Global Reed Sensor market is anticipated to reach over USD 2 Billion, growing at a CAGR of over 7% during the forecast period, due to the rising application of reed sensors in automotive industry. Factors, such as low operating cost and capability to work in harsh conditions, are further bolstering the growth of the market.
Based on the type, the market has been bifurcated into Dry Reed Sensor and Mercury Wetted Reed Sensor. Owing to the features, such as low cost when compared with other magnetic devices, and longer life, the dry reed sensor is anticipated to acquire major share in the forecast period. Based on the contact position, the market has been segmented into Form A, Form B, Form C and Others. The demand for form A contact position is expected to increase due to smaller size.
Robotics and Automation Application anticipated to grow at the highest rate during the forecast period
On the basis of application, the market has been segmented into Telecommunication, Automotive & Transportation, Consumer Electronics & Appliances, Safety & Security, Healthcare, Construction, Robotics & Automation and Others. The robotics and automation application segment is expected to grow at the highest CAGR during the forecast period due to the rising usage of sensors to manage conveyor speed, robotic motion and angle.
Geographically, the market has been segmented into Asia Pacific, North America, South America and Middle East & Africa and Europe. Asia Pacific is anticipated to dominate the market during the forecast period due to the increasing demand for consumer appliances and vehicles and elevation penetration of reed sensors in several industries.
Years considered for this report
Historical Years2014-2016
Base Year2017
Estimated Year2018
Forecast Period2019–2024
Objective of the Study
- To analyse and forecast the market size of Global Reed Sensor Market, in terms of value.
- To classify and forecast Global Reed Sensor Market based on contact position, type, application and regional distribution.
- To identify drivers and challenges for Global Reed Sensor Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Reed Sensor Market.
- To conduct the pricing analysis for Global Reed Sensor Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Reed Sensor.
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Some of the leading players in the Global Reed Sensor Market are Littelfuse, HSI Sensing, Ryazan Metal Ceramics Instrumentation Plant JSC, Standex-Meder Electronics, PIC GmbH, Coto Technology, Pickering Electronics, Aleph America, STG Germany GmbH, and Zhejiang Xurui Electronic.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.
Market Insights Research calculated the market size of Global
Key Target Audience
- Original Equipment Manufacturers
- Consumer Electronics Manufacturer
- Subcomponent Manufacturer
- Suppliers and Distributors
- End Users
- Market Research Firms
- Government Institutions
- Industry associations and experts
- Potential Investors
- Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
