Humidity Sensor Market, by Type
Humidity Sensor Market, by Type (Absolute Humidity Sensor, Relative Humidity Sensor), by End-user (Automotive, Pharmaceutical & Healthcare, Industrial, Building Automation & Domestic Appliances, Food & Beverages, Environmental, Agriculture and Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
Global Humidity Sensor Industry Insights, 2026:
Global humidity sensor market forecast will surpass $1,551.9 million by 2026, rising from $870.1 million in 2018, at a CAGR of 7.5%. On the basis of region, the North America region held the largest market value accounting for $244.5 million in 2026. Asia-Pacific region is expected to boost the global humidity sensor market accounting for $405.0 million by 2026.
Humidity sensor is a type of sensor that converts moisture present in bulk materials, gases, air, or soil into an electric output signal. This device is also called as hygrometer which updates the relative humidity in air on a regular basis. It detects air temperature as well as air moisture. These sensors consist of two metal plates with a non-conductive polymer film in-between them. This film absorbs moisture present in the air which is responsible for causing minor fluctuations in the voltage between the two plates. Humidity sensors are extensively used in woodworking equipment, textile machineries, and printing & paper equipment for measuring humidity in the air.
Driving Factors: The advancements in the humidity sensor technology is anticipated to drive the humidity sensor market
Humidity sensors offer various advantages over conventional sensors such as lesser power consumption, easy installation, and enhanced transducer performance, better design of the structure, enhanced sensing of elements, advanced principle of mechanism and fabrication technologies.
Miniaturization of electronic devices is anticipated to create better growth opportunities for the global humidity sensor market over the forecasted period
Increasing awareness among the manufacturing industries about the humidity sensor that can help to reduce the cost associated with the maintenance is expected to create key growth opportunities for this market over the forecast period.
The absolute humidity sensor segment led the global humidity sensors market with the highest market share valued at 60% of the total market in 2018. The absolute humidity sensor accounted for $522.1 million in 2018 and is expected to grow at a CAGR of 7.0%. However, the relative humidity sensor segment is projected to lead the global humidity sensor market during the forecasted period,accounting for $577.3 million by 2026 growing at a CAGR of 8.3%. Relative humidity sensorsegment is growing rapidly as these sensors are widely usedsince they are cost-sensitive and havehigh-volume applications, for instance office automation, automotive cabin air control, industrial process control systems, and home appliancesamong various others.
The automotive segment held the largest market value in 2018 accounting for $160.1million and is anticipated to reach $277.8 million by 2026, growing at a CAGR of 7.1% during the forecast period. However, the industrial segment is anticipated to reach $242.1 million by 2026, growing at a CAGR 7.9% during the projected timeframe. The humidity sensors are widely used in many industries such as power & energy, oil & gas, paper, and textile, mining, among other industries, to monitor the ambient moisture. This growth is expected to drive the industrial end-user segment during the projected time frame.
North America humidity sensors market held the largest market value in 2018 accounting for $244.5 million and is projected to continue its dominance during the projected time frame which is expected to reach $419.0 million growing at a CAGR of 7.0%. Asia-Pacific region is projected to lead the market over the forecast period growing at CAGR of 7.9% and is projected to reach $405.0 million by 2026.The growth is majorly due to the strict regulations that are being laid by the regulatory agencies and governments in various countries such as India, China and South Korea.These regions are aggressively applying safety and emission control standards that mandates the setting up of humidity sensors in cars.
Humidity sensor market players include Michell GmbH,General Electric Co., Honeywell International Inc., Sensirion AG, Innovative Sensor Technology (IST) AG, B+B Thermo-Technik GmbH, Arthur Grillo GmbH, E + E Elektronik GES.M.B.H,Galltec Mess-und Regeltechnik GmbH, and TE Connectivity. Acquisitions and product development are the key strategies that are being opted by the key industry participants to continue their market position in the regional and global markets.The humidity sensorkey players are prominentlyfocusingon technologicaldevelopments, mergers and acquisitions,new product launches, and geographical expansion. These are some of the growth strategies adopted by these companies.
