Automotive Relay Market - Trends Forecast Till 2028

Automotive Relay Market, by Type (PCB, Plug-In, High Voltage, Protective, Signal, Time), Ampere (5A-15A, 16A-35A, >35A), Application, Vehicle Type, EV Relay Type (Main, Precharge, Quick Charge, Normal, HV), 48V Relay and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AU-ARM-498

Format:  

Number of Pages: 370

Domain: Automotive

Automotive Relay Market – Trends Forecast Till 2028

The global Automotive Relay market size is projected to reach USD 22 billion by 2026 at a CAGR of 6% from USD 15 billion in 2021 during the forecast period 2021-2028.

An automotive relay is a common type of electromechanical relay often used in almost all types of vehicles like cars, trucks, vans and trailers. They enable a small current flow circuit to control a higher current circuit in a vehicle.

Due to an increased demand for safety and comfort along with the surge in sale of electric and hybrid vehicle are some of the factors that have supported long-term expansion for Automotive Relay Market.

Automotive Relay Market Analysis

Asia Pacific is expected to be the largest market during the forecast period. The surge in number of vehicle production is the reason to dominance of market in the region.

Automotive Relay Market is segmented into Relay type, application, ampere, vehicle type, 48V architecture, electric vehicle (by relay type) and geography.

On the basis of Type

  • PCB relay
  • Plug-in relay
  • High voltage relay
  • Protective relay
  • Signal relay
  • Time relay

On the basis of Application

  • Door lock
  • Power windows
  • Sunroof
  • Powered & heated seats
  • Electronic power steering (EPS)
  • Exterior lighting
  • Fuel injection
  • Air conditioner
  • Anti-brake system (ABS)
  • Traction control system
  • Colling fan control
  • Engine management modules

On the basis of Ampere

  • 5A–15A
  • 16–35A
  • >35A

On the basis of Vehicle and Relay Type

  • Passenger Car
    • PCB relay
    • Plug-in relay
    • High voltage relay
    • Protective relay
    • Signal relay
    • Time relay
  • Light Commercial Vehicle
    • PCB relay
    • Plug-in relay
    • High voltage relay
    • Protective relay
    • Signal relay
    • Time relay

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Automotive Relay Market Primary Respondent

 

Key Players

  • TE Connectivity
  • Omron Corporation
  • Panasonic Corporation
  • HELLA KGAA HUECK & CO.
  • Fujitsu
  • Hongfa

Recent Developments

  • In November 2018, Panasonic Industry Europe signed a partnership with distributor Bürklin Elektronik which is known for providing high-quality electronic components and will offer electronic components like capacitors, resistors, switches, relays, PhotoMOS, PIR motion sensors, and solar cells as well as factory sensors, fans, temperature controller, timer, and counter to Panasonic Industry Europe.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Automotive Relay market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 15 billion

Growth Rate

CAGR of 6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

relay type, application, ampere, vehicle type, 48V architecture, electric vehicle and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

TE Connectivity, Omron Corporation, Panasonic Corporation, HELLA KGAA HUECK & CO., Fujitsu, and Hongfa

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