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Global Automotive Reed Switches/Sensors Market - Segmented by Type, Vehicle, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Automotive Reed Switches/Sensors Market - Segmented by Type, Vehicle, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global market for automotive reed sensors/switches registered estimated revenue of USD 5.26 billion in 2017 and is expected to touch USD 8.40 billion by 2023, with a CAGR of 8.11% over the forecasted period. Making the existing switches smaller, better and durable has become the current agenda of reed switch manufacturers and these developments are expected to maintain the popularity of this long standing technology.

Technological advancements in the sensor and switch technology have resulted in advanced, miniature and highly reliable reed switches, acting as a driver for the employment of these switches in the automotive industry. Changing consumer preferences for safer driving experience have also forced the manufacturers to seek better safety sensors like pedal angle sensors, ABS and EBS.

The growing automobile sector in the Asia-Pacific region, with India and China emerging as automotive part manufacture hubs for the western automobile giants, is expected to drive the market for reed switches in this region. Over the past couple of years, the reed switch market in the Asia-Pacific region has grown rapidly, with a global share of around 35%, followed by North America and Europe. In a nutshell, automobile makers are now focusing on sourcing for more reliable sensors, like that of reed switches that are also economically feasible.

Market Dynamics

Vehicle safety systems are designed to protect passengers during accidents. They can be classified as primary, or passive systems and secondary, or active systems. Reed sensors can be used as an effective passive safety system suited to alert driver. Reed sensors for early brake sensing is one of the major and common usage of automotive reed sensors as mechanisms to alert drivers about possible collision or accident during application of brakes. Open vane sensors are also designed by using a normally closed reed switch on one side and a magnet on the other side, which is strong enough to keep the normally closed reed switch open.

Reed switches have several inherent disadvantages, including susceptibility to breakage issues during installation, and its susceptibility to shock or vibration applications, lower durability, a limited life due to the mechanical nature of the switch, as well as issues due to the contact bounce. Reliability and durability are challenges for reed switch users. When leads on the reed switches are soldered into the circuit, they bend significantly, and this can easily crack the glass enclosure of the switch, making the switch unusable. Reed switch manufacturers, therefore, carefully provides specific installation instructions in order to limit this breakage.

Key Developments in the Market

  • February 2018: Commercial robotic cars will hit the road in 2018. The cost of this taxi is expected to be around USD 200K
  • September 2017: USD 115M project for WV Toyota plant to start by 2020

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    1. Introduction
    1.1 Research Methodology
    1.2 General Study Assumptions
    2. Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Assumptions
    2.4 Econometric Forecast Model
    3. Executive Summary
    4. Market Overview and Technology Trends
    4.1 Current Market Scenario
    4.2 Technology Trends
    4.3 Porter's Five Forces Analysis
    4.3.1 Bargaining Power of the Suppliers
    4.3.2 Bargaining Power of the Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Competitive Rivalry within the Industry
    5. Market Dynamics
    5.1 Drivers
    5.1.1 Stringent Regulations
    5.1.2 Major Automakers Partnering With Exhaust System Manufacturers
    5.2 Restraints
    5.2.1 Growing Electric Vehicles
    5.2.2 Ban on Diesel Vehicles
    5.3 Opportunities
    5.3.1 Advanced Diesel After-Treatment Devices
    5.3.2 Upcoming Regulations in Emerging Economies
    6. Global Automotive Exhaust Aftertreatment Systems Market, By Filter Type
    6.1 Cordierite based
    6.2 Silicon carbide based
    6.3 Ceramic fiber based
    7. Global Automotive Exhaust Aftertreatment Systems Market, By Vehicle Type
    7.1 Passenger Car
    7.2 LCV
    7.3 HCV
    8. Global Automotive Exhaust Aftertreatment Systems Market, By Fuel Type
    8.1 Gasoline (Petrol)
    8.2 Diesel
    9. Global Automotive Exhaust Aftertreatment Systems Market, By Geography
    9.1 North America
    9.1.1 United States
    9.1.2 Canada
    9.1.3 Mexico
    9.1.4 Rest of the North America
    9.2 Europe
    9.2.1 Spain
    9.2.2 United Kingdom
    9.2.3 Germany
    9.2.4 Russia
    9.2.5 France
    9.2.6 Rest of the Europe
    9.3 Asia-Pacific
    9.3.1 China
    9.3.2 India
    9.3.3 Japan
    9.3.4 Rest of the Asia-Pacific
    9.4 South America
    9.4.1 Brazil
    9.4.2 Argentina
    9.4.3 Rest of the South America
    9.5 Middle East & Africa
    9.5.1 Saudi Arabia
    9.5.2 South Africa
    9.5.3 Rest of the Middle East & Africa
    10. Competitive Landscape
    10.1 Introduction
    10.2 Market Share Analysis
    11. Company Profiles
    11.1 Clean Diesel Technologies, Inc.
    11.2 Continental AG
    11.3 Cummins Inc.
    11.4 DCL International Inc.
    11.5 Delphi Automotive LLP.
    11.6 Dinex
    11.7 Donaldson Company, Inc.
    11.8 ESW Group
    11.9 European Exhaust and Catalyst Ltd.
    11.10 Nett Technologies Inc.
    11.12 Sibelco Asia PTE Ltd.
    11.13 Standard Motor Products Europe
    11.14 Tenneco Inc.
    12. Future Outlook of the market
    13. Disclaimer

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