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The Asia Pacific region is witnessing robust growth owing to the rising demand for humidity sensors due to rapid industrialisation. Moreover, the deteriorating air quality in many countries in the region is increasing the use of air quality monitoring systems embedded with humidity sensors. The expansion of the healthcare industry due to various government initiatives in countries such as India and Indonesia are increasing the usage of humidity sensors in various hospitals and nursing facilities to increase the comfortability of patients, hence bolstering the market growth. Moreover, the rising popularity of electric vehicles in countries such as India and China is surging the demand for humidity sensors; as a result, significantly contributing to the market growth.
Texas Instruments Incorporated (NASDAQ: TXN), one of the leading companies in the market, introduced a new family of humidity sensors, HDC3020 and HDC3020-Q1, to provide high reliability and accuracy while consuming the lowest power in the industry. The products would allow engineers to create more reliable and efficient automotive systems to withstand potential damage caused by moisture while reacting to evolving water vapour conditions. They also protect data integrity under stressful conditions. They are the first humidity sensors that can provide integrated correction to adapt to the drift caused by environmental stress and natural ageing. In addition, they can preserve systems’ battery lives in applications like cold-chain data loggers, wirelessly connected environmental sensors, and smart homes, among others. The development of such products is expected to augment the growth of the humidity sensor industry.
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The major players in the global market for humidity sensor are TE Connectivity Corporation, Honeywell International Inc., Guangzhou Aosong Electronics Co., Ltd., Renesas Electronics Corporation, Amphenol Corporation, Texas Instruments Incorporated, and Sensirion AG Switzerland, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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