Global Reed Sensors Market is expected to grow at a substantial CAGR of 7.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
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Global reed sensors market is a highly consolidated market, which includes specific number of key players as well as local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to increased demand of reed sensors in automotive industry and rising demand in consumer electronics.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of the market. For instance, In January 2019, Standex International Corporation strengthens magnetics capabilities with acquisition of high-reliability magnetics provider Agile Magnetics. Through this acquisition the company will expand its product portfolio in the market.
Standex International Corporation is the dominating player in the global reed sensors market. The other key players in the market are KEMET, ZF Friedrichshafen AG, Littelfuse, Inc, Airtac International Group, Aleph America Corporation, BERNSTEIN AG, COTO TECHNOLOGY, HNC Group, HSI SENSING, GEMÜ Group, ifm electronic gmbh, Madison Company, Inc, MULTICE GROUP, NTE Electronics, Inc., PIC GmbH, Reed Switch Developments Corp., Soway Tech Limited, Switch Technology Günther, Vernexx, among others.
Standex International Corporation
Standex International Corporation is headquartered in Ohio, U.S. which was founded in 1955. The company is engaged in manufacturing of food service equipment, engraving, engineering technologies, electronics and hydraulics. The company performs its business from two business segments such as electronics and hydraulics in which electronics is the market focused segment. The product categories of the company include food service, engraving, engineering technologies, electronics and hydraulics in which electronics is the market focused category. The company has approx. 5,600 employees as of June 30, 2018.
- In February 2017, Standex International Corporation acquired OKI Sensor Device Corporation. Through this acquisition, the company will expand its electronics in Asia region in the market.
The company has wide global presence across the globe such as North America, Europe, Asia Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Associated American Industries, LLC (U.S.), Custom Hoists, Inc (U.S.), Dornbusch & Cia Industria E. Comercio Ltda. (Brazil), Horizon Scientific, Inc (U.S.), Mold-Tech Singapore Pte. Ltd.(Singapore).
KEMET:
KEMET is headquartered in Florida, U.S. which was founded in 1919. The company is engaged in manufacturing passive electrical components, electromagnetic devices. The company performs its business from three business segments such as Solid Capacitors, MSA and Films and Electrolytic in which Solid Capacitors is the market focused segment. The product categories of the company include inductors, ceramic, polymer, aluminium electrolytic, EMC, film, tantalum, sensors & actuators, supercapacitor, relays and varistors in which sensors is the market focused category. The company has approx. 14,350 employees as of March 31, 2019.
- In April 2017, KEMET, a leading global supplier of passive electronic components acquired NEC TOKIN Corporation. The focus of the acquisition is to address the challenges and opportunities of designing and developing the high level of technologies that will initiate the company to exceed the future demands of their customers.
The company has wide global presence across the globe such as Asia-Pacific, Europe and U.S. In addition to it, the company also generates its revenue from the various subsidiary companies such as KEMET Electronics Corporation (U.S.), KEMET de Mexico, S.A. de C.V. (Mexico), KEMET Electronics Portugal, S.A. (Portugal), TOKIN Corporation (Japan), KEMET Electronics Marketing (S) Pte Ltd (Singapore), KEMET Electronics AB (Sweden) among others.
ZF Friedrichshafen AG
ZF Friedrichshafen AG is headquartered in Friedrichshafen, Germany and it was founded in 1915. The company offers integrated solutions for vehicle manufacturers, mobility providers and other companies in the fields of transportation and mobility. The company performs its business from eight business segments such as active & passive safety technology, car chassis technology, car powertrain technology, commercial vehicle technology, aftermarket, industrial technology, e-mobility, corporate R&D in which industrial technology is the market focused segment. The product categories of the company include switches, sensors, energy harvesting, energy harvesting systems in which sensors is the market focused category. The company has approx. 148,969 employees as of December 31, 2018.
- In October 2019, ZF Friedrichshafen AG announces the launch of new position and speed sensor in their sensors category. Through this launch, the company will expand its product portfolio in the market.
The company has presence in Europe, North America, South America, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ZF Sachs (Germany), ZF North America Inc (U.S.), ZF Engineering Pilsen (China), ZF Passau GmbH (Germany), ZF TRW Automotive Holdings Corp. (U.S.), ZF North America Capital Inc. (U.S.).
