The global humidity sensor market size is expected to be worth around US$ 5.5 billion by 2030, according to a new report by Vision Research Reports.
The global humidity sensor market size was valued at US$ 920.7 million in 2020 and is anticipated to grow at a CAGR of 8.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 5.5 billion by 2030 |
| Growth Rate | CAGR of 8.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, End-Use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Robert Bosch GmbH; General Electric Company; Delphi Technologies; Hitachi, Ltd.; Honeywell International, Inc.; PCE Instruments; BEI Sensors; TE Connectivity; Continental AG; and Infineon Technologies AG |
Growth Factors
The rising adoption of these sensors for moisture-sensitive applications in industries, such as food & beverages, healthcare, and textile, among others, is expected to drive the market growth. Regulations laid down by governments of developed economies in regions, such as North America and Europe, have mandated the use of these sensors in industries, such as food processing, printing, and textile.
Food Safety and Standards Authority of India (FSSAI) mandates the usage of these sensors in the food & beverage industry as higher levels of moisture can cause contamination and affect the food quality. The increasing demand for contactless sensors that can be deployed in potentially hazardous environments, such as places exposed to radiation, is a major factor driving market growth.
By End-Use Analysis
Based on end-use, the market has been further segmented into automotive, pharmaceutical & healthcare, industrial, building automation & domestic appliances, food & beverages, environmental, agriculture, and others.
The industrial segment is expected to exhibit a noticeable CAGR over the forecast period. Humidity sensor solutions are widely adopted in oil & gas, power & energy, mining, paper, and textile, among other industries, to monitor the ambient moisture.
By Type Analysis
Based on type, the market has been further segmented into relative humidity sensor, absolute humidity sensor, and others. Relative humidity sensors are intended for high-volume, cost-sensitive applications, such as automotive cabin air control, office automation, home appliances, and industrial process control systems, among others.
Absolute humidity sensors have a wide and diverse range of applications. They are widely used in medical industries owing to their higher accuracy and resolution in determining respiratory humidity levels. At the same time, the development of chilled mirror sensors has provided sensors that are chemically inactive, provide virtual indestructibility, and eliminate the need for recalibration.
By Regional Analysis
The North America regional market dominated the global humidity sensor market in 2020. North America is home to several leading humidity sensor manufacturers. Moreover, the adoption of air quality monitoring systems with integrated humidity sensor solutions is particularly rising in the region.
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. Regulatory agencies and governments in various countries in the region are aggressively implementing emission and safety control standards that require the installation of humidity sensor solutions in cars.
Key Players
Robert Bosch GmbH; General Electric Company; Delphi Technologies; Hitachi, Ltd.; Honeywell International, Inc.; PCE Instruments; BEI Sensors; TE Connectivity; Continental AG; and Infineon Technologies AG.
Market Segmentation
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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