North America Surface Mount Reed Relays Market

North America Surface Mount Reed Relays Market Size, Share & Industry Trends Analysis Report By End User (Telecommunications, Automotive Electronics, Industrial Automation, Healthcare, Aerospace & Defense), By Coil Voltage, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14710 Publication Date: March-2023 Number of Pages: 65
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Market Report Description

The North America Surface Mount Reed Relays Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).

Surface mount technology, or SMT, was created to reduce production expenses while maximizing board space. As a result, SMT has allowed manufacturers to create more compact sophisticated circuit boards. Without penetrating the board surface, electrical components can be installed using SMT. Surface mount components are preferred by the majority of electronic applications because they are small and may be put on either side of a PCB. In addition, they work well in situations that require larger routing densities.

Therefore, surface-mount reed relays are highly preferred for PCBs with limited room. These are especially used in electric vehicles’ control units and medical equipment. As technology is rapidly advancing, it has led to the higher acceptance of small sized equipment and devices, but without compromising the working efficiency. Such factors have expedited the use of surface mount reed relays as they are small and have fast processing speeds.

A reed relay is a nearly ideal device if used properly since it has an inherent isolation between both the signal being switched and the control voltage running the coil, as well as a low-resistance metallic switch channel. In addition, reed relays have a reed switch, a coil for producing a magnetic field, a possible diode for handling the coil's reflected electromagnetic field (EMF), and an encasing package having connection terminals.

In Canada, automation is growing at an unstoppable rate. Technology innovation increases productivity, economic growth, and entirely new jobs. According to projections, data and AI (artificial intelligence), content creation, and cloud computing will be the most expanding sectors. The need for automation is growing throughout practically all of Canada's provinces. Therefore, in the coming years, the regional surface mount reed relays market will have profitable growth potential due to these variables.

The US market dominated the North America 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 $102,084.2 Thousands by 2028. The Canada market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.6% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Surface Mount Reed Relays Market is Predict to reach $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

  • US
  • Canada
  • Mexico
  • Rest of North America

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
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