Automotive Relay Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast till 2022

A freshly compiled business intelligent report, titled “Automotive Relay Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Automotive Relay” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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The consistency of an automotive relay has an unswerving effect on an automobile’s safety and reliability. Before it hits the road, a typical vehicle is equipped with dozens of automotive relays that collectively enhance the vehicle’s drivability. Owing to their convenience, automotive manufacturers have thoroughly replaced conventional manual switches with automotive relays. Meanwhile, OEMs are testing the sustainability of their offerings by developing automotive relays that can withstand extreme temperatures without incurring inefficiency. Although, designers of automotive relays are concerned about keeping the power supply costs to a minimum. With surging sales of EVs and hybrid cars, automotive relay manufacturers are likely to develop ways in which heat generated by energized relay coils gets reused in powering car batteries or electric engines.

Automotive relays are electrically-operated switches that use electromagnets for mechanically operating a switch. Automotive relays are primarily available in two designs – Single-Pole, Single-Throw (SPST) and Single-Pole, Double-Throw (SPDT). Automotive relays can be produced in all shapes and sizes, and are generally used to enable a low amperage circuit that can switch on instruments such as headlights or A/C vents.

Scope

The scope of the report is to analyze the global automotive relays market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive relay manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

PCB relay and Plug-in relay have similar share in automotive relay market

The PCB relay segment of the automotive relay market is anticipated to grow with a robust CAGR and reach a value of US$ 9.3 billion in 2022. The revenue share of PCB relay segment is expected to gain traction at the end of 2017, while that of plug-in relay will also witness marginal changes. The plug-in relay segment should grow at a moderate CAGR and rise to a market value of US$ 6.4 billion at the end of the forecast period. APEJ is the largest regional contributor for both PCB relays and plug-in relays and it accounts for more than two-fifth of the automotive relay market in either case.

PC most lucrative by vehicle type in automotive relay market

The PC segment of the automotive relay market is predicted to touch an impressive value over the course of the five year study, from US$ 8 billion in 2017 with a steady CAGR. The revenue share of PC segment is larger than both LCV as well as HCV’s. APEJ represents the largest opportunity for PC segment in the automotive relay market as it is estimated to cross US$4.4 billion within five years. The LCV segment on the other hand, is projected to be worth slightly under US$ 4 billion in 2022. However, it would not be wise to entirely overlook the HCV segment in favour of PC’s and LCV’s as it also represents a healthy incremental opportunity in 2022. Even though it has a comparatively smaller revenue share, key stakeholders can derive customized products for HCV customers and achieve the desired level of success.

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High CAGR in powertrain segment makes segment more attractive

The powertrain segment of the automotive relay market is likely to grow at a healthy CAGR from 2017-2022, making it more attractive for key stakeholders when compared to body and chassis, driver information system, and safety and security applications. With a relatively large revenue share and a potential market size of US$ 1.5 billion in APEJ alone by the end of the forecast period, manufacturers are naturally focusing their attention on powertrains.

Competition Tracking

Delphi Automotive Plc., HELLA KGaA Hueck & Co., Eaton Corporation PLC, TE Connectivity Ltd, Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG are key companies in the global automotive relay market, which are comprehensively profiled in the report.

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