Global Reed Sensor Market Growth Rate 2024, Forecast To 2033
8 Mar, 2024
The reed sensor market has experienced strong growth, rising from $1.61 billion in 2023 to $1.77 billion in 2024, with a CAGR of 9.7%. This growth is attributed to electronics miniaturization and industrial automation growth. In the forecast period, the market is expected to grow to $2.47 billion in 2028, with a CAGR of 8.7%, driven by advancements in material science and the rise in home automation.
Global Reed Sensor Market Key Driver
The reed sensor market is forecasted to expand owing to the growing demand for electric vehicles globally. Reed sensors play a vital role in enhancing the functionality and safety of electric vehicles, contributing to their efficient operation. With electric vehicle sales on the rise, as indicated by data from the International Energy Agency, the demand for reed sensors is expected to increase, driving growth in the market.
Get A Free Sample Of The Global Reed Sensor Market ReportGlobal Reed Sensor Market Segments
The reed sensor market covered in this report is segmented –
1) Type:Ultra-Miniature, Dry-Reed Sensor, Mercury-Wetted
2) Mounting Type:Panel Mount Reed Sensor, Surface Mount Reed Sensor, Thread Mount Reed Sensor, Screw Mount Reed Sensor, Other Mounting Types
3) Contact Position:Form A, Form B, Form C, Others Contact Positions
4) Industry Vertical:Automotive, Electronic, Information Technology And Telecommunication, Healthcare, Robotics And Automation, Aerospace, Construction, Safety And Security, Other Industry Verticals
By Geography: The countries covered in the reed sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the reed sensor market in 2023. The regions covered in the reed sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Reed Sensor Industry Players
ZF Friedrichshafen AG; Schneider Electric SE; TE Connectivity; Madison Company Inc.; Yaskawa Electric Corporation; Littelfuse Inc.; KEMET Corporation; AirTAC International Group; GEMÜ Group; Standex Electronics Inc.; HNC Electric Ltd.; PIC GmbH; HSI Sensing; Coto Technology Inc.; Bernstein AG; Pickering Electronics Ltd.; Aleph America Corporation; MagneLink Inc.; Misensor Tech (Shanghai) Co. Ltd.; Sensor Measurement PTY Ltd.; Zhejiang Xurui Electronics Co Ltd.; Hamilton Electronics Pvt. Ltd.; Sigma Enterprises; Ryazan Metal Ceramics Instrumentation Plant JSC; STG Germany GmbH.
Get The Full Global Reed Sensor Market Report
Reed Sensor Market Overview
A reed sensor is an electronic component used for sensing and detecting the presence or absence of a magnetic field. It is a simple, passive device that consists of two ferromagnetic reed contacts enclosed in a glass envelope and separated by a small gap. Reed sensors are of different shapes and sizes, can resist vibration, and meet additional application requirements such as position sensing, pulse counting, coil application, and temperature sensing.