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

The humidity sensor market share is expected to increase by USD 716.57 million from 2020 to 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 humidity sensor market segmentations 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 During the Forecast Period?

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Humidity Sensor Market: Key Drivers, Trends, and Challenges

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 are notably driving the humidity sensor market growth, although factors such as design complexity leading to an increase in manufacturing time may impede the 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.

Key Humidity Sensor Market Driver

Government regulations and vehicle emission control in the automotive segment are one of the key factors driving the growth of the global humidity sensor market. Governments and regulatory organizations of many countries are implementing safety and emission control standards, which require the installation of sensors such as humidity sensors in cars. Automotive manufacturing companies need to comply with these safety and emission control regulations set by the authorities. This is expected to boost the demand for humidity sensors during the forecast period. The demand for different types of cars such as electrical, hybrid, and driverless cars is expected to drive the adoption of sensors during the forecast period as humidity sensors have a variety of applications in this segment. Automotive manufacturers need to keep up with these changing policies, and this will act as a driver for the global humidity sensor market. Such factors will increase the market growth during the forecast period.

Key Humidity Sensor Market Trend

The increasing adoption of SHM systems will fuel the global humidity sensor market growth. The increase in urbanization, especially in developing countries, has led to an increase in the number of infrastructure projects such as the construction of dams, bridges, offshore petroleum installations, buildings and towers, nuclear installations, and tunnels. Structural health monitoring (SHM) is used for monitoring the health of these structures to collect data and use the analysis to make the following decisions. SHM enables real-time monitoring of structural changes, which helps organizations in reducing costs by undertaking preventive measures. Fiber optic sensors are used in these systems to collect data, which is later transmitted to the data acquisition outstation units. Both the oil and gas and infrastructure industries will be highly affected by the growing adoption of SHM systems as SHM has become a de-facto standard. Therefore, these industries will be required to use SHM in their new installations. These systems include humidity sensors, and hence, with the growing demand for SHM, the demand for humidity sensors will also grow.

Key Humidity Sensor Market Challenge

The design complexity leading to an increase in manufacturing time is a major challenge for the global humidity sensor market growth. The growing complexity in the design of sensors is a challenge for vendors as it is increasing the complexity of the manufacturing process and the time taken for production, which adds up to the cost of manufacturing. Due to the rising demand for multifunction semiconductor devices, vendors have to focus on adding additional features while designing microcontrollers for sensors. Further, the size of the diaphragm, which is the basic sensing element in sensors, is being reduced due to miniaturization. This is a challenge for research engineers as the dimensions of the diaphragm are very crucial to maintaining the linearity of operations throughout the wide range of operations performed by sensors. Therefore, the increased complexity will make it difficult for manufacturers to further reduce the size and could also lead to delays in production, which will add up to additional expenses.

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.

Parent Market Analysis

The global humidity sensor market is a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the humidity sensor market during the forecast period.

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 organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Analog devises Inc. - The company offers a humidity sensor which is in Temp sensor digital serial.

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.

Humidity Sensor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the humidity sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global electrical components and equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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 is the key market for humidity sensor market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The government regulations and vehicle emission control in the automotive segment 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.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected many countries in the region, such as China, India, South Korea, and Japan. The outbreak affected the overall economy of the region and the supply chain of both industrial and commercial sectors. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

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. Humidity sensors used in industrial applications operate under rough conditions and are used for several complex industrial applications.

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.

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
Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data 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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