REED SWITCH DEVICE MARKET ANALYSIS

Reed switch device Market, By Product Type (Normally Open (A-Type), Normally Closed (B-Type), and Changeover (C-Type)), By Application (Reed Relays and Magnetic Sensors), By Distribution Channel (Direct Sales and Distributor), By Industry Vertical (Electronics & Communications, Automotive, Security, Robotics & Automation, Marine & Weather, Internet of Things (IoT), and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022
Code : CMI4137
Pages :130
Formats :
Excel and PDF
Industry : Semiconductors

Reed Switch Device MarketSize and Trends

The global reed switch device market was valued at US$ 270.1 Mn in 2021 and is expected to exhibit a CAGR of 9.5% during the forecast period (2020-2027).

Statistics:

Asia Pacific held dominant position in the global reed switch device market in 2021, accounting for 37.2% share in terms of value, followed by North America, Europe, Latin America, and MEA, respectively

Figure 2: Global Reed Switch Device Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global reed switch device market was valued at US$ 270.1 Mn in 2021 and is expected to reach US$ 600.2 Mn by 2030, growing at a CAGR of 9.5% between 2022 and 2030.