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Humidity Sensors Industry Growth and Forecast to 2027
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Market Overview
A humidity sensor refers to an electronic instrument that can measure the humidity present in the environment. It can convert the findings into the corresponding electronic signal. These machines vary based on functional aspects as well as size. Some humidity sensors are integrated into smartphones, while some can be found in larger embedded systems. There has been a surge in demand for these sensors as they provide real-time data on the level of moisture with high accuracy.
In the year 2019, the Humidity Sensors Industry was valued at USD 1069.9 million, and it is expected to reach approximately USD 1551.4 million by the year 2025. One of the main reasons for the solid performance of the industry at the global level is the high application of humidity sensors in different end-user industries such as textile, food processing, as well as printing. Moreover, these pieces of equipment are also considered to be very useful for monitoring the climate.
A thorough assessment of the Humidity Sensors Industry has been carried out at the global level and the regional level in the report. The key elements that influence the industry and the market players have been identified, such as market dynamics, threats, opportunities, etc. An in-depth competitive analysis has been carried out as it could influence the growth potential of the industry during the forecasted period. The dynamic market environment has been examined in the global market report.
Companies Covered
The Key Players of the Global Humidity Sensor Market are Sensirion AG (Switzerland), Honeywell International, Inc.(US), GE Inspection Technologies (US), Amphenol Corporation (US), PCE Holdings GmbH (Germany), Texas Instruments (US), OMRON Corporation (Japan), Bosch Sensortec GmbH (Germany), Silicon Laboratories (US), Alps Alpine co., ltd (Japan), TDK Corporation (Japan), and STMicroelectronics NV (Switzerland), among others.
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Market Segmentation
The global humidity sensor market can be segregated on the basis of material type, application, type, and region.
On the basis of material type, the global humidity sensor market is segmented into semiconducting metal oxides, polymer-based, and ceramic sensing.
On the basis of application, the global humidity sensor market is segmented into fabric & textile, plastic & polymer, food & beverage, buildings & tunnels, agriculture, pharmaceuticals, and others.
On the basis of type, the global humidity sensor market is segmented into relative humidity sensors (resistive, capacitive, and thermal sensors), absolute humidity sensors (solid moisture sensors and mirror-based sensors), and others). The absolute humidity segment acquired the largest market share in 2019.
On the basis of region, the global humidity sensor market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
Regional Analysis
The regional analysis of Europe, North America, Asia-Pacific, and the Rest of the World (Row) has been performed. As per the analysis by the Market Research Future Reports (MRFR), the North American market acquired the largest market share accounting for 29.43% in 2019 and valuing USD 314.9 million. Owing to the high demand of IIoT, the North American market is propelling at a fast pace. The market is led by the US, followed by Canada and Mexico, owing to the rising demand for humidity sensors in hotels, hospitals, buildings, and schools. The market is likely to expand at a CAGR of 5.9% during the review period. The second position has been attained by the European market. The European market holds the second largest market owing to the presence of manufacturing companies, various agriculture, and chemical companies. The market is likely to expand at a CAGR of 4% and value about USD 247.0 million. The market in the APAC region is estimated to register the highest CAGR of 8.4% during the forecast period. The markets of China acquire the largest share of the market because of strict rules and regulations concerning the environment, large manufacturing base, and the increasing demand for regulating moisture content in buildings and homes. The Rest of the World (Row) is likely to expand at a good pace during the review period.
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