Aug 30, 2018   SOURCE: PR NewsWire

Global Reed Sensor Market Forecast to 2023: Focus on Automotive & Transportation, Consumer Electronics & Appliances, Robotics & Automation & Healthcare

DUBLIN, Aug 30, 2018 /PRNewswire/ --

The "Reed Sensor Market by Type, Contact Position (Form A, Form B, Form C), Application (Automotive & Transportation, Consumer Electronics & Appliances, Robotics & Automation, Safety & Security), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The overall reed sensor market is expected to grow from USD 1.61 billion in 2018 to USD 2.30 billion by 2023, at a CAGR of 7.40% during the forecast period.

The use of reed sensors in the automotive industry; applications of reed sensor in home appliances, HVAC, and smart meters; and benefit of low operating power and capable of working in harsh environments are the key factors driving the growth of this market.

A reed sensor is a hermetically sealed electromagnetic sensor operated by an applied magnetic field generated by either a permanent magnet or current-carrying coil. Reed sensors are used for sensing and detecting movement, proximity, metal detection, and liquid level and flow measurement. It consists of 2 or more metal reed contacts (blades) that are hermetically sealed inside a glass capsule containing inert gas to prevent the activation of contacts. The contacts can be normally open, which closes in the presence of magnetic field, and normally closed, which opens when a magnetic field is applied.

The reed sensor market has been segmented on the basis of contact position into Form A, Form B, Form C, and others. The market for Form A sensors is expected to grow at the highest CAGR from 2018 to 2023. Form A is the most common reed sensor. The high adoption of Form A reed sensors in automotive and consumer appliances contribute to the rapid growth of the market.

The reed sensor market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is the fastest-growing market for reed sensors. 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.

Automotive & Transportation

Automotive and transportation is one of those applications where reed sensors are extensively used for various purposes. The reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, E-cars, and E-bikes. The reed sensors can be deployed for measurement of brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others. Apart from the basic functions in a vehicle, it is used in seat belt detection, anti-theft alarm, and door latch sensors, among others.

Consumer Electronics & Appliances

Reed sensors are used for various applications such as consumer appliances, HVAC, and lighting. In appliances, reed sensors are used in various products such as dishwasher, oven, microwave, refrigerator, ice maker, and washer and dryer; for HVAC plumbing, it is used for applications such as air-conditioner compressor and condensers, gas smart meter, water flow sensor, and instant water heater.

Robotics & Automation

In the robotics and automation application, reed sensors are used for various applications 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.

Healthcare

Sensors play an important role in the durability of medical devices and healthcare systems. Reed sensors are widely used in applications such as sensing end position, medical mobility equipment, hospital beds, lift chair position, power wheelchair, and mobility scooter. In such applications, reed sensors are required to provide enhanced reliability and high sensitivity to ensure patient or user safety.

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).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Reed Sensor Market
4.2 Reed Sensor Market, By Application and Region
4.3 Reed Sensor Market, By Contact Position
4.4 Reed Sensor Market in APAC, By Application and Country
4.5 Geographic Analysis of Reed Sensor Market

5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Use of Reed Sensors in Automotive Industry
5.3.1.2 Reed Sensor Applications in Home Appliances, HVAC, and Smart Meters
5.3.1.3 Benefit of Low Operating Power and Capable of Working in Harsh Environments
5.3.2 Restraints
5.3.2.1 Size of Reed Sensors
5.3.3 Opportunities
5.3.3.1 Use of Reed Sensors in Emerging Technologies
5.3.4 Challenges
5.3.4.1 Efficiency and Reliability of Reed Sensors

6 Reed Sensor Market, By Contact Position
6.1 Introduction
6.2 Form A
6.3 Form B
6.4 Form C
6.5 Others

7 Reed Sensor Market, By Type
7.1 Introduction
7.2 Dry-Reed Sensor
7.3 Mercury-Wetted Reed Sensor

8 Reed Sensor Market, By Application
8.1 Introduction
8.2 Automotive & Transportation
8.3 Consumer Electronics & Appliances
8.4 Robotics & Automation
8.5 Telecommunications
8.6 Healthcare
8.7 Safety & Security
8.8 Construction
8.9 Others

9 Geographic Analysis

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis, 2017
10.3 Competitive Scenario
10.3.1 Product Launch
10.3.2 Acquisitions
10.3.3 Partnerships and Agreements

11 Company Profiles

    --  Aleph America
    --  Bernstein Ag
    --  Coto Technology
    --  Hnc Group
    --  HSI Sensing
    --  Kemet
    --  Littelfuse
    --  Magnasphere
    --  Multice Group
    --  Nte Electronics
    --  PIC GmbH
    --  Pickering Electronics
    --  Reed Switch Developments Corp.
    --  Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP)
    --  Soway Tech Limited
    --  Standex-Meder Electronics
    --  Stg Germany GmbH
    --  Yaskawa Electric Corporation
    --  Zf Electronics Tvs
    --  Zhejiang Xurui Electronic

For more information about this report visit https://www.researchandmarkets.com/research/8f4kb8/global_reed?w=5

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