The North America Surface Mount Reed Relays Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
Surface mount technology, or SMT, was created to reduce production expenses while maximizing board space. As a result, SMT has allowed manufacturers to create more compact sophisticated circuit boards. Without penetrating the board surface, electrical components can be installed using SMT. Surface mount components are preferred by the majority of electronic applications because they are small and may be put on either side of a PCB. In addition, they work well in situations that require larger routing densities.
Therefore, surface-mount reed relays are highly preferred for PCBs with limited room. These are especially used in electric vehicles’ control units and medical equipment. As technology is rapidly advancing, it has led to the higher acceptance of small sized equipment and devices, but without compromising the working efficiency. Such factors have expedited the use of surface mount reed relays as they are small and have fast processing speeds.
A reed relay is a nearly ideal device if used properly since it has an inherent isolation between both the signal being switched and the control voltage running the coil, as well as a low-resistance metallic switch channel. In addition, reed relays have a reed switch, a coil for producing a magnetic field, a possible diode for handling the coil's reflected electromagnetic field (EMF), and an encasing package having connection terminals.
In Canada, automation is growing at an unstoppable rate. Technology innovation increases productivity, economic growth, and entirely new jobs. According to projections, data and AI (artificial intelligence), content creation, and cloud computing will be the most expanding sectors. The need for automation is growing throughout practically all of Canada's provinces. Therefore, in the coming years, the regional surface mount reed relays market will have profitable growth potential due to these variables.
The US market dominated the North America Surface Mount Reed Relays Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $102,084.2 Thousands by 2028. The Canada market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.6% during (2022 - 2028).
Based on End User, the market is segmented into Telecommunications, Automotive Electronics, Industrial Automation, Healthcare, Aerospace & Defense and Others. Based on Coil Voltage, the market is segmented into 24 Volt, 6 Volt to 12 Volt and 3 Volt to 5 Volt. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Surface Mount Reed Relays Market is Predict to reach $476.1 Million by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Yageo Corporation (KEMET Corporation), Sensata Technologies Holdings PLC, Standex International Corporation, Comus International, Hamilton Electronics Pvt. Ltd., Misensor Tech Co., Ltd., Hasco Relays and Electronics International Corp., Pickering Electronics Limited (Pickering Group Ltd), and Reed Relays and Electronics India Limited.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Telecommunications
- Automotive Electronics
- Industrial Automation
- Healthcare
- Aerospace & Defense
- Others
By Coil Voltage
- 24 Volt
- 6 Volt to 12 Volt
- 3 Volt to 5 Volt
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Yageo Corporation (KEMET Corporation)
- Sensata Technologies Holdings PLC
- Standex International Corporation
- Comus International
- Hamilton Electronics Pvt. Ltd.
- Misensor Tech Co., Ltd.
- Hasco Relays and Electronics International Corp.
- Pickering Electronics Limited (Pickering Group Ltd)
- Reed Relays and Electronics India Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Surface Mount Reed Relays Market, by End User
1.4.2 North America Surface Mount Reed Relays Market, by Coil Voltage
1.4.3 North America Surface Mount Reed Relays Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Surface Mount Reed Relays Market
Chapter 4. North America Surface Mount Reed Relays Market by End User
4.1 North America Telecommunications Market by Country
4.2 North America Automotive Electronics Market by Country
4.3 North America Industrial Automation Market by Country
4.4 North America Healthcare Market by Country
4.5 North America Aerospace & Defense Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Surface Mount Reed Relays Market by Coil Voltage
5.1 North America 24 Volt Market by Country
5.2 North America 6 Volt to 12 Volt Market by Country
5.3 North America 3 Volt to 5 Volt Market by Country
Chapter 6. North America Surface Mount Reed Relays Market by Country
6.1 US Surface Mount Reed Relays Market
6.1.1 US Surface Mount Reed Relays Market by End User
6.1.2 US Surface Mount Reed Relays Market by Coil Voltage
6.2 Canada Surface Mount Reed Relays Market
6.2.1 Canada Surface Mount Reed Relays Market by End User
6.2.2 Canada Surface Mount Reed Relays Market by Coil Voltage
6.3 Mexico Surface Mount Reed Relays Market
6.3.1 Mexico Surface Mount Reed Relays Market by End User
6.3.2 Mexico Surface Mount Reed Relays Market by Coil Voltage
6.4 Rest of North America Surface Mount Reed Relays Market
6.4.1 Rest of North America Surface Mount Reed Relays Market by End User
6.4.2 Rest of North America Surface Mount Reed Relays Market by Coil Voltage
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Yageo Corporation (KEMET Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional and Segmental Analysis
7.3 Sensata Technologies Holdings PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Standex International Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.5 Comus International
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.6 Hamilton Electronics Pvt. Ltd.
