Take Up Global Automotive Relay Market Opportunities with Clear Industry Data – Includes Automotive Relay Market Research
The Business Research Company’s report goes into great detail on the automotive relay market size and growth, automotive relay market regional analysis, automotive relay market competitive landscape, and other critical information needed to excel in the automotive relay industry.
Major players in the automotive relay market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
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%.
Asia-Pacific was the largest region in the automotive relay market in 2021.
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.
The increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive relays market going forward.
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.
TBRC’s Global Automotive Relay Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Automotive Relay Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the automotive relay market globally and regionally, analyzes and forecasts market size, share, automotive relay market players, automotive relay market segments, leading competitor revenues, profiles and market shares.
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