Surface Mount Reed Relays Market - Growth Drivers and Challenges
Growth Drivers
- Rising Trend of E-Vehicles – The properties of surface mount reed relays such as high frequency, high voltage, and suitability for surface mount soldering make them more suitable for operation in the automotive sector. The rising demand for electric vehicles is expected to boost the market segment of the Surface Mount Reed Relay market. According to data from the International Energy Agency, in 2021, sales of electric vehicles stood at about 6.6 million and electric vehicles accounted for about 10% of worldwide car sales in the same year, which is four times the market share in 2019.
- Growth in Telecom Industry – Surface mount reed relays have the properties of high insulation resistance and are capable of switching voltages, which makes them more suited for medical equipment and telecommunications. Therefore, the growth of the telecom industry is estimated to result in an increased volume of surface-mount reed relays in the market. As per recent data, in the Union Budget 2022-23, around USD 11 billion was allocated to the Department of Telecommunication of India.
- Increased Research and Development Expenditure – As per data by the World Bank, research and development expenditure in proportion to gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
- Growth of Appliances and Consumer Electronics Industry – As per data, in the Asia Pacific region, the appliances and consumer industry was valued at around USD 9 billion in 2021 and is estimated to reach a valuation of USD 21 billion by the end of 2025.
- Rising Demand for Medical Equipment – In the Asia Pacific region, Foreign Direct Investment (FDI) in the medical devices sector grew by 98% YoY, i.e., USD 301 million in 2020, up from USD 151 million in 2019, as per data.
Challenges
- Less Awareness about the Benefits of Surface Mount Reed Relays in the Market – Not many people across the globe are aware of the properties and benefits of surface mount reed relays. This as a result can hamper the market growth in the forecast period.
- Shortage of Raw Material for Manufacturing of Surface Mount Reed Relays
- Not Suitable for Very High Currents
Surface Mount Reed Relays Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
6.5% |
|
Base Year Market Size (2025) |
USD 526 million |
|
Forecast Year Market Size (2035) |
USD 987.37 million |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of surface mount reed relays is assessed at USD 556.77 million.
The global surface mount reed relays market size surpassed USD 526 million in 2025 and is projected to witness a CAGR of over 6.5%, crossing USD 987.37 million revenue by 2035.
North America surface mount reed relays market will hold around 35% share by 2035, driven by product innovation and increased R&D investment.
Key players in the market include Standex International Corporation, Pickering Electronics Limited, Reed Relays and Electronics India Limited, Coto Technology, Inc., Hamilton Electronics Pvt. Ltd., Comus International, TE Connectivity Corporation, SANYU ELECTRIC, INC (SANYU SWITCH CO., LTD.), RS Components & Controls (I) Ltd., Misensor Tech Co., Ltd.
