CE Devices to Drive Sensor Hub Market to $32.5 Billion by 2023, Says Report

Consumer electronics will make up the largest share of the sensor hub market, projected to reach $32.5 billion by 2023, said a Friday ReportsnReports.com study. Driving growth factors are a rising need for low-power solutions, and CE applications require devices that can run for extended periods on a single battery charge, said the report. Sensor hubs are used extensively in smartphones, tablets, smart TVs, wearables and gaming consoles for varied uses, including gesture recognition, image stabilization, navigation, motion-based gaming and health monitoring, the report said. The automotive market holds the second-largest share of the sensor hub market due to the increasing importance of active safety features, it said. Key players in the market are Microchip Technology, STMicroelectronics, Bosch, NXP Semiconductors, Rohm Semiconductor, Analog Devices, InvenSense, Infineon Technologies and Memsic, it said.