PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616185
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616185
Magnetic Reed Proximity Sensors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Magnetic Reed Proximity Sensors Market was valued at USD 46.5 billion in 2023 and is projected to grow at a CAGR of 5% from 2024 to 2032. Key growth drivers for the magnetic reed proximity sensors market include technological advancements in sensor integration and miniaturization. These innovations are reshaping sensor technology, boosting performance, and broadening application horizons. Miniaturized, highly integrated sensors are meeting the demands of consumer electronics, where compactness and functionality are paramount. As consumer devices evolve to be more sophisticated and space-constrained, the appetite for advanced magnetic reed proximity sensors, which offer integration and miniaturization benefits, is set to surge.
The overall magnetic reed proximity sensors industry is classified based on type, sensing range, mounting type, technology, end-use, supply voltage, and region. The market is segmented based on sensing range into short range (up to 10 mm), medium range (10 mm to 50 mm), and long range (Above 50 mm). Dominating the market in 2023, the short range (up to 10 mm) segment is projected to exceed USD 40 billion by 2032. Short-range magnetic reed proximity sensors are gaining traction in consumer electronics, thanks to their compactness and reliability. These sensors are being integrated into devices like smartphones, wearables, and smart home gadgets for functions such as screen locking, device activation, and user interaction.
Market segmentation based on mounting type includes surface mount, panel mount, threaded mount, screw mount, flange mount, and others. The panel mount segment is emerging as the fastest growing segment, boasting a CAGR of over 10% from 2024 to 2032. The panel mount segment's growth is fueled by a rising demand for durable magnetic reed proximity sensors. Panel mounts are preferred in scenarios where sensors need secure attachment to panels or enclosures, offering enhanced protection against mechanical stress and environmental challenges. Asia Pacific is witnessing a surge in the magnetic reed proximity sensors market, with projections indicating a reach of over USD 35 billion by 2032. The region's growth is propelled by booming automotive, industrial, and consumer electronics sectors, with nations like China, Japan, and Korea leading the charge.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $46.5 Billion |
| Forecast Value | $100 Billion |
| CAGR | 5% |
Asia Pacific stands out for its commitment to innovation and technological progress. China's magnetic reed proximity sensor market is on an upward trajectory, driven by swift industrialization and a burgeoning electronics sector. As a global manufacturing powerhouse, China's demand for magnetic reed sensors spans diverse applications, from automotive and industrial automation to consumer electronics.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2024 - 2032
- 2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Expansion of industrial automation
- 3.7.1.2 Advancements in automotive safety systems
- 3.7.1.3 Growth in consumer electronics and smart devices
- 3.7.1.4 Technological advancements in sensor integration and miniaturization
- 3.7.1.5 Rising demand in aerospace and defense applications
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Limited detection range and sensitivity
- 3.7.2.2 Susceptibility to environmental interference
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million & Units)
- 5.1 Key trends
- 5.2 Form A (normally open)
- 5.3 Form B (normally closed)
- 5.4 Form C (changeover)
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Sensing Range, 2021 - 2032 (USD Million & Units)
- 6.1 Key trends
- 6.2 Short range (Up to 10 mm)
- 6.3 Medium range (10 mm to 50 mm)
- 6.4 Long range (above 50 mm)
Chapter 7 Market Estimates & Forecast, By Mounting Type, 2021 - 2032 (USD Million & Units)
- 7.1 Key trends
- 7.2 Surface mount
- 7.3 Panel mount
- 7.4 Threaded mount
- 7.5 Screw mount
- 7.6 Flange mount
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Technology, 2021 - 2032 (USD Million & Units)
- 8.1 Key trends
- 8.2 Single reed sensors
- 8.3 Double reed sensors
- 8.4 Multi reed sensors
- 8.5 Custom reed sensors
Chapter 9 Market Estimates & Forecast, By End Use Industry, 2021 - 2032 (USD Million & Units)
- 9.1 Key trends
- 9.2 Automotive
- 9.3 Industrial
- 9.4 Consumer electronics
- 9.5 Healthcare
- 9.6 Aerospace & defense
- 9.7 Marine
- 9.8 Energy & utilities
- 9.9 Others
Chapter 10 Market Estimates & Forecast, By Supply Voltage, 2021 - 2032 (USD Million & Units)
- 10.1 Key trends
- 10.2 Low voltage (below 5V)
- 10.3 Medium voltage (5V to 12V)
- 10.4 High voltage (above 12V)
Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million & Units)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
- 11.6 MEA
- 11.6.1 UAE
- 11.6.2 Saudi Arabia
- 11.6.3 South Africa
- 11.6.4 Rest of MEA
Chapter 12 Company Profiles
- 12.1 Analog Devices, Inc.
- 12.2 Broadcom Inc.
- 12.3 Eaton Corporation plc
- 12.4 General Electric Company (GE)
- 12.5 Honeywell International Inc.
- 12.6 HUIMU Ltd.
- 12.7 Infineon Technologies AG
- 12.8 Keysight Technologies, Inc.
- 12.9 Microchip Technology Inc.
- 12.10 Mitsubishi Electric Corporation
- 12.11 NVIDIA Corporation
- 12.12 NXP Semiconductors N.V.
- 12.13 ON Semiconductor Corporation
- 12.14 Qualcomm Incorporated
- 12.15 Renesas Electronics Corporation
- 12.16 Rohm Semiconductor
- 12.17 Schneider Electric SE
- 12.18 Siemens AG
- 12.19 SMSC (a Microchip Technology company)
- 12.20 STMicroelectronics N.V.
- 12.21 Texas Instruments Inc.
