Automotive Relay Market

Automotive Relay Market worth $21.8 billion by 2027

The report "Automotive Relay Market by Type (PCB, Plug-In, High Voltage, Protective, Signal, Time), Ampere (5A-15A, 16A-35A, >35A), Application, Vehicle Type, EV Relay Type (Main, Precharge, Quick Charge, Normal, HV), 48V Relay, and Region - Global Forecast to 2027" The automotive relay market is projected to grow to USD 21.8 billion by 2027 from USD 14.2 billion in 2019, at a CAGR of 5.5%. The increasing demand for safety, luxury, and comfort and increasing electric vehicle sales will drive the growth of the automotive relay market.

Browse 160 Market Data Tables and 54 Figures spread through 190 Pages and in-depth TOC on "Automotive Relay Market by Type (PCB, Plug-In, High Voltage, Protective, Signal, Time), Ampere (5A-15A, 16A-35A, >35A), Application, Vehicle Type, EV Relay Type (Main, Precharge, Quick Charge, Normal, HV), 48V Relay, and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-relay-switche-market-13970338.html

HEV is estimated to hold the largest share in the electric vehicle relay market

Increased tail pipe emissions have triggered stringent emission and fuel efficiency regulations. There would be an increased focus from OEMs on electric vehicles to curb these emissions.

The power supply circuit of electric vehicles must be equipped with high voltage DC relays with very strong arc extinguishing abilities of the safety interruption equipment. In BEVs, the combustion engine gets replaced with an electric motor. On the other hand, HEVs have a combustion engine in addition to the electric motor and battery. Hence, the number of relays in HEVs would increase more than BEVs and PHEVs. Therefore, the HEV segment is estimated to hold the largest share in the electric vehicle relay market in 2019.

LCV is estimated to be the fastest growing vehicle segment in the automotive relay market

North America is set to witness high growth in LCV production. According to MarketsandMarkets analysis, in the US, LCV production is projected to grow at a CAGR of 3.6%. OEMs are focused on adding premium electronic features in LCVs such as sunroof, starter motor, and power seats, which influence the LCV relay market. Hence, the LCV relay market would grow at the fastest CAGR during the forecast period.

North America r is estimated to be the fastest growing automotive relay market

The North American automotive industry is considered as one of the fastest growing industries globally. It is dominated by domestic OEMs such as Chrysler, Ford, and General Motors along with some established European and Japanese OEMs. This region is one of the most technologically advanced automotive sectors. The demand for premium cars with extensive electronic components is more in North America. This is mainly because of the high standard of living and high per capita income of the population. Furthermore, government regulations pertaining to vehicle emissions and safety are very stringent. The demand for safe and secure vehicles would drive the growth of the relay market in North America.

The automotive relay market is dominated by global players and comprises several regional players as well. The key players in the automotive relay market are TE Connectivity (Switzerland), Omron Corporation (Japan), Panasonic Corporation (Japan), HELLA KGAA HUECK & CO. (Germany), Fujitsu (Japan), and Hongfa (China

Don’t miss out on business opportunities in Automotive Relay Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
AT 5382
PR Published ON
6/12/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Relay Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home