By region, Asia-Pacific is expected to dominate the Humidity Sensor market, garnering a major share during the forecast period.
In 2019, Asia-Pacific dominated the market, contributing more than 50% share of the overall revenue, followed by North America. Rapid growth of industrialization and increase in population are some key factors responsible for the growth of the humidity sensor market. Asia-Pacific is the largest contributor to the automotive industry with growing economy and advancements in regular framework of the humidity sensors. China, Japan, and India are the major countries experiencing major humidity sensor market growth during the forecast period. Japan and China are technologically advanced countries, and thus exhibit high demand for humidity sensors.
𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/1708
A humidity sensor is an electronic component that senses, measures, and reports water vapor and air temperature. The humidity sensor functions by carefully monitoring environmental conditions and alerting the user of any alarming conditions. It detects any change in the electrical currents or temperature in the air. Accuracy, linearity, reliability, repeatability, and response time of humidity sensors are some of the important parameters considered for its selection.
Factors such as increase in demand for small-sized humidity sensor, surge in installation of personal weather stations, and developments in the automotive sector drive the growth of the global humidity sensor market. However, the need to improve technical specifications of humidity sensor is expected to hamper the humidity sensor market growth to a certain extent. Furthermore, development and adoption of vertical farming and precise farming are expected to offer lucrative opportunities for the growth of the humidity sensor market globally.
According to Shantanu Sachan, Lead Analyst, Semiconductor and Electronics at Allied Market Research, “The increase in adoption of IoT and AI is one of the major humidity sensor market trend fuels the growth of the global humidity sensor market. In addition, the leading market players are investing in R&D in developing ultra-thin and miniaturized humidity sensors owing to upsurge in demand for ultra-thin and compact electronics. However, these factors are technically challenging market players to improve the technical specifications of humidity sensors in terms of changing and rigorous environment in which these sensors perform. Moreover, these improved sensors are to be integrated with other electronics with ease and efficiency. In addition, there is a rise in popularity for electric vehicles with improved air conditioning system for passengers as well as well-maintained environment for electronic components. This propels the growth of the humidity sensor market.”
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $2.09 billion, and is estimated to garner $6.65 billion by 2027, growing at a CAGR of 15.59%. This is attributed to the fact that humidity sensor systems find their major application in automotive sector in the region. However, North America is expected to account for $2.58 billion by 2027, growing at a CAGR of 13.73%.
𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/purchase-enquiry/1708
The humidity sensor market is segmented into product, type, end use, and region. By product, the market is bifurcated into relative and absolute humidity sensors. By type, the market is segregated into digital and analog. The digital segment accounted for the highest humidity sensor market share in 2019. By end use, the market is classified into residential, commercial, automotive, industrial, agriculture, weather station, and healthcare. By region, the humidity sensor market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key Findings Of The Study
By product, the relative humidity sensors segment held the highest revenue of $3.46 billion in 2019 and contributed a major part in humidity sensor market size.
By type, the digital humidity sensor segment held the highest revenue share of the market in 2019, generating $2.44 billion as per the humidity sensor market analysis.
By end use, the industrial segment held the highest revenue share of the market in 2019, generating $993.1 million.
By region, Asia-Pacific is expected to dominate the market, garnering a major share during the forecast period.
The key players profiled in the humidity sensor market include Amphenol Advanced Sensors
Guangzhou Aosong Electronics Co., Ltd.
Honeywell International Inc.
Laird Connectivity
Michell Instruments
Renesas Electronics Corporation
Schneider Electric
Sensirion AG Switzerland
TE Connectivity
Texas Instruments Incorporated
𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 – 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/checkout-final/2f9e3b8e6788392e39063cd96fd66279
Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Global humidity sensor industry?
(2) Who are the leading players functioning in the Global humidity sensor marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the Global humidity sensor industry?
(4) What is the competitive situation in the Global humidity sensor market?
(5) What are the emerging trends that may influence the Global humidity sensor market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which application segment will grab a handsome share in the Global humidity sensor industry?
(8) Which region is lucrative for the manufacturers?
𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
IoT Sensor Market https://www.alliedmarketresearch.com/iot-sensors-market-A13095
3D LiDAR Sensor Market https://www.alliedmarketresearch.com/3d-lidar-sensor-market-A11619
Wireless Sensor Market https://www.alliedmarketresearch.com/wireless-sensor-market-A09869
Davin Correa
Allied Market Research
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