Humidity Sensor Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44288
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The humidity sensor market has the potential to grow by USD 716.57 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.71%.

This humidity sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (industrial, consumer electronics, HVAC system, climate and test chambers, and others) and geography (APAC, North America, Europe, MEA, and South America). The humidity sensor market report also offers information on several market vendors, including Analog Devices Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Infineon Technologies AG, Laird Connectivity, NXP Semiconductors NV, OMRON Corp., Robert Bosch GmbH, and Schneider Electric SE among others.

What will the Humidity Sensor Market Size be in 2021?

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Humidity Sensor Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The government regulations and vehicle emission control in the automotive segment is notably driving the humidity sensor market growth, although factors such as design complexity leading to increase in manufacturing time may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the humidity sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving the growth of the humidity sensor market is the government regulations and vehicle emission control standards in the automotive segment.
  • Automotive manufacturing companies need to comply with these safety and emission control regulations by installing humidity sensors in cars.
  • The changing government policies along with the growing demand for different types of cars such as electrical, hybrid, and driverless cars will support the global humidity sensor market.
  • The growing IoT applications is another key factor promoting the humidity sensor market share growth.
  • The essence of IoT technology is that it needs minimum human intervention and devices needed for this technology should have sensors, such as humidity sensors to deliver an efficient performance.
  • IoT makes extensive use of sensor technology as a foundation to enhance security in environments, such as buildings through smart management.

This humidity sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Humidity Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Analog Devices Inc.
  • General Electric Co.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • Laird Connectivity
  • NXP Semiconductors NV
  • OMRON Corp.
  • Robert Bosch GmbH
  • Schneider Electric SE

 

This statistical study of the humidity sensor market encompasses successful business strategies deployed by the key vendors. The humidity sensor market is fragmented and the vendors are deploying growth strategies such as increasing market footprints and focusing on differentiating their products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The humidity sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Humidity Sensor Market?

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44% of the market’s growth will originate from APAC during the forecast period. China and Taiwan are the key markets for humidity sensor market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid population growth, extreme climatic conditions, rising urbanization, and increasing middle-income population will facilitate the humidity sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Humidity Sensor Market?

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The humidity sensor market share growth by the industrial segment will be significant during the forecast period. The applications for humidity sensors in numerous industrial segments will drive the market for humidity sensors. Micro-sensor systems such as humidity sensors have a high level of integration and functionality in terms of analog and digital signal processing. The production of these sensors are done in bulk because they are are cost-effective, and this will further drive the demand for the product.

This report provides an accurate prediction of the contribution of all the segments to the growth of the humidity sensor market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Humidity Sensor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive humidity sensor market growth during the next five years
  • Precise estimation of the humidity sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the humidity sensor industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of humidity sensor market vendors

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Humidity Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.71%

Market growth 2021-2025

$ 716.57 million

Market structure

Fragmented

YoY growth (%)

5.12

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Taiwan, Germany, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Analog Devices Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Infineon Technologies AG, Laird Connectivity, NXP Semiconductors NV, OMRON Corp., Robert Bosch GmbH, and Schneider Electric SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The humidity sensor market growth will increase by $360.87 million during 2019-2024.
The humidity sensor market is expected to grow at a CAGR of 5.87% during 2019-2024.
Technavio has segmented the humidity sensor market by application (Industrial, Consumer electronics, HVAC system, Climate and test chambers, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
Analog Devices Inc., Delphi Technologies Plc, General Electric Co., Hitachi Ltd., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, OMRON Corp., Robert Bosch GmbH, Schneider Electric SE are a few of the key vendors in the humidity sensor market.
APAC will register the highest growth rate of 44.84% among the other regions. Therefore, the humidity sensor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Taiwan
  • Germany
  • The Netherlands
The key factors driving the humidity sensor market growth are:
  • Growing importance of humidity sensors in industries such as food and beverage and oil and gas industries
  • Rising demand for contactless humidity sensors
The humidity sensor market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
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