Market Overview:
The global reed sensors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for reed relays, magnetic sensors, and other applications across different industries. Additionally, the growing demand for miniaturized and low-power devices is also contributing to the growth of this market. Based on type, the global reed sensors market can be segmented into form A, form B, form C, and others. The form A segment is expected to hold a major share of this market during the forecast period owing to its high reliability and accuracy. Based on application, the global reed sensors market can be divided into reed relays, magnetic sensors,, and others applications such as pressure transducers,.
Product Definition:
Reed Sensors are devices that use a thin, flexible metal reed switch to detect the presence or absence of a magnetic field. The reed switch is enclosed in a small glass tube filled with gas or liquid. When the magnetic field is present, the reed switch closes and current flows through the device. Reed sensors are used in burglar alarms, security systems, and other applications where it is important to detect the presence of a magnet.
Form A:
The global form A Reed sensors market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as increasing demand for fuel-efficient vehicles, stringent government regulations regarding vehicle emissions, and growing usage of electronic devices in automobiles that require Reed switch for protection or control purpose.
Form B:
Form B is the standard form of a Reed Switch. It consists of two metal plates, normally closed by a battery-powered circuit and connected by an insulated wire. When the circuit is opened, current flows through the switch and produces an electric signal that can be used to trigger another device or played back as an audio tone on a speaker. The most common applications are in cash register machines, telephones (as dials), alarm systems, vending machines etcetera.
Application Insights:
Reed relays were the largest application segment in 2017 and are projected to witness significant growth over the forecast period. The increasing demand for industrial robots is expected to be a major factor driving the market. Reed relays offer several advantages, such as high accuracy, long life span, small size and low power consumption which makes them suitable for numerous applications including material handling equipment, pallet trucks and automated storage systems (ASA).
Magnetic sensors are estimated to witness considerable growth over the forecast period owing to their rising adoption in various automotive applications including parking assistance systems, cruise control and lane departure warning system. Increasing usage of magnetic sensors in automobiles has resulted in lower prices; this trend is expected continue over the next few years thereby fueling product demand during the forecast period. Other applications include vibration monitoring devices used on construction sites along with other industrial machinery where they are used for measuring machine speed or torque among others.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of key players and increased adoption of reed sensors in industrial applications. The region is expected to maintain its dominance over the forecast period, with an increase in demand for reed sensors from oil & gas, power generation, and other industrial sectors.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand for electricity across emerging economies such as China and India. In addition, rising investments by governments are likely to boost industry growth across this region. For instance; In 2015-2016 budget speech delivered by then Finance Minister Arun Jaitley he announced plans for setting up 100 smart cities across India which would include smart infrastructure such as energy distribution networks using sensor-based monitoring systems with Reed switches at various locations including subways tunnels etc., thereby boosting regional market growth significantly over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from process industries for accurate and reliable measurement of various physical parameters such as temperature, pressure, and flow rate.
- Growing popularity of smart sensors in automotive applications for advanced safety features and fuel efficiency.
- Rising demand for Reed Sensors in medical devices to measure various physiological parameters such as heart rate, blood pressure, and respiration rate.
- Proliferation of Internet-of-Things (IoT) across different industrial sectors is expected to create new opportunities for Reed Sensors market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reed Sensors Market Research Report
By Type
Form A, Form B, Form C, Others
By Application
Reed Relays, Magnetic Sensors, Others
By Companies
Oki, Littelfuse (Hamlin), Standex, RMCIP, Nippon Aleph, HSI Sensing, Coto, PIT-RADWAR, PIC, STG, Oki, Zhejiang Xurui
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Reed Sensors Market Report Segments:
The global Reed Sensors market is segmented on the basis of:
Types
Form A, Form B, Form C, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Reed Relays, Magnetic Sensors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oki
- Littelfuse (Hamlin)
- Standex
- RMCIP
- Nippon Aleph
- HSI Sensing
- Coto
- PIT-RADWAR
- PIC
- STG
- Oki
- Zhejiang Xurui
Highlights of The Reed Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Form A
- Form B
- Form C
- Others
- By Application:
- Reed Relays
- Magnetic Sensors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reed Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reed sensors are a type of sensor that uses the principles of electro-mechanical relays. The sensor is placed over a moving part and measures the position, speed, or direction of that part. Reed sensors are often used in industrial applications to monitor movement and performance
Some of the major players in the reed sensors market are Oki, Littelfuse (Hamlin), Standex, RMCIP, Nippon Aleph, HSI Sensing, Coto, PIT-RADWAR, PIC, STG, Oki, Zhejiang Xurui.
The reed sensors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reed Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reed Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reed Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reed Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reed Sensors Market Size & Forecast, 2018-2028
4.5.1 Reed Sensors Market Size and Y-o-Y Growth
4.5.2 Reed Sensors Market Absolute $ Opportunity
Chapter 5 Global Reed Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Reed Sensors Market Size Forecast by Type
5.2.1 Form A
5.2.2 Form B
5.2.3 Form C
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reed Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Reed Sensors Market Size Forecast by Applications
6.2.1 Reed Relays
6.2.2 Magnetic Sensors
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reed Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reed Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Reed Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Reed Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Reed Sensors Market Size Forecast by Type
9.6.1 Form A
9.6.2 Form B
9.6.3 Form C
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Reed Sensors Market Size Forecast by Applications
9.10.1 Reed Relays
9.10.2 Magnetic Sensors
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Reed Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Reed Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Reed Sensors Market Size Forecast by Type
10.6.1 Form A
10.6.2 Form B
10.6.3 Form C
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Reed Sensors Market Size Forecast by Applications
10.10.1 Reed Relays
10.10.2 Magnetic Sensors
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Reed Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reed Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Reed Sensors Market Size Forecast by Type
11.6.1 Form A
11.6.2 Form B
11.6.3 Form C
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Reed Sensors Market Size Forecast by Applications
11.10.1 Reed Relays
11.10.2 Magnetic Sensors
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Reed Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Reed Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Reed Sensors Market Size Forecast by Type
12.6.1 Form A
12.6.2 Form B
12.6.3 Form C
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Reed Sensors Market Size Forecast by Applications
12.10.1 Reed Relays
12.10.2 Magnetic Sensors
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Reed Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reed Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Reed Sensors Market Size Forecast by Type
13.6.1 Form A
13.6.2 Form B
13.6.3 Form C
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Reed Sensors Market Size Forecast by Applications
13.10.1 Reed Relays
13.10.2 Magnetic Sensors
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reed Sensors Market: Competitive Dashboard
14.2 Global Reed Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oki
14.3.2 Littelfuse (Hamlin)
14.3.3 Standex
14.3.4 RMCIP
14.3.5 Nippon Aleph
14.3.6 HSI Sensing
14.3.7 Coto
14.3.8 PIT-RADWAR
14.3.9 PIC
14.3.10 STG
14.3.11 Oki
14.3.12 Zhejiang Xurui
