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Reed Sensor Market: Good Opportunity to Hit New Growth Level 2020-2024

Author : Ronak Bora | Published Date : 2020-09-08 

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.

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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 further.

Top Key Players In Reed Sensor Market are 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

Home to nations such as China, India, Japan, South Korea and Taiwan – some of the world’s biggest consumers as well as manufacturers of automotive and consumer electronics, APAC presently holds the largest share in reed sensor market. According to a report by Standex Electronics, the device’s high demand is attributed to its availability in hundreds of different shapes and sizes and its ability to survive billions of operations without experiencing much wear and tear.

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 industry, 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 Market, 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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/reed-sensor-market

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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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