Market Size of Reed Switches Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Reed Switches/Sensors Market Analysis
The automotive reed switches/sensors market is expected to register a CAGR of 5.8%during the forecast period(2020-2025).
- Technological advancements in the sensor and switch technology have resulted in advanced, miniature, and highly reliable reed switches, acting as a driver for the employment of these switches in the automotive industry.
- Changing consumer preferences for safer driving experience have also forced the manufacturers to seek better safety sensors, like pedal angle sensors, ABS, and EBS.
- Reliability and durability are challenges for reed switch users. Reed switches have several inherent disadvantages, including susceptibility to breakage issues during installationand its susceptibility to shock or vibration applications, lower durability, a limited life due to the mechanical nature of the switch, as well as issues due to the contact bounce. When leads on the reed switches are soldered into the circuit, they bend significantly, which can easily crack the glass enclosure of the switch, making the switch unusable. Therefore, reed switch manufacturerscarefully providespecific installation instructions, in order to limit this breakage.
