health. In order to recognise and track human motion and activity, wearables like these require human sensor ICs. Human sensor IC demand is predicted to increase dramatically as a result of rising healthcare wearable demand brought on by rising fitness and health consciousness. The rising usage of smart home and building automation systems is a major industry trend in the human sensor IC market. To detect changes in the environment and the presence of humans in a location, these systems employ a variety of sensors, including Human Sensor ICs. For lighting, heating, and security systems to maximise energy efficiency and improve security, human sensor ICs in particular may be utilised to detect and quantify human presence and mobility. The expanding market for wearable medical devices is one of the most promising areas for Human Sensor ICs (Integrated Circuits). Consumer interest in healthcare wearables including fitness trackers, smartwatches, and health monitors is growing. These gadgets have a number of sensors that can track several aspects of health in people, including heart rate, sleep, and physical activity. Such wearables employ human sensor ICs to track health data more precisely by detecting and measuring human mobility and activity. The COVID-19 pandemic has had a mixed impact on the Human Sensor IC market. On one hand, the pandemic has accelerated the adoption of smart home and building automation systems as people spend more time at home and prioritize energy efficiency and convenience. This has increased the demand for human sensor ICs in such systems. On the other hand, the pandemic has had a negative impact on the demand for healthcare wearables, which are a key market opportunity for Human Sensor ICs.

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Segmentation Analysis:
The Global Human Sensor IC Market segmentation include:

By Technology:
• Camera-Based
• Voice Recognition
• Others

The Human Sensor IC technology based on cameras is predicted to grow the quickest among the three technical fields. Camera-based Human Sensor IC technology is used to detect human presence and movement. These sensors can also be used for automation and security. Initiating various activities, such as turning on lights, adjusting the temperature, or locking doors, they have the capacity to recognise humans in a room or building. Also, they may be applied to facial recognition, which has security repercussions. Voice recognition Human Sensor IC technology uses microphones and other sensors to detect and interpret human speech. This technology is used in devices such as smart speakers, smart assistants, and other voice-activated devices. It allows users to control devices with voice commands, enabling more convenient and hands-free operation. Other Human Sensor IC technologies include infrared sensors, ultrasonic sensors, and capacitive sensors. Infrared sensors detect the presence of humans by measuring the heat emitted by their bodies. Ultrasonic sensors use sound waves to detect the presence of humans and their movements. Capacitive sensors detect the changes in capacitance caused by the presence of a human body.

Regional Analysis:
The market for Human Sensor ICs is anticipated to expand the quickest in Asia-Pacific, out of the other four regions, North America, Europe, South America, and Middle East and Africa. Because of the rising popularity of voice-activated devices, smart home and building automation systems, and other such technologies, North America is anticipated to be a significant market for human sensor ICs. Leading producers of Human Sensor ICs and technological firms are also based in the area. As smart city and building automation systems become more widely used, Europe is predicted to experience considerable development in the market for human sensor ICs. Also, the area is experiencing an increase in investment in applications for Human Sensor ICs and wearable healthcare devices. A growing number of smart home and building automation systems are being used, and the market for medical wearables is predicted to develop at the quickest rate in Asia-Pacific. Moreover, the region is home to numerous top Human Sensor IC makers. The market for human sensor ICs is predicted to increase moderately in South America, the Middle East, and Africa due to the rising popularity of smart home and building automation systems as well as the expanding market for medical wearables. Also, the area is experiencing an increase in funding for smart city initiatives, notably in Saudi Arabia and the United Arab Emirates.

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Latest Industry Developments:

• In June 2021, Infineon Technologies AG launched a new Human Sensor IC designed for battery-operated smart home and building automation applications.

• Melexis and Osram Opto Semiconductors announced a collaboration in July 2021 to create cutting-edge Human Sensor ICs for usage in automotive applications.

• Researchers at the Korea Advanced Institute of Science and Technology (KAIST) created a novel Human Sensor IC for use in medical wearables in August 2021.

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This release was published on openPR.