At 7.8% CAGR Reed Sensor Market Set For 1,473.33 Million Dollars Explosive Growth to 2027 Led by Key Players Zhejiang Xurui Electronic, STG-Germany, Standex Electronics, SMC, RMCIP, Pickering Electronics, PIC, Littelfuse, Coto Technology, Bimba Manufactur
The global reed sensor market accounted to US$ 765.07 Mn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 – 2027, to account to US$ 1,473.33 Mn by 2027.
Europe was the leading geographic reed sensor market and it is anticipated to be the highest revenue contributor throughout the forecast period. The consumer electronics market in Europe has witnessed aggressive and stable demands in different countries of the region. The NORDIC countries of Europe consist of a large number of Small and Medium scale industries (SMEs) that have steady demands for reed sensor based products. On the other hand, economically strong countries like Germany, Italy, UK and Spain have witnessed rapid growth in the implementations of reed sensors in the different industry verticals primarily led by consumer electronics and automotive sectors.
Get Sample PDF Brochure of this report at https://www.theinsightpartners.com/sample/TIPRE00003353/?OPR-pK
Reed Sensor Market Insights: The increasing penetration of IoT, connected devices and consumer electronics to have a noteworthy impact on the reed sensor market
The exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet with the advent of IoT. The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Also, huge populations of India and China are further proliferating the growing penetration of smart phones and other consumer electronic devices. Additionally, the Government initiatives towards digitalization of economies in these countries is leading to exponential growth of data traffic over the internet in these countries and also on a global scale for other developing economies. Brazil, Uruguay, Argentina, Chile, Colombia, UAE, Saudi Arabia, South Africa, Vietnam and Singapore are other major countries embracing the path of digitalization and resulting in huge influx of data over the internet.
Rising trends in integration of consumer electronics in automotive industry:
The emergence of advanced-driver-assistance systems like adaptive braking, self-parking, backup cameras, and automatic cruise control that further increase the passenger safety in the vehicles. Shared mobility services is another trend buzzing in the automobile ecosystem. A strong internet infrastructure coupled with cars that would be able to communicate with the rider and amongst each other regarding their availabilities and route mapping would form a trend in the upcoming few years. Highly advanced sensors are anticipated to be integrated into these vehicles for efficient communications to happen and therefore, these automotive electronic trends are anticipated to present good opportunities for the reed sensor market players to cache in.
Reed Sensor Market - Type Insights:
Proximity sensors are capable of detecting an object in their detection range by utilizing a non-contact detection principle. The proximity sensors have a long functional life, high switching rate and provide high reliability as compared to other sensors. The reed proximity sensors have a wide range of applications in appliance doors, passenger vehicles, and access panels. Reed proximity sensor is gaining popularity in the robotics and automation sector, where reed switches are used as proximity sensors for performing various tasks such as controlling conveyor speed, robotic motion, location, and angle. Reed proximity sensor is utilized in mobile devices to provide a sleek design and replace the mechanical buttons. The reed proximity sensors are gaining popularity for various applications like the consumer, industrial, embedded, communications, and medical among others. The increasing demand for industrial automation and the growing popularity of non-contact sensing technology are the primary factors that are supporting the growth of proximity sensors market whereas limitation in sensing capabilities of the proximity sensors might slow down the growth proximity sensors market.
Reed Sensor Market - Contact Position Insights:
The reed sensor of a reed switch are available in various configurations in the market. A reed switch typically consists of two or three metal reed contacts that are sealed hermetically inside a glass tube. The glass tube contains an inert gas that prevents the metal contacts to get in touch with each other unless given an input in the form of electro-magnetic field. The reed sensor come in varying sizes, magnetic sensitivities, and exhibit high power capabilities, high voltage capabilities as well as different contact and lead configurations. Accordingly, the study on reed sensor has been therefore segmented by contact position into Form A, Form B, Form C, Form D, and others. The growing demands for various consumer electronics devices coupled with additional demands for various smart security related products by individuals and businesses alike is anticipated to propel the growth in the adoptions for form A configuration of reed sensor.
Reed Sensor Market - Strategic Insights:
Strategic partnership with automotive industry as a part of the enhancement of the sensor offering was observed as the most adopted strategy in global reed sensor market.
2019: HSI Sensing, an Oklahoma-based manufacturer of custom reed switch and sensor technology, launched its complete Sentinel product line in an event held in the US. The Sentinel product line is a high-security product line that is tamper free in nature.
2018: Pickering Electronics to announce the launch of new Series 124 4mm range of ultra-high-density reed relays. These new relays are the lowest profile reed relay on the 4 x 4mm footprint, measuring 9.5mm high. Devices are currently available in 1 Form A with options of 3 or 5 volt coils.
