PUBLISHER: TechNavio | PRODUCT CODE: 1915392
PUBLISHER: TechNavio | PRODUCT CODE: 1915392
The global reed sensor market is forecasted to grow by USD 585.5 mn during 2024-2029, accelerating at a CAGR of 6.2% during the forecast period. The report on the global reed sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by sustained demand from automotive sector for safety and body electronics, expansion of smart home appliances and consumer electronics, critical role in industrial automation and medical devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 5.8% |
| CAGR | 6.2% |
| Incremental Value | $585.5 mn |
Technavio's global reed sensor market is segmented as below:
By End-User
By Type
By Form Factor
Geography
This study identifies the accelerated adoption in automotive electrification and adas as one of the prime reasons driving the global reed sensor market growth during the next few years. Also, miniaturization and material science innovations for high-density and harsh environment applications and strategic integration with IoT and smart building ecosystems will lead to sizable demand in the market.
The report on the global reed sensor market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global reed sensor market vendors that include Celduc Relais, Comus International, Coto Technology, Inc., Dolphin Devices Pvt. Ltd., GE Ding Information Inc., KCF Technologies Inc., Littelfuse Inc., Magnotech Sensors, Mouser Electronics Inc., OMRON Corp., PIC GmbH, Pickering Electronics Ltd., PIT-RADWAR S.A., Reed Relays and Electronics India Ltd., RMCIP, S.T.G. Germany GmbH, SMC Corp., Standex Electronics Inc., TE Connectivity Ltd., Zhejiang Xurui Electronic Co., Ltd.. Also, the global reed sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.