Global Humidity Sensor Market is valued at approximately USD 5.22 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2022-2029. A humidity sensor is an electrical device that detects, measures and reports air temperature and water vapor content. The humidity sensor works by continuously observing the surrounding environment and alerting the user of any alarming situations. It detects any variation in the electrical currents or air temperature. These sensors can provide accurate and reliable readings of humidity levels in real-time, making them a valuable tool for a wide range of applications. The rising focus on continuous and real-time monitoring, surging demand for this sensor across wide range of end-use industries, coupled with the rapid proliferation of wireless networking and the Internet of Things (IoT) are the key driving factors for the global market growth globally.
Furthermore, the surge in the usage of humidity sensors in smart grids and smart homes is acting as a catalyzing factor for the market demand at a considerable rate. Humidity sensors are commonly used in smart homes to monitor and control indoor humidity levels. According to Statista, it was estimated that there were around 259.89 million smart homes were recorded globally, which is anticipated to reach 478.22 smart homes by the year 2025. Humidity sensors can be integrated with smart assistants such as Amazon Alexa or Google Assistant to provide voice control of the home's humidity levels. This allows homeowners to adjust the humidity levels with simple voice commands, making it convenient and easy to maintain a comfortable indoor environment. Thus, these aforementioned factors are soaring in the market demand across the globe. Moreover, the rising emergence of novel technologies, as well as the increase in demand for small-sized humidity sensors is presenting various lucrative opportunities over the forecasting years. However, the inaccuracy of devices in terms of non-linearity and offset errors and the high cost associated with the systems and installations are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Humidity Sensor Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing adoption of air quality monitoring systems with integrated humidity sensor solutions and the rising number of smart homes. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for sensor solutions that can be integrated into handheld devices, increasing number of smart cities initiatives, and growth in IoT infrastructure in the market space.
Major market players included in this report are:
Honeywell International Inc.
Texas Instruments Inc.
Amphenol Corporation
Guangzhou Aosong Electronics Co., Ltd.
Renesas Electronics Corporation
Sensirion Ag Switzerland
Schneider Electric
TE Connectivity Ltd.
General Electric Company
Laird Connectivity
Recent Developments in the Market:
In May 2020, The Electronics and Telecommunications Research Institute (ETRI) declared that the company had created humidity sensor technology that uses molybdenum sulphide (MoS2), an inorganic compound made of molybdenum and sulfur, to detect moisture with great sensitivity, such as skin perspiration or tidal volume. The humidity sensor has the highest sensitivity in the entire globe at more than 66,000 per cent. It exceeds the capabilities of the present sensors by more than 660 times. The detection time is 0.5 seconds, which is up to 12 times faster than the five to six seconds required by traditional commercial sensors.
Global Humidity Sensor Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Type, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
Relative Humidity Sensors
Absolute Humidity Sensors
By Type:
Digital
Analog
By End Use:
Residential
Commercial
Automotive
Industrial
Weather Station
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
