Digital Humidity Sensor Market | Business Growth, Development Factors, Current and Future Trends till 2030 | Robert Bosch GMBH RS Components Ltd. Semiconductor Components Industries, LLC

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.

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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.

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• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Digital Humidity Sensor Market by Technology
o MEMS (Micro Electro-Mechanical System)
o CMOS (Complementary Metal Oxide Semiconductor)
o Others

Global Digital Humidity Sensor Market by Industry Vertical
o Residential
o Commercial

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o BorgWarner Inc.
o Bosch Sensortec GmbH
o Continental AG
o DENSO Corp.
o Guangzhou Aosong Electronic Co., Ltd.
o Infineon Technologies AG
o Littelfuse, Inc
o Robert Bosch GMBH
o RS Components Ltd.
o Semiconductor Components Industries, LLC
o Sensata Technologies, Inc.
o STMicroelectronics
o TDK Corp.
o TE Connectivity
o Texas Instruments Inc.

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.

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