Reed Switch Market Size, Share, Opportunities, And Trends By Type (Waterproof Reed Switch, Electric Reed Switch, Magnetic Reed Switch, Others), By Application (Security Alarms, Measurement Devices, Speedometer, Consumer Electronics, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : May 2023
  • Report Code : KSI061615294
  • Pages : 140

A reed switch is an electronic switch that consists of two ferromagnetic reeds that are hermetically sealed inside a glass tube, when a magnetic field is applied to the switch, the reeds are drawn together, and their electrical contacts touch, closing the circuit. Different types of reed switches include waterproof reed switches, electric reed switches, and magnetic reed switches among others. Reed switch is used in a variety of applications, including security systems, measurement devices, speedometers, and consumer electronics, and with the increasing demand for reliable, low-power, and cost-effective switching solutions in a wide range of applications is driving the demand for reed switch, thereby stimulating the market growth.

Growing automotive production will boost the growth of the reed switch market.

In the automotive industry, speedometers are a key component as they provide drivers with real-time information about the speed at which they are traveling. Reed switch plays an important role in the operation of speedometers, as it is used to detect the position of a magnet attached to the vehicle's transmission shaft. Reed switch is ideal for use in speedometers as it is highly sensitive and can detect even very small changes in magnetic fields. The growing automotive production will boost the usage of speedometers thereby simultaneously increasing the demand for reed switches in such applications. According to the Society of Indian Automobile Manufacturers (SIAM), the production of passenger cars increased by 25.41% from 2021 to 2022. According to European Automobile Manufacturers Association (ACEA), in 2021, 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. This demonstrates that reed switches hold a great demand in the future.

The increase in the adoption of security systems will boost the growth of the reed switch market.

Security systems, such as intrusion detection systems, access control systems, and surveillance systems, are being adopted by residential, commercial, and industrial customers to enhance safety and security. Reed switch is an important component of security systems for detecting the opening or closing of doors and windows, controlling access to restricted areas, and triggering surveillance cameras. It provides reliable and efficient solutions for security system applications, making them a preferred choice for security system manufacturers. The growing adoption of security systems for safety purposes is boosting the demand for reed switches. According to the U.S. Bureau of Labour Statistics report in 2021, surveillance camera installations grew from 70 million in 2018 to about 85 million cameras in the United States by 2021, an increase of about 21 percent.

During the forecast period, the Asia Pacific is expected to hold a significant market share

The Asia Pacific region is expected to dominate the market due to the presence of several leading manufacturers of reed switches in countries like China, Japan, and South Korea, the growing automotive industry, and the rising usage of security systems. In August 2021, the "Vehicle Scrappage Policy", introduced by Prime Minister Narendra Modi, aims to gradually phase out old, environmentally hazardous vehicles, and this increases the production and sales of new automobiles. In June 2020, the Chinese government enacted the National Security Law to safeguard the country's national security, and this policy has provided a significant boost to the security systems industry in China, particularly in the areas of surveillance and monitoring. Such growing developments will accelerate the demand for reed switches thereby propelling the regional market growth.

Company Products

  • KOFU Reed Switch ORD611: Such reed switches by Standex Electronics Inc. are miniature reed switch with rated power of 10 W, switching voltage of 200 VDC, and switching current of 0.3 Amp DC, and can be used in applications like automotive, household appliances, control equipment, telecommunications, instrumentation.
  • 59045 Series - Miniature PCB Mount Overmolded Reed Switch: The product by Littlefuse Inc. Company is available with customer-defined sensitivity, and is capable of switching up to 200Vdc at 10W, which is well suited for position and limit sensing, security, door, and window alarm systems.
  • HSR-502R: This reed switch provided by HSI Sensing is the world's smallest Form C reed switch which is lead-free and RoHS compliant, and can be used in extended operations in extreme environments.

Segmentation

  • By Type
    • Waterproof Reed Switch
    • Electric Reed Switch
    • Magnetic Reed Switch
    • Others
  • By Application
    • Security Alarms
    • Measurement Devices
    • Speedometer
    • Consumer Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Other

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. REED SWITCH MARKET, BY TYPE

5.1. Introduction

5.2. Waterproof Reed Switch

5.3. Electric Reed Switch

5.4. Magnetic Reed Switch

5.5. Others

6. REED SWITCH MARKET, BY APPLICATIONS

6.1. Introduction

6.2. Security Alarms

6.3. Measurement Devices

6.4. Speedometer

6.5. Consumer Electronics

6.6. Others

7. REED SWITCH MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. The Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Celdec Relais 

9.2. HSI Sensing

9.3. Littlefuse Inc.

9.4. Magnelink Inc.

9.5. Reed Switch Developments Corp.

9.6. Standex Electronics Inc.

9.7. TE Connectivity


Celdec Relais

HSI Sensing

Littlefuse Inc.

Magnelink Inc.

Reed Switch Developments Corp.

Standex Electronics Inc.

TE Connectivity