Humidity Sensor Market Share - Top Key Players, Growth, Segments, Business Trends to 2023

The global humidity sensor market is expected to grow at a CAGR of 15% and attain USD 1.88 Bn over the forecast period of 2017-2023, as per a research report published by Market Research Future (MRFR). Humidity sensors find extensive application in biomedical, food & beverage, agriculture, environmental, industrial sector and growth in end-user industries is boosting the growth of the market. Humidity sensors are extensively used in food & beverage industry as measurement of moisture content is crucial in food processing and storing. Improvements in sensor manufacturing technologies have aided the growth of the market.

Advancements in technology has resulted in post-process speed, modern signal conditioning methods, low-power and low-cost microelectronic hybrid circuits, and advances in miniaturization technologies which induces demand for humidity sensors. Increasing demand for humidity sensors in luxury cars and other automobiles to ensure comfort of the riders is propelling the growth of the market. Increased adoption of humidity sensors in domestic applications such as intelligent monitoring of living environments in buildings, and cooking control for microwaves fuels the growth of the market. Additionally, there is constant use of humidity sensors in manufacture of highly sophisticated integrated circuits which further drives the market for humidity sensors. In the medical field, humidity sensors are used in respiratory equipment, sterilizers, incubators, biological products and pharmaceutical processing. High costs associated with humidity sensors are limiting the growth of the market. The market growth might be hindered by introduction of alternative technologies which has resulted in a reduction of price of humidity sensors.

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Segmentation

The global humidity sensor market has been segmented based on material type, measuring unit, and application. By material type, the market has been segmented into thermo-set polymer, thermoplastic polymer, bulk thermoplastic, bulk ALO3, and lithium chloride film.

By measuring type, the market has been segmented into relative humidity sensor, absolute humidity sensor, and others. The relative sub-segment is further segmented into capacitive humidity sensors, electrical conductivity (or resistive) humidity sensors, and thermal conductivity humidity sensors. The absolute humidity sensor sub-segment is further segmented into solid moisture and mirror based sensor. The other type humidity sensor sub-segment is further segmented into optical hygrometer, oscillating hygrometer, and gravimetric hygrometer.

By application, Humidity Sensor Market Share has been segmented into agriculture, food processing industry, mining, cement, printing & textile, pharmaceuticals, and others.

Regional Analysis

The key markets of the global humidity sensors market include North America, Asia Pacific, Europe, and the Rest of the World. North America and Europe are the leading markets owing to the presence of robust infrastructure in the industrial sector. Asia Pacific is expected to be the fastest growing market due to the naturally humid climate which requires the use of humidity sensors, particularly in applications where humidity control is key. India, Japan, and China are expected to be the key contributors owing to increasing awareness among farmers for the production of better yield.

Competitive Landscape

The notable players of the market include BEI Sensors (U.S.), Infineon Technologies (Germany), Honeywell International (U.S.), Delphi Corporation (U.K.), Sensirion (Switzerland), Custom Sensors & Technologies, Inc.  (U.S.), Custom Sensors & Technologies, Inc.  (U.S.), Continental AG (Germany), PCE Instruments (U.S.), Hitachi Automotive Systems (Japan), Melexis Microelectronic Integrated Systems N.V (Belgium), GE Sensing & Inspection Technologies (U.S.), and Robert Bosch GmbH (Germany)

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