Surface Mount Reed Relays Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Surface Mount Reed Relays Market in 2025 is estimated at USD 3.52 billion. The global market size was around USD 3.37 billion in 2024 and is likely to expand at a CAGR of more than 5.6%, surpassing USD 6.84 billion revenue by 2037. North America could approach USD 2.39 billion by 2037, fueled by innovation and boosted R&D funding.
The development of the electronic industry is expected to increase the demand for surface-mount reed relays. For instance, China has the biggest electronics industry in the world.
The global market of surface mount reed relays is also estimated to witness growth on account of rising demand for cost-effective surface mount reed relays along with the rise in industrial automation. Surface mount reed relays are smaller in size and have very few internal components so takes up less board space and are heavily used in the manufacturing of Printed Circuit Boards (PCBs). For instance, the production of PCB in Taiwan was around 680 million square feet in 2019. Furthermore, in Thailand, the production of printed circuit board assembly was around 29 Million Units during 2021-2022. Such a factor is therefore estimated to boost the market segment in the coming years.
Surface Mount Reed Relays Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Trend of E-Vehicles – The properties of surface mount reed relays such as high frequency, high voltage, and suitability for surface mount soldering make them more suitable for operation in the automotive sector. The rising demand for electric vehicles is expected to boost the market segment of the Surface Mount Reed Relay market. According to data from the International Energy Agency, in 2021, sales of electric vehicles stood at about 6.6 million and electric vehicles accounted for about 10% of worldwide car sales in the same year, which is four times the market share in 2019.
- Growth in Telecom Industry – Surface mount reed relays have the properties of high insulation resistance and are capable of switching voltages, which makes them more suited for medical equipment and telecommunications. Therefore, the growth of the telecom industry is estimated to result in an increased volume of surface-mount reed relays in the market. As per recent data, in the Union Budget 2022-23, around USD 11 billion was allocated to the Department of Telecommunication of India.
- Increased Research and Development Expenditure – As per data by the World Bank, research and development expenditure in proportion to gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
- Growth of Appliances and Consumer Electronics Industry – As per data, in the Asia Pacific region, the appliances and consumer industry was valued at around USD 9 billion in 2021 and is estimated to reach a valuation of USD 21 billion by the end of 2025.
- Rising Demand for Medical Equipment – In the Asia Pacific region, Foreign Direct Investment (FDI) in the medical devices sector grew by 98% YoY, i.e., USD 301 million in 2020, up from USD 151 million in 2019, as per data.
Challenges
- Less Awareness about the Benefits of Surface Mount Reed Relays in the Market – Not many people across the globe are aware of the properties and benefits of surface mount reed relays. This as a result can hamper the market growth in the forecast period.
- Shortage of Raw Material for Manufacturing of Surface Mount Reed Relays
- Not Suitable for Very High Currents
Surface Mount Reed Relays Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.6% |
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Base Year Market Size (2024) |
USD 3.37 billion |
|
Forecast Year Market Size (2037) |
USD 6.84 billion |
|
Regional Scope |
|
Surface Mount Reed Relays Segmentation
End-user (Automotive, Aerospace & Defence, Healthcare, IT & Telecom, Consumer Electronics)
The global surface mount reed relays market is segmented and analyzed for demand and supply by end-user industry into automotive, aerospace & defense, healthcare, IT & telecom, consumer electronics, and others. Out of these segments, the automotive segment is estimated to garner the largest market share over the forecast period. This can be attributed to the growing adoption of reed relays in the production of automobiles. Surface Mount Reed Relays are used to protect vehicle from overheating by using thermal reed sensors and it also offers single switching with help of reed relays. As per data, the total production of automobiles till mid-2022 was around 22.93 million vehicles. Additionally, growing production of electric vehicles and increasing electric vehicle charging stations are also expected to drive the growth of this segment in the forthcoming time. Further, increasing foreign direct investment along with various government policies is expected to boost segment growth in the coming years.
Volt (3 Volt, 5 Volt, 9 Volt, 12 Volt)
The global surface mount reed relays market is segmented and analyzed for demand and supply by volt into 3 volts, 5 volts, 9 volts, 12 volts, and others. Low-reed relays are used in commercial and industrial applications. The 5 volt surface mount reed relay segment is anticipated to hold the largest share in the forecast period owing to its utilization in various industries. Surface mount reed relays with a voltage of 5 volts are ideally fitted in for automated test equipment, instrumentation, and telecommunication requirements. The amphere turn sensitivity of the switches used can identify the dielectric strength restrictions of surface mount reed relays despite the high voltage dry reed switches.
Our in-depth analysis of the global market includes the following segments:
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By Volt |
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By End User Industry |
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Vishnu Nair
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Surface Mount Reed Relays Industry - Regional Synopsis
APAC Market Statistics
The market in Asia Pacific is projected to hold the largest market share by the end of 2037. This can be accredited to the presence of strong automobile infrastructure along with the rising growth of the electronics industry. According to data, in 2021, India's exports of electronic goods stood at around USD 11 billion. Furthermore, the demand for electronic products in India is projected to grow to USD 400 billion by the end of 2025, up from USD 33 billion in the year 2020. Furthermore, in China, the manufacturing industry is one of the high-growth industries and is anticipated to result in the development of the industrial automation process and digitization of manufacturing phases. Such factors are estimated to foster market growth in the APAC region. Besides this, Asia Pacific region have its hold over the semiconductor production as well which can drive the market in future. The rising demand for surface mount reed relay in various end use industries including automotive, IT, pharmaceuticals, food and beverage packaging and others are indicating towards this.
Europe Market Forecast
Further, the market in Europe is estimated to gain significant growth during the forecast period, owing to the growing adoption of surface mount technology amongst small and medium-sized businesses in the region. Moreover, increasing industrial automation and rising demand for surface-mount reed relays from various industries such as IT & telecom, military, and defense are also estimated to fuel the growth of the surface-mount reed relays market in the European region. The adoption of surface mount reed relays is projected to increase the business in European Countries including Germany, France, the UK, Russia, and Spain. Industrial automation and a wide range of switch configurations are other reasons driving the growth of the surface mount reed relays market in this region.
Companies Dominating the Surface Mount Reed Relays Landscape
- Standex International Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Pickering Electronics Limited
- Reed Relays and Electronics India Limited
- Coto Technology, Inc.
- Hamilton Electronics Pvt. Ltd.
- Comus International
- TE Connectivity Corporation
- SANYU ELECTRIC, INC (SANYU SWITCH CO., LTD.)
- RS Components & Controls (I) Ltd.
- Misensor Tech Co., Ltd
Recent Developments
- Standex International Corporation a global market leader in electronics components manufacturing, announced the launch of the new MK31 series, which expands its line of ultraminiature surface mount (SMD) reading sensors. The new ultraminiature design is 20% smaller than the competition capable of switching at least 50 million reliable operations.
- Pickering Electronics Limited, launched the high voltage, long life dry read relay under the unique series 67 range. The launch adds high-power switches to Pickering’s portfolio that are suitable for applications including cable testing and electro-solar.
- Report ID: 4198
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
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