The reed sensor market is forecasted to grow by USD 537 mn during 2023-2028, accelerating at a CAGR of 6% during the forecast period. The report on the reed sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reed sensor applications in home appliances, adoption in low-power metering applications, and adoption of home monitoring and surveillance systems.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.6%
CAGR
6%
Incremental Value
$537 mn
Technavio's reed sensor market is segmented as below:
By End-user
Automotive
Electronics
Industrial
Construction and security
Others
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the increase in industrial automation as one of the prime reasons driving the reed sensor market growth during the next few years. Also, increasing deployment of reed sensors in medical and healthcare devices and growth of semiconductor test and measurement systems will lead to sizable demand in the market.
The report on the reed sensor market covers the following areas:
Reed Sensor Market sizing
Reed Sensor Market forecast
Reed Sensor Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading reed sensor market vendors that include Aleph America, Celduc Relais, Comus International, Coto Technology, GE Ding Information Inc., HSI Sensing, Littelfuse Inc., OMRON Corp., PIC GmbH, Pickering Electronics Ltd., Pit Radwar Sa, Reed Relays and Electronics India Ltd., RMCIP, SMC Corp., Standex Electronics Inc., STG Germany GmbH, TE Connectivity Ltd., Thomas White Leicester Ltd., and Zhejiang Xurui Electronic Co. Ltd.. Also, the reed sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Reed Sensor Market 2018 - 2022
Historic Market Size - Data Table on Global Reed Sensor Market 2018 - 2022 ($ million)