Sensor Hub

Sensor Hub

Global Sensor Hubs Market to Reach $59.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Sensor Hubs estimated at US$17.7 Billion in the year 2020, is projected to reach a revised size of US$59.2 Billion by 2027, growing at a CAGR of 18.8% over the analysis period 2020-2027. Application Sensors, one of the segments analyzed in the report, is projected to record a 21% CAGR and reach US$26.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sensor Integrated Microcontrollers segment is readjusted to a revised 16.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 17.7% CAGR

The Sensor Hubs market in the U.S. is estimated at US$5.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2027 trailing a CAGR of 17.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Discrete Sensors Segment to Record 19.2% CAGR

In the global Discrete Sensors segment, USA, Canada, Japan, China and Europe will drive the 19.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$10.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 42 Featured) -

• Analog Devices, Inc.
• Broadcom Ltd.
• Hillcrest Laboratories, Inc.
• Infineon Technologies AG
• Intel Corporation
• InvenSense, Inc.
• MEMSIC, Inc.
• Microchip Technology, Inc.
• NXP Semiconductors NV
• Qualcomm Technologies, Inc.
• Quicklogic Corp.
• Robert Bosch GmbH
• ROHM Co., Ltd.
• STMicroelectronics NV
• Texas Instruments, Inc.

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