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]:
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
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
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