Global Magnetic Reed Switch Market Report, History and Forecast 2017-2028

Global Magnetic Reed Switch Market Report, History and Forecast 2017-2028

Summary

Market Analysis and Insights: Global Magnetic Reed Switch Market
Due to the COVID-19 pandemic, the global Magnetic Reed Switch market size is estimated to be worth US$ 426.80 million in 2021 and is forecast to a readjusted size of US$ 690.67 million by 2028 with a CAGR of 6.70% during the review period.
The global main manufacturers of Magnetic Reed Switch include Standex Electronics, Nippon Aleph, RMCIP, Littelfuse, Coto Technology, HSI Sensing, PIC, PIT-RADWAR, and Misensor, etc. In 2021, the global five largest players have a share approximately 72.62% in terms of revenue.
The North America Magnetic Reed Switch market is estimated at US$ 69.70 million in 2021, while China is forecast to reach US$ 205.9 million by 2028. The proportion of the China is 26.78% in 2021 and it is predicted that the share will reach19.81% in 2028, trailing a CAGR of 8.21% through the analysis period. As for the Europe Magnetic Reed Switch landscape, Germany is projected to reach US$ 28.18 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 6.66 % and 6.41 % respectively for the next 6-year period.
Form A magnetic reed switch accounting for 77.54% of the Magnetic Reed Switch global market in 2021, is projected to value US$ 538.51 million by 2028, growing at a revised 4.67% CAGR in the post-COVID-19 period. While automotive segment is altered to a 5.68 % CAGR throughout this forecast period and will hold a share about 38.79% in 2028.
Global Magnetic Reed Switch Scope and Market Size
The global Magnetic Reed Switch market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Magnetic Reed Switch market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Standex Electronics
Nippon Aleph
RMCIP
Littelfuse
Coto Technology
HSI Sensing
PIC
PIT-RADWAR
Misensor
STG

Segment by Type
Form A
Form B
Form C

Segment by Application
Automotive
Home Appliance
Office Automation
Industrial Control
Others

By Region
North America
U.S.
Canada

Asia Pacific
China
Japan
South Korea
India
Australia
Southeast Asia

Europe
Germany
France
U.K.
Italy
Russia

Latin America
Mexico
Brazil
Argentina

Middle East & Africa
Turkey
GCC Countries
Egypt
South Africa Show more