Automotive Relay Market 2018 Key Country Analysis: Fujitsu, and Hella KGaA Hueck, Denso, American Zettler, ABB Group, Eaton

Automotive Relay Market Research Report 2018 published by “Market Research Future”, Global Automotive Headliner Market Growing Rapidly At Growth Rate Of 6.65% CAGR by the forecast period of 2023. Automotive Relay Market is segmented by Material Type (Foam backed cloth, Suede foam backed cloth, Cotton nap based cloth, Perforated Vinyl, Synthetic based cloth and Composite), Vehicle Type (Passenger and Commercial), and Regions.

Market Scenario

A relay is an electric switch that uses electromagnet to mechanically operate the switch. It is generally used when there is need to control a circuit by separating a low power signal. Automotive relay is located in the entire electrical system in the automotive where there is need to control the power. They allow a small electric current to flow through the circuit in order to control higher current circuit. Since automotive relay play an important role in the vehicle, it is essential to use high performance and long lasting components in the manufacture of automotive relay. There are several factors to be considered while choosing an automotive relay such the kind of component required, and hi amp switching. There are various types of automotive relay used in the vehicle, which includes PCB, Plug-In, High Volt, Protective, and Time relay. The automotive relay is primarily used for switching the power between circuits. They are being used since the adoption of electronic components in the passenger and commercial vehicles. There are various systems in automotive such as advance driver assistance system, and electric steering system, which use relay to control the power from one circuit to another.

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Automotive Headliner Market Key Players Analyzed in This Research:

TE Connectivity Corporation (Switzerland), Omron Corporation (Japan), Panasonic Corporation (Japan), Fujitsu (Japan), and Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), American Zettler (U.S.), ABB Group (Switzerland), Eaton Corporation plc (Republic of Ireland), Sharp Corporation (Japan), NEC Corporation (Japan), Nippon-Aleph (Japan), Daesung Electric (India), Mouser Electronics, Inc.(U.S.).

Market Segmentation:

The automotive relay market is segmented based on type, load type, electric vehicle type, and region. On the basis of type, the market is segmented based on PCB, Plug-In, High Volt, Protective, Time. PCB relay is expected to dominate the automotive relay market during the forecast period because of the increasing use of PCB relay in application such as cruise control, electric steering, power windows, and sunroof. The increased demand for PCB relay by the OEMs, has resulted in the growth of the market during the forecast period, as it can withstand heavy load. On the basis of load type, the market has been segmented as small load, medium load, and heavy load. The heavy load is expected to dominate the automotive relay market due to the ability to hold high power load in the electronic system. The capability to withstand higher power in the system have resulted in the increased use of heavy load relay in the vehicles.

Regional Analysis:

On the basis of region, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the automotive relay market during the forecast period due to the growing demand of electric vehicle in emerging countries such as India, China, and Japan. The emerging countries such as India, and China are the manufacturing hubs of the automotive industry, which have resulted in the increased production of passenger and commercial vehicles. Also the increasing demand of electric vehicles in China and Japan have resulted in the increase use of automotive relay in vehicles, which will drive the growth of automotive relay market in future. North America is expected to be the second largest region in the automotive relay market during the forecast period. In North America, there has been significant investment made by the OEMs to develop electric vehicles. The increased investment for the development of electric vehicle, will result in the growing use of automotive relay in the vehicle system. This will result in the growth of the market during the forecast period.

The automotive relay market is seeing consistent growth across all major countries. The Asia Pacific region is expected to lead the demand for automobiles the world over. Countries like India and China are considered to be the next automotive hub of the world. The Chinese economy is growing at a consistent rate due to which the vehicle production in this region is growing by 15% every year. The rise of middle class in India and increased purchase power of the automotive customers has brought many top players in the global automotive industry to India. The Europe region is traditionally known to be the oldest and the largest automobile market globally. The high purchase power of people and automakers interest to provide better and advanced features to the customers leads to intense competition in this region. The North America is known for its customers who depend almost completely on self-owned automobiles for their travel needs. The long distances required to be travelled and few options available in the public transport system makes it imperative for customers to purchase an automobile in the ratio of one by each customer. Thus, the evidently rising automotive demands predicted in the future will lead to strong growth prospects for the automotive relay market the world over.

Scope of the Report

This study provides an overview of the global automotive relay market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive relays market by its type, load type, electric vehicle type, and region

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