Place a Direct Purchase order for this report at https://www.theinsightpartners.com/buy/TIPRE00003353/?OPR-pK
GLOBAL REED SENSOR MARKET - SEGMENTATION
Global Reed Sensor Market - By Type
• Proximity Sensor
• Level Sensor
• Speed Sensor
• Flow Sensor
Global Reed Sensor Market - By Contact Position
• Form A
• Form B
• Form C
• Form D
Global Reed Sensor Market - By Application
• Automotive & Transportation
• Security & Safety
• Consumer Electronics
Global reed sensor market - By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o Rest of APAC
• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
• South America (SAM)
o Rest of SAM
Global Reed Sensor Market – Company Profiles
• Bimba Manufacturing Company
• Coto Technology
• Littelfuse Inc.
• PIC GmbH
• Pickering Electronics Ltd
• SMC Corporation
• Standex Electronics Inc.
• STG-Germany Group
• Zhejiang Xurui Electronic Co. Ltd
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Reed Sensor Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Reed Sensor Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release At 7.8% CAGR Reed Sensor Market Set For 1,473.33 Million Dollars Explosive Growth to 2027 Led by Key Players Zhejiang Xurui Electronic, STG-Germany, Standex Electronics, SMC, RMCIP, Pickering Electronics, PIC, Littelfuse, Coto Technology, Bimba Manufactur here
News-ID: 1705452 • Views: 258
More Releases from The Insight Partners
Microbial Identification Panel Market Upcoming Opportunities with $3,873.1 Milli …
Advancement in technologies is rising in rapidly. The rising trend is making the clinical and medical diagnostics much easier. The technological advancement has reduced the time of microbial identification and analyzing procedures. It has also helped in getting outcomes more accurately and efficiently. The next-generation sequencing method has allowed understanding the genetic make-up of micro-organism for various industrial application. Microbial Identification Panel Market to 2027 - Global Analysis and Forecasts by
Foot & Ankle Devices Market to Grow with $4,084.97 Million by 2027 - Key Player …
Foot injuries are significantly high in car crashes. As per a study by the National Center for Biotechnology, around 76% of total foot & ankle car injuries occur due to head-on collisions since the lower extremities are absorb the impact at first during such accidents. However, the other 21% of foot injuries are due to roll-overs and side impacts. Foot and ankle devices such as splints, rehabilitation braces and supports,
Global Barium Market Product, End User, Marketing Channels & Forecast upto 2027
Latest Report Titled on “Barium Market to 2027 - Global Analysis and Forecasts by Derivative (Barium Sulfate, Barium Chloride, Barium Nitrate, Barium Titanate, Barium Oxide, Barium Carbonate, Others); Application (Construction, Metal Alloys, Paints & Colorants, Plastics & Rubbers, Mining, Electronics, Others)” Global Barium Market Research Report analyses the industry status, size, share, trends, growth opportunity, compsetition landscape and forecast to 2027. This report also provides data on patterns, improvements, target business
Triclosan Market Outlook 2019-2027 - Trends, Demand, Production, Sales, Supply, …
The report on Triclosan Market 2019 is one of the fastest developing element in Global Market. The Triclosan Market has observed continuous development in the past decade and is predictable to reach new levels of evolution during the estimate period 2019 to 2027. The report estimates the key elements at play in the market. To offer a clear summary of the market to user and helps to implement their Industry
More Releases for Sensor
Global Wheel Speed Sensor (ABS Sensor) Market Insights, Forecast
This report presents the worldwide Wheel Speed Sensor (ABS Sensor) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60313 Table of Contents: Table of Contents 1 Study Coverage 1.1 Wheel Speed Sensor (ABS Sensor) Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,
Actuator Sensor Interface Market: Growing Demand For Actuator Sensor Interface
An industrial networking solution (protocol, data access method and physical layer) that is used in a distributed control system (DCS), programmable logic controller (PLC), and PC-based automation system is called an actuator sensor interface or AS-i. An AS-i is designed to connect field input/output (I/O) devices (for instance ON/OFF devices such as rotary encoders, sensors, push buttons, valve position sensors, and analog inputs and outputs) in process applications and discrete
Global Passive Infrared Sensor (PIR Sensor) Market Report Till 2022
Market Study Report Add New Global Passive Infrared Sensor (PIR Sensor) Market Outlook 2017-2022 to its research database presenting an informative study covering the market with detailed analysis. The report will assist reader with better understanding. The report spread across 95 pages with table and figures in it. A passive infrared sensor (PIR sensor) is an electronic sensor that measures infrared (IR) light radiating from objects in its field of view.
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" Motion sensor is a device that
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which