The Business Research Company’s report on the Reed Sensor Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the reed sensor market’s growth in recent years?
Increasing demand for electric vehicles is expected to propel the growth of the reed sensor market going forward. Electric vehicles are types of vehicles that are designed to be more environmentally friendly and energy-efficient compared to traditional internal combustion engine vehicles. Reed sensors are primarily used in electric vehicles for position and proximity sensing. It enhances functionality, safety, and efficiency while ensuring reliable and accurate sensing capabilities and controlling the operation of the vehicles. For instance, in April 2023, according to the International Energy Agency, a France-based intergovernmental organization, in 2022, electric cars accounted for 14% of new car sales, reflecting a significant increase from approximately 9% in 2021. Therefore, the increasing demand for electric vehicles is driving the growth of the Reed sensor market.
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How does the future projection of the reed sensor market size compare to its historical growth?
The reed sensor market size has grown strongly in recent years. It will grow from $1.74 billion in 2024 to $1.9 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to electronics miniaturization, automotive industry adoption, telecommunications expansion, industrial automation growth, and security system development
The reed sensor market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to IoT and connected devices, automotive industry advancements, rise in home automation, safety and security needs, and advancements in material science. Major trends in the forecast period include advancements in magnet technology, enhanced sensing capabilities, AI and machine learning integration, energy harvesting solutions, increased reliability and longevity.
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Which key players are shaping the future of the reed sensor market?
Major companies operating in the reed sensor market include ZF Friedrichshafen AG, Schneider Electric SE, TE Connectivity, Madison Company Inc., Yaskawa Electric Corporation, Littelfuse Inc., KEMET Corporation, AirTAC International Group, GEMÜ Group, Standex Electronics Inc., HNC Electric Ltd., PIC GmbH, HSI Sensing, Coto Technology Inc., Bernstein AG, Pickering Electronics Ltd., Aleph America Corporation, MagneLink Inc., Misensor Tech (Shanghai) Co. Ltd., Sensor Measurement PTY Ltd., Zhejiang Xurui Electronics Co Ltd., Hamilton Electronics Pvt. Ltd., Sigma Enterprises, Ryazan Metal Ceramics Instrumentation Plant JSC, STG Germany GmbH.
What trends will propel the growth and evolution of the reed sensor market?
Major companies operating in the reed sensor market are developing innovative, specialized products such as low-profile designs to sustain their position in the market. Low-profile design refers to a compact form factor that minimizes the height and volume of a component, allowing for more efficient use of space in electronic devices and enabling closer arrangements of components on a printed circuit board. For instance, in May 2024, StandexMeder Electronics GmbH, a US-based industrial technology company, introduced the MK33 SMD Reed Switch Series, designed for high performance in a compact size with a bare-glass construction. This economical switch offers exceptional reliability, featuring a 10 VA power rating and a maximum height of 2.3 mm, making it the lowest-profile switch in their SMD lineup. Available in lengths of 10 and 14 mm, it can handle voltage levels up to 200 VDC/VAC, with switching currents of 0.5 A and 1 A carry current. Its reduced height provides additional space in constrained designs and optimizes PCB layouts, enabling closer switch arrays for compact sensor solutions such as liquid-level sensors.
Which regions are expected to become dominant players in the reed sensor market?
Asia-Pacific was the largest region in the reed sensor market in 2024. The regions covered in the reed sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the reed sensor market, and how are they evolving?
The reed sensor market covered in this report is segmented –
1) By Type: Ultra-Miniature, Dry-Reed Sensor, Mercury-Wetted
2) By Mounting Type: Panel Mount Reed Sensor, Surface Mount Reed Sensor, Thread Mount Reed Sensor, Screw Mount Reed Sensor, Other Mounting Types
3) By Contact Position: Form A, Form B, Form C, Others Contact Positions
4) By Industry Vertical: Automotive, Electronic, Information Technology And Telecommunication, Healthcare, Robotics And Automation, Aerospace, Construction, Safety And Security, Other Industry Verticals
Subsegments:
1) By Ultra-Miniature: Micro Reed Sensors, Compact Reed Switches For Low-Profile Applications
2) By Dry-Reed Sensor: Normally Open (NO) Dry Reed Switches, Normally Closed (NC) Dry Reed Switches
3) By Mercury-Wetted: Mercury-Wetted Reed Switches For High-Precision Applications, Mercury-Wetted Reed Sensors For Harsh Environments
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What defines the structure and scope of the reed sensor market?
A reed sensor is an electronic component used for sensing and detecting the presence or absence of a magnetic field. It is a simple, passive device that consists of two ferromagnetic reed contacts enclosed in a glass envelope and separated by a small gap. Reed sensors are of different shapes and sizes, can resist vibration, and meet additional application requirements such as position sensing, pulse counting, coil application, and temperature sensing.
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