Surface Mount Reed Relay Market is expected to reach $4.0 Billion by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that surface mount reed relay provides attractive opportunities in the telecommunication, automotive electronic, industrial automation, healthcare, and aerospace & defense markets. The surface mount reed relay market is expected to reach $4.0 billion by 2028 with a CAGR of 6.4%. In this market, 24 volt is the largest segment by coil voltage, whereas automotive electronics is largest by end use industry.

Based on coil voltage, the surface mount reed relay market is segmented into 6 volt to 12 volt, 24 volt, and 3 volt to 5 volt. The 24 volt segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising demand for energy-efficient systems, and increasing penetration of automation as well as expansion of the industrial control systems market.

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The Surface Mount Reed Relay Market is marked by the presence of several big and small players. Some of the prominent players offering surface mount reed relay include Omron Corporation, Yageo Corporation (KEMET Corporation), Sensata Technologies, Standex International, Comus International, Hamilton Electronics, Misensor Tech, Hasco Relays and Electronics International, Pickering Electronics , Reed Relays and Electronic.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056

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