Humidity Sensors Market Consumption Sales By Type, Product Specifications, Research Methodology, Forecast

Shibuya-ku, Tokyo, Japan, Japan, Feb 16, 2022, 04:04 /Comserve / -- Humidity Sensors Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The Humidity Sensors Market is expected to grow at a CAGR of 8.7% during the forecast period (2020 to 2025). Humidity Sensors are a growing part of the connected world and increasingly core to applications throughout lives. The increasing adoption of these sensors for moisture-sensitive uses in industries, such as healthcare, food and beverages, and textile, is expected to drive market growth. Regulations put down by governments of developed markets have mandated the usage of these sensors in industries, such as food processing, printing, and textile. For example, the Food Safety and Standards Authority of India (FSSAI) mandates the usage of these sensors in the food and beverage industry as higher levels of moisture can cause contamination and affect the food quality. It is equally focusing on developing new and innovative humidity sensor solutions, such as infrared-based relative humidity sensor solutions.

- Another factor projected to support the growth of the market is the increasing adoption of wireless applications in different applications, such as greenhouse farming for climate monitoring. Miniaturization of electronic devices is also one of the significant trends in the global humidity sensor market.
- Humidity sensors based on optical fibers present several advantages over electronic sensors. Optical fiber humidity sensors (OFHSs) offer several advantages over electronic humidity sensors, such as small design, durability, the possibility of working on flammable environments and higher temperatures and pressure ranges, and the possibility of working on flammable environments, their electromagnetic immunity.

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Key Market Trends

Growth in the Automotive Sector is Expected to Drive the Market

- Based on end-use, the automotive segment is expected to dominate the market, owing to the increasing adoption of the humidity sensor to ensure that air inside the car is optimally regulated. These sensors can particularly help in preventing windscreen fogging inside the car cabin. These sensors are also be used to monitor the dew point and air intake of cars.
- In the automotive industry, capacitive humidity sensors are used in their millions in modern control circuits, designed to adapt fuel mixtures, control air conditioning systems, or detect fogged-up windscreens.
- Automotive businesses all over the world are concentrating on vehicle electrification, where humid sensors have extensive use. According to EV-volumes.com, global plug-in vehicle deliveries of 2019 reached 2264 400 units, 9 % higher than for 2018, which is a clear departure from the growth rates of the previous six years, which were between 46 and 69 %.
- For instance, the HCT01 humidity sensor of E+E Elektronik Ges.m.b.H combines high-quality, long-term tested thin-film sensor technology with the easiest workability and cost-efficient integration of the humidity sensor into the application.
- Trending is the humidity sensor for the automotive market, which is based on the requirements of the AEC-Q100 standard quality, defining industry standards for reliability, stability, and robustness of electronic components in the automotive industry.

North America is Expected to Hold Major Share

- The North American regional market commanded the global humidity sensor market as the region is the home to numerous leading humidity sensor manufacturers. Furthermore, the adoption of air quality monitoring systems with integrated humidity sensor solutions is growing in the area. The requirement for sensor solutions that can be integrated into handheld devices is also pushing the demand for innovative humidity sensor solutions in the North American regional market.

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- Regulatory agencies and governments in several countries, specifically in the United States, are aggressively implementing emission and safety control standards that need the installation of humidity sensor solutions in cars. The demand for humidity sensor solutions is anticipated to rise in the region as a result. The development of smart cities, smart homes, and growth in IoT infrastructure are also expected to drive the demand for humidity sensor solutions for environmental monitoring applications.
- For instance, city governments in the region are to invest approximately USD 41 trillion over the next 20 years to upgrade their infrastructure to benefit from the IoT. With these massive investments, the IoT will transform the quality of life for citizens in cities. Intel and The City of San Jose, CA, are collaborating on a public-private partnership project which implements Intel's IoT Smart City Demonstration Platform to further the City's Green Vision initiative.

Competitive Landscape

The Humidity Sensors Market is moderately competitive and has gained a competitive edge in the past decade. The major players in the market are investing aggressively in research and development and have adopted new product launches as their key strategy to defend and increase their market share. They are focusing on developing innovative humidity sensor solutions, such as infrared-based relative humidity sensor solutions. They are also emphasizing on boosting their production capacity as part of the efforts to strengthen their foothold in the market. However, with increased innovations and sustainable products, to maintain their position in the global market, many of the companies are increasing their market presence by securing new contracts by tapping new markets. They are equally embarking upon mergers and acquisitions to increase their market share.

1 INTRODUCTION​
1.1 Study Assumptions​ and Market Definition​
1.2 Scope of the Study​

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY​

4 MARKET INSIGHT​
4.1 Market Overview​
4.2 Industry Attractiveness - Porter's Five Forces Analysis​
4.2.1 Bargaining Power of Suppliers​
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants​
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry​
4.3 Impact of COVID-19 on the Industry
4.4 Major Technology Types – Infrared, Bimetallic, Cooled Mirror, and Aluminum Oxide Capacitive, among others

5 MARKET DYNAMICS

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