Reed switches are unique devices with hermetically sealed technology and are designed to be used in almost any environmental condition. Due to their simple and unique structure, reed switches are used in several applications including test and measurement equipment, medical electronics, telecom, automotive, security, appliances, general purpose, and others. The overall reed switches market is highly driven by the superior operational benefits offered by these switches as compared to conventional mechanical switches. Some of the major benefits offered by reed switches include:
- Ability to switch up to 10,000 volts
- Ability to switch currents up to 5 Amps
- Ability to switch as low as 10 nano volts without signal loss
- Ability to offer a latching feature
- No switching noise
- No power consumption when in the off state
Persistent growth in the automotive and transportation sectors is the major factor driving the reed switches market. Reed switches play important role in several vital processes including readouts on the dashboard, brakes, coolant measurement, windshield, emission, tire pressure, and others.
Due to such important applications, it is widely used in automobiles, recreational vehicles, heavy-duty trucks, airplanes, boats, trains, electric vehicles, and several others. The growing household appliances and consumer electronics market is another vital factor responsible for the reed switches market growth. Reed switches are used in several home appliances and electronics such as HVAC & plumbing, security (door sensors, window sensors, control panels, and others), fitness equipment, ignition assemblies, garage door openers, and several others. Reed switches have greatly contributed to the development of telecommunications technology. Reed switches are capable of switching low-power signals, which is crucial for various applications within the telecommunication sector.
With consistently growing competition in the market, numerous manufacturers are focusing on research & development to service wide application areas.
For instance, in 2017, Madison Company, Inc. developed an advanced reed switch-based technology that offers very tight tolerances, ultra-high resolution, and consistent repeatable measurements in fluid-level sensor designs. With advancements in technology and wide application area, the reed switches market is set to witness an upswing in the coming years.
Asia Pacific held a dominant position in global reed switch market in 2021
Asia Pacific held a dominant position in the global reed switches market in 2021, accounting for 36.5% share in terms of value, followed by North America, Europe, Latin America, and MEA, respectively.
Key players identified in the reed switch market include but are not limited to: Oki Electric Industry Co., Ltd., Univer Manufacturing Co. Ltd, GE-Ding Information, Inc., Littelfuse, Inc., RMCIP, Standex-Meder Electronics, Inc., Madison Company, Inc., Nippon Aleph Corporation, HSI Sensing, Inc., Coto Technology, Inc., PIT-RADWAR S.A., PIC GmbH, STG, Inc., Harbin Electric Corporation, Zhejiang Xurui Electronic Co., Ltd., Pickering Electronics Ltd., Zippy Technology Corp., Honeywell International Inc., Molex Incorporated and Others.
Historical & Forecast Period
This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends, and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. A key data point that enables the estimation of Reed Switches market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price, and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Reed Switches market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approaches for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Form A
- Form B
- Form C
Application
- Automotive & Transportation
- Security & Safety
- Medical
- Commercial
- Telecommunications
- Others (Agriculture, Construction, Forestry, Renewable Energy etc.)
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Reed Switches market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Reed Switches market?
- Which is the largest regional market for Reed Switches market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Reed Switches market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Reed Switches market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Reed Switches Market
2.2. Global Reed Switches Market, By Product, 2022 (US$ Million)
2.3. Global Reed Switches Market, By Application, 2022 (US$ Million)
2.4. Global Reed Switches Market, By Geography, 2022 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2022
3. Reed Switches Market: Competitive Analysis
3.1. Market Positioning of Key Reed Switches Market Vendors
3.2. Strategies Adopted by Reed Switches Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Reed Switches Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Reed Switches Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Reed Switches Market: By Product, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Form A
