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Humidity Sensor Market to Reach $11.85 Bn, Globally, by 2027 at 14.2% CAGR: Allied Market Research- Increase in demand for small-sized humidity sensors, rise in installation of personal weather stations, growth in automobile sector, and rise in adoption of IoT and AI in electronics drive the global humidity sensor market PORTLAND, Oregon, May 18, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Humidity Sensor Market by Product (Relative and Absolute) Type (Digital and Analog), and End Use (Residential, Commercial, Automotive, Industrial, Agriculture, Weather Station, and Healthcare): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global humidity sensor market garnered $4.0 billion in 2019, and is estimated to reach $11.85 billion by 2027, registering a CAGR of 14.2% from 2020 to 2027.  Drivers, restraints, and opportunities Rise in demand for small-sized humidity sensors, increase in installation of personal weather stations, growth in automobile sector, and surge in adoption of IoT and AI in electronics drive the global humidity sensor market. However, need of improvement in technical specifications of humidity sensor restrains the market growth. On the other hand, development of vertical farming and precise farming create new opportunities in the coming years. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1708 COVID-19 Scenario
The relative segment to maintain its lead status in terms of revenue throughout the forecast period Based on product, the relative segment accounted for more than four-fifths of the global humidity sensor market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to operational simplicity and wide range of applications of relative humidity sensors. Moreover, this segment is estimated to portray the highest CAGR of 14.9% from 2020 to 2027. The report also analyzes the absolute segment throughout the forecast period. The digital segment to maintain its leadership position during the forecast period Based on type, the digital segment contributed to the highest market share with nearly three-fifths of the global humidity sensor market share in 2019, and is estmated to maintain its leadership position during the forecast period. This is attributed to increase in adoption of IoT devices. Moreover, this segment is estimated to portray the highest CAGR of 16.3% from 2020 to 2027. The report also analyzes the analog segment throughout the forecast period. Asia-Pacific, followed by North America, to maintain its dominant by 2027 Based on region, Asia-Pacific, followed by North America, accounted for the highest share based on revenue, holding for more than half of the global humidity sensor market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to rise in technological innovations in the automotive industry. Moreover, this region is estimated to portray the highest CAGR of 15.6% from 2020 to 2027. The report also analyzes the regions such as Europe, and LAMEA. Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/1708 Leading market players
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports: Pressure Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Smart Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 MEMS Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Level Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 RFID Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Pre-Book Now with 12% Discount: Ingestible Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Gas Sensor Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact Us: Web: http://www.alliedmarketresearch.com Follow us on: https://www.linkedin.com/company/allied-market-research/ Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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