Reed Sensor Market by Type, Contact Position (Form A, Form B, Form C), Application (Automotive & Transportation, Consumer Electronics & Appliances, Robotics & Automation, Safety & Security), and Geography - Global Forecast to 2023
The overall reed sensor market is expected to grow from USD 1.49 billion in 2017 to USD 2.30 billion by 2023, at a CAGR of 7.40% from 2018 to 2023. Reed sensors offer several advantages, such as simple and reliable sensing and actuation capabilities; low cost and zero power requirement for operation; and safe to use in harsh industrial environments, which, in turn, help in the growth of the market. The market is gaining traction with the emergence of new applications and technologies. These sensors are being used in many applications such as telecommunications, automotive and transportation, consumer electronics and appliances, safety and security, healthcare, construction, robotics and automation, and other applications. The base year considered for the study is 2017, and the forecast has been provided from 2018 to 2023.
Market Dynamics
Drivers
- Use of reed sensors in automotive industry
- Reed sensor applications in home appliances, HVAC, and smart meters
- Benefit of low operating power and capable of working in harsh environments
Restraints
- Size of reed sensors
Opportunities
- Use of reed sensors in emerging technologies
Challenges
- Efficiency and reliability of reed sensors
Use of reed sensors in automotive industry drives global reed sensor market
A number of sensors are incorporated in a vehicle to ensure the smooth functioning of its various parts. Almost all areas of automotive interiors use reed sensors for reliable and safe operations. The low operating power and long life of reed sensors make it ideal for use in various applications in the automotive industry. For instance, reed sensors are used in automobile sun visors, early brake sensing, exhaust emission sensing, power windows, fuel cap position sensing, anti-lock braking system, coolant flow sensing, defective lamp detection, low fluid level monitoring, visual indicators of battery life, seatbelt lock sensing, accidental airbag deployment prevention, door sensors in cars, cruise control, and power steering, among others. Therefore, the ever-growing automotive industry drives the growth of the reed sensor market.
The following are the major Objectives of the Study.
- To describe and forecast the reed sensor market, in terms of value, by type, contact position, and application
- To describe and forecast the market, in terms of volume, by type and application
- To describe and forecast the market, in terms of value, by region Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW), along with their respective countries
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of reed sensor
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the reed sensor ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the reed sensor market
During this research study, major players operating in the reed sensor market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
To know about the assumptions considered for the study, download the pdf brochure
The reed sensor market comprises a network of players involved in the research and product development, raw material supply, component manufacturing, distribution and sale, and post-sales services. Key players considered in the analysis of the market are Littelfuse (US), HSI Sensing (US), RMCIP (Russia), Standex-Meder Electronics (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics (UK), Aleph America (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China).
Target Audience:
- Original equipment manufacturers (OEMs) of reed sensors
- Integrated device manufacturers
- Consumer electronics manufacturers
- Research organizations and consulting companies
- Subcomponent manufacturers
- Technology providers
- Electronic hardware equipment manufacturers
- Research institutes and organizations
Report Scope:
By Contact Position:
- Form A
- Form B
- Form C
- Others
By Type:
- Dry Reed Sensor
- Mercury-Wetted Reed Sensor
By Application:
- Telecommunications
- Automotive & Transportation
- Consumer Electronics & Appliances
- Safety & Security
- Healthcare
- Construction
- Robotics & Automation
- Others
By Geography:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Critical questions which the report answers
- Which are new application areas that are being explored by reed sensor companies?
- Who are the key players in the market and how intense is the competition?
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the clients specific requirements. The available customization options are as follows:
Geographic Analysis
- Further country-wise breakdown of the market in APAC based on application
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
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The overall reed sensor market is expected to grow from USD 1.61 billion in 2018 to USD 2.30 billion by 2023, at a CAGR of 7.40% during the forecast period. The use of reed sensors in the automotive industry; applications of reed sensor in home appliances, HVAC, and smart meters; and benefit of low operating power and capable of working in harsh environments are the key factors driving the growth of this market.
A reed sensor is a hermetically sealed electromagnetic sensor operated by an applied magnetic field generated by either a permanent magnet or current-carrying coil. Reed sensors are used for sensing and detecting movement, proximity, metal detection, and liquid level and flow measurement. It consists of 2 or more metal reed contacts (blades) that are hermetically sealed inside a glass capsule containing inert gas to prevent the activation of contacts. The contacts can be normally open, which closes in the presence of magnetic field, and normally closed, which opens when a magnetic field is applied.
