Humidity Sensor Market Size - Latest Innovation by Regional Forecast to 2023

Market Overview

Market Research Future (MRFR), in its newly issued research report, asserts that the global  market is booming and slated to expand exponentially over the review period, recording a substantial market valuation of nearly USD 1.88 billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.

Drivers and Restraints

The growing adoption of these sensors for moisture-sensitive applications in industries, such as healthcare, food & beverages, and textile, among others, is expected to fuel the market growth. The Regulations set by governments of developed economies in regions, including North America and Europe, have mandated the use of such sensors in industries, such as printing, food processing, and textile. The growing demand for contactless sensors that can be deployed in potentially harmful environments, such as places unprotected from radiations, is a major factor driving the market growth. The growing preference for compact and cost-efficient sensing solutions is particularly anticipated to drive the market growth over the forecast period.

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The deployment of microelectromechanical systems (MEMS) technology in sensing applications has been expanding lately. As such, the need for humidity sensor solutions on the basis of the MEMS technology is growing as a result. The growing adoption of wireless sensors in applications, such as greenhouse farming for climate monitoring, is another influential factor expected to fuel the demand for these sensors over the review period. Another significant factor that is expected to support the demand for humidity sensor solutions is the added benefits they can offer over conventional sensors, such as easy implemntation and low power consumption.

Segmental Analysis

The Humidity Sensor market is differentiated by measuring unit, material type, and application.

Based on the material type, the humidity sensor market is segmented as bulk ALO3, thermoplastic polymer, thermo-set polymer, bulk thermoplastic, and lithium chloride film.

The measuring type segment comprises of absolute humidity sensor, relative humidity sensor, and others. The relative sub-segment is divided into electrical conductivity (or resistive) humidity sensors, capacitive humidity sensors, and thermal conductivity humidity sensors. The absolute humidity sensor is bifurcated as solid moisture and mirror based sensor. The other-type of humidity sensors include oscillating hygrometer, optical hygrometer, and gravimetric hygrometer.

The application-based humid sensor segment consists of pharmaceuticals, food processing industry, agriculture, mining, printing & textile, cement, and others  

Regional Analysis

The geographical analysis of Humidity Sensor Market Size has been conducted in four major regions, including the Asia Pacific, Europe, North America, and the rest of the world (Latin America, the Middle East and Africa). North America and Europe are acknowledged to have considerable growth in the humidity sensor market. This region is already familiar with advanced infrastructure in the industrial sector. The need for energy efficient sensors for offering better analysis of the moisture control is surging,  anticipated to be a propelling factor for the humidity sensors market over the review period. Asia Pacific is also projected to be the fastest growing region in the humidity sensor market over the forecast period. Japan, India, and China are the leading economies in the humidity sensor market. This is credited to the growing awareness amid the farmers for the production of improved quality crops in their fields is fueling the demand for humidity sensors in agricultural sector.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are Continental AG (Germany), Infineon Technologies (Germany), BEI Sensors (U.S.), Honeywell International (U.S.), PCE Instruments (U.S.), Hitachi Automotive Systems (Japan), Delphi Corporation (U.K.), Melexis Microelectronic Integrated Systems N.V (Belgium), Sensirion (Switzerland), GE Sensing & Inspection Technologies (U.S.), Custom Sensors & Technologies, Inc.  (U.S.), Robert Bosch GmbH (Germany), and Vectron International (Germany).

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