Digital Temperature and Humidity Sensor Market by Sensor Type (Temperature Sensor, Humidity Sensor)
Industry: Semiconductor Electronics
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33389
The Global Digital Temperature and Humidity Sensor Market size is expected to reach US$ 5.3 billion by 2032. A valuation of US$ 2.6 billion was expected for the market in 2022. It is likely to showcase steady growth at a CAGR of 7.2% from 2022 to 2032.
Moisture detecting devices are considered to be an important component of today’s connected world. Various applications throughout an individual’s lives are becoming more and more dependent on these sensors.
The market is anticipated to expand as a result of growing acceptance of these devices for moisture-sensitive applications. Numerous sectors, including healthcare, food & beverage, and textile use these sensors. Authorities of mature economies have imposed regulations requiring the use of these detectors in sectors such as food manufacturing, publishing, and weaving.
In the food & beverage business, for instance, the Food Safety and Standards Authority of India (FSSAI) has mandated the use of these sensors. High levels of moisture might result in contamination and bad product quality. It is equally focused on creating fresh and cutting-edge relative humidity sensor solutions similar to those based on infrared technology.
There is a growing need for sensors that can monitor and report environmental conditions such as temperature and humidity in real-time. It can be attributed to the rise of automation and adoption of the internet of things (IoT). Digital temperature and humidity sensors can be integrated into automated systems and IoT devices to provide accurate data for analysis & control.
Digital temperature and humidity sensors are widely used in various industrial applications. These include heating, ventilation, and air conditioning systems, food processing, pharmaceuticals, and automotive manufacturing. These sensors play a crucial role in maintaining optimal conditions for processes, product quality, and safety.
Digital temperature and humidity sensors are also used in healthcare settings to monitor environmental conditions in hospitals, laboratories, and other medical facilities. They are also increasingly being used in smart homes to maintain optimal temperature and humidity levels for the comfort of occupants.
| Attributes | Key Insights |
|---|---|
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Digital Temperature and Humidity Sensor Market Estimated Size (2022E) |
US$ 2.6 billion |
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Projected Market Valuation (2032F) |
US$ 5.3 billion |
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Value-based CAGR (2022 to 2032) |
7.2% |
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USA Value-based CAGR (2022 to 2032) |
6.0% |
As per Persistence Market Research (PMR), the global digital temperature and humidity sensor market share was considerable in the last five years. It exhibited a CAGR of around 10.9% from 2017 to 2021. It is anticipated to witness decent growth at a CAGR of 7.2% from 2022 to 2032.
Digital temperature and humidity sensors can help reduce energy consumption by optimizing heating, ventilation, and air conditioning systems, as well as other environmental controls. By monitoring and adjusting conditions based on real-time data, energy can be saved while maintaining optimal conditions.
Digital temperature and humidity sensors are known for their accuracy and reliability. That is why they are widely used in various industries such as healthcare, food processing, and automotive manufacturing. Demand for such sensors is expected to increase as companies seek to improve the quality, safety, and efficiency of their operations.
Advances in sensor technology have made it easier and more cost-effective to deploy digital temperature and humidity sensors in various applications. A couple of significant advancements include miniaturization and wireless communication. It has expanded the potential market for these sensors and is expected to drive sales in the next ten years.
North America digital temperature and humidity sensor market size was US$ 640.1 million in 2021. It crossed a valuation of about US$ 709.2 million in 2022. The region is expected to witness a CAGR of 27.1% from 2022 to 2032.
Digital temperature and humidity sensors have a wide range of applications. These include automotive and IoT devices. These can also be used in home automation systems to monitor the temperature of one’s home.
Home automation is installed in a significant number of homes across North America. Around 43.6 million homes in 2018 had smart home automation installed.
By 2027, it is estimated that about 111.8 million homes will have smart home automation. Rising number of smart homes in the region is projected to expand the market for digital temperature and humidity sensors during the assessment period.
Why is the United States of America Exhibiting High Digital Temperature and Humidity Monitor Demand?
The United States of America digital temperature and humidity sensor market is expected to be worth US$ 826.8 million by 2032. It is likely to create an absolute dollar growth of US$ 367.2 million till 2032.
The United States of America market witnessed growth at a CAGR of 7.8% from 2017 to 2021. It is expected to flourish at a CAGR of 6.0% from 2022 to 2032.
In 2020, there were around 8.8 million cars produced in the United States of America. It rose to around 9.1 million cars in 2021. Digital temperature and humidity sensors are utilized in the automotive industry to check the temperature of engine and engine oil.
Humidity sensors are also being widely utilized in automated temperature control systems. Rising production of automobiles in the country is set to expand digital temperature and humidity sensor demand by 2032.
