USD 2.1 billion
Reed Sensor Market Size, Share, Growth Analysis, By Contact Position (Form A, Form B), By Type (Dry-Reed Sensor, Mercury-Wetted Reed Sensor), By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45I2095 |
Region:
Global |
Published Date: December, 2024
Pages:
197
|Tables:
65
|Figures:
75
Reed Sensor Market Insights
Reed Sensor Market size was valued at USD 2.26 Billion in 2023 and is poised to grow from USD 2.43 Billion in 2024 to USD 4.33 Billion by 2032, growing at a CAGR of 7.50% during the forecast period (2025-2032).
The reed sensor industry is anticipated to have remarkable progress during the forecast period owing to the increasing demand for deployment of technology in reed sensors. The introduction of advanced switching technology and automation enhances switches, making them more dependable, secure, and long-lasting. Additionally, reed sensors are primarily used for proximity sensing and are activated by a magnetic field, for instance door and window sensors. It is applied in all the areas of a vehicle for effective and secure functioning. Hence, there is a rise in the demand for reed sensors in the upcoming years because of the progress in the automotive industry.
The increasing utilization of reed sensors in household appliances and HVAC systems, due to the growing need for low power consumption and ability to withstand extreme conditions is fueling the growth of the market. Furthermore, expansion of the reed sensor application in automotive industry is also supporting the expansion of the reed sensor market. On the other hand, high purchasing and encasing costs are factors that restrain the growth of the market. In addition, the integration of the IoT into reed sensors together with the development of advanced technologies related to reed sensor is creating immense opportunities for the growth of the market.
US Reed Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
7.50% CAGR
Global Reed Sensor Market ($ Bn)
Country Share for North America Region (%)
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Reed Sensor Market Segmental Analysis
Global Reed Sensor Market is segmented by Contact Position, Type, Application, and Region. Based on Contact Position, the market is segmented into Form A, Form B, Form C, Others. Based on Type, the market is segmented into Dry-Reed Sensor, Mercury-Wetted Reed Sensor. Based on Application, the market is segmented into Automotive & Transportation, Consumer Electronics & Appliances, Robotics & Automation, Telecommunications, Healthcare, Safety & Security, Construction, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Based on type, the dry reed sensor segment is dominating the market with the largest reed sensor market share. The reason for the high demand for dry reed sensor is the fact that dry reed sensors are extensively used in several spheres including automotive systems, security devices, and systems of industrial automation. Many manufacturers are evaluating the local and global market for increasing the presence of their products by developing and launching new and updating old ones. Reed Relays and Electronics India Limited has been at the forefront of the reed sensor market for a considerable time. These factors are boosting the growth of the segment, leading to the expansion of the market.
The mercury-wetted reed sensor segment is witnessing the fastest growth expected with a significant CAGR during the forecast period. Mercury-wetted reed sensor is in great demand because of their reliability and performance in high frequency applications. In recent years, manufacturers like Standex Electronics have developed advanced mercury-wetted reed sensors tailored for specific requirements in industrial automation, offering faster response and improved longevity. The growth reflects the ever-increasing demand for accuracy and reliability of sensors.
Analysis by Application
Based on application, the telecommunication segment is dominating the reed sensor market. As of 2023, the telecommunications segment stood strong as the largest segment in the market with one fourth of the market share. It is expected to grow further because of the increasing interest in integrated sensing solutions across various sectors. Prominent companies involved in this business are witnessing rapid expansion. For instance, TE Connectivity announced the smart consolidation of Reed sensors with advanced connectivity devices for smart homes and industry. These factors are increasing the growth of the telecommunication segment, resulting in the growth of the market.
As per reed sensor market analysis, automotive & transportation segment is experiencing tremendous growth and popularity in recent years. The segment growth is because of the fact that vehicles use advanced sensing technologies in applications for position sensing and safety systems, or energy management. This innovation has been led by companies such as TE Connectivity and Honeywell who have launched sensor-integrated new products for reed sensors. A new automotive reed switch line developed by TE Connectivity has recently appeared on the market that can easily withstand harsh conditions. The demand for such reed sensors is increasing in automotive because of the surging need for reliable sensing devices in electric and hybrid vehicles.
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Reed Sensor Market Regional Insights
North America is dominating with the largest reed sensor market share and during the forecast period. Advanced technology available in the market has increased reliance on automation for industrial needs, in conjunction with the fast-growing automotive sector in the region. This is mostly due to the advancement of sensor technology which helps in the automation of various essential functions. For instance, countries like the US are investing extensively on research and development efforts directed towards innovative use of reed sensors in a number of industries such as telecommunications and health care, among others. In the past few years, the US has witnessed a significant investment in terms of research and development with even funding crossing USD 14 Billion in sensor technology development.
Over the course of the projected period, it is anticipated that the market in Asia Pacific region would expand with the highest growth rate. The reed sensor market has witnessed a boom in the APAC region due to the increasing availability of disposable income and improving standards of living in the region. The rising demand for automobiles and consumer electronics in turn has augmented the demand for reed sensors in the region as well. Some of the main factors that are instrumental for the growth of the market are the increasing popularity of sensors across many applications in the region, driving demand for reed sensors.
