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 reed sensor 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.
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Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
• Download PDF Brochure:-
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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 reed sensor 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
APAC to dominate reed sensor market during forecast period
The reed sensor market in APAC is expected to grow at
the highest CAGR during the forecast period. 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 reed sensor
market.
The 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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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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