Get 15% OFF on all 2025 Global Market Reports until March 31st! Apply code FY25SAVE and grab your savings today!
At what pace is the sensor hub market growing, and what is its estimated value?
The sensor hub market size has grown exponentially in recent years. It will grow from $35.7 billion in 2024 to $43.57 billion in 2025 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to increasing adoption of smart home devices, rising consumer awareness and demand, enhanced AI and machine learning integration, government initiatives and smart city projects, increasing digitalization.
The sensor hub market size is expected to see exponential growth in the next few years. It will grow to $95.55 billion in 2029 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to increasing internet penetration, increase in demand for low-power generating solutions, increase in internet usage and data consumption, consumer electronics evolution, growing urbanization and industrialization. Major trends in the forecast period include new product innovation, advancements in IoT technology, technological advancements in wireless communication, early adoption of smart home technology, and strategic mergers and acquisitions.
Get Your Free Sample of The Global Sensor Hub Market Report:
Sensor Hub Market Report 2025
What are the top drivers to the rising demand in the sensor hub market?
The increase in popularity of digitalization is expected to propel the growth of the sensor hub market going forward. Digitalization is the process of utilizing digital technologies to reshape a business model, creating new avenues for revenue generation and value creation. The increasing digitalization is due to the tech-savvy population, transparency, automation, reducing human errors, and optimizing operations. Sensor hubs provide the sensor integration, data processing, and management efficiency required to build advanced digital products, services, and IoT systems. For instance, in October 2023, according to the Australian Bureau of Statistics, an Australia-based government administration, from 2021 to 2022, digital activity in Australia surged by 8.6%, totaling $10.9 billion, whereas the overall Australian economy saw a growth of 11.7%. In 2021–22, all sectors of digital activity grew. Notably, e-commerce retail witnessed a remarkable increase of 12.6% in 2021–22, following a substantial surge of 41.8% in the preceding year. Therefore, the rise in popularity of digitalization is driving the growth of the sensor hub market.
How is the sensor hub market segmented?
The sensor hub market covered in this report is segmented –
1) By Processor Type: Application Sensor Processor, Discrete Sensor Processor, Sensor Integrated Microcontroller, Other Processor Types
2) By Devices: Smart Phones, Tablets, Wearable Devices, Internet Of Things And Connected Devices, Other Devices
3) By Applications: Positioning And Navigation, Health And Fitness, Augmented Reality And Gaming, Activity Monitoring, Voice Command, Gestures Navigations, Other Applications
4) By End-Use Application: Consumer Electronics, Automotive, Industrial, Military, Healthcare, Telecommunications, Other End-Use Applications
Subsegments:
1) By Application Sensor Processor: Multi-Core Application Processors, Low-Power Application Processors
2) By Discrete Sensor Processor: Dedicated Sensor Processing Units, High-Performance Discrete Processors for Sensor Integration
3) By Sensor Integrated Microcontroller: Microcontrollers, Low-Power Microcontrollers
4) By Other Processor Types: Hybrid Processors, Digital Signal Processors (DSPs), System-on-Chip (SoC)
Order your report now for swift delivery
Sensor Hub Market Report 2025
Who are the top competitors in the sensor hub market?
Major companies operating in the sensor hub market are Robert Bosch GmbH, Intel Corporation, Broadcom Limited, Qualcomm Technologies Inc., Infineon Technologies AG, STMicroelectronics N.V., TE Connectivity Ltd., NXP Semiconductors N.V., TDK Corporation, Renesas Electronics Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Rohm Co. Ltd., Imagination Technologies Limited, Bosch Sensortec GmbH, Hillcrest Labs, Memsic Inc., Montronix GmbH, LAPIS Semiconductor Co. Ltd., Omega Engineering
What significant trends should we anticipate in the sensor hub market over the forecast period?
Major companies operating in the sensor hub market are developing kits for IOT sensor engineering with printed electronics technologies. Kits for IoT sensor engineering with printed electronics technologies are tools and components designed to help engineers, researchers, and hobbyists create and prototype Internet of Things (IoT) sensors using printed electronics. For instance, in February 2023, Henkel, a Germany-based multinational chemical and consumer goods company, launched the Henkel Qhesive Solutions Sensor INKxperience Kit. The kit showcases Henkel’s innovative inks for smart product applications. It includes four core technologies such as, a leak detection sensor, a non-contact liquid level sensor, a positive temperature coefficient (PTC) heater, and single and multi-zone force sensitive resistors (FSR). The component is reusable and pre-configured with hardware and software for quick data readout, making it easier to design, prototype, and engineer next-generation IoT sensors.
Which regional trends are influencing the sensor hub market, and which area dominates the industry?
Asia-Pacific was the largest and fastest region in the sensor hub market in 2023. The regions covered in the sensor hub market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Sensor Hub Market Report 2025 Offer?
The sensor hub market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A sensor hub is a specialized processor that gathers and handles data from multiple sensors, easing the main processor’s workload and boosting efficiency. They are designed to offload sensor data processing from a device’s main CPU, thereby conserving battery power and enhancing overall performance.
Purchase the exclusive report now to unlock valuable market insights:
Sensor Hub Market Report 2025
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
Twitter: The Business Research Company (@tbrc_info) on X
Facebook: The Business Research Company | London
YouTube: The Business Research Company
Blog: Comprehensive Analysis of the Mini Brew Fermenter Market 2025-2034: Growth Rates, Trends, and Future Opportunities – Latest Global Market Insights
Healthcare Blog: Latest Healthcare Research Reports – By The Business Research Company
Global Market Model: Global Market Intelligence Database
