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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Dry reed sensors to hold largest share of reed sensor market by 2023
Dry reed sensors are expected to hold the largest
share of the reed sensor market based on type, in terms of value, by
2023. The largest share of the sensors based on this technology is
attributed to its features such as long life, contacts isolated from the
environment, low operating power, low cost compared with other magnetic
devices, and superior glass-to-metal seal. The dry-reed sensor is used
for a wide range of applications such as automotive and transportation,
security and safety, and consumer electronics and appliances.
Reed sensor market for robotics & automation application to grow at highest CAGR from 2018 to 2023
The reed sensor market for robotics and automation
applications is expected to grow at the highest CAGR from 2018 to 2023.
In the robotics and automation application, reed sensors are used in
various parts 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. The increase in automation in the manufacturing
field helps in the growth of the reed sensor market.
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 reed sensor 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).
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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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