Surface Mount Reed Relays Market Size

Surface Mount Reed Relays Market size was valued at USD 3.37 billion in 2024 and is expected to reach USD 6.84 billion by 2037, expanding at around 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of BMI resins is evaluated at USD 3.52 billion. The development of the electronic industry is expected to increase the demand for surface-mount reed relays. For instance, China has the biggest electronics industry in the world.

The global market of surface mount reed relays is also estimated to witness growth on account of rising demand for cost-effective surface mount reed relays along with the rise in industrial automation. Surface mount reed relays are smaller in size and have very few internal components so takes up less board space and are heavily used in the manufacturing of Printed Circuit Boards (PCBs). For instance, the production of PCB in Taiwan was around 680 million square feet in 2019. Furthermore, in Thailand, the production of printed circuit board assembly was around 29 Million Units during 2021-2022. Such a factor is therefore estimated to boost the market segment in the coming years.