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Automotive Relay - Global Market Outlook (2018-2027)

Automotive Relay - Global Market Outlook (2018-2027)

4.7 (56 reviews)
Published: December 2019 ID: SMRC18882
4.7 (56 reviews)
Published: December 2019 ID: SMRC18882

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Relay market is accounted for $13.20 billion in 2018 and is expected to reach $25.32 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth are rising sales of electric and hybrid vehicles and growing demand for safety and comfort. However, lack of standardization in relay design is the restraining factor for the growth of the market.

Automotive relay allows a small current flow circuit to control a higher current in the automobiles. Power relays, mini relays, micro relays, relay connectors, and solid state relays are some of the different types of relays. They act as a switch and are used to switch connections between various circuits. They consist of an electromagnet, wherein the input current causes the coil to generate a magnetic field, which causes the contacts to meet, and thus, the circuit is established. If the input voltage is insufficient, then the contacts may not come together, due to the weak magnetic field. 

By relay type, Printed Circuit Board Relay (PCB) segment is expected to grow at the significant market share during the forecast period due to the rising demand for electronic control modules and components which has lead to the requirement for smaller devices that are capable of carrying large amount of current loads. It also saves space in the automobile junction box. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to increasing disposable income that has changed consumer buying preferences. Consumers are demanding advanced technologies and features in vehicles which lead to the usage of relays, thereby driving the market.

Some of the key players in Automotive Relay Market include ABB, Denso, Fujitsu, Goodsky, Hella KGaA Hueck & Co, Hongfa, Littelfuse, LS Automotive, Mitsuba Corporation, Omron Corporation, Panasonic, Robert Bosch, Siemens Ag, Song Chuan Precision Company and TE Connectivity.

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket 

Relay Types Covered:
• High Voltage Relay
• Operational Data
• Plug-In Relay
• Printed Circuit Board Relay (PCB)
• Protective Relay
• Signal Relay
• Time Relay 

Vehicles Covered:
• Electric Vehicles
• Heavy Commercial Vehicle (HCV) 
• Light Commercial Vehicle (LCV)
• Passenger Car

Load Types Covered:
• Large Load
• Medium Load
• Small Load

Amperes Covered:
• 5a–15a Relay
• 5 >35a Relay
• 16a–35a Relay

Applications Covered:
• Ab Module
• Air Conditioner
• Anti-Brake System (ABS)
• Body & Chassis
• Capacitive loads
• Central Lock
• Clutch
• Convenience
• Cooling Fan
• Door Lock
• Driver Information System 
• Electronic Power Steering (EPS)
• Engine Management Module
• Filter Capacitors
• Fog Light
• Front And Rear Beam
• Fuel Injection
• Heating, ventilation, and air conditioning (HVAC)
• Inductive Loads
• Lamps/Lights
• Lighting
• Locking System
• Power Seat
• Power Windows
• Powertrain Systems
• Resistive Loads
• Safety & Security
• Solenoids, Motors & Pumps
• Starter
• Sunroof
• Traction Control System

Regions Covered:

• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK  
o Spain 
o Rest of Europe       
• Asia Pacific
o Japan        
o China        
o India        
o Australia        
o New Zealand       
o Rest of Asia Pacific
• South America 
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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