Automotive Relay Market Size - Industry Share Report 2022

Automotive Relay Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

The automotive relay market is projected to grow at a CAGR of 6.20% during the forecast period, to reach a market size of USD 16.75 billion by 2022. Automotive electronics play an important role in maintaining fuel efficiency, safety standards, comfort, and connectivity. Hence, OEMs are focused towards the modernization of vehicle. As a result, the mechanical operations of a vehicle are getting replaced by electronic systems. These include airbags, anti-lock brake controls, wiper controls, and others. The demand for electronics systems is driving the automotive relay market. On the other hand, the unavailability of a standard relay design is a restraint for the automotive relay market as relays can be categorized by terminal arrangements and different functions. Due to this flexibility, a relay can be designed according to its usability. Hence, OEMs develop automotive relays by adhering to their standards of relay specification.

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PCB relays are projected to lead the automotive relay market, in terms of volume and value, during the forecast period. Automakers are seeing demand for smaller devices that are capable of carrying greater current loads. The main reason for using PCB relays is its miniaturized size, which saves considerable space in the automobile junction box. The major applications where PCB relays are employed are ABS, cruise control, doors, power steering, power windows, sunroof, and others. Asia-Oceania and Europe are estimated to be the fastest growing markets for PCB relay. Asia-Oceania has the highest market share in the automotive relay market.

The premium car segment holds the largest share of around 35%–40% in the automotive relay market. OEMs are focusing on additional features in the areas of infotainment, telematics, and safety. These features will add to the electronic content of a vehicle, and efficient designing and packaging of electronic content will give superior performance with reduced weight. This will also help to increase the fuel efficiency of the vehicle. In countries such as Germany and the U.S., the penetration of premium cars is higher as compared to other countries owing to the high disposable income levels of individuals and presence of major automotive OEMs such as Volkswagen AG, Audi, BMW, General Motors, Chrysler, and others. A premium car, on an average, employs 100–150 relays, and mid-priced car employs 50–70 relays, which help in performing the electronic applications. Hence, the premium car relay market is the largest among all the vehicle segments.

Breakdown Of Primaries

The study contains insights provided by various industry experts, ranging from automotive OEMs to automotive relay suppliers. The break-up of the primaries is as follows:
• By Company Type: Tier-I - 60%, Tier-2 - 30%, and Others*-10%
• By Designation: D level - 45%, C-level- 35%, and Others**- 20%
• By Region: Europe - 45%, Asia-Pacific - 25%,North America-20%, and RoW- 10%

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Key Points From Table Of Content:

12 Company Profiles

(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
12.1 Te Connectivity Corporation
12.2 Omron Corporation
12.3 Panasonic Corporation
12.4 Fujitsu
12.5 Hella KGaA Hueck & Co.
12.6 Denso Corporation
12.7 Delphi Automotive LLP
12.8 ABB
12.9 Eaton
12.10 Robert Bosch GmbH
12.11 Siemens AG
12.12 Alstom
12.13 Mitsuba Corporation
12.14 NEC Corporation

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Research Coverage:

The report provides a picture of the automotive relay market across different verticals and regions. It aims at estimating the market size and future growth potential of the automotive relay market, by relay type, by load type & application, by vehicle type, by region, by EV relay market and 48V relay market. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, Vendor DIVE matrix, recent developments, and key market strategies.

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This release was published on openPR.