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Reed Sensor Market Share

Report ID: GMI2965
Published Date: Dec 2021
Report Format: PDF

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Reed Sensor Market Share

Key players operating in the reed sensor market are

Littelfuse, Inc.
Standex Electronics, Inc.
TE Connectivity
HSI Sensing
PIC GmbH
Coto Technology

These companies are emphasizing on strategic merger and acquisition activities to achieve a competitive advantage over other participants.

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market size of reed sensor crossed USD 1 billion in 2020 and may exhibit 7% CAGR between 2021-2027. The global unit shipments may cross 1,500 million units by 2027.

The surface mount type accounted for 40% of the market share in 2020 and may exhibit 8.5% CAGR through 2027, driven by its extraordinary features such as smaller footprint, long lifecycle, and low-power consumption.

Automotive systems such as cruise control and infotainment systems require reed sensor installations on a large scale. Automotive segment held 30% revenue share in 2020 and may depict 8% CAGR up to 2027.

Asia Pacific accounted for 40% of reed sensor industry share in 2020 and may register 8.5% gains through 2027, driven by favorable government schemes to encourage smart factory adoption in the region.