The global reed sensor market accounted to US$ 765.07 Mn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 – 2027, to account to US$ 1,473.33 Mn by 2027.
The reed sensor of a reed switch are available in various configurations in the market. A reed switch typically consists of two or three metal reed contacts that are sealed hermetically inside a glass tube. The glass tube contains an inert gas that prevents the metal contacts to get in touch with each other unless given an input in the form of electro-magnetic field. The reed sensor come in varying sizes, magnetic sensitivities, and exhibit high power capabilities, high voltage capabilities as well as different contact and lead configurations. Accordingly, the study on reed sensor has been therefore segmented by contact position into Form A, Form B, Form C, Form D, and others. The growing demands for various consumer electronics devices coupled with additional demands for various smart security related products by individuals and businesses alike is anticipated to propel the growth in the adoptions for form A configuration of reed sensor.
The key players profiled in the Reed Sensor Market research study includes:
- BIMBA MANUFACTURING COMPANY
- COTO TECHNOLOGY
- LITTELFUSE INC.
- PIC GMBH
- PICKERING ELECTRONICS LTD
- SMC CORPORATION
- STANDEX ELECTRONICS INC.
- STG-GERMANY GROUP
- ZHEJIANG XURUI ELECTRONIC CO. LTD
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Since, the key findings in the Reed Sensor Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Reed Sensor Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.
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