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The Argentina Automotive Reed Switches/Sensors Market is segmented by Application (Cruise Control, Infotainment Systems, Safety Systems, and Others), and Vehicle Type (Passenger Car and Commercial Vehicle)
The Argentina automotive reed switches/sensors market is expected to register a CAGR of 3% during the forecast period (2020-2025).
The Argentina automotive reed switches/sensors market covers the latest trends and technological development and provides analysis on the market demand by application type, vehicle type, and market share of major reed switches/sensors manufacturing companies across Argentina.
|By Application Type|
|By Vehicle Type|
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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.
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However, there is a slowdown in automobile sales and production which is because of the trade tensions between two major economies of the world China and the United States, also the ongoing Pandemic COVID-19 is also responsible for the slowdown in the economy as it has forced the world economy to lockdown for almost 3 months and now the growth is expected to resume in the second half of 2021, as the governments are providing stimulus to the demand as well as the supply side to revive the economy.
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The Argentina 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.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application Type
5.1.1 Cruise Control
5.1.2 Infotainment Systems
5.1.3 Safety Systems
5.1.4 Other Applications
5.2 By Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Aleph America Corporation
6.2.2 Coto Technology
6.2.3 SMC Corp.
6.2.4 TE Connectivity Ltd
6.2.5 Littelfuse Inc.
6.2.6 Continental AG
6.2.7 Reed Relays and Electronics India Limited
6.2.8 Standex International Corp.
6.2.9 PIC GmbH
7. MARKET OPPORTUNITIES AND FUTURE TRENDS