The global reed switches/sensors market is anticipated to grow at a CAGR of 9.5% during the forecast period (2024-2031). Reed switches find applications in various industries, including automotive, consumer electronics, medical devices, industrial automation, telecommunications, and security systems. In the automotive industry, they are used for position sensing and in security systems to detect unauthorized entry. Consumer electronics utilize them as proximity sensors, while medical devices employ them for flow and pressure sensing. In industrial automation, reed switches serve as limit switches and are used for level sensing. In telecommunications, they are utilized in relay and switching applications, in addition to telephone hook switches. Finally, reed switches are commonly employed in security systems for burglar alarms and access control systems. The market’s growth is attributed to the increasing demand for smart sensors. The global reed switches and sensors market is influenced by the demand for smart sensors with increased functionality and dependability. Sensors with characteristics such as automatic disengagement and warning systems address the demand for sophisticated and responsive solutions. For instance, in October 2023,Uno Minda, has unveiled a range of side stand sensors and switches that use advanced magnetic sensor technology. The new product includes an improved mechanism that disengages the engine circuit unit when the side stand grows dangerous, ensuring the comfort of bike riders, in addition to an LED light warning for driver attentiveness.
Browse the full report description of “Reed Switches/Sensors Market Size, Share & Trends Analysis Report by Reed Sensor Type (High-Temperature Reed Sensor, High Voltage Reed Sensor, Metal Detection Reed Sensor, Dry-Reed Sensor, Mercury-Wetted Reed Sensor, and Others), by Reed Sensor Mount Type (Panel Mount, Screw Mount, Surface Mount, and Thread Mount), and by Application (Automotive & Transportation, Consumer Electronics & Appliances, Cruise Control, Infotainment Systems, Safety Systems, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/reed-switches-sensors-market
Furthermore, TMR (Tunnel Magneto Resistance) Technology is a widely recognized technology that has gained popularity in recent years owing to its high sensitivity and low power consumption. This technology significantly improves the performance of magnetic sensors and enables more accurate measurements to be made. in Mauch 2021,ABLIC Inc. launched the S-5701 B Series surface mount TMR (Tunnel Magneto Resistance) sensor IC, a magnetic sensor IC with super-low current consumption, high magnetic sensitivity, long life and an operating current consumption of a mere 160nA.The S-5701 B Series is a TMR sensor IC with high sensitivity and low current consumption, offering an innovative solution to traditional reed switch limitations.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2023-2031
• Segment Covered-
o By Reed Sensor Type
o By Reed Sensor Mount Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Honeywell International Inc., Littelfuse, Inc., Standex International Corp., OMRON Corp., and TE Connectivity Ltd.
• Key questions addressed by the report
Global Reed Switches/Sensors Market Report Segment
By Reed Sensor Type
By Reed Sensor Mount Type
By Application
Global Reed Switches/Sensors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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