Market Trends of Reed Sensor Industry
This section covers the major market trends shaping the Reed Sensor Market according to our research experts:
Automotive Holds the Significant Share in The Market
- With a rise in the number of light commercial vehicles and increasing accidents at the global level, the demand for safety features is increasing, especially in the mid-level vehicles. With an aim to turn down the number of accidents and enhance consumer’s safety, many nations across the world have introduced safety norms in the automotive industry.
- Reed sensors have been used as a functional passive safety system to alert the driver. Reed sensors for early brake sensing is one of the major and standard usages of automotive reed sensors as mechanisms to alert drivers about possible collision or accident, during the application of brakes.
- Vehicles today, are fabricated with multiple airbags for the driver & passenger side and the sides of the window, to secure the passenger and drivers knees and even some time to pedestrians. During the unfortunate circumstance of a collision, the crash sensor activates the airbags but this needs to be done only where the driver and passengers are seated, and not everywhere. This is possible with reed switch-based sensors that can detect where passengers are being seated.
- The sensor also prevents the unknown fire hazard from the engine. Thermal reed sensors mounted on the engine block to sense high temperatures gives an indication on the instrument panel. These sensors are capable of switching loads as high as 60W when used inside a radiator and can directly be wired to the radiator fan. When the temperature reaches a high, the fan is turned on and when it gets 10°C less, the thermal reed sensor cuts off supply to the fan.
- Due to its various applications in automobiles such as in light commercial vehicles which helps in preventing hazardous accidents, the demand for reed sensors will grow further with increasing production of vehicles.
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Asia-Pacific Account for Significant Market Growth
- Asia-Pacific is attributed to the established electronics and automotive industries in Taiwan and China respectively. Shanghai and Beijing are the major regions for the manufacturing of automobiles, communication equipment, and electronics in China, augmenting the market growth for reed sensors.
- In South Korea, the growing market for smart home devices is further contributing to industry growth. The two companies already deployed this new smart home system at some 2,000 apartment units at Hill state apartment clusters in Mok-dong of Seoul as well as Pyeongtaek and Songdam in Gyeonggi Province. High demand for remote home monitoring systems is creating opportunities for the market as many manufacturers are expanding their smart home product portfolios in this country.
- The regional government of India is a major factor in the development of the regional robotics. For instance, India plans to invest in military robotics, and by 2023, the country is preparing to deploy advanced robotic soldiers. Also, a New Delhi-based company is building robots for the Indian Army. As reed sensors are used for various applications such as robotic arm movement (pick and place), visual indication (alarm), etc, by which the demand for reed sensors will increase in the future.
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