Global Automotive Relay Market Outlook, Opportunities And Strategies – Includes Automotive Relay Market Size
Learn about the global automotive relay market through The Business Research Company, which provides information on automotive relay market size, automotive relay market drivers and restraints, automotive relay market players, the COVID-19 impact on the automotive relay market, and more.
The global automotive relay market size is expected to grow from $13.72 billion in 2021 to $15.20 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global automotive relays market size is expected to grow to $19.83 billion in 2026 at a CAGR of 6.9%.
The increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive relays market going forward.
The automotive relay market consists of sales of the automotive relays by entities (organizations, sole traders, and partnerships) that use electromagnetism to operate a higher current circuit in automobiles. The automotive relays are electronically operated switches that open and close circuits electronically. It is designed for DC voltages in retainment systems and passenger consolation that can control power levels in adverse environments.
Global Automotive Relay Market Segments Include:
By Product: PCB Relays, Plug-In Relays, Others
By Relay Type: Solid State Relays (SSR), Hybrid, Electromechanical
By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles
By Application: Powertrain Systems, Body and Chassis, Convenience, Safety and Security, Driver Information
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the automotive relay market in 2021.
Product innovations have emerged as the key trend gaining popularity in the automotive relay market. Major players operating in the automotive relay market are developing innovative products to strengthen their position.
Major Market Players: Fujitsu Ltd., Denso Electronics Corporation, Panasonic Corporation, TE Connectivity, Omron Corporation, HELLA GmbH & Co. KGaA, Littelfuse Inc, Microchip Technology Inc., Robert Bosch GmbH, Eaton Corporation PLC, ABB Ltd, Sharp Corporation, NEC Corporation, Daesung Electric, and Mouser Electronics Inc
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Automotive Relay Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive relay market overviews, analyzes and forecasts market size, share, automotive relay market players, automotive relay market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive relay market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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