Surface Mount Reed Relays Market Segmentation:
End-user Segment Analysis
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 Segment Analysis
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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