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Reed Sensor Market 2020 Industry Challenges, Business Overview and Forecast Research Study 2024

Author : Ronak Bora | Published Date : 2020-11-02 

The global reed sensor market is lately witnessing an exponential growth rate, driven by the rapidly rising demand for advanced sensor technologies across industries such as military, aerospace, medical, security, transportation, smart grid & utilities and telecommunications. Attributing to a widespread application spectrum, the global reed sensor market was valued at over $1 billion according to a 2017 estimate.

Reed sensors are basically devices made up of reed switches that incorporate a pair of flexible magnetic reeds and can be used in various applications ranging from flow and liquid level measurement to motion detection and sensing, proximity sensing and metal detection. One of the major factors behind the sensor’s rapidly growing demand is its robust and reliable nature and the low power consumption that allows for the device to be used in a plethora of battery operated applications.

It is anticipated that the expansion of the smart home market in developed nations across the world would be further fueling the growth of the reed sensor market. Moreover, the incredible rate of production that the consumer electronics market is witnessing across developing nations would also be responsible for propelling global reed sensor market further.

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Continuous development in the technological field has given rise to improved reed sensor designs. Latest sensor technologies have allowed manufacturers to create miniaturized solutions that provide enhanced functionalities to consumer electronics. Several companies are taking part in innovative R&D projects to develop highly compact miniaturized devices and solutions.

Citing an instance, OKI Sensor Device tried to develop a series of compact reed sensors with the help of micromachine technology. These components are finding immense usage in high-speed applications and are slowly being introduced into new industry verticals.

A significant contributor toward the global industry, the North America reed sensor market is primarily driven by the booming smart home industry as the sensors are witnessing wide-scale adoption across a plethora of connected home systems such as voice controlled temperature modulating systems and automated intrusion-detecting smart home systems.

The regional market is also simultaneously receiving a considerable boost from the automotive industry as more and more automobile manufacturers are implementing the systems in their vehicles to facilitate a number of features like power windows, fuel and oil level measurement.

List of the Key Companies that are Operating in the Reed Sensor Market. They are as follows:

Bernstein AG, Coto Technology, HSI Sensing, Littelfuse, Magnasphere, Nippon Aleph, NTE Electronics Inc., PIC GmbH, Reed Switch Developments Corporation, Ryazan Metal Ceramics Instrumentation Plant JSC, Soway Tech Limited, Standex Meder Electronics, Schneider Electric, STG Germany GmbH, Yaskawa Controls, Zhejiang Xurui Electronic

Proliferating demand from the electronics industry of South Korea, China and Taiwan could boost the adoption of reed sensors in Asia Pacific. The regional market is forecasted to show considerable growth owing to strong presence of automobile companies and rapid adoption of consumer electronics. The flourishing automotive sector of China could act as a crucial factor for advancing the usage of reed sensors in automotive electronic systems and passenger vehicles.

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Table Of Content:

Chapter 4.   Reed Sensor Market, By Product (Revenue, Shipment)

4.1.  Key trends by product

4.2.  Dry

4.2.1.    Market estimates and forecast, 2013 - 2024

4.3.  Mercury-wetted

4.3.1.    Market estimates and forecast, 2013 - 2024

Chapter 5.   Reed Sensor Market, By Contact Position (Revenue, Shipment)

5.1.  Key trends by contact position

5.2.  Form A

5.2.1.    Market estimates and forecast, 2013 - 2024

5.3.  Form C

5.3.1.    Market estimates and forecast, 2013 - 2024

5.4.  Others

5.4.1.    Market estimates and forecast, 2013 - 2024

Chapter 6.   Reed Sensor, By Application (Revenue)

6.1.  Key trends by application

6.2.  Automotive

6.2.1.    Market estimates and forecast, 2013 - 2024

6.3.  Consumer electronics

6.3.1.    Market estimates and forecast, 2013 - 2024

6.4.  Telecommunications

6.4.1.    Market estimates and forecast, 2013 - 2024

6.5.  Healthcare

6.5.1.    Market estimates and forecast, 2013 - 2024

6.6.  Construction & security

6.6.1.    Market estimates and forecast, 2013 - 2024

6.7.  Industrial controls & automation

6.7.1.    Market estimates and forecast, 2013 - 2024

6.8.  Others

6.8.1.    Market estimates and forecast, 2013 - 2024

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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