Porter’s Five Forces Analysis for Humidity Sensor Market:
1.Bargaining Power of Suppliers: The number of key manufacturers in humidity sensor market are very high, and thus the bargaining power of suppliers is very high.The bargaining power of suppliers is High.
2.Bargaining Power of Consumers:In this market, the number of consumers is high.The bargaining power of consumers is High.
3.Threat of new entrants: A huge initial investment is required for themanufacturing ofhumidity sensor devices, andthus the threat of new entrants is low. The threat of new entrants is Low.
4.Threat of substitutes:
There are no substitutes present for the humidity sensor, and thus the threat of substitute is low.The threat of substitutes is Low.
5.Competitive rivalry in the industry:
This market contains fewmarket participants. Many of the key players are following similar strategies for the improvement of technologies. The competitive rivalry in the industry is High.
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by End-user
Key Countries Covered
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Latin America, Middle East and Africa
Key Companies Profiled
Q1. What is the size of the humidity sensor market?
A. The global humidity sensor market size was over $870.1million in 2018 and is further anticipated to reach $1,551.9million by 2026.
Q2. Which are the leading companies in the humidity sensor market?
A. Honeywell International Inc, and Michell GmbHare some of the key players in the global humidity sensor market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years
Q4. What is the growth rate of the Asia-Pacific Market?
A. Asia-Pacifichumidity sensor market is projected to grow at 7.9% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product development and joint ventures are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more in R&D practices?
A. Honeywell International Inc. and General Electric Co.areinvesting more in R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.Market value chain analysis
4.Humidity Sensor Market, by Type
4.1.Absolute Humidity Sensor
4.1.1.Market size and forecast, by region, 2019-2026
4.1.2.Comparative market share analysis, 2018 &2026
4.2.Relative Humidity Sensor
4.2.1.Market size and forecast, by region, 2019-2026
4.2.2.Comparative market share analysis, 2018 &2026
4.3.1.Market size and forecast, by region, 2019-2026
4.3.2.Comparative market share analysis, 2018 &2026
5.Humidity Sensor Market, by End-user
5.1.1.Market size and forecast, by region, 2019-2026
5.1.2.Comparative market share analysis, 2018 &2026
5.2.Pharmaceutical & Healthcare
5.2.1.Market size and forecast, by region, 2019-2026
5.2.2.Comparative market share analysis, 2018 &2026
5.3.1.Market size and forecast, by region, 2019-2026
5.3.2.Comparative market share analysis, 2018 &2026
5.4.Building Automation & Domestic Appliances
5.4.1.Market size and forecast, by region, 2019-2026
5.4.2.Comparative market share analysis, 2018 &2026
5.5.Food & Beverages
5.5.1.Market size and forecast, by region, 2019-2026
5.5.2.Comparative market share analysis, 2018 &2026
5.6.1.Market size and forecast, by region, 2019-2026
5.6.2.Comparative market share analysis, 2018 &2026
5.7.1.Market size and forecast, by region, 2019-2026
5.7.2.Comparative market share analysis, 2018 &2026
5.8.1.Market size and forecast, by region, 2019-2026
5.8.2.Comparative market share analysis, 2018 &2026
6.Humidity Sensor Market, by Region
6.2.Market size and forecast, by Type, 2019-2026
6.3.Market size and forecast, by End-user, 2019-2026
6.4.Market size and forecast, by country, 2019-2026
6.5.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
6.6.1.Market size and forecast, by Type, 2019-2026
6.6.2.Market size and forecast, by End-user, 2019-2026
6.6.3.Market size and forecast, by country, 2019-2026
6.6.4.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
6.6.10.Rest of Europe
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
6.7.1.Market size and forecast, by Type, 2019-2026
6.7.2.Market size and forecast, by End-user, 2019-2026
6.7.3.Market size and forecast, by country, 2019-2026
6.7.4.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
6.7.10.Rest of Asia-Pacific
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
6.8.1.Market size and forecast, by Type, 2019-2026
6.8.2.Market size and forecast, by End-user, 2019-2026
6.8.3.Market size and forecast, by country, 2019-2026
6.8.4.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
220.127.116.11.Market size and forecast, by Type, 2019-2026
18.104.22.168.Market size and forecast, by End-user, 2019-2026
22.214.171.124.Comparative market share analysis, 2018 &2026
126.96.36.199.Market size and forecast, by Type, 2019-2026
188.8.131.52.Market size and forecast, by End-user, 2019-2026
184.108.40.206.Comparative market share analysis, 2018 &2026
7.1.Honeywell International Inc.
