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Reed Sensor Market Growth and Revenue Status by Major Industry Players

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The reed sensor market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into dry-reed sensor and mercury-wetted reed sensor. By application, it is categorized into automotive, transportation, consumer electronics, robotics & automation, telecommunications, healthcare, construction, and others. Based on region, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.

Key players operating in the reed sensor market include Standex Electronics, Inc., Littelfuse, Inc., HSI Sensing, PIC GmbH, COTO TECHNOLOGY, Altech Corporation, KEMET Corporation, Honeywell International Inc., Schneider Electric, and Murata Manufacturing Co., Ltd. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the reed sensor industry and develop new products for enhancing product portfolio.

Reed sensor is a device incorporated with reed switch, that is, electromagnetic switch which is used for controlling and monitoring the flow of electricity in a circuit. It is made up of two or more reeds enclosed within a small glass tube-like envelope and attracted towards switch in the occurrence of magnetic field. In addition, reed sensors are of different shapes and sizes having capability to resist vibration and meet different application requirements such as position sensing, pulse counting, coil application, and temperature sensing.

Various market players are adopting number of strategies such as product launch and business expansion to sustain the growing competition in the market. For instance, SMC Corporation, a Japan-based company developed a product by using reed sensor technology called “D-A90” a connector type and used for MX cylinders. The company is specialized in providing solution regarding industrial automation, control systems, and equipment.

The reed sensor market is expected to witness significant growth during the forecast period due to surge in need for technological advancements in the sensors. The emergence of high-tech switch technology and automation makes switches advanced, highly reliable, secured, and durable.

Further, the reed sensors are mostly used for proximity sensing and are activated by magnetic field such as door and window sensors. It is used in every part of automotive for reliable and safe operations. For instance, reed sensors are used in automobile sun visors, early brake sensing, exhaust emission sensing, power windows, fuel cap position sensing, anti-lock braking system, coolant flow sensing, defective lamp detection, low fluid level monitoring, visual indicators of battery life, seatbelt lock sensing, accidental airbag deployment prevention, and power steering. Therefore, growth in the automotive industry is increasing the need for reed sensors in the coming years.

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