Global Automotive Relay Market, By Type (PCB Relay, Plug In Relay, High Voltage Relay), By Component

Published Date: | Report Code : AT199988

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Global Automotive Relay Market, By Type (PCB Relay, Plug In Relay, High Voltage Relay), By Components (Powertrain System, Convenience, Safety & Security, Driver’s Information), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Automotive

Report Code : AT199988

Status : Upcoming

A growing number of advanced electrical components in a vehicle is expected to drive the growth of the automotive relay market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

A relay is a device that works to isolate or change the state of an electric circuit from one state to another.

Segment Analysis:

There are two types of relays PCB and Plugin relays. PCB relays are used in different electrical applications of a car which include the doors, power steering, sunroof, ABS and so on. The plugin relays are used in the place where there are extreme heat and vibrations such as electronic fuel injection, heating, and air conditioning system and so on.

Today the automobiles manufacturers are adding more and more sophisticated features in their automobile designs. As most of the electronics use PCB relays it has the highest market share in the automotive relay market. Although, the market size of plug-in relay segments is also high due to their smaller size which saves space. The stricter rules by governments for the safety of the car will help in the significant growth of the relay market globally. The growing production of electrical & hybrid vehicles is also boosting the high voltage relay market as there are many electrical components used in electric and hybrid vehicles.

Some of the key Impact Factors:

  • Growing number of advanced electrical components in a vehicle
  • High demand for electric & hybrid vehicles to boost the relay market

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive relay market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive relay market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive relay market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive relay market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive relay market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

ABB Group, Denso Corporation, Eaton Corporation, Fujitsu Limited, Omron Corporation, Mitsubishi Electric, Siemens AG, Panasonic Corporation…

Market Segmentation:

By Type

  • PCB Relay
  • Plug-In Relay
  • High Voltage Relay

By Components

  • Powertrain System
  • Convenience
  • Safety & Security
  • Driver’s Information

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Components
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Components
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Components
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Components
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Components
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Components

Reasons to buy this report:

  • Market size estimation of automotive relay market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/ country

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