Global Reed Sensors Market has been Driven by Increased Demand of Reed Sensors in Automotive Industry and Rising Demand in Consumer Electronics in the forecast period of 2019 to 2026

Global Reed Sensors Market is expected to achieve a substantial CAGR of 7.5% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Reed Sensors Market

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DriversGlobal Reed Sensors Market

  • Increased demand of reed sensors in automotive industry
  • Rising demand in consumer electronics

Restraint:

  • Threat of substitute

Opportunities:

  • Reed sensors for internet of things devices

Challenge:

  • Technical drawbacks in reed sensors like breakage, lower resistance and others

Market Trends

Global reed sensors market is segmented into four notable segments which are sensing type, mount type, contact position and industry vertical.

  • On the basis of sensing type, the market is segmented into high voltage reed sensor, high temperature reed sensor and metal detection reed sensor. In 2019, high voltage reed sensor segment is expected to dominate the market with largest market share due to the growing utilization of this type of sensor in various industries such as telecommunication, healthcare, robotics and many others. As these high voltage reed sensors are capable of handling the voltage range from 10,000 to 15,000 due to which it is widely utilized in various test devices across telecommunication and healthcare.
  • On the basis of mount type, the market is segmented into surface mount reed sensor, thread mount reed sensor and panel mount reed sensor.
  • On the basis of contact position, the market is segmented into form A, form B and form C. In 2019, Form A contact position segment is expected to dominate the market with largest market share because of the growing demand of advance sensing technology in various industry vertical such as aerospace, telecommunication, robotics, healthcare and many more. This factor has further increase demand of Form A contact position as it is available in small size due to which it is widely use in the portable devices.
  • On the basis of industry vertical, the market is segmented into automotive, electronic, IT & telecommunication, healthcare, robotics & automation, aerospace, construction, safety & security and others.

Major PlayersGlobal Reed Sensors Market

Some of the major players operating in global reed sensors market are Standex International Corporation, KEMET, ZF Friedrichshafen AG, Littelfuse, Inc, Airtac International Group, Aleph America Corporation, BERNSTEIN AG, COTO TECHNOLOGY, HNC Group, HSI SENSING, GEMÜ Group, ifm electronic gmbh, Madison Company, Inc, MULTICE GROUP, NTE Electronics, Inc., PIC GmbH, Reed Switch Developments Corp., Soway Tech Limited, Switch Technology Günther, Vernexx, among others.