Reed Sensor Market is expected to grow from USD 1.55 billion in 2017 to USD 2.37 billion by 2023, at a compound annual growth rate (CAGR) of 7.43% during the forecast period. The global market for reed sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of reed sensor market is done across North America, Europe, Asia-Pacific, and the rest of the world.
Reed Sensor Market – Highlights
Increasing use of reed sensors in home appliances, HVAC, and smart meters is driving the growth of reed sensor market. Furthermore, capability of working in harsh environments and features such as low power consumption are some of the factors boosting the growth of this market. Presence of well-established and emerging players providing reed sensor in North America is enhancing the growth of reed sensor market in this region. Moreover, Asia-Pacific is expected to find good growth opportunity in this market owing to increasing use of reed sensors in vehicles and consumer appliances. Reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, e-cars, and e-bikes to measure brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others.
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Reed Sensor Market – Key players
The prominent players in the reed sensor market are Littelfuse Inc. (US), HSI Sensing (US), RMCIP (Russia), Standex Electronics, Inc. (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics Ltd (UK), Aleph America Corporation (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China) among others.
Reed Sensor Market – Segmentation
Reed sensor market is segmented on the basis of type, mount type, application, and region.
Based on the type, the market is segmented into high-temperature reed sensor, high-voltage reed sensor, metal detection reed sensor, ultra-miniature, dry-reed sensor, and mercury-wetted reed sensor.
On the basis of mount type, the market is segmented into panel mount, screw mount, surface mount, and thread mount.
Based on application, the market is segmented into automotive & transportation, consumer electronics & appliances, robotics & automation, telecommunications, healthcare, safety & security, construction, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Reed Sensor Market – Regional Analysis
Asia-Pacific is expected to be the fastest growing region as robotics technology is increasingly being adopted in this region owing to rising demand for automation of processes, efficiency and productivity improvement, and reduction in human errors, thereby enhancing the growth of reed sensor market. North America followed by Europe is expected to show significant growth on account of increasing the adoption of the automobiles, high focus on technology innovation, presence of well-established, and emerging players providing reed sensors. Furthermore, Latin America and the Middle East and Africa are expected to show considerable growth in the reed sensor market during the forecast period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Reed Sensor Market
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LIST OF TABLES
Table 1 Global Reed Sensor Market, By Region, 2018–2023
Table 2 North America: Reed Sensor Market, By Country, 2018–2023
Table 3 Europe: Reed Sensor Market, By Country, 2018–2023
Table 4 Asia-Pacific: Reed Sensor Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Reed Sensor Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Reed Sensor Market
FIGURE 4 Value Chain Of Global Reed Sensor Market
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