Global Reed Switch Device Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Reed Switch Device consists of a pair of ferromagnetic reeds, which overlap at their free ends (contact area) at a very small distance and are hermetically sealed in a glass tube. When in the presence of a magnetic field, the reeds become magnetized to opposite polarity, thus attracting each other and closing contact. Like many other great inventions, reed switches were born at Bell Laboratories, invented there in the mid-1930s by Walter B. Elwood. Today, reed switches are still in common uses.
According to our (Global Info Research) latest study, the global Reed Switch Device market size was valued at USD 324.1 million in 2022 and is forecast to a readjusted size of USD 574.4 million by 2029 with a CAGR of 8.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Reed Switch Device key players include OKI, Littelfuse (Hamlin), RMCIP, Standex-Meder, etc. Global top four manufacturers hold a share over 60%.
Japan is the largest market, with a share about 50%, followed by China, and Europe, both have a share over 30 percent. 
In terms of product, Form A is the largest segment, with a share over 60%. And in terms of application, the largest application is Reed Relays, followed by Magnetic Sensors.
This report is a detailed and comprehensive analysis for global Reed Switch Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Reed Switch Device market size and forecasts, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2018-2029
Global Reed Switch Device market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2018-2029
Global Reed Switch Device market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2018-2029
Global Reed Switch Device market shares of main players, shipments in revenue ($ Million), sales quantity (M Unit), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Reed Switch Device
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Reed Switch Device market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include OKI, Littelfuse (Hamlin), RMCIP, Standex-Meder and Nippon Aleph, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Reed Switch Device market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Form A
    Form B
    Form C
    Other
Market segment by Application
    Reed Relays
    Magnetic Sensors
    Other
Major players covered
    OKI
    Littelfuse (Hamlin)
    RMCIP
    Standex-Meder
    Nippon Aleph
    HSI Sensing
    Coto
    PIT-RADWAR
    PIC
    STG
    Harbin Electric Group
    Zhejiang Xurui
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Reed Switch Device product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Reed Switch Device, with price, sales, revenue and global market share of Reed Switch Device from 2018 to 2023.
Chapter 3, the Reed Switch Device competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Reed Switch Device breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Reed Switch Device market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Reed Switch Device.
Chapter 14 and 15, to describe Reed Switch Device sales channel, distributors, customers, research findings and conclusion.