Global Reed Sensor Market Research Report - Forecast till 2027

Reed Sensor Market Research Report, by Type, (Ultra-Miniature, Dry-Reed Sensor, Mercury-Wetted), Mount Type (Panel Mount, Surface Mount), Application (Automotive & Transportation, Consumer Electronics & Appliances, Others)— Forecast till 2027

ID: MRFR/SEM/5244-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


Global Reed Sensor Market is expected to grow from USD 1.55 billion in 2017 to USD 2.37 billion by 2023, at a compound annual growth rate (CAGR) of 7.43% during the forecast period. Increasing use of reed sensors in automotive industry is one of the major factors fueling the growth of reed sensor market. Apart from the automotive industry, reed sensors have various applications in consumer electronics, robotics & automation, telecommunications, safety & security among others. However, susceptibility to breakage during installation is one of the factors hindering the adoption of reed sensors in the market. Use of reed sensors in electric vehicle is also expected to fuel this market in the coming years. These manufacturers, however, face challenges in improving the efficiency and reliability of reed sensors. Therefore, most of them are investing in research and development of cost-effective and reliable reed sensors owing to the increasing demand. Key players such as Littelfuse Inc., HSI Sensing, RMCIP, Standex-Meder Electronics Inc., PIC GmbH, Coto Technology, Pickering Electronics Ltd, Aleph America  Corporation among others are continuously focusing on expanding their product portfolios and are adopting inorganic strategies such as mergers and partnerships to expand their geographic presence and broaden their customer base.


A reed sensor senses and detects the movement, proximity, and liquid level and flow measurement in the presence of an applied magnetic field. These sensors have a low contact resistance, typically as low as 50 milliohms and are capable of withstanding much higher voltages. Reed sensors are unaffected by the thermal environment and can be operated in the range from -50° C to +150° C with no special additions, modifications or costs.


World Micro, Inc., Atlanta-based electronics distributor, signed a franchise distribution agreement with PIC GmbH, suppliers of reed sensor technology. This agreement enables World Micro to promote, distribute, and market PIC GmbH's product line of reed switches and sensors.


Reed Sensor Market


Reed Sensor Market


Source: MRFR Analysis


Segmentation


Reed sensor market is segmented on the basis of type, mount type, application, and region.


Based on the type, the market is segmented into high-temperature reed sensor, high-voltage reed sensor, metal detection reed sensor, ultra-miniature, dry-reed sensor, and mercury-wetted reed sensor.


On the basis of mount type, the market is segmented into panel mount, screw mount, surface mount, and thread mount.


Based on application, the market is segmented into automotive & transportation, consumer electronics & appliances, robotics & automation, telecommunications, healthcare, safety & security, construction, and others.


By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional analysis


The global market for reed sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the reed sensor market is done for North America, Europe, Asia-Pacific, and the rest of the world.


North America is expanding at high growth rate owing to continuous focus on technology innovation to improve the accuracy of reed sensors. Asia-Pacific is expected to be the fastest growing region during the forecast period owing to rising demand for electronic appliances and vehicles. Asia-Pacific, except Japan, is heavily spending on robotics systems including drones; industrial, service, and consumer robots and after-market hardware which is expected to contribute to the market growth in the forecast period.


Competitive Analysis


Advancement in sensor technology have pushed manufacturers to develop miniaturized devices, thereby propelling the demand of reed sensors. Many players are adopting new product development and product enhancement strategies to maintain its position in the market. For instance, Reed Switch Developments, a US-based designer and manufacturer of standard and custom magnetic reed switch and proximity sensor, offers all standard and custom reed switch sensors, magnetic reed switches and bare reeds, with availability of most stock quantities.


Key players


The prominent players in the reed sensor market are Littelfuse Inc. (US), HSI Sensing (US), RMCIP (Russia), Standex Electronics, Inc. (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics Ltd (UK), Aleph America Corporation (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China) among others.


Intended Audience



  • Original equipment manufacturers (OEMs) of reed sensors

  • Integrated device manufacturers

  • Consumer electronics manufacturers

  • Research organizations and consulting companies

  • Subcomponent manufacturers

  • Technology providers

  • Electronic hardware equipment manufacturers

  • Technology standards organizations, forums, alliances, and associations

  • Universities and research organizations

  • Government bodies



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2.37 Billion
  CAGR   7.43%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Mount Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Littelfuse Inc. (US), HSI Sensing (US), RMCIP (Russia), Standex Electronics, Inc. (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics Ltd (UK), Aleph America Corporation (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China)
  Key Market Opportunities   Use of reed sensors in electric vehicle is also expected to fuel this market in the coming years.
  Key Market Drivers

  • Increasing use of reed sensors in automotive industry.
  • Growing use of reed sensors in home appliances, HVAC, and smart meters.


