The surface mount reed relays market was valued at US$ 3.0 Bn in 2020 and is expected to grow at a CAGR of 6.5% during the forecast period 2021-2031. Increasing demand for reliable and high voltage reed relays that can be suitable for pick and place and surface mount soldering, is expected to propel demand over the coming years.

The market is projected to witness significant growth due to several factors such as the growing need for reliable and cost-effective surface mount reed relays, rise in industrial automation, changing manufacturing landscape, and rising availability of cost-effective reed relays along with technological advancements.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Standex Electronics Inc., Pickering Interfaces Ltd., Reed Relays and Electronics India Limited, Coto Technology, Hamilton Electronics Pvt. Ltd., Comus International and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Surface Mount Reed Relays.

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What is Driving Demand for Surface Mount Reed Relays?

Continuous developments and implementation of new technologies such as surface mounting technology and modern printed circuit board (PCB) manufacturing facilities in surface mount reed relays are creating growth opportunities. New surface mount reed relays standards enable higher performance and promise convenience for users, as well as simplicity for designers and manufacturers.

Surface mount reed relays offer a wide range of applications such as automated test equipment (ATE), general-purpose electronic test equipment, battery-powered devices, portable defibrillators, test and measurement, high frequency, among other applications.

Growth in industrial automation and growing usage of relay modules low-profile over-molded reed relays are major factors fueling the demand for surface mount reed relays across regions. It also offers various features such as high insulation resistance, high voltage reed relay, external magnetic shield and others. The reliability of such features drives the growth of the surface mount reed relays market.

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Key Segments

By Volt

• 3 Volt
• 5 Volt
• 9 Volt
• 12 Volt
• Others

By End-use Industry

• Automotive
• Aerospace & Defense
• Healthcare
• IT and Telecommunications
• Consumer Electronics
• Others

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Surface Mount Reed Relays Market Manufacturers
Surface Mount Reed Relays Market Distributors/Traders/Wholesalers
Surface Mount Reed Relays Market Subcomponent Manufacturers
Industry Association
Downstream Vendors                                                                                                                          

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Key Questions Answered in This Report.

• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?

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