Global Reed Sensor Market By Geography
- Largest
- Fastest
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Reed Sensor Market Dynamics
Reed Sensor Market Drivers
High Demand from Automotive Sector
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Globally car sales in 2022 reached nearly 66 million units. In automotive sensor applications, reed switches are quite common. The reed switch employs a magnetic float that adapts to the fluid level, in this case for measuring fuel levels, and induces a hermetically sealed switch in the stem. This is increasing the demand for reed sensor in automotive sector.
Growing Application in Renewable Energy Sector
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Reed sensors are installed in the wind turbines for positioning the blades, yaw control, and other pitch change actuators. They help in specifying the position of the blade and its angle towards the wind direction thus aiding in the optimal performance of the turbine in generating energy. Furthermore, reed sensors are useful for the wind turbine speed measurement which is important for the supervision of the rotor velocity and for controlling the electrical energy developed by the generator. In the photovoltaic sector, reed sensors are used in solar tracking systems to locate the orientation of solar modules in relation to the sun.
Reed Sensor Market Restraints
High Cost of Reed Sensors
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The cost of manufacturing reed sensors is expected to be relatively expensive. Also, the demand for the overall product is also on the higher side. Consequently, the consumption of hall-effect sensors is increasing which in turn is limiting the expansion of the reed sensor market. In addition, unlike reed switches, hall effect sensors are capable of detecting magnetic fields and even their strength and direction.
Low Durability in Extreme Conditions
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Reed sensors, while dependable and adaptable, do not perform well in harsh environments such as in high humid temperatures as well as corrosive environment, and hence have some limitations in terms of durability. Being encased in a glass, they are prone to mechanical impact. Such conditions cause these sensors to fail rendering them inappropriate for use in industrial and outdoor conditions where stronger sensors are needed. Hence, these cannot be broadly used in oil and gas or heavy machinery industries.
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Reed Sensor Market Competitive Landscape
The leading market players are investing on research and development in order to expand their range of products which will help the reed sensor market to develop. Furthermore, the market players have been undertaking a variety of strategic initiatives in order to broaden their reach on foreign markets with new market innovations such as signing contracts, introducing new products, acquisitions and mergers, partnerships with other firms, and more investments. In order to improve and sustain in a more developed and growing market environment, the reed sensor industry has to provide reasonably priced goods. The reed sensor market is dominated by Littelfuse Inc, HSI Sensing, RMCIP, Standex Electronics, Inc. and PIC GmbH.
Reed Sensor Market Top Player’s Company Profiles
- Littelfuse
- HSI Sensing
- Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP)
- Standex-Meder Electronics
- PIC GmbH
- Coto Technology
- Pickering Electronics
- Aleph America
- STG Germany GmbH
- Zhejiang Xurui Electronic
- Magnasphere
- NTE Electronics
- Multice Group
- ZF Electronics TVS
- Reed Switch Developments Corp.
- Yaskawa Electric Corporation
- Soway Tech Limited
- HNC Group
- Bernstein AG
Recent Developments
- In May 2024, MK33 launched SMD Reed Switch Series which provides a compact design for high power requirements.
- In February 2023, Littelfuse, Inc. announced the 59177 series ultra miniaturized overmolded reed switch. This switch provides designers with unmatched freedom in space-constrained applications.
- In January 2022, Infocomm Technology Center, an NGO focused on environmental, social, and corporate governance, was established to speed up the global transition to Industry 4.0 in the sphere of production in Singapore.
Reed Sensor Key Market Trends
- Penetration of IoT Enhancing Sensor Use: IoT harnesses the power of sensor networks to exchange information across multiple devices and locations. Physical parameters such as position, proximity, and motion are critical to IoT systems and can be detected and measured using reed sensors. Reed sensors are used in systems for intrusion detection, security alarms and smart locks so that access and egress areas are monitored, and breaches are detected, thus enhancing the growth of the reed sensor market.
- Growing Marine Application: Non-ferrous materials like plastic and composites are ideal materials for non-magnetic reed switches present in marine and underwater equipment. Management of lights and devices or power on or off along with the safety tether is the commonly used. In such case the magnetic actuator is fixed outside but the magnetic reed switch sensor unit is enclosed in a water-resistant compartment.
Reed Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the reed sensor market is likely to grow exponentially in the coming years due to technological advancement of sensors as well as switches in the direction of miniaturization and increased reliability. The usage of such sensors is increasing in low power metering devices such as electric and heat meters where the capability to withstand harsh surrounds and minimal power consumption is advantageous. Increase on industrial automation and the Industrial 4.0 also fuels the need for reed sensors since they are essential equipment for hydraulic and pneumatic systems which provide high speed operations and good isolation without drawing power. However, expansion of the market has been slow, due to inherent factors such as breakage, shock, and vibration susceptibility of reed switches, limited durability, and mechanical wear.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.1 billion |
| Market size value in 2031 | USD 4.03 billion |
| Growth Rate | 7.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Reed Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Reed Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Reed Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Reed Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Reed Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Reed Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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