Global Reed Switch Devices Market Size, Share & Trends Analysis Report, 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) and By Region, And Segment Forecasts, Till – 2030

Market Overview

According to Intellistic Research, the global Reed Switch Devices market estimated at USD 24.0 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 3.25% from 2023 to 2030. Key players in the Reed Switch Devices market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Reed Switch Devices market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.

Reed Switch Devices MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS

Reed Switch Devices Is Significantly Influenced By the Automotive Industry Drives the Market

The market for reed switch devices is significantly influenced by the automotive industry. Tire pressure monitoring systems, automated transmissions, and speed sensors are a few of the devices that use reed switches. This switch's demand is fueled by the world's expanding automobile production. Reed switches are used for position sensing, limit switches, and condition monitoring in the adoption of industrial automation and the Internet of Things (IoT) in manufacturing and industrial environments. The need for these switches is growing due to the drive towards smarter and more automated workplaces and facilities.

Competition from more adaptable sensor technologies casts doubt will restraint the market growth

Competition from more adaptable sensor technologies casts doubt on the future of reed switches. Superior characteristics such as reduced power requirements, small size, and contactless operation are exhibited by Hall-effect, capacitive, and solid-state sensors. These benefits pose a challenge to the dominance of reed switches in particular applications, which could cause a market contraction if the technology doesn't change or find new uses.

How are Segments Performing in the Global Reed Switch Devices Market?

Reed Switch Devices Material Product Type Segment Breakdown

According to Intellistic Research, the Reed Switch Devices market by Product type is segmented into Normally Open (A-Type), Normally Closed (B-Type) & Changeover (C-Type).

Reed Switch Devices Application Type Segment Breakdown

According to Intellistic Research, based on Application type, the market is bifurcated into Reed Relays & Magnetic Sensors.

Reed Switch Devices Distribution Type Segment Breakdown

According to Intellistic Research, based on Distribution Type the market is segmented into Direct Sales & Distributor.

Reed Switch Devices Geographic Exploration

According to Intellistic Research, the Asia-Pacific region is predicted to dominate the market. Other regions competing in the market are North America, Europe, Middle East and Africa and Latin America respectively.

COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: Reed Switch Devices

The competitive landscape of the market is partially fragmented. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share.

• In August 17, 2023, Littelfuse, Inc., an industrial technology manufacturing firm has announced the launching of two new products: the 59155 and 59156, the world's smallest subminiature flange mount reed devices. The devices' architecture allows for compact size, contactless activation, and customization, making them appropriate for a wide range of tight-spacing applications across several industries.

Noticeable Players Functioning in The Global Reed Switch Devices Market Include:

• Auto Parts Warehouse

• RMCIP

• Standex Electronics, Inc.

• Nippon Aleph

• Master Builders Solutions (Germany)

• HSI Sensing, Inc.

• Coto Distribution Channel USA

• PIT-RADWAR S.A

• PIC GmbH

• STG Germany GmbH

• Harbin Electric Group

• Zhejiang Xurui

• Zippy Distribution Channel Corp

• Honeywell International Inc

• Molex Incorporated

• Littelfuse (Hamlin)

• OKI

• Thomas White (Leicester) Limited

• Comus International

• Omron Corporation

• SparkFun Electronics Corporation

KEY BREAKDOWN: Reed Switch Devices Market

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

Geographical Exploration:

• North America

o The USA

o Canada

o Mexico

• Europe

o Germany

o France

o UK

o Italy

o Spain

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o South East Asia

o Rest of Asia Pacific

• Latin America

o Brazil

o Argentina

o Rest of Latin America

• Middle East and Africa

o GCC Countries

o South Africa

o Rest of MEA

 

 

