Automotive Relay market size is estimated to be valued over US$ 13,103 million in 2019 and will register a CAGR of 5.7% between 2018 and 2028.
Automotive relay are fitted in almost every motor vehicle and are used to enable low amperage circuit to switch on or off a higher amperage circuit. Higher sales of automotive and significant replacement rate is driving the demand for automotive relay market worldwide. Nowadays, automotive are fitted with complex electronic parts, thereby, the demand for relay has increased proportionally for switching purpose. Furthermore, technological advancement and advent of electric vehicles will propel the growth of automotive relay. As such, number of relay per automotive vehicle is expected to increase during the forecast period.
The industry is dominated by large number of small and midsize players having their manufacturing operations located close to automotive belts. Majority of the companies are located in East belt of China and South East Asia.
Automotive Relay Market Value Analysis, By Product Type
Printed circuit board (PCB) accounted for the highest revenue share in 2017. PCB relay are used across various automotive vehicles due to its capability of switching currents up to 200A for system voltage up to 24V. These can be seen in ABS breaking systems, headlights, engine control, blower and cooling fans. PCB will register a CAGR of 4.9% during the forecast period – thereby creating substantially higher revenue opportunity for 2028.
Plugin relays accounted for less than 34% of global share. They have a very crucial role in automotive systems where there is need to handle high temperatures and voltage fluctuations.
Global Automotive Relay Market Size and Forecast: Regional Analysis
Asia Pacific accounted for 46% of global automotive relay market share in 2017. The region is characterized by the presence of large number of automotive production centers especially located in china, Japan, and India. Increasing demand for e-fuse along with easy availability of raw materials and cheap labor cost has created favorable environment for players. Asia Pacific continues to race ahead of rest of the world owing to sheer size of production facilities.
Western Europe stands next to Asia Pacific. The region is primarily driven by higher automotive productions in Germany and UK. In 2017, Germany and UK collectively accounted for 53% of total global sales.
Global Automotive Relay Market Size and Forecast: Competition Landscape
Some key automotive Relay market players are:
- ABB Ltd.
- Idec Corporation
- Littelfuse Inc.
- Daesung Electric
- Omron Corporation
- Sharp Corporation
- TE Connectivity
- NEC Corporation
By Vehicle Type:
- Gasoline Based Vehicles
- Electric Vehicles
- Solar Vehicles
By Product Type:
By Application Type:
- Powertrain Systems
- Body and Chassis
- Safety and Security
- Driver Information
What Will You Discover in the Report?
- An in-depth analysis of the Automotive Relay market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Automotive Relay market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Automotive Relay market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Automotive Relay industry during the forecast period
- Who are the Automotive Relay industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Automotive Relay Industry Suppliers
- Automotive Relay Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
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