The Global Reed Sensor Market is Expected to Grow at a CAGR of 8% by 2025

According to a new market report by Lucintel, the future of the global reed sensor market looks promising with opportunities in the automotive, consumer electronics, robotics & automation, IT & telecommunication, healthcare, and construction industries. The global reed sensor market is expected to grow with a CAGR of 8% from 2020 to 2025. The major growth drivers for this market are the increasing adoption of reed sensor applications in home appliances, HVAC, and smart meters and high demand for advanced sensor technology across wide range of verticals such as healthcare, aerospace & defense, automotive, and utilities industries.

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In this market, dry reed sensor and mercury wetted sensor are two major product types. Lucintel forecasts that the dry reed sensor segment is expected to witness the highest growth over the forecast period due to growing transition of manufacturers to adopt dry switching technology over mercury-wetted.

Within this market, automotive will remain the largest end use industry segment over the forecast period due to significant demand for reed sensor in automotive systems for relays, entertainment, communication, and safety.

Asia Pacific will remain the largest region over the forecast period due to growth of the elctric vehicle and consumer electronics industries.

Standex International Corporation, KEMET, ZF Friedrichshafen AG, Littelfuse, Inc, Airtac International Group, and Aleph America Corporation are among the major manufacturers of the global reed sensor market.   

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global reed sensor market by sensor type, product type, contact position, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Reed Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global reed sensor market by sensor type, product type, contact position, end use industry, and region as follows:

By Product Type:

Dry Reed Sensor

Mercury Wetted Reed Sensor

By Sensing Type [$M shipment analysis for 2014–2025]:

High Voltage Reed Sensor

High Temperature Reed Sensor

Metal Detection Reed Sensor

 

By Contact Position [$M shipment analysis for 2014–2025]:

Form A

Form B

Form C

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Automotive

Consumer Electronics

IT & Telecommunication

Healthcare

Construction

Robotics & Automation

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.