1. Research Methodology

1.1. Global Reed Switch Devices Market Snapshot, 2023 and 2030

1.2. Data Mining

1.3. Validation

1.4. Primary Interviews

1.5. List of Data Sources

1.6. Future Market Projections

1.7. Industry Developments and Key Market Events

2. Executive Summary

3. Market Overview

3.1. Market Scope and Definition

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunity

3.2.4. Challenges

3.2.5. Cumulative Impact due to Recent Energy Crisis

3.2.6. Cumulative Impact due to Nearing Economic Downturn

3.2.7. Post Covid-19 World Supply & Demand Conditions

3.2.8. Cumulative Impact of Russia-Ukraine Conflict

3.2.9. Key Trends

3.3. Reed Switch Devices Market: Value Chain

3.3.1. List of Raw Material Supplier

3.3.2. List of Manufacturers

3.3.3. List of Data Sources

3.4. Porter Five Force’s Analysis

3.5. Regulatory and Technology Landscape

4. Global Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

4.1. Key Highlights

4.1.1. Market Size and Y-o-Y Growth

4.1.2. Absolute $ Opportunity

4.2. Market Size (US$ Mn) Analysis and Forecast

4.2.1. Current Market Size Forecast, 2023–2030

4.3. Global Reed Switch Devices Market Outlook: Product Type

4.3.1. Introduction / Key Findings

4.3.2. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

4.3.2.1. Normally Open (A-Type)

4.3.2.2. Normally Closed (B-Type)

4.3.2.3. Changeover (C-Type)

4.4. Global Reed Switch Devices Market Outlook: Application

4.4.1. Introduction / Key Findings

4.4.2. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

4.4.2.1. Reed Relays

4.4.2.2. Magnetic Sensors

4.5. Global Reed Switch Devices Market Outlook: Distribution Channel

4.5.1. Introduction / Key Findings

4.5.2. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

4.5.2.1. Direct Sales

4.5.2.2. Distributor

4.6. Global Reed Switch Devices Market Outlook: Industry Vertical

4.6.1. Introduction / Key Findings

4.6.2. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

4.6.2.1. Electronics & Communications

4.6.2.2. Automotive, Security

4.6.2.3. Robotics & Automation

4.6.2.4. Marine & Weather

4.6.2.5. Internet of Things (IoT)

4.6.2.6. Others

5. Global Reed Switch Devices Market Outlook: Region

5.1. Key Highlights

5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030

5.2.1. North America

5.2.2. Europe

5.2.3. Asia Pacific

5.2.4. Latin America

5.2.5. Middle East & Africa (MEA)

6. North America Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

6.1. Key Highlights

6.2. Pricing Analysis

6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022

6.3.1. By Country

6.3.2. By Product Type

6.3.3. By Application

6.3.4. By Distribution Channel

6.3.5. By Industry Vertical

6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

6.4.1. U.S.

6.4.2. Canada

6.4.3. Mexico

6.5. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

6.5.1.1. Normally Open (A-Type)

6.5.1.2. Normally Closed (B-Type)

6.5.1.3. Changeover (C-Type)

6.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

6.6.1.1. Reed Relays

6.6.1.2. Magnetic Sensors

6.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

6.7.1.1. Direct Sales

6.7.1.2. Distributor

6.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

6.8.1.1. Electronics & Communications

6.8.1.2. Automotive, Security

6.8.1.3. Robotics & Automation

6.8.1.4. Marine & Weather

6.8.1.5. Internet of Things (IoT)

6.8.1.6. Others

7. Europe Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

7.1. Key Highlights

7.2. Pricing Analysis

7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

7.3.1. By Country

7.3.2. By Product Type

7.3.3. By Application

7.3.4. By Distribution Channel

7.3.5. By Industry Vertical

7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

7.4.1. Germany

7.4.2. France

7.4.3. U.K.

7.4.4. Russia

7.4.5. Italy

7.4.6. Spain

7.4.7. Rest of Europe

7.5. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

7.5.1.1. Normally Open (A-Type)

7.5.1.2. Normally Closed (B-Type)

7.5.1.3. Changeover (C-Type)

7.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

7.6.1.1. Reed Relays

7.6.1.2. Magnetic Sensors

7.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

7.7.1.1. Direct Sales

7.7.1.2. Distributor

7.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

7.8.1.1. Electronics & Communications

7.8.1.2. Automotive, Security

7.8.1.3. Robotics & Automation

7.8.1.4. Marine & Weather

