The Argentina automotive reed switches/sensors market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to increasing manufacturing of automotive reed switches that consumes less power.
A reed switch in an automobile is an electrical switch that is activated by a magnetic field. It consists of a pair of magnetizable, flexible metal reeds with a small gap between their end sections. Reeds are hermetically sealed in a tubular glass envelope with opposite ends. When exposed to a magnetic field, the two ferrous components inside the switch pull together that completes the circuit.
The reeds split and the switch opens when the magnetic field is eliminated. It is an excellent non-contact switch. These switches are built with a high level of dependability. The ferrous metal contacts are sealed in an atmosphere with a predetermined pressure or vacuum, which is chosen precisely for their intended application areas.
The automotive reed sensor is a device with a permanent magnet that detects and senses movement. In the presence of a magnetic field, it features a reed switch to provide mechanical protection and vibration resistance.
Reed sensors come in hundreds of different forms and sizes to meet a wide range of application requirements. For metal deduction and flow measurement, the reed sensor is connected to a securely potted reed switch.
Automotive reed sensors come in a variety of contact types, including A, B, C, D, and E, with power ratings ranging from 1 to 100 watts. Magnets trigger reed sensors, which are utilised for proximity detection. The reed sensor has a low resistance of up to 50 milli, but it also has a high resistance of up to 100 milli. Automotive reed sensor is operated from -50 °C to +150°C with no exceptional additions, modifications, and cost.
Market Trends, Drivers, Restraints, and Opportunities
Increasing consumer preference for safer driving experience has encouraged the manufacturers to seek better safety sensors, such as pedal angle sensors, ABS, and EBS is anticipated to boost the market growth.
Rising innovation in the automotive industry to monitor oil level is expected to positive impact on the market growth in the coming years.
Growing government initiatives to safeguard the endangered species is expected to boost the market growth.
Growing deployment of reed sensors for measurement of liquid level detection, brake pressure, tire pressure monitoring, and coolant level is projected to drive the market expansion in the coming years.
Numerous drawbacks of automotive reed switches such as susceptibility to breakage issues during installation and lower durability can restrict the market growth during the forecast period.
Rising challenges in reliability and durability of automotive reed switch users can hamper the market expansion.
Technological advancements in the automotive reed sensor and switch equipment is expected to create opportunities for the market growth.
Scope of Argentina Automotive Reed Switches/Sensors Market Report
The report on the Argentina automotive reed switches/sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Automotive Reed Switches/Sensors Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast
Applications (Cruise Control, Infotainment Systems, Safety Systems, and Others) and Vehicle Types (Passenger Cars and Commercial Vehicles)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Aleph America Corporation, Continental AG, Standex International Corp., PIC GmbH, and TE Connectivity Ltd.
Argentina Automotive Reed Switches/Sensors Market Segment Insights
Safety systems segment is projected to account for a large market share
On the basis of applications, the market is segmented into cruise control, infotainment systems, safety systems, and others. The safety systems segment is expected to constitute a key market share during the forecast period. Reed sensors have been used as an effective passive safety system to alert the driver.
These sensors are utilised to notify the driver as a passive safety device. Increasing use of reed switches for early braking and rising use of these switches to warn drivers of the possibility of a collision or accident are anticipated to fuel the market growth.
Commercial vehicles segment to expand at a substantial CAGR
In terms of vehicle types, the market is bifurcated into passenger cars and commercial vehicles. The commercial vehicle segment is anticipated to register at a substantial CAGR during the forecast period due to rising demand for safety features in commercial vehicles owing to increasing number of accidents.
The Argentina automotive reed switches/sensors market has been segmented on the basis of
- Cruise Control
- Infotainment Systems
- Safety Systems
- Passenger Cars
- Commercial Vehicles
- Aleph America Corporation
- Continental AG
- Standex International Corp.
- PIC GmbH
- TE Connectivity Ltd
Key players competing in the Argentina automotive reed switches/sensors market include Aleph America Corporation, Continental AG, Standex International Corp., PIC GmbH, and TE Connectivity Ltd.