  • Frequently Asked Questions (FAQ) :


    The global reed sensor market was valued at USD 1.55 billion in 2017.

    The global reed sensor market is expected to record a substantial market valuation of up to USD 2.37 billion by 2023.

    The global reed sensor market is projected to register a moderate 7.43% CAGR in the forecast period.

    Robotics and automation, and electronics and appliances segments are slated to expand as the fastest-growing segment.

    A few major market players operating in the global reed sensor market are Aleph America Corporation (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China) among others.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Reed Sensor Market

    5 Industry Overview of Global Reed Sensor Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    Type

    7.1 Introduction

    7.2 High Temperature Reed Sensor

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast by Region, 2020–2027

    7.3 High Voltage Reed Sensor

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast by Region, 2020–2027

    7.4 Metal Detection Reed Sensor

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast by Region, 2020–2027

    7.5 Ultra-Miniature

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast by Region, 2020–2027

    7.6 Dry-Reed Sensor

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast by Region, 2020–2027

    7.7 Mercury-Wetted Reed Sensor

    7.7.1 Market Estimates & Forecast, 2020–2027

    7.7.2 Market Estimates & Forecast by Region, 2020–2027

    Mount Type

    8.1 Introduction

    8.2 Panel Mount

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Screw Mount

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Surface Mount

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Thread Mount

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9 Global Reed Sensor Market by Application

    9.1 Introduction

    9.2 Automotive & Transportation

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast, by Region, 2020–2027

    9.3 Consumer Electronics & Appliances

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast, by Region, 2020–2027

    9.4 Robotics & Automation

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast, by Region, 2020–2027

    9.5 Telecommunications

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9.6 Healthcare

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast, by Region, 2020–2027

    9.7 Safety & Security

    9.7.1 Market Estimates & Forecast, 2020–2027

    9.7.2 Market Estimates & Forecast, by Region, 2020–2027

    9.8 Construction

    9.8.1 Market Estimates & Forecast, 2020–2027

    9.8.2 Market Estimates & Forecast, by Region, 2020–2027

    9.9 Others

    9.9.1 Market Estimates & Forecast, 2020–2027

    9.9.2 Market Estimates & Forecast, by Region, 2020–2027

    10 Global Reed Sensor Market by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, by Country, 2020–2027

    10.2.2 Market Estimates & Forecast, by Type, 2020–2027

    10.2.3 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.2.4 Market Estimates & Forecast, By Application, 2020–2027

    10.2.5 US

    10.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

    10.2.5.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.2.5.3 Market Estimates & Forecast, By Application, 2020–2027

    10.2.6 Canada

    10.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

    10.2.6.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.2.6.3 Market Estimates & Forecast, By Application, 2020–2027

    10.2.7 Mexico

    10.2.7.1 Market Estimates & Forecast, by Type, 2020–2027

    10.2.7.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.2.7.3 Market Estimates & Forecast, By Application, 2020–2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, Country, 2020–2027

    10.3.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.3 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.3.4 Market Estimates & Forecast, By Application, 2020–2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

    10.3.5.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.3.5.3 Market Estimates & Forecast, By Application, 2020–2027

    10.3.6 France

    10.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

    10.3.6.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.3.6.3 Market Estimates & Forecast, By Application, 2020–2027

    10.3.7 Italy

    10.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

    10.3.7.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.3.7.3 Market Estimates & Forecast, By Application, 2020–2027

    10.3.8 Spain

    10.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

    10.3.8.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.3.8.3 Market Estimates & Forecast, By Application, 2020–2027

    10.3.9 UK

    10.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

    10.3.9.2 Market Estimates & Forecast By Mount Type, 2020–2027

    10.3.9.3 Market Estimates & Forecast, By Application, 2020–2027

    10.4 Asia-Pacific

    10.4.1 Market Estimates & Forecast, by Type, 2020–2027

    10.4.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.4.3 Market Estimates & Forecast, By Application, 2020–2027

    10.4.4 China

    10.4.4.1 Market Estimates & Forecast, by Type, 2020–2027

    10.4.4.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.4.4.3 Market Estimates & Forecast, By Application, 2020–2027

    10.4.5 India

    10.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

    10.4.5.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.4.5.3 Market Estimates & Forecast, By Application, 2020–2027

    10.4.6 Japan

    10.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

    10.4.6.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.4.6.3 Market Estimates & Forecast, By Application, 2020–2027

    10.4.7 Rest of Asia-Pacific

    10.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

    10.4.7.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.4.7.3 Market Estimates & Forecast, By Application, 2020–2027

    10.5 Rest of the world

    10.5.1 Market Estimates & Forecast, Country, 2020–2027

    10.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.5.3 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.5.4 Market Estimates & Forecast, By Application, 2020–2027

    10.5.5 Middle East & Africa

    10.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

    10.5.5.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.5.5.3 Market Estimates & Forecast, By Application, 2020–2027

    10.5.6 Latin America

    10.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

    10.5.6.2 Market Estimates & Forecast, By Mount Type, 2020–2027

    10.5.6.3 Market Estimates & Forecast, By Application, 2020–2027

    11 Company Landscape

    12 Company Profiles

    12.1 Littelfuse Inc.

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 HSI Sensing

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 RMCIP

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 Standex Electronics, Inc.