7.8.1.5. Internet of Things (IoT)

7.8.1.6. Others

8. Asia Pacific Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

8.1. Key Highlights

8.2. Pricing Analysis

8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

8.3.1. By Country

8.3.2. By Product Type

8.3.3. By Application

8.3.4. By Distribution Channel

8.3.5. By Industry Vertical

8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

8.4.1. China

8.4.2. Japan

8.4.3. India

8.4.4. South Korea

8.4.5. Australia

8.4.6. New Zealand

8.4.7. Singapore

8.4.8. Malaysia

8.4.9. Rest of Asia

8.5. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

8.5.1.1. Normally Open (A-Type)

8.5.1.2. Normally Closed (B-Type)

8.5.1.3. Changeover (C-Type)

8.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

8.6.1.1. Reed Relays

8.6.1.2. Magnetic Sensors

8.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

8.7.1.1. Direct Sales

8.7.1.2. Distributor

8.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

8.8.1.1. Electronics & Communications

8.8.1.2. Automotive, Security

8.8.1.3. Robotics & Automation

8.8.1.4. Marine & Weather

8.8.1.5. Internet of Things (IoT)

8.8.1.6. Others

9. Latin America Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

9.1. Key Highlights

9.2. Pricing Analysis

9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

9.3.1. By Country

9.3.2. By Product Type

9.3.3. By Application

9.3.4. By Distribution Channel

9.3.5. By Industry Vertical

9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

9.4.1. Brazil

9.4.2. Argentina

9.4.3. Colombia

9.4.4. Peru

9.4.5. Chile

9.4.6. Venezuela

9.4.7. Rest of Latin America

9.5. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

9.5.1.1. Normally Open (A-Type)

9.5.1.2. Normally Closed (B-Type)

9.5.1.3. Changeover (C-Type)

9.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

9.6.1.1. Reed Relays

9.6.1.2. Magnetic Sensors

9.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

9.7.1.1. Direct Sales

9.7.1.2. Distributor

9.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

9.8.1.1. Electronics & Communications

9.8.1.2. Automotive, Security

9.8.1.3. Robotics & Automation

9.8.1.4. Marine & Weather

9.8.1.5. Internet of Things (IoT)

9.8.1.6. Others

10. Middle East & Africa Reed Switch Devices Market Outlook: Forecast (2023 – 2030)

10.1. Key Highlights

10.2. Pricing Analysis

10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030

10.3.1. By Country

10.3.2. By Product Type

10.3.3. By Application

10.3.4. By Distribution Channel

10.3.5. By Industry Vertical

10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

10.4.1. Saudi Arabia

10.4.2. UAE

10.4.3. Egypt

10.4.4. Kuwait

10.4.5. South Africa

10.4.6. Rest of Middle East & Africa

10.5. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030

10.5.1.1. Normally Open (A-Type)

10.5.1.2. Normally Closed (B-Type)

10.6. Changeover (C-Type)Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

10.6.1.1. Reed Relays

10.6.1.2. Magnetic Sensors

10.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

10.7.1.1. Direct Sales

10.7.1.2. Distributor

10.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

10.8.1.1. Electronics & Communications

10.8.1.2. Automotive, Security

10.8.1.3. Robotics & Automation

10.8.1.4. Marine & Weather

10.8.1.5. Internet of Things (IoT)

10.8.1.6. Others

11. Competition Analysis

11.1. Market Share Analysis Of Top Vendors

11.2. Market Structure

11.2.1. Competition Intensity Mapping By Market

11.2.2. Competition Dashboard

11.2.3. Key Development Strategies

11.3. Company Profiles

11.3.1. Standex Electronics, Inc.

11.3.1.1. Overview

11.3.1.2. Offerings

11.3.1.3. Business Segment & Geographic Overview

11.3.1.4. Key Financials

11.3.1.5. Key Market Developments

11.3.1.6. Key Market Strategy

11.3.2. Auto Parts Warehouse

11.3.3. RMCIP

11.3.4. Nippon Aleph

11.3.5. Master Builders Solutions (Germany)

11.3.6. HSI Sensing, Inc.

11.3.7. Coto Distribution Channel USA

11.3.8. PIT-RADWAR S.A

11.3.9. PIC GmbH

11.3.10. STG Germany GmbH

11.3.11. Harbin Electric Group

11.3.12. Zhejiang Xurui

11.3.13. Zippy Distribution Channel Corp

11.3.14. Honeywell International Inc

11.3.15. Molex Incorporated

11.3.16. Littelfuse (Hamlin)

11.3.17. OKI

11.3.18. Thomas White (Leicester) Limited

11.3.19. Comus International

11.3.20. Omron Corporation

11.3.21. SparkFun Electronics Corporation