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Global reed sensors market is expected to grow with a substantial CAGR of 7.5% in the forecast period of 2019-2026.
Reed sensors are used in the reed switches for their switching mechanisms. The working voltage of these sensors is 3.3V-5V. It has adopted LM393 comparator with wide voltage with a power of LED indicator. The reed sensors should be connected to Arduino Uno in three ways: Vcc to 5V, Gnd to Gnd and D0 to digital pin 13. The reed sensors program gets active when a led is attached to digital pin 12 externally which perform as a pointer whenever the reed sensors feels the magnetic field. After it gets the connections, upload the program given below to the Uno board, after that the magnet gets placed near and far to the reed sensors the led will automatically turn off and on respectively.
Reed Sensor Market Segmentations:
- On the basis of sensing type, the market is segmented into high voltage reed sensor, high temperature reed sensor and metal detection reed sensor
- In January 2019, Standex International Corporation strengthens magnetics capabilities with acquisition of high-reliability magnetics provider Agile Magnetics. Through this acquisition the company will expand its product portfolio in the market.
- On the basis of mount type, the market is segmented into surface mount reed sensor, thread mount reed sensor and panel mount reed sensor.
- In May 2019, Airtac International Group attended a semicon expo of southeast Asian nations which was held in Kuala Lumpur on 5-7 May. In the exhibition the company made a deep understanding and communication with the southeast machine makers. It will help the company to innovate new products.
- On the basis of contact position, the market is segmented into form A, form B and form C.
- In January 2018, Littelfuse, Inc. acquired IXYS Corporation which is engaged on medium- to high-voltage power semiconductors across the consumer, communications, industrial and medical device markets. It will increase the company’s portfolio and will help them to increase their customer base.
- On the basis of industry vertical, the market is segmented into automotive, electronic, IT & telecommunication, healthcare, robotics & automation, aerospace, construction, safety & security and others.
- In February 2017, Standex International Corporation acquired OKI Sensor Device Corporation. Through this acquisition, the company will expand its electronics in Asia region in the market.
Reed Sensor Market Regions:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
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Leading Key Players Operating in the Reed Sensor Market Includes:
Some of the major players operating in global reed sensors market are Standex International Corporation, KEMET, ZF Friedrichshafen AG, Littelfuse, Inc, Airtac International Group, Aleph America Corporation, BERNSTEIN AG, COTO TECHNOLOGY, HNC Group, HSI SENSING, GEMÜ Group, ifm electronic gmbh, Madison Company, Inc, MULTICE GROUP, NTE Electronics, Inc., PIC GmbH, Reed Switch Developments Corp., Soway Tech Limited, Switch Technology Günther, Vernexx, among others.
Competition for the Reed Sensor industry definitely has grown, with supply and demand in the last decade becoming increasingly trendy. This study presents a thorough analysis of the many scales, relative sizes, products offered, and market positions of various small, medium, and micro companies in the pre-and following-pandemic sector. The study also gives an overview of the strategy of competitors for business and corporate offices and functions. The study also discusses activities, infrastructure for technology, marketing strategy, and financial capacities. The report therefore offers owners and stakeholders a comprehensive picture of the market.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Reed Sensor market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The Reed Sensor market section of the report gives context. It compares the Reed Sensor market with other segments of the machinery market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, Reed Sensor indicators comparison.
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