Reed sensors Market Research Report 2024 - by Type, By Application, By Technology

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Reed Sensors Market Size to exceed 2bn by 2024
growing at CAGR of 10.5
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Key Insights from Reed Sensors Market

• Reed sensors market size is anticipated to grow
  owing to the increasing demand from the consumer
  electronics industry for battery-operated
  applications. The technology is being used in
  several household appliances such as washing
  machines, coffee machines, refrigerators, dryers,
  and dishwaters, etc. The demand for appliances is
  growing owing to the increasing disposable income
  of people in Asia Pacific and Latin America,
  contributing toward the growth of the reed
  sensors market. The sensors are witnessing an
  extensive demand from HVAC applications such as
  air conditioners, compressors condensers, water
  flow, gas smart meters, etc.
• Moreover, the growing use of these components for
  cargo theft prevention and in medical equipment
  has added an extra value to its portfolio. For
  instance, the sensors are used in canal hearing
  aids, driving the demand for reed sensors in the
  healthcare equipment. The technology enables
  patients to adjust the volume and program the
  microelectronics. Other applications of reed
  sensors in medical equipment include pediatric
  feeding tubes, pacemakers defibrillators,
  dentist drill activation, spirometers, etc.

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Continued
The industrial controls automation segment in
the reed sensors market will witness growth to
reach over USD 300 million by 2024 due to an
increased demand in the industrial sector for
ferrous part detection, end-position sensing in
cylinders pistons, and in transformer tap
changers. They are considered as the extremophile
of sensors as they work efficiently in most harsh
environments and can be used from the bottom of
the ocean (high pressure) to space (zero
pressure) and from very cold (cryogenic
temperatures) to very hot (gt 200 C). Reed sensors
market is witnessing a huge demand in lock
systems as they consume low power and serve as a
desired solution for many emerging security
applications that use battery-powered devices
with wireless controllers.
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China reed sensor market size, by application,
2017 2024 (USD Million)

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Major Companies in Reed Sensor Market

• Bernstein AG
• Coto Technology 
• HSI Sensing 
• Littelfuse
• Magnasphere
• Nippon Aleph
• NTE Electronics Inc. 
• PIC GmBH
• Reed Switch Development Corporation 
• Ryazan Metal Ceramics Instrumentation Plant JSC
• Soway Tech Limited
• Standex Meder Electronics
• STG Germany GmbH 
• Yaskawa Controls 
• Zhejiang Xurui Electronic

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Industry Coverage

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Regional Insights in Reed Sensor Market

• Asia Pacific reed sensors market dominates the
  industry and is expected to grow in terms of unit
  shipment at a CAGR of 12.5. This is attributed
  to the established electronic and automotive
  industries of Taiwan and China respectively.
  Shanghai and Beijing are the major regions for
  the manufacturing of automobiles, communication
  equipment, and electronics in China, augmenting
  the market. Government support provided to
  Taiwans electronics industry is one of the major
  factors augmenting demand. Growing market for
  smart home devices in South Korea is further
  contributing toward industry growth. A high
  demand for remote home monitoring systems is
  creating opportunities for the market as many
  manufacturers are expanding their smart home
  product portfolios.

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