The Asia Pacific Surface Mount Reed Relays Market would witness market growth of 7.1% CAGR during the forecast period (2022-2028).
A longer product life cycle is feature of reed relays. The electricity in a reed switch, present in a reed relay, is entirely contained in the lead wires and reed. Hence it does not have a failure mechanism associated with mechanical wear. Reed switches only have internal components that bend. Certain electrical loads have operating lives of over 50 years and 1 billion switching cycles. As a result, reed switch technology is still in high demand.
Surface mount reed relay producers are enhancing their products in an effort to keep up with the shifting demands of the market. The adoption of electric vehicles has been increasing rapidly over the past few years. As a result, many nations have increased their investments in developing electric vehicle charging stations. Electric cars can go between 250 and 300 kilometers on a fully charged battery. 16–32 Amps may be required to achieve the quickest charging time.
For high-current charging, the battery's contacts must be properly bonded. For high-current charging, the contacts inside the connectors must match up since they must comply with standards and provide a perfect lock-in to avoid charging problems. In order to promote accurate connection mating, reed sensors and relays and a magnet are added to the charging cable's end in electric vehicle charging stations. By doing this, the charging loop will get the correct locking signal to start charging.
Due to the region's quick industrialization and urbanization, Asia Pacific's economic condition has improved. Some of the developing countries in the region, such as South Korea and India, experienced a swift transformation in their economies as well as an increase in the region's GDP. People are therefore increasing their expenditures on upscale goods and cutting-edge technology. The consumer electronics industry is growing mostly due to the widespread usage of inexpensive smartphone devices and the declining costs of service plans, notably in Asia Pacific. In various Asia Pacific nations, demand for smart miniature devices is rising due to the adoption of digitalization and the region's improving economic conditions.
The China market dominated the Asia Pacific Surface Mount Reed Relays Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $39,964.2 Thousands by 2028. The Japan market is estimated to grow a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.7% during (2022 - 2028).
Based on End User, the market is segmented into Telecommunications, Automotive Electronics, Industrial Automation, Healthcare, Aerospace & Defense and Others. Based on Coil Voltage, the market is segmented into 24 Volt, 6 Volt to 12 Volt and 3 Volt to 5 Volt. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Surface Mount Reed Relays Market is Projected to reach USD 476.1 Million by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Yageo Corporation (KEMET Corporation), Sensata Technologies Holdings PLC, Standex International Corporation, Comus International, Hamilton Electronics Pvt. Ltd., Misensor Tech Co., Ltd., Hasco Relays and Electronics International Corp., Pickering Electronics Limited (Pickering Group Ltd), and Reed Relays and Electronics India Limited.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Telecommunications
- Automotive Electronics
- Industrial Automation
- Healthcare
- Aerospace & Defense
- Others
By Coil Voltage
- 24 Volt
- 6 Volt to 12 Volt
- 3 Volt to 5 Volt
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Yageo Corporation (KEMET Corporation)
- Sensata Technologies Holdings PLC
- Standex International Corporation
- Comus International
- Hamilton Electronics Pvt. Ltd.
- Misensor Tech Co., Ltd.
- Hasco Relays and Electronics International Corp.
- Pickering Electronics Limited (Pickering Group Ltd)
- Reed Relays and Electronics India Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Surface Mount Reed Relays Market, by End User
1.4.2 Asia Pacific Surface Mount Reed Relays Market, by Coil Voltage
1.4.3 Asia Pacific Surface Mount Reed Relays Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Surface Mount Reed Relays Market
Chapter 4. Asia Pacific Surface Mount Reed Relays Market by End User
4.1 Asia Pacific Telecommunications Market by Country
4.2 Asia Pacific Automotive Electronics Market by Country
4.3 Asia Pacific Industrial Automation Market by Country
4.4 Asia Pacific Healthcare Market by Country
4.5 Asia Pacific Aerospace & Defense Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Surface Mount Reed Relays Market by Coil Voltage
5.1 Asia Pacific 24 Volt Market by Country
5.2 Asia Pacific 6 Volt to 12 Volt Market by Country
5.3 Asia Pacific 3 Volt to 5 Volt Market by Country
Chapter 6. Asia Pacific Surface Mount Reed Relays Market by Country
6.1 China Surface Mount Reed Relays Market
6.1.1 China Surface Mount Reed Relays Market by End User
6.1.2 China Surface Mount Reed Relays Market by Coil Voltage
6.2 Japan Surface Mount Reed Relays Market
6.2.1 Japan Surface Mount Reed Relays Market by End User
6.2.2 Japan Surface Mount Reed Relays Market by Coil Voltage
6.3 India Surface Mount Reed Relays Market
6.3.1 India Surface Mount Reed Relays Market by End User
6.3.2 India Surface Mount Reed Relays Market by Coil Voltage
6.4 South Korea Surface Mount Reed Relays Market
6.4.1 South Korea Surface Mount Reed Relays Market by End User
6.4.2 South Korea Surface Mount Reed Relays Market by Coil Voltage
6.5 Singapore Surface Mount Reed Relays Market
6.5.1 Singapore Surface Mount Reed Relays Market by End User
6.5.2 Singapore Surface Mount Reed Relays Market by Coil Voltage
6.6 Malaysia Surface Mount Reed Relays Market
6.6.1 Malaysia Surface Mount Reed Relays Market by End User
6.6.2 Malaysia Surface Mount Reed Relays Market by Coil Voltage
6.7 Rest of Asia Pacific Surface Mount Reed Relays Market
6.7.1 Rest of Asia Pacific Surface Mount Reed Relays Market by End User
6.7.2 Rest of Asia Pacific Surface Mount Reed Relays Market by Coil Voltage
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Yageo Corporation (KEMET Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional and Segmental Analysis
7.3 Sensata Technologies Holdings PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Standex International Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.5 Comus International
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 Hamilton Electronics Pvt. Ltd.
