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Humidity Sensor Market Share

Report ID: GMI5152
Published Date: Nov 2021
Report Format: PDF

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Humidity Sensor Market Share

Prominent companies operating in the market are:

Honeywell International Inc
Sensirion AG
TE Connectivity
Amphenol
Schneider Electric
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.

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of humidity sensor had crossed USD 500 million in 2020 and is expected to rise at a 6% CAGR through 2027 owing to higher penetration in several automotive applications, including climate control, powertrain management systems, energy management, and windscreen fogging.

Humidity sensors are devices that sense, measure, as well as report the relative humidity (RH) of air and determine the amount of water vapor that is present in the gas mixture (air) or pure gas.

Capacitive sensors held over 55% of the market share in 2020 and could observe a growth rate of more than 7.5% through 2027 as they provide several advantages, such as flexibility, low maintenance, and high durability at low temperatures.

Asia Pacific accounted for close to 40% of the revenue share in 2020 and will rise at a CAGR of around 7.5% through 2027 owing to the increasing government emphasis on monitoring the climate and environmental changes in the atmosphere.