Reed Switches/Sensors Market
Reed Switches/Sensors Market Size, Share & Trends Analysis Report by Reed Sensor Type (High-Temperature Reed Sensor, High Voltage Reed Sensor, Metal Detection Reed Sensor, Dry-Reed Sensor, Mercury-Wetted Reed Sensor, and Others), by Reed Sensor Mount Type (Panel Mount, Screw Mount, Surface Mount, and Thread Mount), and by Application (Automotive & Transportation, Consumer Electronics & Appliances, Cruise Control, Infotainment Systems, Safety Systems, and Others) Forecast Period (2024-2031)
Reed switches/sensors market is anticipated to grow at a CAGR of 9.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for automation across the globe. The development in automation across sectors has raised increasing demand for sensors that provide reliable responses in a variety of applications. For instance, in August 2023, Littelfuse, Inc. released its newest products, the 59155 and 59156. The globe's smallest subminiature flange mount reed sensors offer contactless activation, minimal dimensions, and versatility, making them suitable for various sectors with tight spacing requirements. The 59155 and 59156 are miniature reed sensors with a switchable voltage of 120 Vac/170 Vdc, suitable for various applications including small appliances, security, and IoT.
Segmental Outlook
The global reed switches/sensors market is segmented on the reed sensor type, reed sensor mount type, and application. Based on the reed sensor type, the market is sub-segmented into high-temperature reed sensors, high-voltage reed sensors, metal detection reed sensors, dry-reed sensor
mercury-wetted reed sensor, and others. Based on the reed sensor mount type, the market is sub-segmented into panel mount, screw mount, surface mount, and thread mount. Furthermore, based on application, the market is sub-segmented into automotive & transportation, consumer electronics & appliances, cruise control, infotainment systems, safety systems, and others. The automotive & transportation subcategory is expected to capture a significant portion of the market share within the passenger cars segment. The growth can be attributed to the rising global demand for electric vehicles has provided possibilities for growth in the industry. Reed switches are used in electric car chargers to accelerate the charging process. According to the International Energy Agency (IEA), in 2022, the global number of public charging points reached 2.7 million, with 900,000 installations, a 55% increase from the previous year and comparable to pre-pandemic growth.
The high-temperature reed sensor Sub-Segment is Anticipated to Hold a Considerable Share of the global Reed Switches/Sensors Market
Among the reed sensor types, the high-temperature reed sensor sub-segment is expected to hold a considerable share of the global Reed Switches/Sensors market. The segmental growth is attributed to the increasing demand for industry demand for high-temperature solutions. Industries with high-temperature applications, such as downhole drilling in oil & gas or automotive under-the-hood applications, are expected to increase demand for high-temperature reed sensors. For instance, in July 2023, Pickering Electronics launched a new high-temperature high voltage single-in-line reed relay that can operate at up to 125°C. The Series 104HT relay is a small high-voltage reed relay with a stand-off voltage of up to 4kV. It is available in the SIL package with a 6.35mm (0.25in) pitch.
Regional Outlook
The global reed switches/sensors market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the manufacturers' growing emphasis on product innovation, in addition to higher expenditures in research and development (R&D) activities in this region.
Global Reed Switches/Sensors Market Growth by Region 2024-2031
The Asia-Pacific region is Expected to Grow at a Significant CAGR in the global Reed Switches/Sensors Market
Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the increased automation in industry and the growth of Industrial 4.0 across the region. The development of automation in industry and Industrial 4.0 promises to accelerate the usage of reed sensor technology. According to the International Federation of Robotics (IFR), in October 2018, it is anticipated that approximately 630,000 robot units are projected to be shipped globally by 2022. This advancement in robot technology, combined with the adoption of international standards, has helped to provide safer workplaces, boost productivity, and reduce environmental impact. A reed sensor is used to precisely determine the terminal position of hydraulic or pneumatic cylinders and actuators.
Market Players Outlook
The major companies serving the global reed switches/sensors market include Honeywell International Inc., Littelfuse, Inc., Standex International Corp., OMRON Corp., and TE Connectivity Ltd., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2024, Murata launched the SCH16T-K01 - A Next Generation 6DoF Inertial Sensor. The SCH16T-K01 sensor provides superior positioning solutions owing to its advanced gyro, noise density, dynamic range, and high linearity, in addition to superior performance and time synchronization characteristics that ensure optimal performance through all temperature ranges.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global reed switches/sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Continental AG
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Harbin Electric corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Honeywell International Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Reed Switches/Sensors Market by Reed Sensor Reed Sensor Type
4.1.1. High-Temperature Reed Sensor
4.1.2. High Voltage Reed Sensor
4.1.3. Metal Detection Reed Sensor
4.1.4. Dry-Reed Sensor
4.1.5. Mercury-Wetted Reed Sensor
4.1.6. Others (Ultra-Miniature)
4.2. Global Reed Switches/Sensors Market by Reed Sensor Mount Reed Sensor Type
4.2.1. Panel Mount
4.2.2. Screw Mount
4.2.3. Surface Mount
4.2.4. Thread Mount
4.3. Global Reed Switches/Sensors Market by Application
4.3.1. Automotive & Transportation
4.3.2. Consumer Electronics & Appliances
4.3.3. Cruise Control
4.3.4. Infotainment Systems
4.3.5. Safety Systems
4.3.6. Others (Robotics & Automation, and Telecommunications)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Coto Technology, Inc.