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 PIC GmbH

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Coto Technology

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Pickering Electronics Ltd

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Aleph America Corporation

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 STG Germany GmbH

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Zhejiang Xurui Electronic

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    LIST OF TABLES

    Table 1 Global Reed Sensor Market, by Region, 2020–2027

    Table 2 North America: Reed Sensor Market, by Country, 2020–2027

    Table 3 Europe: Reed Sensor Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Reed Sensor Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Reed Sensor Market, by Country, 2020–2027

    Table 6 Latin America: Reed Sensor Market, by Country, 2020–2027

    Table 7 Global Reed Sensor Type Market, by Region, 2020–2027

    Table 8 North America: Reed Sensor Type Market, by Country, 2020–2027

    Table 9 Europe: Reed Sensor Type Market, by Country, 2020–2027

    Table10 Asia-Pacific: Reed Sensor Type Market, by Country, 2020–2027

    Table11 Middle East & Africa: Reed Sensor Type Market, by Country, 2020–2027

    Table12 Latin America: Reed Sensor Type Market, by Country, 2020–2027

    Table13 Global Reed Sensor Mount Type Market, by Region, 2020–2027

    Table14 North America: Reed Sensor Mount Type Market, by Country, 2020–2027

    Table15 Europe: Reed Sensor Mount Type Market, by Country, 2020–2027

    Table16 Asia-Pacific: Reed Sensor Mount Type Market, by Country, 2020–2027

    Table17 Middle East & Africa: Reed Sensor Mount Type Market, by Country, 2020–2027

    Table18 Latin America: Reed Sensor Mount Type Market, by Country, 2020–2027

    Table19 Global Reed Sensor Application Market, by Region, 2020–2027

    Table20 North America: Reed Sensor Application Market, by Country, 2020–2027

    Table21 Europe: Reed Sensor Application Market, by Country, 2020–2027

    Table22 Asia-Pacific: Reed Sensor Application Market, by Country, 2020–2027

    Table23 Middle East & Africa: Reed Sensor Application Market, by Country, 2020–2027

    Table24 Latin America: Reed Sensor Application Market, by Country, 2020–2027

    Table25 North America: Reed Sensor Market, by Country

    Table26 North America: Reed Sensor Market, by Type

    Table27 North America: Reed Sensor Market, By Mount Type

    Table28 North America: Reed Sensor Market, By Application

    Table29 Europe: Reed Sensor Market, by Country

    Table30 Europe: Reed Sensor Market, by Type

    Table31 Europe: Reed Sensor Market, By Mount Type

    Table32 Europe: Reed Sensor Market, By Application

    Table33 Asia-Pacific: Reed Sensor Market, by Country

    Table34 Asia-Pacific: Reed Sensor Market, by Type

    Table35 Asia-Pacific: Reed Sensor Market, By Mount Type

    Table36 Asia-Pacific: Reed Sensor Market, By Application

    Table37 Middle East & Africa: Reed Sensor Market, by Country

    Table38 Middle East & Africa: Reed Sensor Market, by Type

    Table39 Middle East & Africa: Reed Sensor Market, By Mount Type

    Table40 Middle East & Africa: Reed Sensor Market, By Application

    Table37 Latin America: Reed Sensor Market, by Country

    Table38 Latin America: Reed Sensor Market, by Type

    Table39 Latin America: Reed Sensor Market, By Mount Type

    Table40 Latin America: Reed Sensor Market, By Application

    LIST OF FIGURES

    FIGURE 1 Global Reed Sensor Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Reed Sensor Market

    FIGURE 4 Value Chain of Global Reed Sensor Market

    FIGURE 5 Share of Global Reed Sensor Market in 2017, by Country (in %)

    FIGURE 6 Global Reed Sensor Market, 2020–2027

    FIGURE 7 Global Reed Sensor Market Size, by Type, 2020

    FIGURE 8 Share of Global Reed Sensor Market, by Type, 2020 to 2027

    FIGURE 9 Global Reed Sensor Market Size, By Mount Type, 2020 to 2027

    FIGURE 10 Share of Global Reed Sensor Market, By Mount Type, 2020 to 2027

    FIGURE 11 Global Reed Sensor Market Size, By Application, 2020 to 2027

    FIGURE 12 Share of Global Reed Sensor Market, By Application, 2020 to 2027