The reed sensor market has been segmented on the basis of contact position into Form A, Form B, Form C, and others. The market for Form A sensors is expected to grow at the highest CAGR from 2018 to 2023. Form A is the most common reed sensor. The high adoption of Form A reed sensors in automotive and consumer appliances contribute to the rapid growth of the market.
The reed sensor market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the fastest-growing market for reed sensors. The rise in disposable income in APAC countries has led to the increase in the demand for vehicles and consumer appliances, which, in turn, increased the growth of the reed sensor market in this region. The increasing penetration of reed sensors and the influx of global players, along with the emergence of native players, are contributing to the growth of the market. As a result, APAC holds a significant share of the overall market.
Reed sensor applications in home appliances, HVAC, and smart meters drive growth of reed sensor market
Automotive & Transportation
Automotive and transportation is one of those applications where reed sensors are extensively used for various purposes. The reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, E-cars, and E-bikes. The reed sensors can be deployed for measurement of brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others. Apart from the basic functions in a vehicle, it is used in seat belt detection, anti-theft alarm, and door latch sensors, among others.
Consumer Electronics & Appliances
Reed sensors are used for various applications such as consumer appliances, HVAC, and lighting. In appliances, reed sensors are used in various products such as dishwasher, oven, microwave, refrigerator, ice maker, and washer and dryer; for HVAC plumbing, it is used for applications such as air-conditioner compressor and condensers, gas smart meter, water flow sensor, and instant water heater.
Robotics & Automation&
In the robotics and automation application, reed sensors are used for various applications such as robotic arm movement (pick and place), visual indication (alarm), liquid flow and level monitoring, inventory management systems, and machinery ignition systems. Reed sensors are used as proximity sensors to control robotic motion, conveyor speed, location, and angle.
Healthcare
Sensors play an important role in the durability of medical devices and healthcare systems. Reed sensors are widely used in applications such as sensing end position, medical mobility equipment, hospital beds, lift chair position, power wheelchair, and mobility scooter. In such applications, reed sensors are required to provide enhanced reliability and high sensitivity to ensure patient or user safety.
Critical questions the report answers:
- How are these developments beneficial to the industry for mid and long term?
- What are the upcoming industry applications for reed sensors?
The size of reed sensors is a major factor restraining the growth of the market. With the advancement of technology, the size of most consumer electronics, such as smartphones, TV, and laptops, has reduced to a large extent. The relatively large size of reed sensors causes an obstruction in product miniaturization. This has led consumer electronics goods manufacturers to utilize miniscule sensors with capabilities to perform similar tasks. For instance, reed sensors and the anisotropic magnetoresistance (AMR) sensors with about the same sensitivity range, reed sensors are significantly larger than AMR sensors. This allows designers to develop smaller, more reliable, and higher quality appliances and devices with virtually no power required by the sensor components.
Key players in the market include Littelfuse (US), HSI Sensing (US), RMCIP (Russia), Standex-Meder Electronics (US), PIC GmbH (Germany), Coto Technology (US), Pickering Electronics (UK), Aleph America (US), STG Germany GmbH (Germany), and Zhejiang Xurui Electronic (China). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Scope of Market
1.3.1 Geographic Scope
1.4 Years Considered
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Sampling Techniques and Data Collection Methods
2.1.2.2 Primary Sources
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in Reed Sensor Market
4.2 Market, By Application and Region
4.3 Market, By Contact Position
4.4 Market in APAC, By Application and Country
4.5 Geographic Analysis of Reed Sensor Market
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Use of Reed Sensors in Automotive Industry
5.3.1.2 Reed Sensor Applications in Home Appliances, HVAC, and Smart Meters
5.3.1.3 Benefit of Low Operating Power and Capable of Working in Harsh Environments
5.3.2 Restraints
5.3.2.1 Size of Reed Sensors
5.3.3 Opportunities
5.3.3.1 Use of Reed Sensors in Emerging Technologies
5.3.4 Challenges
5.3.4.1 Efficiency and Reliability of Reed Sensors
6 Reed Sensor Market, By Contact Position (Page No. - 37)
6.1 Introduction
6.2 Form A
6.3 Form B
6.4 Form C
6.5 Others
7 Reed Sensor Market, By Type (Page No. - 40)
7.1 Introduction
7.2 Dry-Reed Sensor
7.3 Mercury-Wetted Reed Sensor
8 Reed Sensor Market, By Application (Page No. - 43)
8.1 Introduction
8.2 Automotive & Transportation
8.3 Consumer Electronics & Appliances
8.4 Robotics & Automation
8.5 Telecommunications
8.6 Healthcare
8.7 Safety & Security
8.8 Construction
8.9 Others
9 Geographic Analysis (Page No. - 56)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 RoW
9.5.1 Middle East and Africa
9.5.2 South America
10 Competitive Landscape (Page No. - 87)
10.1 Introduction
10.2 Market Ranking Analysis, 2017
10.3 Competitive Scenario
10.3.1 Product Launch
10.3.2 Acquisitions
10.3.3 Partnerships and Agreements
11 Company Profiles (Page No. - 92)
11.1 Key Playkers
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1.1 Littelfuse
11.1.2 HSI Sensing
11.1.3 Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP)
