Automotive Reed Switches/Sensors Market Size, Status and Growth Outlook 2020 to 2025 | Continental AG, Standex International Corp., Littelfuse Inc.

Global Automotive Reed Switches/Sensors Market - Growth, Trends, And Forecast (2020 - 2025)

The automotive reed switches/sensors market is expected to register a CAGR of 5.8%, during the forecast period (2020 - 2025). This report provides along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities, and challenges in the Automotive Reed Switches/Sensors market. This research report offers an in-depth analysis of the market size (revenue), market share, major market segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities, and challenges.

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Key manufacturers are included based on the company profile, sales data, and product specifications, etc.: Continental AG, Standex International Corp., Littelfuse Inc., PIC GmbH, etc.

- 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.
- Reliability and durability are challenges for reed switch users. Reed switches have several inherent disadvantages, including susceptibility to breakage issues during installation and its susceptibility to shock or vibration applications, lower durability, a limited life due to the mechanical nature of the switch, as well as issues due to the contact bounce. When leads on the reed switches are soldered into the circuit, they bend significantly, which can easily crack the glass enclosure of the switch, making the switch unusable. Therefore, reed switch manufacturers carefully provide specific installation instructions, in order to limit this breakage.

Safety Systems to Witness High Demand for Reed Switches/Sensors

Reed sensors have been used as an effective passive safety system to alert the driver. Reed sensors for early brake sensing is one of the major and common usages of automotive reed sensors as mechanisms to alert drivers about possible collision or accident, during the application of brakes. With a rise in the number of accidents at the global level, the demand for safety features has been increasing, especially in the mid-level vehicles. Additionally, with an aim to reduce the number of accidents and enhance consumers safety, many countries across the world have introduced safety norms in the automotive industry. For instance,

- In February 2017, the Indian government made it mandatory for all cars and mini-buses to install anti-lock braking system (ABS) by April 2019.
- Additionally, in July 2018, Hyundai Motor India Ltd (HMIL) announced its Sriperumbudur-based manufacturing plant to be ready, in order to meet the safety and emission norms well in advance, before its mandatory industry implementation in 2019.
- All the models to be manufactured in Chennai plant may be equipped to meet the BS-VI technology, along with the car and pedestrian safety norms, as well as airbags, and ABS as a standard.

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Further in the Automotive Reed Switches/Sensors Market research reports, the following points are included along with an in-depth study of each point:

Production Analysis: Production of Automotive Reed Switches/Sensors is analyzed with respect to different regions, types, and applications. Here, price analysis of various Automotive Reed Switches/Sensors Market key players is also covered.

Supply and Consumption: In continuation of sales, this section studies supply, and consumption for the Automotive Reed Switches/Sensors Market. This part also sheds light on the gap between supply and consumption.

Key Strategic Developments: The study also includes the key strategic developments of the Automotive Reed Switches/Sensors market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, Global and regional growth of the leading competitors operating in the market on a Global and regional scale.

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