7.6.1 Company Overview
7.7 Misensor Tech Co., Ltd.
7.7.1 Company Overview
7.8 Hasco Relays and Electronics International Corp.
7.8.1 Company Overview
7.9 Pickering Electronics Limited (Pickering Group Ltd)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Reed Relays and Electronics India Limited
7.10.1 Company Overview
TABLE 1 North America Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 2 North America Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 3 North America Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 4 North America Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 5 North America Telecommunications Market by Country, 2018 - 2021, USD Thousands
TABLE 6 North America Telecommunications Market by Country, 2022 - 2028, USD Thousands
TABLE 7 North America Automotive Electronics Market by Country, 2018 - 2021, USD Thousands
TABLE 8 North America Automotive Electronics Market by Country, 2022 - 2028, USD Thousands
TABLE 9 North America Industrial Automation Market by Country, 2018 - 2021, USD Thousands
TABLE 10 North America Industrial Automation Market by Country, 2022 - 2028, USD Thousands
TABLE 11 North America Healthcare Market by Country, 2018 - 2021, USD Thousands
TABLE 12 North America Healthcare Market by Country, 2022 - 2028, USD Thousands
TABLE 13 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Thousands
TABLE 14 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Thousands
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Thousands
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Thousands
TABLE 17 North America Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 18 North America Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 19 North America 24 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 20 North America 24 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 21 North America 6 Volt to 12 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 22 North America 6 Volt to 12 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 23 North America 3 Volt to 5 Volt Market by Country, 2018 - 2021, USD Thousands
TABLE 24 North America 3 Volt to 5 Volt Market by Country, 2022 - 2028, USD Thousands
TABLE 25 North America Surface Mount Reed Relays Market by Country, 2018 - 2021, USD Thousands
TABLE 26 North America Surface Mount Reed Relays Market by Country, 2022 - 2028, USD Thousands
TABLE 27 US Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 28 US Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 29 US Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 30 US Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 31 US Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 32 US Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 33 Canada Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 34 Canada Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 35 Canada Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 36 Canada Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 37 Canada Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 38 Canada Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 39 Mexico Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 40 Mexico Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 41 Mexico Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 42 Mexico Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 43 Mexico Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 44 Mexico Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 45 Rest of North America Surface Mount Reed Relays Market, 2018 - 2021, USD Thousands
TABLE 46 Rest of North America Surface Mount Reed Relays Market, 2022 - 2028, USD Thousands
TABLE 47 Rest of North America Surface Mount Reed Relays Market by End User, 2018 - 2021, USD Thousands
TABLE 48 Rest of North America Surface Mount Reed Relays Market by End User, 2022 - 2028, USD Thousands
TABLE 49 Rest of North America Surface Mount Reed Relays Market by Coil Voltage, 2018 - 2021, USD Thousands
TABLE 50 Rest of North America Surface Mount Reed Relays Market by Coil Voltage, 2022 - 2028, USD Thousands
TABLE 51 Key Information – Omron Corporation
TABLE 52 Key Information – Yageo Corporation
TABLE 53 Key Information – Sensata Technologies Holdings PLC
TABLE 54 Key Information – Standex International Corporation
TABLE 55 Key Information – Comus International
TABLE 56 Key Information – Hamilton Electronics Pvt. Ltd.
TABLE 57 Key Information – Misensor Tech Co., Ltd.
TABLE 58 Key Information – Hasco Relays and Electronics International Corp.
TABLE 59 Key Information – Pickering Electronics Limited
TABLE 60 Key Information – Reed Relays and Electronics India Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Omron Corporation