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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 15 billion |
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Growth Rate |
CAGR of 6% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
relay type, application, ampere, vehicle type, 48V architecture, electric vehicle and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
TE Connectivity, Omron Corporation, Panasonic Corporation, HELLA KGAA HUECK & CO., Fujitsu, and Hongfa |
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Available Customization |
In addition to the market data for Automotive Relay Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Automotive Relay Market is segmented into Relay type, application, ampere, vehicle type, 48V architecture, electric vehicle (by relay type) and geography.
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