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Market Research Report

Automotive Reed Switches/Sensors Market - Growth, Trends and Forecasts (2017 - 2022)

Published by Mordor Intelligence LLP Product code 603357
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Automotive Reed Switches/Sensors Market - Growth, Trends and Forecasts (2017 - 2022)
Published: August 1, 2017 Content info:
Description

Automotive vehicle production has been growing rapidly with a substantial increase in global population and vehicle owning households. The market for reed switches/sensors that are a part and parcel of every automobile unit has grown and is undergoing improvisations from time to time.

The global market for automotive reed sensors/switches registered estimated revenue of USD 4.4 billion in 2015 and is expected to touch USD 8.29 billion by 2020, with a CAGR of 13.52% over the forecasted period. Making the existing switches smaller, better and durable has become the current agenda of reed switch manufacturers and these developments are expected to maintain the popularity of this long standing technology.

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.

Updating older technologies with latest innovations has been the trend in the automotive industry. Owing to this, the automotive manufacturers prefer the latest solid-state magneto resistive (MR) or Hall Effect sensors for their sensitivity, durability and reliability. However, the simplicity and reliable performance of the reed switch and sensors for low-power applications have made it hard for new entrants to replace the former in the automobile sector. As a result, companies are now focusing on developing a better reed switch technology by combining the pros of the existing reed switch with latest innovations. One such approach was implemented by Coto Technology that has introduced the new Microelectromechanical Systems (MEMS) with a magnetically operated reed switch named “RedRock”. This switch merges the zero power operation and high power hot switching capability of the reed switch with the inherent benefits associated with MEMS processing.

Standex-Meder Electronics, Inc. has paired the reed sensors with magnets that find their extensive application in sensing and detecting movement and proximity, metal detection and liquid level and flow measurement in an automobile. This company has also released its latest product - the world's smallest ultra-miniature reed switch with a rated power 3W, switching voltage 30 VDC and switching current 0.3 Amp DC.

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 has grown rapidly, with a global share of around 35%, followed by North America and Europe. The report segments the market by type of switch orientation, vehicle type, application type and geography. In a nutshell, automobile makers are now focusing on sourcing for more reliable sensors like that of reed switches that are also economically feasible.

Some of the key players in the market are:

  • Coto Technology
  • Hamlin Electronics
  • OKI Sensor Device Corporation
  • PIC Gmbh
  • Standex-Meder Electronics, Inc.
  • STG Germany GmbH

What the Report Offers

  • This report on global reed sensors/switches market analyzes the current market trends on a global and regional scale in detail.
  • This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
  • It also discusses the latest technologies in the automotive reed switches and sensors that are under development and in the research pipeline.
  • This report provides a list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out from the pack.
Table of Contents

Table of Contents

1. INTRODUCTION

  • 1.1. Research Methodology
  • 1.2. Objectives
  • 1.3. Report Description

2. KEY FINDINGS OF THE STUDY

3. MARKET OVERVIEW

  • 3.1. Introduction
  • 3.2. New Developments in R&D

4. MARKET DYNAMICS

  • 4.1. Drivers
  • 4.2. Constraints
  • 4.3. Opportunities
  • 4.4. Porter's Five Forces Analysis

5. MARKET SEGMENTATION

  • 5.1. By Type (Growth, Trends and Forecasts)
    • 5.1.1. Surface Mount
    • 5.1.2. Through hole
    • 5.1.3. Others
  • 5.2. By Vehicle Type (Growth, Developments, Trends)
    • 5.2.1. Passenger Cars
    • 5.2.2. Commercial Vehicles
    • 5.2.3. Electric cars
    • 5.2.4. Others
  • 5.3. By Application Type (Market crackdown, Trends and Forecasts)
    • 5.3.1. Internal Sensors
    • 5.3.2. Tachometer, Speedometer and Cruise Control
    • 5.3.3. Infotainment systems
    • 5.3.4. Braking and safety systems
    • 5.3.5. Others
  • 5.4. By Geography (Country wise trends, by Type, by Vehicle Type and by Application Type)
    • 5.4.1. North America
      • 5.4.1.1. U.S.
      • 5.4.1.2. Canada
      • 5.4.1.3. Others
    • 5.4.2. Europe
      • 5.4.2.1. U.K.
      • 5.4.2.2. France
      • 5.4.2.3. Germany
      • 5.4.2.4. Russia
      • 5.4.2.5. Others
    • 5.4.3. Asia-Pacific
      • 5.4.3.1. China
      • 5.4.3.2. Japan
      • 5.4.3.3. India
      • 5.4.3.4. South Korea
      • 5.4.3.5. Others
    • 5.4.4. South America
      • 5.4.4.1. Brazil
      • 5.4.4.2. Argentina
      • 5.4.4.3. Others
    • 5.4.5. Africa & Middle East
      • 5.4.5.1. South Africa
      • 5.4.5.2. Saudi Arabia
      • 5.4.5.3. Others

6. COMPETITIVE LANDSCAPE

  • 6.1. Mergers & Acquisitions
  • 6.2. Joint Ventures
  • 6.3. New Product Launches
  • 6.4. Most active companies in the past five years
  • 6.5. Market Share Analysis

7. COMPANY PROFILES

  • 7.1. Aleph America Corporation
  • 7.2. Bimba Manufacturing Company
  • 7.3. Comus International
  • 7.4. Coto Technology
  • 7.5. GE-Ding Information Inc.
  • 7.6. Hamlin Electronics
  • 7.7. OKI Sensor Device Corporation
  • 7.8. PIC GmbH
  • 7.9. Reed Relays and Electronics India Limited
  • 7.10. Reed Switch Development Corporation
  • 7.11. SMC Corporation of America
  • 7.12. Standex-Meder Electronics, Inc.
  • 7.13. STG Germany GmbH
  • 7.14. TE Connectivity Ltd.
  • 7.15. Thomas White (Leicester) Limited
  • 7.16. XT America LLC
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