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Humidity Sensor Market Size

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

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Humidity Sensor Market Size

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.

Humidity Sensor Market Overview

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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.

Humidity Sensor Market Report Attributes
Report Attribute	Details
Base Year:	2020
Humidity Sensor Market Size in 2020:	500 Million (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	6.5%
2027 Value Projection:	1 Billion (USD)
Historical Data for:	2016 to 2020
No. of Pages:	250
Tables, Charts & Figures:	198
Segments covered:	Product, Output, Application
Growth Drivers:	Rising adoption in automotive sector Development of vertical farming and precise farming in agriculture sector Growing demand for humidity sensing in industrial processes Proliferation of smart home in developing nations Integration of new technologies such as AI, IoT, and machine learning in humidity sensor portfolio Increasing adoption for HVAC and building automation
Pitfalls & Challenges:	Inaccuracy in devices in terms of non-linearity and offset errors

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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.