6.2. Littelfuse, Inc.
6.3. Nippon Aleph
6.4. NTE Electronics, Inc.
6.5. OKI Electric Industry Co., Ltd.
6.6. OMRON Corp.
6.7. PIC Proximity Instrumentation Controls Kontaktbauelemente GmbH
6.8. Reed Relays and Electronics India Ltd.
6.9. SMC Corp.
6.10. Soway Tech Ltd.
6.11. Standex International Corp.
6.12. Standex International Corp.
6.13. TE Connectivity Ltd.
1. GLOBAL REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR TYPE, 2023-2031 ($ MILLION)
2. GLOBAL HIGH-TEMPERATURE REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL HIGH VOLTAGE REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL METAL DETECTION REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL DRY REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL MERCURY-WETTED REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL OTHER REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR MOUNT TYPE, 2023-2031 ($ MILLION)
9. GLOBAL REED SWITCHES/SENSORS BY PANEL MOUNT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL REED SWITCHES/SENSORS BY SCREW MOUNT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL REED SWITCHES/SENSORS BY SURFACE MOUNT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL REED SWITCHES/SENSORS BY THREAD MOUNT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
14. GLOBAL REED SWITCHES/SENSORS IN AUTOMOTIVE & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL REED SWITCHES/SENSORS IN CONSUMER ELECTRONICS & APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL REED SWITCHES/SENSORS IN CRUISE CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL REED SWITCHES/SENSORS IN INFOTAINMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL REED SWITCHES/SENSORS IN SAFETY SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL REED SWITCHES/SENSORS IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. GLOBAL REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
21. NORTH AMERICAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
22. NORTH AMERICAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR TYPE, 2023-2031 ($ MILLION)
23. NORTH AMERICAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR MOUNT TYPE, 2023-2031 ($ MILLION)
24. NORTH AMERICAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
25. EUROPEAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
26. EUROPEAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR TYPE, 2023-2031 ($ MILLION)
27. EUROPEAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR MOUNT TYPE, 2023-2031 ($ MILLION)
28. EUROPEAN REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
30. ASIA-PACIFIC REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR TYPE, 2023-2031 ($ MILLION)
31. ASIA-PACIFIC REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR MOUNT TYPE, 2023-2031 ($ MILLION)
32. ASIA-PACIFIC REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
33. REST OF THE WORLD REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
34. REST OF THE WORLD REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR TYPE, 2023-2031 ($ MILLION)
35. REST OF THE WORLD REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY REED SENSOR MOUNT TYPE, 2023-2031 ($ MILLION)
36. REST OF THE WORLD REED SWITCHES/SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL REED SWITCHES/SENSORS MARKET SHARE BY REED SENSOR TYPE, 2023 VS 2031 (%)
2. GLOBAL HIGH-TEMPERATURE REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL HIGH REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL METAL REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL DRY REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL MERCURYT REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL OTHERS REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL REED SWITCHES/SENSORS MARKET SHARE BY REED SENSOR MOUNT TYPE, 2023 VS 2031 (%)
9. GLOBAL HIGH REED SWITCHES/SENSORS BY PANEL MOUNT MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL HIGH REED SWITCHES/SENSORS BY SCREW MOUNT MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL HIGH REED SWITCHES/SENSORS BY SURFACE MOUNT MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL HIGH REED SWITCHES/SENSORS BY THREAD MOUNT MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL HIGH REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL REED SWITCHES/SENSORS MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
15. GLOBAL REED SWITCHES/SENSORS IN AUTOMOTIVE & TRANSPORTATION MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL REED SWITCHES/SENSORS IN CONSUMER ELECTRONICS & APPLIANCES MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL REED SWITCHES/SENSORS IN CRUISE CONTROL MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL REED SWITCHES/SENSORS IN INFOTAINMENT SYSTEMS MARKET SHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL REED SWITCHES/SENSORS IN SAFETY SYSTEMS MARKET SHARE BY REGION, 2023 VS 2031 (%)
20. GLOBAL REED SWITCHES/SENSORS IN OTHERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
21. GLOBAL REED SWITCHES/SENSORS MARKET SHARE BY REGION, 2023 VS 2031 (%)
22. US REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
23. CANADA REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
24. UK REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
25. FRANCE REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
26. GERMANY REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
27. ITALY REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
28. SPAIN REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
29. REST OF EUROPE REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
30. INDIA REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
31. CHINA REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
32. JAPAN REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
33. SOUTH KOREA REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
34. REST OF ASIA-PACIFIC REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
35. REST OF THE WORLD REED SWITCHES/SENSORS MARKET SIZE, 2023-2031 ($ MILLION)
