Enjoy complimentary customisation on priority with our Enterprise License!
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.
Download the Free Report Sample to Unlock the Humidity Sensor Market Size for the Forecast Period and Other Important Statistics
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request for a FREE sample now!
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.
To gain further insights on the market contribution of various segments Request for a FREE sample
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.