According to a new report, published by KBV research, The Global Surface Mount Reed Relays Market size is expected to reach $476.1 Million by 2028, rising at a market growth of 6.3% CAGR during the forecast period.
The Telecommunications segment is leading the Global Surface Mount Reed Relays Market by End User in 2021 thereby, achieving a market value of $156.1 Million by 2028. One of the main drivers propelling this segment is the increase in expenditure on 5G infrastructure deployment due to customers' preference for smartphone devices and next-generation technology. Also, the increase in the number of mobile users, the surge in the demand for high-speed internet connectivity, and the growing demand for value-added managed services are all accelerating the usefulness of the telecommunications industry.
The 6 Volt to 12 Volt segment has shown the growth rate of 6.5% during (2022 - 2028). Regarding applications in the transportation industry, such as automobiles and boats, a 6 volt to 12 volt segment is utilized rather frequently. Reed relays that handle these voltage ranges are at the top of the list due to their safety, low maintenance, capacity, power, and extended lifespans. Reed relays also support a wide range of voltages. As the number of vehicles increases, the demand for reed relays supporting this range will also increase, propelling the segment's growth.
The Europe market dominated the Global Surface Mount Reed Relays Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $161.3 Million by 2028. The North America market is exhibiting a CAGR of 6.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/surface-mount-reed-relays-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of TBM Co., Ltd., Stone Paper Global Technologies Ltd., AM Packaging Company Limited, Shenzhen Stone Paper Enterprise Ltd., WestRock Company, Taiwan Longmeng Composite Materials Co., Ltd., STP Stone Paper Products GmbH, Sphera International, Pishgaman Sanat Sabz and The Stone Paper Company Limited.
By End User
By Coil Voltage
By Geography
Companies Profiled
Unique Offerings 
