Reed Sensor Market by Type, Contact Position, Application, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
Aug. 29, 2018
DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The "Reed Sensor Market by Type, Contact Position (Form A, Form B, Form C), Application (Automotive & Transportation, Consumer Electronics & Appliances, Robotics & Automation, Safety & Security), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The reed sensor market is expected to grow from USD 1.61 billion in 2018 to USD 2.30 billion by 2023, at a CAGR of 7.40% during the forecast period.
The growth of this market is mainly driven by factors such as use of reed sensors in the automotive industry; application of reed sensors in home appliances, HVAC, and smart meters; and benefit of low operating power and capable of working in harsh environments. Use of reed sensors in emerging technologies such as the development of electric vehicles and growth of security systems provide major opportunities for the growth of the reed sensor market. However, the size of reed sensors poses restraint for the growth of the market.
The automotive and transportation application accounts for the largest share of the reed sensor market. The reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, E-cars, and E-bikes. The reed sensors can be deployed for measurement of brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others. The increase in safety features and other functionalities in vehicles is increasing the demand for reed sensors in the automotive and transportation application.
The major players profiled in this report are as follows:Standex-Meder Electronics (US) Littelfuse (US) HSI Sensing (US) RMCIP (Russia) PIC GmbH (Germany) Coto Technology (US) Pickering Electronics (UK) Aleph America (US) STG Germany GmbH (Germany) Zhejiang Xurui Electronic (China)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Reed Sensor Market, By Contact Position
7 Reed Sensor Market, By Type
8 Reed Sensor Market, By Application
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/dp79gm/reed_sensor?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005413/en/
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Related Topics:Capacitive Sensors
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 08/29/2018 08:55 AM/DISC: 08/29/2018 08:55 AM