Reed switch device market
Reed switch device Market, By Product Type (Normally Open (A-Type), Normally Closed (B-Type), and Changeover (C-Type)), By Application (Reed Relays and Magnetic Sensors), By Distribution Channel (Direct Sales and Distributor), By Industry Vertical (Electronics & Communications, Automotive, Security, Robotics & Automation, Marine & Weather, Internet of Things (IoT), and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Dec 2022
- CMI4137
- 130 Pages
- Excel & Pdf
- Semiconductors
A reed switch is made up of two ferromagnetic blades, which is hermetically sealed in the glass tube filled with inert gas such as nitrogen, to reduce blade corrosion. These blades are provided with some physical gap in between and can be closed using suitable magnetic force that is made from permanent magnet. In order to increase the shelf life of blades, it is coated with rhodium or ruthenium. Furthermore, reed switch provides benefits such as simple construction and longer life operations, reed switches are adopted in various industries including electronics & communications, automotive, security, robotics & automation, and others.
The global reed switch device market was valued at US$ 270.1 Mn in 2021 and is expected to exhibit a CAGR of 9.5% during the forecast period (2020-2027).
Recent Developments:
- In February 2021 Littelfuse, Inc., a manufacturer of technologies in circuit protection, power control, and sensing, launched a reed relay product range that supports AC & DC loads up to 300 Vdc, also extends voltage capabilities to encompass AC ratings, and offers input/output isolation voltage of 2500 VRMS.
Reed Switch Device Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 270.1 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9.5% | 2030 Value Projection: | US$ 600.2 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Littelfuse, Inc., RMCIP, Standex Electronics, Inc., Nippon Aleph, HSI Sensing, Inc., Coto Technology USA, PIT-RADWAR S.A., PIC GmbH, STG Germany GmbH, Harbin Electric Group, Zhejiang Xurui, Zippy Technology Corp., Honeywell International Inc., Molex Incorporated |
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Growth Drivers: |
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Restraints & Challenges: |
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Restraint:
- Development of advanced technologies is expected to restrain growth of the global reed switch device market during the forecast period
- Operating imitations of reed switch devices is expected to restrain growth of the global reed switch device market during the forecast period
Reed Switch Device Market - Impact of Coronavirus (Covid-19) Pandemic:
According to Coherent Market Insights’ analysis, the impact of the coronavirus (COVID-19) pandemic on the reed switch device market is moderate. But, Due to the lockdown in countries such as China and India, supply chain is mainly disturbed. As we know Reed switches are largely used in the automation and robotics industry which was completely shut down.Hence, the global reed switch device market witnessed slow growth during the pandemic.
Figure 1: Global Reed Switch Device Market Share (%), By Region, 2021
Asia Pacific held a dominant position in global reed switch device market in 2021
Statistics:
Asia Pacific held dominant position in the global reed switch device market in 2021, accounting for 37.2% share in terms of value, followed by North America, Europe, Latin America, and MEA, respectively
Figure 2: Global Reed Switch Device Market (US$ Mn) Analysis and Forecast, 2017 - 2030
The global reed switch device market was valued at US$ 270.1 Mn in 2021 and is expected to reach US$ 600.2 Mn by 2030, growing at a CAGR of 9.5% between 2022 and 2030.
Major players operating in the global reed switch device market include Littelfuse, Inc., RMCIP, Standex Electronics, Inc., Nippon Aleph, HSI Sensing, Inc., Coto Technology USA, PIT-RADWAR S.A., PIC GmbH, STG Germany GmbH, Harbin Electric Group, Zhejiang Xurui, Zippy Technology Corp., Honeywell International Inc., Molex Incorporated
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
- Market Dynamics
- Global Reed Switch Device Market, By Product Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Normally Open (A-Type)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Normally Closed (B-Type)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Changeover (C-Type)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Reed Switch Device Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Reed Relays
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Magnetic Sensors
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Reed Switch Device Market, By Distribution Channel, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Direct Sales
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Distributor
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Reed Switch Device Market, By Industry Vertical, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Electronics & Communications
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Automotive
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Security
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Robotics & Automation
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Marine & Weather
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Internet of Things (IoT)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Reed Switch Device Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
- Market Size and Forecast, By Industry Vertical, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
- Market Size and Forecast, By Industry Vertical, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
- Market Size and Forecast, By Industry Vertical, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
- Market Size and Forecast, By Industry Vertical, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By Product Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Size and Forecast, By Distribution Channel, 2017–2030 (US$ Million)
- Market Size and Forecast, By Industry Vertical, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Littelfuse, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- RMCIP
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Standex Electronics, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Nippon Aleph
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- HSI Sensing, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Coto Technology USA
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PIT-RADWAR S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PIC GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- STG Germany GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Harbin Electric Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Zhejiang Xurui
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Zippy Distribution Channel Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Molex Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Littelfuse, Inc.
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on “Global Reed Switch Device Market- Global forecast to 2030”.
Detailed Segmentation
- Global Reed Switch Device Market, By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- Global Reed Switch Device Market, By Application:
- Reed Relays
- Magnetic Sensors
- Global Reed Switch Device Market, By Distribution Channel:
- Direct Sales
- Distributor
- Global Reed Switch Device Market, By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- Global Reed Switch Device Market, By Region:
- North America
- By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- By Application:
- Reed Relays
- Magnetic Sensors
- By Distribution Channel:
- Direct Sales
- Distributor
- By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- By Country:
- U.S.
- Canada
- By Product Type:
- Europe
- By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- By Application:
- Reed Relays
- Magnetic Sensors
- By Distribution Channel:
- Direct Sales
- Distributor
- By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- By Product Type:
- Asia Pacific
- By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- By Application:
- Reed Relays
- Magnetic Sensors
- By Distribution Channel:
- Direct Sales
- Distributor
- By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Product Type:
- Latin America
- By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- By Application:
- Reed Relays
- Magnetic Sensors
- By Distribution Channel:
- Direct Sales
- Distributor
- By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- Middle East and Africa
- By Product Type:
- Normally Open (A-Type)
- Normally Closed (B-Type)
- Changeover (C-Type)
- By Application:
- Reed Relays
- Magnetic Sensors
- By Distribution Channel:
- Direct Sales
- Distributor
- By Industry Vertical:
- Electronics & Communications
- Automotive
- Security
- Robotics & Automation
- Marine & Weather
- Internet of Things (IoT)
- Others
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By Product Type:
- North America