SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community




TMCNet:  Top Emerging Trends in the Global Humidity Sensor Market | Technavio

[April 22, 2018]

Top Emerging Trends in the Global Humidity Sensor Market | Technavio

Technavio's latest market research report on the global humidity sensor market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180422005075/en/

Technavio has published a new market research report on the global humidity sensor market from 2018- ...

Technavio has published a new market research report on the global humidity sensor market from 2018-2022. (Graphic: Business Wire)

According to Technavio market research analysts, the global humidity sensor market will grow at a CAGR of over 12% during the forecast period. Government regulations and vehicle emission control in the automotive segment is a major factor driving the market's growth.

In several countries, governments and regulatory organizations are implementing safety and emission control standards, which require the installation of sensors such as humidity sensors in cars. Automotive manufacturing companies must comply with these safety and emission control regulations set by the authorities. During the forecast period, this trend is expected to boost the demand for humidity sensors. Humidity sensors have a variety of applications, which is driving its high adoption for different types of cars such as electrical, hybrid, and driverless cars.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio's current offers

In this report, Technavio highlights the growing trend of IoT as one of the key emerging trends in the global humidity sensor market:

Growing trend of IoT

Connecting electronic devices to the Internet, and thereby, facilitating data transfer over a wireless (or wired) network is known as IoT. This technology is popular because it needs minimum human intervention. Devices required for this technology should have sensors, such as humidity sensors, which will play a key role in mobile sensing, ensuring that the technology delivers an efficient performance. IoT integrates technologies such as data communication, hardware design, as well as data storage and mining.

"As sensors form the very foundation of enhanced security and minimum human intervention, IoT will make extensive use of sensor technology. Moreover, IoT will be mostly used in wearables, smart homes, industrial automation, and automated cars. For smart management, humidity sensors would be used in buildings. HVAC systems also implement these sensors. Humidity controls, when integrated with other solutions, can provide data on hot and cool pockets in a building to optimize the use of HVAC. Hence, the market for humidity sensors are expected to grow further with the proliferation of IoT," says a senior analyst at Technavio for research on sensors.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global humidity sensor market segmentation

This market research report segments the global humidity sensor market into the following applications, including industrial applications, consumer electronics, HVAC systems, climate and test chambers, and oil and gas and key regions, including the Americas, APAC, and EMEA.

The industrial applications segment held the largest market share in 2017, accounting for nearly 38% of the market. The market share for this application is expected to increase nearly 3% by 2022. The fastest growing application is the consumer electronics, which will account for nearly 26% of the total market share by 2022.

APAC was the leading region for the global humidity sensor market in 2017, accounting for a market share of nearly 40%. By 2022, APAC is expected to continue dominating the market and register a positive growth.






 

Technavio's best deals of the month!

Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.

OR

Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


[ Back To Mobile World Congress's Homepage ]




Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy