Digital Temperature and Humidity sensor are integrated humidity and temperature sensor designed to provide high accuracy measurements with very low power consumption in a small dual-flat no-leads (DFN) package. These digital humidity sensor series contains a capacitive-type humidity sensor, a band-gap temperature sensor, and specialized analog and digital integrated circuits all on a single chip. These sensors provides calibrated, linearized signals in digital, I²C format. It uses a capacitive humidity sensor and a thermistor to measure the surrounding air, and spits out a digital signal on the data pin. The sensors are made from a polymer and silicon particles. These low power sensor are designed for high volume and cost sensitive applications with tight space constraints. 

The digital temperature and humidity sensor market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of digital temperature and humidity sensor in across diverse range of applications in consumer electronics such as in printers, home appliances, smartphones/tablets and among others, healthcare, storage and logistic industries. Some of the features like compact design, high reliability, low cost, high accuracy and fastest time to response is a key force expected to drive the global digital temperature and humidity sensor market over the forecast period. Rising demand of consumer electronics and automotive is expected to spur the demand of digital temperature and humidity sensor is upcoming period. Introduction of IoT and automation process requires high performance digital temperature and humidity sensor and is expected to drive the demand of digital temperature and humidity sensor during forecast period. Additionally, Efforts are being taken by many companies to upgrade their research and development activities to analyze further application that is expected to generate profitable growth opportunities for the digital temperature and humidity sensor market in the forecast period. 

The global digital temperature and humidity sensor market is segmented on the basis of product type, end user and region. On the basis of product type, the digital temperature and humidity sensor market has been segmented into low-cost digital temperature and humidity sensor, standard digital temperature and humidity sensor and high-end digital temperature and humidity sensor. Low-cost digital temperature and humidity sensor and designed to provide +/-3% RH humidity accuracy, whereas, standard digital temperature and humidity sensor is designed to offer +/-2% RH humidity accuracy and high-end version digital temperature and humidity sensor offers +/-1.8% RH humidity accuracy. By end user, the digital temperature and humidity sensor market has been segmented into consumer electronics, automotive, respiratory equipment, industrial automation, and other applications. High demand of digital temperature and humidity sensor in multimedia applications (smart home) and wearable devices is expected to contribute towards growth of the digital temperature and humidity sensor market. 

In the region wise study, the global digital temperature and humidity sensor market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific which comprises China, India, South Korea, Australia and other rising economies captured significant market share followed by North America and Europe in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the digital temperature and humidity sensor with the low cost of raw materials and huge production facilities in the country. However, The U.S is expected to exhibit high market growth over the forecast period owing to its early technological advancement and high capital expenditure. 

The global digital temperature and humidity sensor market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products and acquiring small companies to gain market share. Some of the companies operating in digital temperature and humidity sensor market are STMicroelectronics NV, ams AG, E+E Elektronik GmbH, TE Connectivity, Sensirion AG, Texas Instruments Inc., Silicon Laboratories, Inc., Honeywell Sensing and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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