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The Automotive Reed Switches/Sensors Market is Segmented by Application (Cruise Control, Infotainment Systems, Safety Systems, and Other Applications), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography.
Fastest Growing Market:
The automotive reed switches/sensors market is expected to register a CAGR of 5.87%, during the forecast period (2019-2024).
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.
|By Application Type|
|Other Application Types|
|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. For instance,
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.
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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.
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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., PIC GmbH, etc., have 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 Deliverables
1.2 Study Assumptions
1.3 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 Application Types
5.2 By Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 Rest of the World
184.108.40.206 South Africa
220.127.116.11 Other Countries
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 Corporation of America
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
** Subject to Availability