5.3.2. Form B
5.3.3. Form C
6. Reed Switches Market: By Application, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Automotive & Transportation
6.3.2. Security & Safety
6.3.3. Medical
6.3.4. Commercial
6.3.5. Telecommunications
6.3.6. Others (Agriculture, Construction, Forestry, Renewable Energy etc.)
7. North America Reed Switches Market, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Reed Switches Market: By Product, 2021-2031, USD (Million)
7.3. Reed Switches Market: By Application, 2021-2031, USD (Million)
7.4.Reed Switches Market: By Region, 2021-2031, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
7.4.1.1.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
7.4.1.2.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
7.4.1.3.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8. UK and European Union Reed Switches Market, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.3. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.Reed Switches Market: By Region, 2021-2031, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.1.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.2.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.3.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.4.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.1.5. France
8.4.1.5.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.5.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
8.4.1.6.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9. Asia Pacific Reed Switches Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.3. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.Reed Switches Market: By Region, 2021-2031, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.1.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.2.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.1.3. India
9.4.1.3.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.3.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.4.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.5.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
9.4.1.6.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
10. Latin America Reed Switches Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Reed Switches Market: By Product, 2021-2031, USD (Million)
10.3. Reed Switches Market: By Application, 2021-2031, USD (Million)
10.4.Reed Switches Market: By Region, 2021-2031, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
10.4.1.1.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
10.4.1.2.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
10.4.1.3.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
11. Middle East and Africa Reed Switches Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. Reed Switches Market: By Product, 2021-2031, USD (Million)
11.3. Reed Switches Market: By Application, 2021-2031, USD (Million)
11.4.Reed Switches Market: By Region, 2021-2031, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
11.4.1.1.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
11.4.1.2.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Reed Switches Market: By Product, 2021-2031, USD (Million)
11.4.1.3.1. Reed Switches Market: By Application, 2021-2031, USD (Million)
12. Company Profiles
12.1. Standex-Meder Electronics, Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP)
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. OKI Group
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Littelfuse, Inc.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Nippon Aleph Corporation
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. HSI Sensing
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Coto Technology
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. STG Germany GmbH
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. SMC Corporation of America
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. PIC GmbH
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Harbin Electric Group
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Thomas White (Leicester) Limited
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Comus International
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Omron Corporation
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. SparkFun Electronics Corporation
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
12.16. Others
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Portfolio
12.16.4. Strategic Initiatives
List of Figures
FIG. 1 Global Reed Switches Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Reed Switches Market: Quality Assurance
FIG. 5 Global Reed Switches Market, By Product, 2022
FIG. 6 Global Reed Switches Market, By Application, 2022
FIG. 7 Global Reed Switches Market, By Geography, 2022
FIG. 8 Market Geographical Opportunity Matrix - Global Reed Switches Market, 2022
FIG. 9 Market Positioning of Key Reed Switches Market Players, 2022
FIG. 10 Global Reed Switches Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
FIG. 11 Global Reed Switches Market, By Product, 2022 Vs 2031, %
FIG. 12 Global Reed Switches Market, By Application, 2022 Vs 2031, %
FIG. 13 U.S. Reed Switches Market (US$ Million), 2021 - 2031
FIG. 14 Canada Reed Switches Market (US$ Million), 2021 - 2031
FIG. 15 Rest of North America Reed Switches Market (US$ Million), 2021 - 2031
FIG. 16 UK Reed Switches Market (US$ Million), 2021 - 2031
FIG. 17 Germany Reed Switches Market (US$ Million), 2021 - 2031
FIG. 18 Spain Reed Switches Market (US$ Million), 2021 - 2031
FIG. 19 Italy Reed Switches Market (US$ Million), 2021 - 2031
FIG. 20 France Reed Switches Market (US$ Million), 2021 - 2031
FIG. 21 Rest of Europe Reed Switches Market (US$ Million), 2021 - 2031
FIG. 22 China Reed Switches Market (US$ Million), 2021 - 2031
FIG. 23 Japan Reed Switches Market (US$ Million), 2021 - 2031
FIG. 24 India Reed Switches Market (US$ Million), 2021 - 2031
FIG. 25 Australia Reed Switches Market (US$ Million), 2021 - 2031
FIG. 26 South Korea Reed Switches Market (US$ Million), 2021 - 2031
FIG. 27 Rest of Asia Reed Switches Market (US$ Million), 2021 - 2031
FIG. 28 Brazil Reed Switches Market (US$ Million), 2021 - 2031
FIG. 29 Mexico Reed Switches Market (US$ Million), 2021 - 2031
FIG. 30 Rest of Latin America Reed Switches Market (US$ Million), 2021 - 2031
FIG. 31 GCC Reed Switches Market (US$ Million), 2021 - 2031
FIG. 32 Africa Reed Switches Market (US$ Million), 2021 - 2031
FIG. 33 Rest of Middle East and Africa Reed Switches Market (US$ Million), 2021 - 2031
List of Tables
TABLE 1 Global Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 2 Global Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 3 North America Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 4 North America Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 5 U.S. Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 6 U.S. Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 7 Canada Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 8 Canada Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 9 Rest of North America Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 10 Rest of North America Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 11 UK and European Union Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 12 UK and European Union Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 13 UK Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 14 UK Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 15 Germany Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 16 Germany Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 17 Spain Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 18 Spain Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 19 Italy Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 20 Italy Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 21 France Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 22 France Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 23 Rest of Europe Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 24 Rest of Europe Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 25 Asia Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 26 Asia Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 27 China Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 28 China Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 29 Japan Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 30 Japan Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 31 India Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 32 India Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 33 Australia Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 34 Australia Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 35 South Korea Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 36 South Korea Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 37 Latin America Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 38 Latin America Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 39 Brazil Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 40 Brazil Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 41 Mexico Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 42 Mexico Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 43 Rest of Latin America Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 44 Rest of Latin America Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 45 Middle East and Africa Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 46 Middle East and Africa Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 47 GCC Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 48 GCC Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 49 Africa Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 50 Africa Reed Switches Market By Application, 2021-2031, USD (Million)
TABLE 51 Rest of Middle East and Africa Reed Switches Market By Product, 2021-2031, USD (Million)
TABLE 52 Rest of Middle East and Africa Reed Switches Market By Application, 2021-2031, USD (Million)
Companies Mentioned
- Standex-Meder Electronics Inc.
- Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP)
- OKI Group
- LittelfuseInc.
- Nippon Aleph Corporation
- HSI Sensing
- Coto Technology
- STG Germany GmbH
- SMC Corporation of America
- PIC GmbH
- Harbin Electric Group
- Thomas White (Leicester) Limited
- Comus International
- Omron Corporation
- SparkFun Electronics Corporation
