Europe was the leading geographic reed sensor market and it is anticipated to be the highest revenue contributor throughout the forecast period. The consumer electronics market in Europe has witnessed aggressive and stable demands in different countries of the region. The NORDIC countries of Europe consist of a large number of Small and Medium scale industries (SMEs) that have steady demands for reed sensor based products. On the other hand, economically strong countries like Germany, Italy, UK and Spain have witnessed rapid growth in the implementations of reed sensors in the different industry verticals primarily led by consumer electronics and automotive sectors. ReedSensor Market Insights The increasing penetration of IoT, connected devices and consumer electronics to have a noteworthy impact on the reed sensor market The exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electron...