Digital humidity sensor market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023–2030). The market growth is attributed to the growing demand for industrial applications across the globe. Several major market players are coming up with new products to cater to the demand for industrial applications, although the use of digital solutions can be impeded by excessive noise. For instance, in March 2023, Sensirion launched the SHT40I-Analogue Humidity Sensor, that is intended for use in severe environments and demanding industrial applications where the use of digital solutions may be hindered by excessive noise levels. For high-volume applications, the novel sensor offers simple design-in and output characteristics tailored to the needs of the user. Modern humidity and temperature sensors such as the SHT40I-Analogue were developed for use in demanding industrial applications, including air conditioning and refrigeration systems.

Segmental Outlook

The global digital humidity sensor market is segmented by technology, application, and industry vertical. Based on the technology, the market is sub-segmented into MEMS, CMOS, and others. Based on the application, the market is sub-segmented into the food industry, mining industry, cement industry, and pharmaceutical industry. Furthermore, based on industry vertical, the market is sub-segmented into residential, commercial, automotive, industrial, agriculture, weather stations, healthcare, and others. Among the industry vertical, the automotive sub-segment is anticipated to grow significantly the market. Humidity sensors are being used more frequently to make sure that the air inside cars is properly regulated. The aforementioned sensors can be very useful in reducing inside windscreen fogging.

The Agriculture Sub-Segment is Anticipated to Hold a Considerable Share of the Global Digital Humidity Sensor Market

Among the industry vertical, the agriculture sub-segment is expected to hold a considerable share of the global digital humidity sensor market. The segmental growth is attributed to the growing demand for monitoring multiple parameters in agriculture industry. Innovative digital sensors are usually developed to track multiple variables such as humidity and soil moisture. Thus, the key market players are involved in developing advanced technologies to fulfil the unmet requirements of the agricultural segment. Advanced technologies include soil moisture sensors and others improving existing farming techniques. For instance, in March 2021, Monnit launched an ALTA Soil Moisture Sensor. The sensor informs consumers on a smartphone or computer the amount, and when it is appropriate to water crops or business landscaping. 

Regional Outlook

The global digital humidity sensor market is further segmented based on geography, including North America (the US and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and the Rest of Asia), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market across the globe. Majority of the population of countries such as India and others depends highly on agriculture industry. According to the India Brand Equity Foundation (IBEF), agriculture industry in India is the 2nd largest agricultural land around the globe generating employment for about 50% of the total Indian population.

Global Digital Humidity Sensor Market Growth by Region 2023-2030

North America is Expected to Grow at a Significant CAGR in the Global Digital Humidity Sensor Market

Among all regions, North America is anticipated to grow at a considerable CAGR over the forecast period. The regional market growth is attributed to the significant rise in sensor applications in the automobile industry and the growing demand for manufacturing automation. For instance, in February 2023, according to the Semiconductor Industry Association (SIA), Sales for the global semiconductor sector reached $574.1 billion in 2022, a record-high yearly total and an increase of 3.3% from the $555.9 billion in 2021. Digital humidity sensor is an electronic device for monitoring humidity in the environment. The digital humidity sensor works by converting available data into the electrical signal. Digital humidity sensors alert about changes that occur in the atmosphere such as rising air pollution, temperature, humidity, and others. The properties of the digital humidity sensor to withstand with high and low temperatures make it reliable for the market.

Market Players Outlook

The major companies serving the digital humidity sensor market BorgWarner Inc., Bosch Sensortec GmbH, Continental AG, DENSO Corp., Guangzhou Aosong Electronic Co., Ltd., and others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2023, iMatrix Systems introduces its latest collection of humidity and temperature sensors. The innovative sensors were created especially for uses in agriculture, pharmaceuticals, food and product storage, and transportation tracking. These sensors, referred to as the NEO Series, equipped with an accuracy range of -40°C to 125°C and a relative humidity range of 0 to 100%. In refrigeration and HVAC systems, where precise temperature and humidity control is essential for maintaining product quality and lowering energy costs.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global digital humidity sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.