Humidity Sensor Market Size By Product (Relative [Capacitive, Resistive], Absolute), By Output (Analog, Digital), By Application (Automotive, Industrial, Pharmaceutical & Healthcare, HVAC (Heating, Ventilation, and Air Conditioning) & Building automation, Agriculture, Environmental]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Humidity Sensor Market size exceeded USD 500 million in 2020 and is projected to grow at over 6% CAGR between 2021 and 2027. The market growth is attributed to the rising adoption in various automotive applications, such as climate control, powertrain management systems, energy management, and windscreen fogging, among others.
 

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Humidity sensors offer high linearity, improved accuracy & reliability, and fast response time, which will propel its demand in the vehicle air conditioning systems to meet stringent regulations around the globe. Market players are focused on new product launches to provide accurate & reliable solutions for automotive applications.
 

The COVID-19 pandemic has adversely impacted the growth opportunities for humidity sensors with the closure of several manufacturing facilities, disruptions in the supply chain, and international trade barriers. The declining demand from end-user industries has led several OEMs to reduce their production capacity, limiting market opportunities for humidity sensors. However, by the middle of 2021, the rising demand for monitoring air quality & moisture in autonomous vehicles encouraged manufacturers to restructure their production facilities and increase investments in humidity sensing technology to gain a significant competitive advantage in the market.
 

Growing usage of HVAC systems will spur the segment growth

The capacitive humidity sensor market dominated more than 55% of revenue share in 2020 and is anticipated to witness 7.5% growth rate through 2027. The capacitive humidity sensor offers several advantages, such as flexibility, low maintenance, and high durability, at low temperatures. Capacitive sensors are experiencing increasing acceptance from HVAC applications owing to their high repeatability, sensitivity, stability, and resistance to pollutants.
 

Furthermore, the ability of these sensors to improve indoor air quality and control moisture levels in the air has resulted in an increasing demand from HVAC applications in the coming years. Several key leaders are emphasizing on developing innovative and improved products with enhanced measuring capacity to increase their market footprint.
 

Rising adoption of digital technology in smart home appliances to foster the humidity sensor market expansion

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The digital output segment accounted for 60% of the humidity sensor market share in 2020 and is estimated to attain a CAGR of 7.5% by 2027. Digital humidity sensors provide numerous advantages such as wide range measurement, improved dwell time, low-cost solution, and fast time to market. This encourages electronic manufacturers to adopt sensors with digital output in smart home appliances, increasing their reliability & durability, further fueling the industry growth. Humidity sensor manufacturers are focusing on integrating digital interface in their sensors offerings to cater to the high demand from various environmental monitoring applications.
 

Increased demand for protecting foods from contamination for long duration is supporting the humidity sensor market progression

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The industrial segment held 30% of the market share in 2020 and is poised to expand at 8% CAGR till 2027. The growth can be credited to the growing need for cooling system monitoring in the food & beverage industry. These sensors are used to regulate high moisture levels that can contaminate and deteriorate the quality of food. The increasing demand for high-quality food assets that can withstand long duration of time is encouraging manufacturers to develop consumer-specific sensors to gain a competitive edge in the market.
 

Growing awareness for mitigating climate change will create growth opportunities for the APAC region

Asia Pacific humidity sensor market captured 40% of revenue share in 2020 and is predicted to grow at a CAGR of around 7.5% during 2021 to 2027. The growth is driven by governments' increasing emphasis on monitoring climate and environmental changes in the atmosphere. Rising industrialization has resulted in increased pollution, high humidity, and extreme temperature, which have negative impacts on environmental conditions. The government and public authorities are increasing their investments to boost awareness about climate changes & green recovery, further accelerating the market opportunities for humidity sensors during the forecast timeline.
 

Focus on new strategic initiatives to remain competitive in the industry

Prominent companies operating in the market are Honeywell International Inc., Sensirion AG, TE Connectivity, Amphenol, Schneider Electric, and Texas Instruments Incorporated. These market participants are extensively focusing on various strategies, such as development of new products, mergers & acquisitions, to impel their product offerings and cater to the competitiveness.
 

The humidity sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

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Market, By Product

• Relative sensor
  • Capacitive
  • Resistive
• Absolute sensor

Market, By Output

• Analog
• Digital

Market, By Application

• Automotive
• Industrial
• Pharmaceutical & Healthcare
• HVAC & Building automation
• Agriculture
• Environmental
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa