Russia Automotive Reed Sensors/Switches Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Russia Automotive Reed Sensors/Switches Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Russia Automotive Reed Sensors/Switches is expected to register a CAGR of more than 7 % during the forecast period, 2020-2025.

Key Highlights

• Automotive Reed Switch market is driven by demand from the end-use industry, mainly towards high miniaturization and highly reliable reed switches. Reed switches are sealed, thus significantly utilized in electronic applications. Reliable data can be transferred without the need for physical contact. Even in environments containing dirt, vibration, moisture, gas, and oil, reed switches are incredibly durable, making them a popular choice for several automotive applications.
• However, high costs may hinder the growth of the market. However, with growing technological advancements in the sensor and switch, many new opportunities are anticipated for the forecasted period. Also, Automotive Reed switches also provide an extended product life cycle since only its internal components bend, and the electricity is wholly contained in the reeds and lead wires. As a result, manufacturers are making product improvements to automotive reed switches to continue meeting the market's changing needs.

Key Market TrendsIncreasing use of Electronic Components

Automotive interiors typically incorporate zero power consumption and low-profile reed switch sensors to operate efficiently and safely. These may range from door lock actuation, speedometer, power window operation, infotainment, and in-vehicle navigation centres. Also, side and rear-view mirrors, cruise control and power steering, visual indicators of battery life, and interior dome lighting and emergency lights utilize reed sensors.

As the switches are free from mechanical wear and are hermetically sealed, this helps extend life. Companies also provide custom reed switches, which can be in SPST, with choice of NO or NC contacts and SPDT configurations. For instance, Reed Switch Developments Corp. offers different sized reed switches, and customers may choose from various reed materials with varying sensitivities and wattages (0.25W – 100W). A wide selection of available case materials includes Celanex, Celcon, Lexan, Epoxy, and Valox. Aluminum, stainless steel, and brass housings.

Magnetic reed switch actuators are also one of the most sold interiors. These include custom molded magnets, configured to meet user-specific mounting and operational requirements. In comparison, wire and cable options are also commonly sold, surrounded by an insulating material ranging from 18-26 AWG sizes.

Rise in Safety Features in Vehicles Driving Growth

With a rise in the number of light commercial vehicles and increasing accidents at the global level, the demand for safety features is increasing, especially in the mid-level cars. To turn down the number of accidents and enhance consumers' safety, many nations worldwide have introduced safety norms in the automotive industry.

Reed switches are also finding more significant application as a component in electric vehicle chargers. Reed switches allow chargers to detect when they're plugged into the car and how much electricity to conduct, and they also minimize the risk of electric leakage or misfiring. The increasing popularity of these eco-friendly cars means higher sales of the switches.

Today, the Reed switch market is hugely driven by the evolution of the internet of things (IoT). IoT offers an increase in automotive safety solutions and automation. However, the advanced reed switch is yet to make a mark in the market. Functional issues associated with reed switches like high demand for smaller and higher durability are becoming vital opportunities for the future.

Competitive Landscape

The Russia Automotive Reed Sensors/Switches is dominated with various international and regional players such as. Although to have the edge over its competitors, the major automotive reed sensors manufacturing companies are making joint-ventures, partnerships to launch newer products.

In 2019, ZF Friedrichshafen AG announced a new position and speed sensor in their sensors category. Through this launch, the company will expand its product portfolio in the reed sensor market.

In 2020, Madison Company announces its C4954-xxxxx Miniature Continuous Float Level Sensor for applications with a small tank footprint.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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