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Magnetic Reed Proximity Sensors Market Share

Report ID: GMI11198
Published Date: Sep 2024
Report Format: PDF

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Magnetic Reed Proximity Sensors Market Share

Texas Instruments Inc. and Infineon Technologies AG collectively held a significant share of the market in 2023. Texas Instruments Inc. (TI) is a major player in the semiconductor industry, renowned for its extensive portfolio of analog and digital integrated circuits. The company is a leading provider of innovative solutions across various applications, including automotive, industrial, consumer electronics, and communications. Texas Instruments leverages its expertise in semiconductor technology to support the development and enhancement of sensor systems, including magnetic reed proximity sensors.

Infineon Technologies AG is a prominent global player in the semiconductor industry, specializing in a broad range of technologies including automotive, industrial, and consumer electronics. Headquartered in Neubiberg, Germany, Infineon is recognized for its innovative solutions in power management, automotive electronics, and sensor technologies. The company's expertise in semiconductor technology extends to magnetic reed proximity sensors, where it leverages its advanced capabilities to meet the growing demands of various industries.

Magnetic Reed Proximity Sensors Market Companies

Major players operating in the market are:

Texas Instruments Inc.
Infineon Technologies AG
NXP Semiconductors N.V.
STMicroelectronics N.V.
ON Semiconductor Corporation
Broadcom Inc.
Analog Devices, Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for magnetic reed proximity sensors was valued at USD 46.5 billion in 2023 and is anticipated to grow at over 5% CAGR between 2024 and 2032, driven by technological advancements in sensor integration and miniaturization.

The short range (up to 10 mm) magnetic reed proximity sensors market segment is expected to reach over USD 40 billion by 2032, due to their compact size and reliability.

Asia Pacific market is expected to reach USD 35 billion by 2032, driven by the rapid growth of automotive, industrial, and consumer electronics sectors.

Texas Instruments Inc, Infineon Technologies AG, NXP Semiconductors N.V, STMicroelectronics N.V, ON Semiconductor Corporation, Broadcom Inc, Analog Devices, Inc. among others.