About Humidity Sensor
A humidity sensor measures and reports relative humidity in the atmosphere. It measures both air temperature and moisture content in the surrounding atmosphere.
Technavio’s analysts forecast the global humidity sensor market to grow at a CAGR of 12.07% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global humidity sensor market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Humidity Sensor Market 2018-2022
Technavio recognizes the following companies as the key players in the global humidity sensor market: Analog Devices, Honeywell, Infineon Technologies, NXP Semiconductors, Robert Bosch, and STMicroelectronics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for contactless humidity sensors. Contactless humidity sensors are less complex as compared with contact humidity sensors and they exhibit a high accuracy of readings. Moreover, the contactless humidity sensors are considered superior to contact humidity sensors as they are compact and occupies less space and possess an excellent data acquisition system.”
According to the report, one driver in the market is growing importance of humidity sensors in industries such as food and beverage. Food and beverage industries require humidity sensors as they help in preserving the food products by maintaining the right level of humidity and moisture. To maintain the freshness and quality, food and beverages require accurate moisture level.
Further, the report states that one challenge in the market is continual price reductions. The global humidity sensor market is highly competitive due to the presence of many manufacturers. As the competition intensifies, the manufacturers compete based on product quality, performance, and price.
Analog Devices, Honeywell, Infineon Technologies, NXP Semiconductors, Robert Bosch, and STMicroelectronics.