The Reed Sensor Global Market Report 2023, provides comprehensive information on the reed sensor market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global reed sensor market is expected to grow from $1.47 billion in 2022 to $1.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global reed sensor is expected to reach $2.27 billion in 2027 at a CAGR of 8.9%.
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Technological advancements are a key trend gaining popularity in the Reed sensor market. Major companies operating in the Reed sensor market are developing innovative specialized products to sustain their position in the market. For instance, in December 2020, Littelfuse Inc., a US-based electronics company, introduced the MITI-7 Series Ultra-Miniature Reed Switch, a hermetically sealed, single-pole, single-throw (SPST) reed switch that is available in a variety of magnetic sensitivities. This innovative product is designed for various applications, including position and speed sensing, security systems, and industrial control. It also has a wide range of features, including the ability to switch loads at the logic level of microcontrollers at 170 VDC or 0.25 A at up to 10 W, sensitivity options ranging from 6 AT to 20 AT, and a small size (7 mm x 1.8 mm) that requires very little circuit board space.
The reed sensor market is segmented:
1) By Type: Ultra-Miniature, Dry-Reed Sensor, Mercury-Wetted
2) By Mounting Type: Panel Mount Reed Sensor, Surface Mount Reed Sensor, Thread Mount Reed Sensor, Screw Mount Reed Sensor, Other Mounting Types
3) By Contact Position: Form A, Form B, Form C, Others Contact Positions
4) By Industry Vertical: Automotive, Electronic, Information Technology And Telecommunication, Healthcare, Robotics And Automation, Aerospace, Construction, Safety And Security, Other Industry Verticals
Asia-Pacific was the largest region in the reed sensor market in 2022.
Top 5 Major Key Players Are:
ZF Friedrichshafen AG
Schneider Electric SE
TE Connectivity
Madison Company Inc
Yaskawa Electric Corporations
Table Of Contents
1. Executive Summary
2. Reed Sensor Market Characteristics
3. Reed Sensor Market Trends And Strategies
4. Reed Sensor Market – Macro Economic Scenario
5. Reed Sensor Market Size And Growth
……
32. Global Reed Sensor Market Competitive Benchmarking
33. Global Reed Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Reed Sensor Market
35. Reed Sensor Market Future Outlook and Potential Analysis
36. Appendix
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