The Latin America, Middle East and Africa Surface Mount Reed Relays Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Despite supply chain snags and the Covid-19 outbreak, electric vehicle (EV) sales set a record in 2021. Sales increased almost double to 6.6 million compared to 2020, with the total number of EVs on the road to 16.5 million. According to the Net Zero Emissions by 2050 Scenario, there will be 300 million electric cars on the road by 2030, and new automobile sales will be 60% of electric vehicles. Consequently, EVs must raise their sales share by approximately 6% percentage points annually to stay on pace with the Net Zero Scenario. This will expedite the demand for surface mount reed relays further.
The use of reed relays and sensors have also increased in recent years owing to rising government initiatives to protect endangered fish species and rising innovation in reed sensors for monitoring oil level in the automobile industry. Also, by utilizing reed sensors to analyze fish migration patterns, fish farming can be revived to increase the number of endangered species.
Also, using reed sensors for measuring liquid level detection, coolant level, brake pressure, tire pressure monitoring, windscreen, and other things is possible. Moreover, reed sensors are employed for various things, including airbags, automatic door locks, power steering, and engine management. The need for reed sensors is rising due to the expansion of safety, security, and other functionality in public structures and automobiles.
The UAE is steadily building its reputation in the LAMEA region as a technology hub. Several international firms, like Google and Microsoft, refer to Dubai as a metropolis with a growing tech zone. Also, well-known innovators like Apple are choosing to launch some of their latest and most popular products in this Middle Eastern region now that they are informed of the region's expanding economic potential. In the UAE, demand for consumer electronics has soared in recent years. Regional businesses are also accelerating the adoption of automation in their respective sectors. Hence, the market's growth is fueled by the increased use of consumer electronics products and the quick uptake of automation.
The Brazil market dominated the LAMEA 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 $7,722.4 Thousands by 2028. The Argentina market is experiencing a CAGR of 7.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Surface Mount Reed Relays Market, by End User
1.4.2 LAMEA Surface Mount Reed Relays Market, by Coil Voltage
1.4.3 LAMEA 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. LAMEA Surface Mount Reed Relays Market by End User
4.1 LAMEA Telecommunications Market by Country
4.2 LAMEA Automotive Electronics Market by Country
4.3 LAMEA Industrial Automation Market by Country
4.4 LAMEA Healthcare Market by Country
4.5 LAMEA Aerospace & Defense Market by Country
4.6 LAMEA Others Market by Country
Chapter 5. LAMEA Surface Mount Reed Relays Market by Coil Voltage
5.1 LAMEA 24 Volt Market by Country
5.2 LAMEA 6 Volt to 12 Volt Market by Country
5.3 LAMEA 3 Volt to 5 Volt Market by Country
Chapter 6. LAMEA Surface Mount Reed Relays Market by Country
6.1 Brazil Surface Mount Reed Relays Market
6.1.1 Brazil Surface Mount Reed Relays Market by End User
6.1.2 Brazil Surface Mount Reed Relays Market by Coil Voltage
6.2 Argentina Surface Mount Reed Relays Market
6.2.1 Argentina Surface Mount Reed Relays Market by End User
6.2.2 Argentina Surface Mount Reed Relays Market by Coil Voltage
6.3 UAE Surface Mount Reed Relays Market
6.3.1 UAE Surface Mount Reed Relays Market by End User
6.3.2 UAE Surface Mount Reed Relays Market by Coil Voltage
6.4 Saudi Arabia Surface Mount Reed Relays Market
6.4.1 Saudi Arabia Surface Mount Reed Relays Market by End User
6.4.2 Saudi Arabia Surface Mount Reed Relays Market by Coil Voltage
6.5 South Africa Surface Mount Reed Relays Market
6.5.1 South Africa Surface Mount Reed Relays Market by End User
6.5.2 South Africa Surface Mount Reed Relays Market by Coil Voltage
6.6 Nigeria Surface Mount Reed Relays Market
6.6.1 Nigeria Surface Mount Reed Relays Market by End User
6.6.2 Nigeria Surface Mount Reed Relays Market by Coil Voltage
6.7 Rest of LAMEA Surface Mount Reed Relays Market
6.7.1 Rest of LAMEA Surface Mount Reed Relays Market by End User
6.7.2 Rest of LAMEA 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 LAMEA Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 2 LAMEA Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 3 LAMEA Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 4 LAMEA Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 5 LAMEA Telecommunications Market by Country, 2018 - 2021, USD Thousands
TABLE 6 LAMEA Telecommunications Market by Country, 2022 - 2028, USD Thousands
TABLE 7 LAMEA Automotive Electronics Market by Country, 2018 - 2021, USD Thousands
TABLE 8 LAMEA Automotive Electronics Market by Country, 2022 - 2028, USD Thousands
TABLE 9 LAMEA Industrial Automation Market by Country, 2018 - 2021, USD Thousands
TABLE 10 LAMEA Industrial Automation Market by Country, 2022 - 2028, USD Thousands
TABLE 11 LAMEA Healthcare Market by Country, 2018 - 2021, USD Thousands
TABLE 12 LAMEA Healthcare Market by Country, 2022 - 2028, USD Thousands
TABLE 13 LAMEA Aerospace & Defense Market by Country, 2018 - 2021, USD Thousands
TABLE 14 LAMEA Aerospace & Defense Market by Country, 2022 - 2028, USD Thousands
TABLE 15 LAMEA Others Market by Country, 2018 - 2021, USD Thousands
TABLE 16 LAMEA Others Market by Country, 2022 - 2028, USD Thousands
TABLE 17 LAMEA Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 18 LAMEA Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 19 LAMEA 24 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 20 LAMEA 24 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 21 LAMEA 6 Volt to 12 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 22 LAMEA 6 Volt to 12 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 23 LAMEA 3 Volt to 5 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 24 LAMEA 3 Volt to 5 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 25 LAMEA Surface Mount Reed Relays Market by Country, 2018 - 2021, USD Thousands
TABLE 26 LAMEA Surface Mount Reed Relays Market by Country, 2022 - 2028, USD Thousands
TABLE 27 Brazil Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 28 Brazil Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 29 Brazil Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 30 Brazil Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 31 Brazil Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 32 Brazil Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 33 Argentina Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 34 Argentina Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 35 Argentina Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 36 Argentina Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 37 Argentina Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 38 Argentina Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 39 UAE Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 40 UAE Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 41 UAE Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 42 UAE Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 43 UAE Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 44 UAE Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 45 Saudi Arabia Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 46 Saudi Arabia Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 47 Saudi Arabia Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 48 Saudi Arabia Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 49 Saudi Arabia Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 50 Saudi Arabia Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 51 South Africa Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 52 South Africa Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 53 South Africa Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 54 South Africa Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 55 South Africa Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 56 South Africa Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 57 Nigeria Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 58 Nigeria Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 59 Nigeria Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 60 Nigeria Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 61 Nigeria Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 62 Nigeria Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 63 Rest of LAMEA Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 64 Rest of LAMEA Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 65 Rest of LAMEA Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 66 Rest of LAMEA Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 67 Rest of LAMEA Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 68 Rest of LAMEA 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