Reed Sensor Market 2019 In-Depth Analysis with Booming Trends Led by SMC Corporation, STG-Germany Group, Bimba Manufacturing Company, Coto Technology, PIC GmbH, Coto Technology

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.

Get Sample PDF Copy @ http://bit.ly/2VTj58V

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.

Top Leading Key Players are :-
- BIMBA MANUFACTURING COMPANY
- COTO TECHNOLOGY
- LITTELFUSE INC.
- PIC GMBH
- PICKERING ELECTRONICS LTD
- RMCIP
- SMC CORPORATION
- STANDEX ELECTRONICS INC.
- STG-GERMANY GROUP
- ZHEJIANG XURUI ELECTRONIC CO. LTD

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.

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.

Buy this premium report @ http://bit.ly/2VUdSxB

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.

About Us:
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.

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.