11.1.4 Standex-Meder Electronics
11.1.5 PIC GmbH
11.1.6 Coto Technology
11.1.7 Pickering Electronics
11.1.8 Aleph America
11.1.9 Stg Germany GmbH
11.1.10 Zhejiang Xurui Electronic
11.2 Other Key Companies
11.2.1 Magnasphere
11.2.2 Nte Electronics
11.2.3 Multice Group
11.2.4 Zf Electronics Tvs
11.2.5 Kemet
11.2.6 Reed Switch Developments Corp.
11.2.7 Yaskawa Electric Corporation
11.2.8 Soway Tech Limited
11.2.9 Hnc Group
11.2.10 Bernstein Ag
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 115)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (66 Tables)
Table 1 Market, By Contact Position, 20152023 (USD Million)
Table 2 Market, By Type, 20152023 (USD Million)
Table 3 Market, By Type, 20152023 (Million Units)
Table 4 Market, By Application, 20152023 (USD Million)
Table 5 Market, By Application, 20152023 (Million Units)
Table 6 Market for Automotive & Transportation Application, By Type, 20152023 (USD Million)
Table 7 Market for Automotive & Transportation Application, By Region, 20152023 (USD Million)
Table 8 Market for Consumer Electronics & Appliances Application, By Type, 20152023 (USD Million)
Table 9 Market for Consumer Electronics & Appliances Application, By Region, 20152023 (USD Million)
Table 10 Market for Robotics & Automation Application, By Type, 20152023 (USD Million)
Table 11 Market for Robotics & Automation Application, By Region, 20152023 (USD Million)
Table 12 Market for Telecommunications Application, By Type, 20152023 (USD Million)
Table 13 Market for Telecommunications Application, By Region, 20152023 (USD Million)
Table 14 Market for Healthcare Application, By Type, 20152023 (USD Million)
Table 15 Market for Healthcare Application, By Region, 20152023 (USD Million)
Table 16 Market for Safety & Security Application, By Type, 20152023 (USD Million)
Table 17 Market for Safety & Security Application, By Region, 20152023 (USD Million)
Table 18 Market for Construction Application, By Type, 20152023 (USD Million)
Table 19 Market for Construction Application, By Region, 20152023 (USD Million)
Table 20 Market for Other Applications, By Type, 20152023 (USD Million)
Table 21 Market for Other Applications, By Region, 20152023 (USD Million)
Table 22 Market, By Region, 20152023 (USD Million)
Table 23 Market in North America, By Country, 20152023 (USD Million)
Table 24 Market in North America, By Application, 20152023 (USD Million)
Table 25 Market in North America for Automotive & Transportation Application, By Country, 20152023 (USD Million)
Table 26 Market in North America for Consumer Electronics & Appliances Application, By Country, 20152023 (USD Million)
Table 27 Market in North America for Robotics & Automation Application, By Country, 20152023 (USD Million)
Table 28 Market in North America for Telecommunications Application, By Country, 20152023 (USD Million)
Table 29 Market in North America for Healthcare Application, By Country, 20152023 (USD Million)
Table 30 Market in North America for Safety & Security Application, By Country, 20152023 (USD Million)
Table 31 Market in North America for Construction Application, By Country, 20152023 (USD Million)
Table 32 Market in North America for Other Applications, By Country, 20152023 (USD Million)
Table 33 Market in Europe, By Country, 20152023 (USD Million)
Table 34 Market in Europe, By Application, 20152023 (USD Million)
Table 35 Market in Europe for Automotive & Transportation Application, By Country, 20152023 (USD Million)
Table 36 Market in Europe for Consumer Electronics & Appliances Application, By Country, 20152023 (USD Million)
Table 37 Market in Europe for Robotics & Automation Application, By Country, 20152023 (USD Million)
Table 38 Market in Europe for Telecommunications Application, By Country, 20152023 (USD Million)
Table 39 Market in Europe for Healthcare Application, By Country, 20152023 (USD Million)
Table 40 Market in Europe for Safety & Security Application, By Country, 20152023 (USD Million)
Table 41 Market in Europe for Construction Application, By Country, 20152023 (USD Million)
Table 42 Market in Europe for Other Application, By Country, 20152023 (USD Million)
Table 43 Market in APAC, By Country, 20152023 (USD Million)
Table 44 Market in APAC, By Application, 20152023 (USD Million)
