Reed Switch Device Global Market Report 2024

The reed switch device market size has grown strongly in recent years. It will grow from $19.4 billion in 2023 to $20.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historical period can be ascribed to the escalating utilization of reed switches across industrial domains, their increased incorporation into consumer electronics, wider application in transportation systems, augmented utilization in aerospace and defense sectors, and expanded usage in HVAC systems.

The reed switch device market size is expected to see strong growth in the next few years. It will grow to $26.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. This projected growth in the forecast period can be attributed to several factors, including the burgeoning automotive industry, rising demand for reed switches in security systems and alarms, the growing adoption of reed switches in robotics and automation, the expanding electronics and communications sector, and the increasing demand for reed switches in medical devices. Significant trends expected in the forecast period encompass the integration of advanced sensors to enhance efficiency, the introduction of new products or approval of existing ones, technological advancements such as the utilization of ferromagnetic reeds, ongoing research and innovation, and a surge in investments.

An upsurge in the number of electronic products is poised to drive the growth of the reed switch device market. Electronic products encompass devices with electronic circuits designed for controlling and manipulating electric current, converting it from one form to another, and capable of generating or emitting electromagnetic or sonic radiation. The escalating adoption of new technologies and digital transformation is fueling the proliferation of electronic products. Reed switches, utilized in electronics to open or close circuits in response to a magnetic field, find widespread application in security systems, reed relays, and proximity sensors. For instance, according to the Japan Electronics and Information Technology Industries Association in February 2024, consumer electronic equipment production surged to $201.91 million (¥31,685 million), up from $149.27 million (¥23,425 million) in January 2023. Hence, the increasing production of electronic products is expected to spur high demand for the reed switch device market.

Prominent companies in the reed switch device market are prioritizing the adoption of miniaturized and compact power components, such as subminiature flange-mount reed sensors, to remain competitive and cater to evolving consumer demands. Subminiature flange-mount reed sensors boast high sensitivity and reliability in detecting the presence or absence of a magnetic field. For example, in August 2023, Littelfuse Inc., a US-based electronic manufacturing company, introduced its latest offerings, the 59155 and 59156 series of subminiature flange-mount reed sensors. These sensors, typically featuring open contacts, can switch 120 Vac or 170 Vdc at 10 W. Their compact case design enables mounting with an M2 screw tightened to a maximum torque of 0.1 Nm or via adhesive mounting. These sensors find application in diverse fields, including factory automation, process equipment, security and access control, and primary and small appliances. Their advantages include contactless activation, customizable and space-saving design, high adjustability, and standard cable configurations.

In February 2024, Standex International Corporation, a US-based industrial electronic and electromechanical component manufacturing company, acquired Sanyu Switch Co., Ltd. for an undisclosed sum. This acquisition aims to bolster Standex's global presence in electronic and electromechanical components, particularly in reed switch technology, enhance its product portfolio, and broaden its market reach. Sanyu Switch Co. Ltd. is a Japan-based manufacturer specializing in reed relays, test sockets, and testing systems.

Major companies operating in the reed switch device market are ZF Friedrichshafen AG, Honeywell International Inc., TE Connectivity Ltd., Molex Incorporated, TTI Inc., SMC Corporation, Yaskawa Electric Corporation, RS GROUP, Littelfuse Inc., STG Germany GmbH, Pepperl+Fuchs Inc., Crydom Inc., Comus International, Coto Technology, Hermetic Switch Inc., Elesta GmbH, Hamlin Electronics, Dytran Instruments, Standex Electronics Inc., Euroswitch S.p.A., Reed Relays and Electronics India Ltd., Dongan Electric Manufacturing, Pickering Electronics, Soway Tech Limited, PIC GmbH, Nippon Aleph, Magnelink Inc., Spektrum Fluid Power Pvt Ltd, Filpro Sensors Pvt Ltd., Ryazan Metal Ceramics Instrumentation Plant JSC.

North America was the largest region in the reed switch device market in 2023. The regions covered in the reed switch device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the reed switch device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A reed switch comprises two ferromagnetic blades, or reeds, enclosed in a glass tube. These reeds are positioned with a small gap between them. When an external magnetic field is introduced, the reeds either close to make contact or move apart, interrupting an electrical circuit. This mechanism facilitates the detection of magnetic fields, allowing for the activation or deactivation of electrical circuits without requiring direct mechanical contact.

Reed switch devices come in three main types normally open (A-type), normally closed (B-type), and changeover (C-type). In a normally open (A-type) reed switch, the switch remains open (non-conductive) in its default state when no magnetic field is present. These products are distributed through various channels such as direct sales and distributors. They find application in magnetic sensors, reed relays, reed switches, and reed sensors across diverse industry verticals including electronics, communication, automobiles, security, robotics and automation, marine and weather monitoring, the Internet of Things (IoT), and others.

The reed switch device market research report is one of a series of new reports that provides reed switch device market statistics, including reed switch device industry global market size, regional shares, competitors with a reed switch device market share, detailed reed switch device market segments, market trends, and opportunities, and any further data you may need to thrive in reed switch device industry. This reed switch device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The reed switch devices market consists of sales of reed switch-based proximity sensors, fluid level sensors, and flow sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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