Would the United Kingdom Showcase Rising Sales of Digital Temperature and Humidity Data Loggers?
The United Kingdom digital temperature and humidity sensor market is projected to surpass US$ 134.4 million by 2032. It is set to create an incremental opportunity of US$ 56.8 million during the evaluation period.
The United Kingdom witnessed growth at a CAGR of 6.4% from 2017 to 2021. It is likely to elevate at a CAGR of 5.6% from 2022 to 2032.
In 2020, there were around 106 million IoT-connected devices in the United Kingdom. This number is projected to expand to about 149 million devices by 2025. Rising integration of digital temperature and humidity sensors with IoT devices for temperature control would drive sales in the country.
Is China a Crucial Digital Temperature Humidity Sensor Chip Manufacturing Hub?
China digital temperature and humidity sensor market is expected to be worth US$ 1.3 billion by 2032. It is estimated to create an absolute dollar opportunity of US$ 747.5 million till 2032.
China exhibited steady growth at a CAGR of 13.1% from 2017 to 2021. It is expected to escalate at a CAGR of 8.7% from 2022 to 2032.
China is one of the predominant car manufacturers in the world, producing around 25 million vehicles in 2020. Number of cars produced in the country rose to around 27 million in 2022. Rising demand for automobiles in the country is projected to boost digital temperature and humidity sensor sales.
Which is the Most Preferred Remote Temperature and Humidity Sensor Worldwide?
The humidity sensor segment is projected to witness significant growth by 2032. It exhibited growth at a CAGR of 10.5% from 2017 to 2021. It is expected to bolster at a CAGR of 7.1% from 2022 to 2032.
Surging use of humidity sensors in sectors such as healthcare, food, beverage, and textiles is projected to push demand for humidity sensors. Governments have enacted strict regulations that require the use of humidity sensors in industries.
In food processing sector, these sensors are utilized to avoid contamination as high levels of moisture can lower the quality of food. Humidity sensors are also being used in the automotive industry to prevent windscreen fogging.
They are very useful for determining dew point and air intake of cars. With adoption of humidity sensors in various industries, their demand is projected to expand.
Which is the Leading Application of Wi-Fi Temperature and Humidity Sensors?
The body electronics segment is likely to remain at the forefront in the forecast period. It is estimated to witness prominent growth at a CAGR of 7.0% from 2022 to 2032. It exhibited a decent growth rate at a CAGR of 10.1% from 2017 to 2021.
Automotive heating, ventilation, and air conditioning system is the term used to describe the system that controls temperature, humidity, and airflow inside a car. Growing demand for vehicle safety and comfort features for passengers has resulted in high demand for these systems.
Heating, ventilation, and air conditioning system is crucial in achieving the goal of giving consumers a comfortable and safe driving experience. Adoption of automatic climate control systems is growing across the automobile industry.
These systems make use of sensors and algorithms to modify the temperature and airflow inside a car depending on the outside conditions. It further makes driving more comfortable and effective. With rising adoption of automatic climate control sensors in the automobile industry, demand for body electronics is projected to expand.
The digital temperature and humidity sensor market is moderately competitive. It has improved its scenario in the last five years.
Top market players are making significant investments in research and development. They are also using the introduction of novel products as their primary tactic to maintain and grow their share.
They are concentrating on creating cutting-edge humidity level sensor solutions based on infrared technology. As part of their attempts to broaden their position, they are placing a strong emphasis on increasing their manufacturing capacity.
A few recent developments in the digital temperature and humidity sensor market are:
| Attribute | Details |
|---|---|
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Estimated Market Size (2022) |
US$ 2.6 billion |
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Projected Market Valuation (2032) |
US$ 5.3 billion |
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Value-based CAGR (2022 to 2032) |
7.2% |
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Forecast Period |
2022 to 2032 |
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Historical Data Available for |
2017 to 2021 |
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Market Analysis |
Value (US$ billion) |
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Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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The global digital temperature and humidity sensor industry was worth US$ 2.4 billion in 2021.
The global digital temperature and humidity sensor industry reached a valuation of US$ 2.6 billion in 2022.
Valuation of the digital temperature and humidity sensor industry is set to be US$ 5.3 billion in 2032.
The global digital temperature and humidity sensor industry exhibited a CAGR of 10.9% over the last 4 years.
The global digital temperature and humidity sensor industry is expected to showcase a CAGR of 7.2% in the next ten years.
The body electronics segment by application is projected to garner a significant value share by 2022.
Japan and South Korea digital temperature and humidity sensor industry would showcase growth at 7.5% and 7.7% CAGRs, respectively from 2022 to 2032.