Table 45 Market in APAC for Automotive & Transportation Application, By Country, 20152023 (USD Million)
Table 46 Reed Sensor Market in APAC for Consumer Electronics & Appliances Application, By Country, 20152023 (USD Million)
Table 47 Market in APAC for Robotics & Automation Application, By Country, 20152023 (USD Million)
Table 48 Market in APAC for Telecommunications Application, By Country, 20152023 (USD Million)
Table 49 Market in APAC for Healthcare Application, By Country, 20152023 (USD Million)
Table 50 Market in APAC for Safety & Security Application, By Country, 20152023 (USD Million)
Table 51 Market in APAC for Construction Application, By Country, 20152023 (USD Million)
Table 52 Market in APAC for Other Application, By Country, 20152023 (USD Million)
Table 53 Market in RoW, By Region, 20152023 (USD Million)
Table 54 RoW Reed Sensor Market, By Application, 20152023 (USD Million)
Table 55 Market in RoW for Automotive & Transportation Application, By Country, 20152023 (USD Million)
Table 56 Market in RoW for Consumer Electronics & Appliances Application, By Country, 20152023 (USD Million)
Table 57 Market in RoW for Robotics & Automation Application, By Country, 20152023 (USD Million)
Table 58 Market in RoW for Telecommunications Application, By Country, 20152023 (USD Million)
Table 59 Market in RoW for Healthcare Application, By Country, 20152023 (USD Million)
Table 60 Market in RoW for Safety & Security Application, By Country, 20152023 (USD Million)
Table 61 Market in RoW for Construction Application, By Country, 20152023 (USD Million)
Table 62 Market in RoW for Other Applications, By Country, 20152023 (USD Million)
Table 63 Top 5 Players in Reed Sensor Market: 2017
Table 64 Product Launches (20152017)
Table 65 Acquisitions (20162018)
Table 66 Partnerships and Agreements (20162017)
List of Figures (37 Figures)
Figure 1 Markets Covered
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Market Breakdown and Data Triangulation
Figure 7 Process Flow of Market Size Estimation
Figure 8 Market: Market Size Analysis (20152023)
Figure 9 Market, By Application: Market for Robotics & Automation Application to Grow at Highest CAGR During Forecast Period
Figure 10 Market, By Contact Position (2018 vs 2023): Form A to Hold Largest Share of Reed Sensor Market By 2023
Figure 11 Market, By Region, 2017
Figure 12 Use of Reed Sensors in Automotive & Transportation Application Drives Market
Figure 13 North America Held Largest Share of Market for Healthcare Application in 2017
Figure 14 Form A to Hold Largest Size of Market During Forecast Period
Figure 15 China Held Largest Share of Market in 2017
Figure 16 China to Grow at Highest CAGR From 2018 to 2023
Figure 17 Value Chain Analysis: Reed Sensor Market
Figure 18 Reed Sensor Application in Household Appliances Drives Market
Figure 19 Production Statistics of Passenger Cars (20122017)
Figure 20 Form A to Dominate Market During Forecast Period
Figure 21 Dry Reed Sensor to Dominate Reed Sensor Market During Forecast Period
Figure 22 Automotive & Transportation to Hold Largest Size of Market During Forecast Period
Figure 23 Dry Reed Sensor Market to Dominate Market for Consumer Electronics & Appliances Application During Forecast Period
Figure 24 North America to Hold Largest Size in Market for Healthcare Application During Forecast Period
Figure 25 Dry Reed Sensor to Dominate Market for Construction Application During Forecast Period
Figure 26 APAC to Dominate Market During Forecast Period
Figure 27 North America: Snapshot of Market
Figure 28 US to Dominate Market in North America for Healthcare Application From 2018 to 2023
Figure 29 Europe: Snapshot of Market
Figure 30 Market in the UK for Healthcare Application to Grow at Highest CAGR From 2018 to 2023
Figure 31 RoE to Hold Largest Size of Reed Sensor Market in Europe for Construction Application From 2018 to 2023
Figure 32 APAC: Snapshot of Reed Sensor Market
Figure 33 China to Dominate Reed Sensor Market for Telecommunications Application During Forecast Period
Figure 34 South America to Dominate Market in RoW for Automotive & Transportation Application From 2018 to 2023
Figure 35 Key Developments in Market (20152018)
Figure 36 Littelfuse: Business Overview
Figure 37 Standex-Meder Electronics: Business Overview
Growth opportunities and latent adjacency in Reed Sensor Market