7.6.1 Company Overview
7.7 Misensor Tech Co., Ltd.
7.7.1 Company Overview
7.8 Hasco Relays and Electronics International Corp.
7.8.1 Company Overview
7.9 Pickering Electronics Limited (Pickering Group Ltd)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Reed Relays and Electronics India Limited
7.10.1 Company Overview
TABLE 1 Asia Pacific Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 2 Asia Pacific Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 3 Asia Pacific Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 4 Asia Pacific Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 5 Asia Pacific Telecommunications Market by Country, 2018 - 2021, USD Thousands
TABLE 6 Asia Pacific Telecommunications Market by Country, 2022 - 2028, USD Thousands
TABLE 7 Asia Pacific Automotive Electronics Market by Country, 2018 - 2021, USD Thousands
TABLE 8 Asia Pacific Automotive Electronics Market by Country, 2022 - 2028, USD Thousands
TABLE 9 Asia Pacific Industrial Automation Market by Country, 2018 - 2021, USD Thousands
TABLE 10 Asia Pacific Industrial Automation Market by Country, 2022 - 2028, USD Thousands
TABLE 11 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Thousands
TABLE 12 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Thousands
TABLE 13 Asia Pacific Aerospace & Defense Market by Country, 2018 - 2021, USD Thousands
TABLE 14 Asia Pacific Aerospace & Defense Market by Country, 2022 - 2028, USD Thousands
TABLE 15 Asia Pacific Others Market by Country, 2018 - 2021, USD Thousands
TABLE 16 Asia Pacific Others Market by Country, 2022 - 2028, USD Thousands
TABLE 17 Asia Pacific Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 18 Asia Pacific Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 19 Asia Pacific 24 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 20 Asia Pacific 24 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 21 Asia Pacific 6 Volt to 12 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 22 Asia Pacific 6 Volt to 12 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 23 Asia Pacific 3 Volt to 5 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 24 Asia Pacific 3 Volt to 5 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 25 Asia Pacific Surface Mount Reed Relays Market by Country, 2018 - 2021, USD Thousands
TABLE 26 Asia Pacific Surface Mount Reed Relays Market by Country, 2022 - 2028, USD Thousands
TABLE 27 China Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 28 China Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 29 China Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 30 China Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 31 China Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 32 China Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 33 Japan Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 34 Japan Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 35 Japan Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 36 Japan Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 37 Japan Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 38 Japan Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 39 India Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 40 India Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 41 India Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 42 India Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 43 India Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 44 India Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 45 South Korea Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 46 South Korea Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 47 South Korea Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 48 South Korea Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 49 South Korea Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 50 South Korea Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 51 Singapore Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 52 Singapore Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 53 Singapore Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 54 Singapore Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 55 Singapore Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 56 Singapore Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 57 Malaysia Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 58 Malaysia Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 59 Malaysia Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 60 Malaysia Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 61 Malaysia Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 62 Malaysia Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 63 Rest of Asia Pacific Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 64 Rest of Asia Pacific Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 65 Rest of Asia Pacific Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 66 Rest of Asia Pacific Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 67 Rest of Asia Pacific Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 68 Rest of Asia Pacific Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 69 Key Information – Omron Corporation
TABLE 70 Key Information – Yageo Corporation
TABLE 71 Key Information – Sensata Technologies Holdings PLC
TABLE 72 Key Information – Standex International Corporation
TABLE 73 Key Information – Comus International
TABLE 74 Key Information – Hamilton Electronics Pvt. Ltd.
TABLE 75 Key Information – Misensor Tech Co., Ltd.
TABLE 76 Key Information – Hasco Relays and Electronics International Corp.
TABLE 77 Key Information – Pickering Electronics Limited
TABLE 78 Key Information – Reed Relays and Electronics India Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Omron Corporation