Global Reed Sensor Market, By Sensing Type (High Voltage Reed Sensor, High Temperature Reed Sensor, Metal Detection Reed Sensor), Mount Type (Surface Mount Reed Sensor, Thread Mount Reed Sensor, Panel Mount Reed Sensor), Contact Position (Form A, Form B, Form C), Industry Vertical (Automotive, Electronic, IT and Telecommunication, Healthcare, Robotics and Automation, Aerospace, Construction, Safety and Security, Others) – Industry Trends and Forecast to 2029.
Global Reed Sensor Market Analysis and Size
Reed sensors have seen widespread use in the automobile sector, particularly in automotive interiors, due to their dependable and straightforward detecting and actuation capabilities, low cost, and zero power requirement for operation. As a result, the growth of the automobile industry is projected to drive the usage of reed sensors in the future. However, increasing demand for reed sensors from robotics and automation applications is projected to grow over time.
- Data Bridge Market Research analyses that the reed sensor market was valued at USD 1.0 billion in 2021 and is expected to reach USD 2.08 billion by 2029, registering a CAGR of 8.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Global Reed Sensor Market Definition
Reed sensors are commonly employed in reed switches to provide switching mechanisms. These sensors have a 3.3V-5V operating voltage. It has adopted a wide-voltage LM393 comparator with LED indicator power. The reed sensors program becomes operational once a crystal rectifier is connected to digital pin twelve externally. It acts as a pointer anytime the reed sensors detects a field of force. Transfer the program supplied below to the Uno board once it has the connections. When the magnet is placed close to and far from the reed sensors, the crystal rectifier can mechanically turn off and on numerous times.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Sensing Type (High Voltage Reed Sensor, High Temperature Reed Sensor, Metal Detection Reed Sensor), Mount Type (Surface Mount Reed Sensor, Thread Mount Reed Sensor, Panel Mount Reed Sensor), Contact Position (Form A, Form B, Form C), Industry Vertical (Automotive, Electronic, IT and Telecommunication, Healthcare, Robotics and Automation, Aerospace, Construction, Safety and Security, Others)
U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Market Players Covered
Standex International Corporation (US), KEMET Corporation (US), ZF Friedrichshafen AG (Germany), Littelfuse, Inc. (US), Airtac International Group (Taiwan), Aleph America Corporation (US), BERNSTEIN AG (Germany), COTO TECHNOLOGY (Rhode Island), HNC Group (Denmark), HSI SENSING (US), GEMÜ Group (Germany), ifm electronic gmbh (Germany), Madison Company, Inc. (US), NTE Electronics, Inc. (US), PIC GmbH (Germany), Reed Switch Developments Corp. (US), Soway Tech Limited (China), Switch Technology Günther (India), Vernexx (US)
Reed Sensor Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Rise in industrial automation and growth of Industrial 4.0
The adoption of reed sensors will be aided by the rise in industrial automation and the rise of Industrial 4.0. According to IFR, roughly 630,000 robot units will be shipped globally through 2022. New technology and international standards create a safe working environment, increase productivity, and reduce the environmental effect. A reed sensor is used to detect the end position of every hydraulic or pneumatic cylinder or actuator.
Furthermore, rising urbanization and increasing level of disposable income will drive market value growth. Also, increasing number of reed sensor applications in HVAC, home appliances and smart meters will cushion the growth rate of reed sensor market. Another significant factor influencing the market's growth rate is the benefits of low operating power and capable of working in harsh environment.
- Increasing use of reed sensors in emerging technologies
The surging utilization of reed sensors in emerging technologies will boost new market opportunities for the market's growth rate. The trend toward high miniaturization and extremely dependable reed switches is functioning as a driver for the reed sensor in numerous end-user sectors, result of technological developments in sensor and switch technology.
Moreover, favorable government initiatives supporting the manufacturing of consumer electronics in developing countries and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
Restraints/ Challenges Global Reed Sensor Market
On the other hand, the large size of reed sensors limiting use in miniature devices will hinder the reed sensor market growth rate. The negative impact of COVID-19 outbreak on supply chain of semiconductors and intense competition from alternative switching technologies will act as market restraint and further challenge the market growth rate.
This reed sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the reed sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Reed Sensor Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The lengthy shutdown of consumer electronics, home appliance, and automotive manufacturing facilities in early 2020 has been credited to the COVID-19 pandemic's significant impact on the reed sensor market. Market participants faced a number of hurdles in the first half of 2020, including disruptions in raw material and component supply chains and international trade restrictions imposed by regulatory bodies and governments around the world. However, several automotive OEMs have resumed manufacturing facilities in 2021 and are concentrating on mass production of passenger automobiles, primarily hybrid electric vehicles.
Global Reed Sensor Market Scope
The reed sensor market is segmented on the basis of sensing type, mount type, contact position and industry vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- High Voltage Reed Sensor
- High Temperature Reed Sensor
- Metal Detection Reed Sensor
On the basis of sensing type, the market is segmented into high voltage reed sensor, high temperature reed sensor and metal detection reed sensor.
- Surface Mount Reed Sensor
- Thread Mount Reed Sensor
- Panel Mount Reed Sensor
On the basis of mount type, the market is segmented into surface mount reed sensor, thread mount reed sensor and panel mount reed sensor.
- Form A
- Form B
- Form C
On the basis of contact position, the market is segmented into form A, form B and form C.
- IT and Telecommunication
- Robotics and Automation
- Safety and Security
On the basis of industry vertical, the market is segmented into automotive, electronic, IT and telecommunication, healthcare, robotics and automation, aerospace, construction, safety and security and others.
Reed Sensor Market Regional Analysis/Insights
The reed sensor market is analysed and market size insights and trends are provided by country, sensing type, mount type, contact position and industry vertical as referenced above.
The countries covered in the reed sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the reed sensor market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing focus of manufacturers on product innovations and rising level of investment for research and development activities in this region. Additionally, the development of advanced technologies will propel the market's growth rate in this region.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the rising adoption of automation and presence of high semiconductors and electronic manufacturing industries in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Reed Sensor Market Share Analysis
The reed sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to reed sensor market.
Some of the major players operating in the reed sensor market are:
- Standex International Corporation (US)
- KEMET Corporation (US)
- ZF Friedrichshafen AG (Germany)
- Littelfuse, Inc. (US)
- Airtac International Group (Taiwan)
- Aleph America Corporation (US)
- BERNSTEIN AG (Germany)
- COTO TECHNOLOGY (Rhode Island)
- HNC Group (Denmark)
- HSI SENSING (US)
- GEMÜ Group (Germany)
- ifm electronic gmbh (Germany)
- Madison Company, Inc. (US)
- NTE Electronics, Inc. (US)
- PIC GmbH (Germany)
- Reed Switch Developments Corp. (US)
- Soway Tech Limited (China)
- Switch Technology Günther (India)
- Vernexx (US)
Research Methodology : Global Reed Sensor Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts