Automotive Relay Market

Omron Corporation (Japan) and TE Connectivity (Switzerland) are the Key Players in the Automotive Relay Market

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 major relay types such as PCB, plug-in, and high voltage, have experienced growth in both developed and emerging regions, which is expected to drive the demand for automotive relays.

New product developments and expansions have been the key strategies adopted by major players in the automotive relay market from 2017 to 2019. Relay manufacturers are focusing on the development of high voltage relays for electric vehicles. For instance, in June 2018, Panasonic launched its new and compact 60A-500V high voltage relay with an improved short-circuit capacity of 4500A for 10 ms. In June 2019, Fujitsu launched its FTR-K5 Series for 6.6kW EV/PHV onboard chargers in electric and plug-in hybrid vehicles. In February 2019, Hella opened a second electronics plant in India. The new production facility in Mehsana would meet the growing demand for electronic components and strengthen proximity to local customers.

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The automotive relay market is dominated by global and regional players. TE Connectivity is expected to be a leading player in the automotive relay market. The company is a globally renowned supplier of automotive relays. The company follows strategies of new product developments and partnerships to gain a competitive edge in the automotive relay market. In April 2019, TE Connectivity signed a definitive agreement to acquire the Kissling Group of Companies, a provider of high-power relays and ruggedized switches used in the commercial vehicles, transportation, military, and aviation industries as well as other applications. In September 2018, TE Connectivity introduced CII FC-335 SERIES relays. These relays are designed for harsh inductive, motor, and lamp load applications in the aerospace, defense, and marine markets.

Omron is another leading player in the automotive relay market. The company focuses on development strategies toward emerging economies which include Southeast Asia, Latin America, East Europe, Russia, the Middle East, and South Africa. In August 2019, Omron announced its plans to expand its Shenzhen factory to 36 production lines for relays, switches, and connectors

Related Reports:

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

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Report Code
AT 5382
RI Published ON
12/4/2019
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