Reed Sensor Market Trends

Growth Drivers

• Growth in Demand for Automotive

Nearly 66 million automobiles were sold worldwide in 2022. Reed switches are often implemented in sensor applications for automobiles. The reed switch utilizes a magnetic float that customizes to the liquid surface for fluid readings, for instance, fuel tank level sensing, and activates a hermetically sealed switching in the stem.

• Rise in Utilization of Reed Sensor in the Medical Sector

Applications including pacemakers and neuro-stimulators use reed sensors with a high degree of dependability. Additionally, non-critical gadgets including hearing aids and pill cameras as well as diagnostic tools such as scanners and X-ray machines all use the same components.

• Surge in Application of Reed Sensor in Marine

Since non-ferrous materials may be used to activate magnetic reed switches, this makes them perfect to work with submersible machinery, mechanisms, and the vehicle in the marine and watercraft interior industry. The external on or off management of lights, devices, power, and safety tethers are instances of common use cases. In such instances, the magnetic actuator is installed externally, however, the magnetic reed switch sensor is kept sealed in a watertight environment.

Challenges

• High Cost of Reed Sensors – The cost of manufacturing reed sensors is estimated to be high. Also, the demand for the overall product also increases. As a result, the demand for hall-effect sensors is growing which is further hindering the reed sensor market expansion. Moreover, hall effect sensors, in contrast with reed switches, are sensitive to magnetic fields and may identify the strength and direction of the field. As a result, a sensor may produce a positive analog signal for one magnetic orientation and an opposing analog signal for the opposite orientation.
• Lack of Skilled Workers
• Inefficiency of Reed Sensors