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Reed Sensor Market Share
- Report ID: GMI2965
- Published Date: Dec 2021
- Report Format: PDF
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.
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.
Reed Sensor Market Scope
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