Automotive Reed Switches/Sensors Market - Growth, Trends, and Forecast (2019 - 2024)

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.

Market Snapshot

Snapshot
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The automotive reed switches/sensors market is expected to register a CAGR of 5.87%, during the forecast period (2019-2024).

  • Technological advancements in the sensor and switch technology have resulted in advanced, miniature, and highly reliable reed switches, acting as a driver for the employment of these switches in the automotive industry.
  • Changing consumer preferences for safer driving experience have also forced the manufacturers to seek better safety sensors, like pedal angle sensors, ABS, and EBS.
  • Reliability and durability are challenges for reed switch users. Reed switches have several inherent disadvantages, including susceptibility to breakage issues during installation and its susceptibility to shock or vibration applications, lower durability, a limited life due to the mechanical nature of the switch, as well as issues due to the contact bounce. When leads on the reed switches are soldered into the circuit, they bend significantly, which can easily crack the glass enclosure of the switch, making the switch unusable. Therefore, reed switch manufacturers carefully provide specific installation instructions, in order to limit this breakage.

Scope of the Report

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
Cruise Control
Infotainment Systems
Safety Systems
Other Application Types
By Vehicle Type
Passenger Cars
Commercial Vehicles
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Countries

Report scope can be customized per your requirements. Click here.

Key Market Trends

Safety Systems to Witness High Demand for Reed Switches/Sensors

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,

  • In February 2017, the Indian government made it mandatory for all cars and mini-buses to install anti-lock braking system (ABS) by April 2019.
  • Additionally, in July 2018, Hyundai Motor India Ltd (HMIL) announced its Sriperumbudur-based manufacturing plant to be ready, in order to meet the safety and emission norms well in advance, before its mandatory industry implementation in 2019.
    • All the models to be manufactured in Chennai plant may be equipped to meet the BS-VI technology, along with the car and pedestrian safety norms, as well as airbags, and ABS as a standard.

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.

Trend

To understand key trends, Download Sample Report

Asia-Pacific Continues to Capture Major Market Share

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.

Region

To understand geography trends, Download Sample Report

Competitive Landscape

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.

Major Players

  1. Aleph America Corporation
  2. Continental AG
  3. Standex International Corp.
  4. TE Connectivity Ltd

* Complete list of players covered available in the table of contents below

CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application Type

      1. 5.1.1 Cruise Control

      2. 5.1.2 Infotainment Systems

      3. 5.1.3 Safety Systems

      4. 5.1.4 Other Application Types

    2. 5.2 By Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share**

    2. 6.2 Company Profiles

      1. 6.2.1 Aleph America Corporation

      2. 6.2.2 Coto Technology

      3. 6.2.3 SMC Corporation of America

      4. 6.2.4 TE Connectivity Ltd

      5. 6.2.5 Littelfuse Inc.

      6. 6.2.6 Continental AG

      7. 6.2.7 Reed Relays and Electronics India Limited

      8. 6.2.8 Standex International Corp.

      9. 6.2.9 PIC GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information