Global Reed Sensor Market Size, Trends & Growth Opportunity, By Product (Dry, and Mercury Wetted), By Contact Position (Form A, Form B, Form C), By Application (Automotive, Consumer Electronics, Telecommunications, Healthcare, Construction & Security, Industrial Controls & Automation, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Reed Sensor Market
Global Reed Sensor Market was valued at USD 1.39 billion in 2021 and is expected to reach USD 2.98 billion by 2027, at a CAGR 7.32% from 2022-2027.
Reed sensor facilitate opening and closing of automatic doors. Reed sensor also serve as proximity contacts for security devices which is used on doors and windows, and in devices that use a clamshell design. Reed sensors detect metal, proximity, movement, liquid levels & flow and come in hundreds of sizes and shapes to meet the complex requirements. These reed switches actuated by magnets are commonly used in mechanical systems as proximity sensors.
Market Drivers
Increasing innovation of reed sensors in the automotive industry for monitoring oil level and rising urbanization and increasing level of disposable income are the key driving factors which is expected to propel the global reed sensor market growth.
Also, increasing number of reed sensor applications in home appliances, HVAC, and smart meters can cushion the growth rate of reed sensor market. Significant factor influencing the market's growth rate is the benefit of working in harsh environment and low operating power.
Moreover, reed sensors are also used for engine control, steering, air bags, automatic door locks, and others. The increase in safety & security features and other functionalities in public buildings, and vehicles is projected to increase the demand for reed sensors during this forecast period 2027.
Market Restraints
The less adoption of reed sensor is the major restraining factor which is expected to hinder the global red sensors market growth. Also, susceptibility to breakage issues during installation of reed sensor & requirement of high initial capital investment are some of challenging factors which expected to hamper the market growth in forecast period.
Market Segmentation
The Global Reed Sensor Market is segmented into product, contact position, application, and region.
Based on contact position, the market is segmented into form A, form B and form C.
Regional Analysis
The Global Reed Sensor Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the reed sensor market share and market revenue and will continue to flourish its dominance during the forecast period 2027. This is due to the rising focus of manufacturers on product innovations and increasing level of investment for R&D activities in this region. Additionally, the development of advanced technologies will boost the market's growth rate in this region.
Key Players
Various key players are discussed into the Global Reed Sensor Market Report including: Littelfuse, HSI Sensing, Ryazan Metal Ceramics Instrumentation Plant JSC, Standex-Meder Electronics, PIC GmbH, Coto Technology, Pickering Electronics, Aleph America, Stg Germany GmbH, WIKA Instruments India Pvt. Ltd., ZF Group, and Others.
For instance, in 2018, Standex Electronics, a global electronics component manufacturer had exhibited its wide range of standard & custom, value-added sensor product offerings at the Sensors Expo & Conference located at the McEnery Convention Centre, California. Standex Electronics had showcased its extensive range of reed, capacitive, conductivity, and hall effect level sensing capabilities.
Market Taxonomy
By Product
By Contact Position
By Application
By Region
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Reed Sensor Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Reed Sensor Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Reed Sensor Market Share Analysis, By Product
- 5.3 Global Reed Sensor Market Size and Forecast, By Product
- 5.3.1 Dry
- 5.3.2 Mercury Wetted
- 6 Global Reed Sensor Market, By Contact Position
- 6.1 Y-o-Y Growth Comparison, By Contact Position
- 6.2 Global Reed Sensor Market Share Analysis, By Contact Position
- 6.3 Global Reed Sensor Market Size and Forecast, By Contact Position
- 6.3.1 Form A
- 6.3.2 Form C
- 6.3.3 Others
- 7 Global Reed Sensor Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Reed Sensor Market Share Analysis, By Application
- 7.3 Global Reed Sensor Market Size and Forecast, By Application
- 7.3.1 Automotive
- 7.3.2 Consumer Electronics
- 7.3.3 Telecommunication
- 7.3.4 Healthcare
- 7.3.5 Construction & Security
- 7.3.6 Industrial Control & Automation
- 7.3.7 Others
- 8 Global Reed Sensor Market, By Region
- 8.1 Global Reed Sensor Market Share Analysis, By Region
- 8.2 Global Reed Sensor Market Share Analysis, By Region
- 8.3 Global Reed Sensor Market Size and Forecast, By Region
- 9 North America Reed Sensor Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Reed Sensor Market Share Analysis, By Product
- 9.3 North America Reed Sensor Market Size and Forecast, By Contact Position
- 9.4 North America Reed Sensor Market Size and Forecast, By Application
- 9.5 North America Reed Sensor Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Reed Sensor Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Reed Sensor Market Share Analysis, By Product
- 10.3 Europe Reed Sensor Market Size and Forecast, By Contact Position
- 10.4 Europe Reed Sensor Market Size and Forecast, By Application
- 10.5 Europe Reed Sensor Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Reed Sensor Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Reed Sensor Market Share Analysis, By Product
- 11.3 Asia Pacific Reed Sensor Market Size and Forecast, By Contact Position
- 11.4 Asia Pacific Reed Sensor Market Size and Forecast, By Application
- 11.5 Asia Pacific Reed Sensor Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Reed Sensor Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Reed Sensor Market Share Analysis, By Product
- 12.3 Latin America Reed Sensor Market Size and Forecast, By Contact Position
- 12.4 Latin America Reed Sensor Market Size and Forecast, By Application
- 12.5 Latin America Reed Sensor Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.5.2 Rest of Latin America
- 13 Middle East Reed Sensor Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Reed Sensor Market Share Analysis, By Product
- 13.3 Middle East Reed Sensor Market Size and Forecast, By Contact Position
- 13.4 Middle East Reed Sensor Market Size and Forecast, By Application
- 13.5 Middle East Reed Sensor Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.2 UAE
- 13.5.3 Egypt
- 13.5.4 Kuwait
- 13.5.5 South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Littelfuse
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 HSI Sensing
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Ryazan Metal Ceramics Instrumentation Plant JSC
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Standex-Meder Electronics, PIC GmbH
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Coto Technology
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Pickering Electronics
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Aleph America
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Stg Germany GmbH
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 WIKA Instruments India Pvt. Ltd.
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 ZF Group
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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