7.1.4.Recent strategic moves & developments
7.2.General Electric Co.
7.2.4.Recent strategic moves & developments
7.3. Sensirion AG
7.3.4.Recent strategic moves & developments
7.4.B+B Thermo-Technik GmbH
7.4.4.Recent strategic moves & developments
7.5.Innovative Sensor Technology (IST) AG
7.5.4.Recent strategic moves & developments
7.6. E + E Elektronik GES.M.B.H
7.6.4.Recent strategic moves & developments
7.7.4.Recent strategic moves & developments
7.8.Galltec Mess-und Regeltechnik GmbH
7.8.4.Recent strategic moves & developments
7.9.Arthur Grillo GmbH
7.9.4.Recent strategic moves & developments
7.10.4.Recent strategic moves & developments
Humidity sensor, also known as hygrometer,is type of sensor that detects the surrounding moisture and transforms it into small electrical pulses. These electrical pulses are recorded, exhibited, and stored in the device to activate an alarm when the humidity rises at a certain level. Comprising of two metallic plates and a non-conductive film of polymer between them, this sensor registers humidity when the voltage between these two plates change. The polymer film absorbs the existing moisture in the air, which is blamable for causing minor voltage fluctuations between the two metallic plates. As per Research Dive blog, humidity sensors are widely used in printing & paper equipment, textile machineries, and woodworking equipment for measuring humidity in the air.
Recent Developments in Humidity Sensor Industry
The technology is advancing and the top gaining players of the global humidity sensor industry are coming up with new strategies and products to strengthen the position of the market.
For instance, in March 2016, a leading manufacturer of temperature and humidity sensors, Sensirion, launched “STS3x”. This industry-proven sensor technology offers increased intelligence, improved accuracy, and reliability compared to other sensors. Later, in November 2017, the company launched the upgraded version of STS3x, the “STS35” humidity sensor. This is the most versatile and accurate sensor of the STS3x series by Sensirion. This humidity sensor has been designed to fulfill the needs of the automotive and medical sectors.
In June 2017, Intel and Bosch came into partnership to introduce a tool of air quality monitoring. This tool uses sensors and software for rapidly and accurately measuring the air pollutants. It can also measure relative humidity, sound, light pressure, and temperature.
In October 2017, Bosch Sensortec launched its product“BME280”, which is an integrated environment unit combining sensors for temperature, pressure, and humidity in a single package. One of the best feature of this sensor is its quick response time for excellent humidity determination, ambient temperature management, and low consumption of energy. This sensor is mainly designed for evolving high-performance applications such as fitness applications, indoor navigation, home automation control, etc.
In April 2019, Sensirion launched SVM30, which is a multi-gas, temperature and humidity module. This module is designed and developed for acceleratingthe sensor integration. It also delivers air quality output signals and regulated compensation of humidity cross-sensitivity.
In October 2019, a developer of medical sensors, Silicon Microstructures was acquired by TE Connectivity. The aim of TE Connectivity through this acquisition is to expand its market share in the expansion of integrated sensor products for industrial applications, medical, and transportation.
Potential Future of Humidity Sensor Market
Global humiditysensor market is estimated to experience a progressive growth during the forecast period. Technology is playing a crucial role in creating massive opportunities for the vendors in the global market. Increasing trend towards miniaturization of electronic devices is also predicted to drive the market growth from 2019 to 2026. However, high costs associated with these sensors is restricting the growth of humidity sensor market.
Advantages and advancements in humidity sensors is a significant factor giving substantial uplift to the growth of humidity sensor market in the coming years. As per the Research Dive report statistics, the industrial machine vision lens market is expected to reach up to $1,551.9 million by the end of 2026. Geographically, the North America region is likely to dominate the industry due to the presence of major market players in this region. In addition, the report profiles prominent players operating in the global market who are focusing more on technological developments and geographical expansion to maintain a strong position in the global industry.