The global reed sensor market is projected to grow from $1.55 billion in 2017 to $2.37 billion in 2023 with an average annual growth rate (CAGR) of 7.43% over the forecast period. The increasing use of reed sensors in the automotive industry is one of the key factors driving the growth of the reed sensor market. In addition to the automotive industry, reed sensors have a wide range of applications in consumer electronics, robotics and automation, communications, safety and security. However, vulnerability to breakage during installation is one of the factors that hinder the adoption of reed sensors in the market. The use of reed sensors in electric vehicles is also expected to revitalize this market in the future. However, these manufacturers are struggling to improve the efficiency and reliability of reed sensors. Therefore, most of them are investing in research and development of cost-effective and reliable reed sensors due to increasing demand. Leading players such as Littelfuse Inc., HSI Sensing, RMCIP, Standex-Meder Electronics Inc., PIC GmbH, Coto Technology, Pickering Electronics Ltd, Aleph America Corporation continue to focus on expanding their product portfolio, adopting the following weapons strategies: I’m doing it. Expand your geographic presence and expand your customer base through mergers and partnerships.
A full report of Reed Sensor Market available at: https://www.orionmarketreports.com/reed-sensor-market/26255/
Company Profiles
• Krosaki Harima Corporation (Japan)
• RHI Magnesita GmbH (Austria)
• Morgan Advanced Materials (UK)
• CoorsTek Inc. (US)
• Calderys (France)
• Vesuvius (England)
• Shinagawa Refractories Co. Ltd. (Japan)
• Saint-Gobain (France)
• HarbisonWalker International (US)
• Chosun Refractories Eng. Co. Ltd. (South Korea)
Reed Sensor Market Segmentation
By Type
• Dry-Reed Sensor
• Mercury-Wetted Reed Sensor
By Application
• Automotive
• Transportation
• Consumer Electronics
• Robotics & Automation
• Telecommunications
• Healthcare
• Construction
• Others
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
The report covers the following objectives:
• Proliferation and maturation of trade in the Release Agents Market.
• The market share of the Release Agents Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Release Agents Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Release Agents Market.
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