Reed Switches/Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Reed Switches/Sensors Market Analysis
The automotive reed switches/sensors market is expected to register a CAGR of 5.8%during the forecast period(2020-2025).
- Technological advancements in the sensor and switch technology have resulted in advanced, miniature, and highly reliable reed switches, acting as a driver for the employment of these switches in the automotive industry.
- Changing consumer preferences for safer driving experience have also forced the manufacturers to seek better safety sensors, like pedal angle sensors, ABS, and EBS.
- Reliability and durability are challenges for reed switch users. Reed switches have several inherent disadvantages, including susceptibility to breakage issues during installationand its susceptibility to shock or vibration applications, lower durability, a limited life due to the mechanical nature of the switch, as well as issues due to the contact bounce. When leads on the reed switches are soldered into the circuit, they bend significantly, which can easily crack the glass enclosure of the switch, making the switch unusable. Therefore, reed switch manufacturerscarefully providespecific installation instructions, in order to limit this breakage.
Reed Switches/Sensors Market Trends
This section covers the major market trends shaping the Reed Switches/Sensors Market according to our research experts:
Safety Systems to Witness High Demand for Reed Switches/Sensors
Reed sensors have been used as an effective passive safety system to alert the driver. Reed sensors for early brake sensing is one of the major and common usages of automotive reed sensors as mechanisms to alert drivers about possible collision or accident, during the application of brakes.
With a rise in the number of accidents at the global level, the demand for safety features has been increasing, especially in the mid-level vehicles. Additionally, with an aim to reduce the number of accidents and enhance consumer’s safety, many countries across the world have introduced safety norms in the automotive industry. For instance,
- In February 2017, the Indian government made it mandatory for all cars and mini-buses to install anti-lock braking system (ABS) by April 2019.
- Additionally, in July 2018, Hyundai Motor India Ltd (HMIL) announced its Sriperumbudur-based manufacturing plant to be ready, in order to meet the safety and emission norms well in advance, before its mandatory industry implementation in 2019.
- All the models to be manufactured in Chennai plant may be equipped to meet the BS-VI technology, along with the car and pedestrian safety norms, as well as airbags, and ABS as a standard.
The above-mentioned trends across the world are likely to drive the demand for reed sensors/switches for vehicle safety systems, during the forecast period.
Asia-Pacific Continues to Capture Major Market Share
The growing automobile sector in the Asia-Pacific region, with India and China emerging as automotive part manufacture hubs for the western automobile giants, is expected to drive the market for reed switches in this region.
Over the past couple of years, the reed switch market in the Asia-Pacific region had grown rapidly, with a global share of around 35%, followed by North America and Europe. In a nutshell, automobile manufacturers are now focusing on sourcing more reliable sensors, like the reed switches that are also economically feasible.
Reed Switches/Sensors Industry Overview
The automotive reed switches/sensors market is highly fragmented in nature, due to the presence of many regional players. However, some of the major players, like Continental AG, Standex International Corp., Littelfuse Inc., and PIC GmbH, captured significant shares in the market.
The reed switch manufacturers are currently focusing on making the existing switches smaller, better, and durable. These developments are expected to accelerate the demand for the aforementioned type of reed switches in the market.
Reed Switches/Sensors Market Leaders
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Aleph America Corporation
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Continental AG
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Standex International Corp.
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TE Connectivity Ltd
*Disclaimer: Major Players sorted in no particular order
Reed Switches/Sensors Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Application Type
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5.1.1 Cruise Control
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5.1.2 Infotainment Systems
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5.1.3 Safety Systems
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5.1.4 Other Application Types
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5.2 Vehicle Type
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5.2.1 Passenger Cars
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5.2.2 Commercial Vehicles
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Rest of North America
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Rest of Asia-Pacific
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5.3.4 Rest of the World
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5.3.4.1 Brazil
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5.3.4.2 South Africa
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5.3.4.3 Other Countries
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Aleph America Corporation
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6.2.2 Coto Technology
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6.2.3 SMC Corp.
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6.2.4 TE Connectivity Ltd
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6.2.5 Littelfuse Inc.
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6.2.6 Continental AG
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6.2.7 Reed Relays and Electronics India Limited
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6.2.8 Standex International Corp.
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6.2.9 PIC GmbH
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Reed Switches/Sensors Industry Segmentation
The reed switch is an electrical switch operated by an applied magnetic field. It consists of a pair of contacts on ferrous metal reeds in an airtight glass envelope. The contacts are normally open, making no electrical contact. The switch is actuated (closed) by bringing a magnet near the switch. All areas of typical automotive systems incorporate low-profile, zero power consumption reed switch sensors to help them operate reliably and safely. Reed switch is used to support various automotive applications, such as speedometer, power window operation, infotainment, and in-vehicle navigation centers, side and rearview mirrors, cruise control and power steering, door lock actuation, etc. The aforementioned features of automotive reed switches/sensors have been considered in the scope of the market.
The automotive reed switches/sensors market has been segmented by application, vehicle type, and geography.
| Application Type | |
| Cruise Control | |
| Infotainment Systems | |
| Safety Systems | |
| Other Application Types |
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| Geography | ||||||
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Reed Switches/Sensors Market Research FAQs
What is the current Reed Switches Sensors Market size?
The Reed Switches Sensors Market is projected to register a CAGR of greater than 5.80% during the forecast period (2024-2029)
Who are the key players in Reed Switches Sensors Market?
Aleph America Corporation, Continental AG, Standex International Corp. and TE Connectivity Ltd are the major companies operating in the Reed Switches Sensors Market.
Which is the fastest growing region in Reed Switches Sensors Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Reed Switches Sensors Market?
In 2024, the Asia Pacific accounts for the largest market share in Reed Switches Sensors Market.
What years does this Reed Switches Sensors Market cover?
The report covers the Reed Switches Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Reed Switches Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Reed Switches Sensors Industry Report
Statistics for the 2024 Reed Switches Sensors market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Reed Switches Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
