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Global Automotive Relay Market Insights and Major Trends Encouraging Growth Until the End of 2022 | Competition Landscape- Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation,
Fact.MR
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The promising advent of innovative products coupled with booming automobile production is fostering the growth of automotive relay market. The gains of automotive relay market can be attributed to surging demand from a myriad of applications such as automotive, industrial, trucks, and heavy equipment. Moreover, on-going diversifications in printed circuit boards (PCBs) have paved ways for replacement of complex and traditional relays, which bodes well for the automotive relay market. With increasing demand for technologies like GPS, temperature, weather, and traffic information, the installation rates of automotive relays are expected to rev up, thereby pushing growth of automotive relay market. As per the report published by Fact.MR, the automotive relay market was valued at US$ 12,030.9 Mn in 2017 and is envisioned to value around US$ 15,692.5 Mn by 2022 end.
Advent of nascence technologies in the automotive relay market might create new opportunities for the market players over the time. The capacity of automotive relays to improve the intelligent transportation framework, safety, and space consumption adds to its global demand. These innovations in automotive relay will further revamp quality, agility, production timelines, functionality, and efficacy. Also, developments in Internet of Things and semiconductors will further provide the much-needed fillip to automotive relay market over the forecast timespan. Furthermore, uncompromising government regulations regarding use of electronic safety systems such as Anti-locking Braking System (ABS) and Electronic Stability Program (ESP) for cutting down emissions are likely to augur well for the market growth.
Upswing in Adoption of Sophisticated Electronics Equipment to Actuate Growth of Automotive Relay Market
While persistent diversification of electric automotive parts has become a necessity, the demand for more number of highly-efficient relays in automotive relay market is revving up. From the standpoint of safety, relays are being heavily relied upon by a substantial margin, thereby posing striking opportunities in automotive relay market. Components equipped with exclusive characteristics such as low noise, latching, and ultra-miniaturization have attained prominence in the automotive relay market. The aforementioned demand is for the sake of providing switching technology keeping up with the latest electronic functions in a car. Going forward, the average count of relays installed per vehicle is foreseen to reach new heights on the backdrop of increased concerns for safety, thereby driving the automotive relay market. Moreover, rising call for sophisticated electronics equipment for flawless performance is one of the preeminent factors pushing growth of automotive relay market. Thriving developments in PCB relays to bring down the vehicular weight and bolster the fuel efficiency is anticipated to provide a stimulus to growth of automotive relay market.
Fact.MR’s study on Automotive Relay Market is comprehensive – 170 pages, 287 tables, and 87 figures- https://www.factmr.com/report/18/automotive-relay-market
Inadaptability in Embracing New Technologies to Pose Major Challenges in Automotive Relay Market
The cognizance regarding shift to latest technologies among vehicle suppliers and OEM’s is believed to arise soon. Meteoric inventions such as FCEV and BEV have been introduced, yet manufacturers in automotive relay market are reluctant to consider these to keep up with the new age requirements. This reluctance of key industry participants of automotive relay market to embrace the new technologies might limit growth of automotive relay market. Having said that, incorporating microprocessors in relays has been emerged as a latest trend influencing the automotive relay market. Microprocessor based numerical relay is another rapidly evolving type in the automotive relay market, which facilitates flawless communication. Such product innovations need to be leveraged by manufacturers in automotive relay market to attract a larger customer base.
Additional Questions Answered
Have automotive relays partially overpowered conventional manual switches or still there is a long way to go?
What efforts are the manufacturers in automotive relay market making to leverage on increasing demand for EVs and hybrid cars?
Which segment will lead in automotive relay market in terms of share, PCB relay and plug-in relay?
How will increasing vogue for premium and mid-priced passenger cars impact the automotive relay market?
Competitive Dynamics
The current ecosystem of automotive relay market is witnessing an exceptional competition among the key industry participants for attaining domination in automotive relay market. This has led to surging consolidation through initiatives such as alliances and acquisitions in the automotive relay market. Some of the major players operating in automotive relay market and included in this report are Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG.
Table of Content:
Chapter 1. Global Automotive Relay Market - Executive Summary. 26
Chapter 2. Global Automotive Relay Market Overview. 28
2.1. Introduction. 28
2.1.1. Global Automotive Relay Market Taxonomy. 28
2.1.2. Global Automotive Relay Market Definition. 28
2.2. Global Automotive Relay Market Size (US$ Mn) and Forecast, 2012-2022. 28
2.2.1. Global Automotive Relay Market Y-o-Y Growth. 28
2.3. Global Automotive Seat Market: Macroeconomic Factors. 29
2.3.1. Economic Outlook. 29
2.3.2. Profitability of Enterprises. 29
2.3.3. Inflation and Deflation. 30
2.3.4. Increasing Purchasing Power of Middle Class. 30
2.3.5. Complex Eco System. 30
2.3.6. Risk Mitigation. 30
2.4. Global Automotive Seat Market: Impact Factor Analysis. 31
2.4.1. Shift toward Green Technology. 31
2.4.2. The Influence of China. 31
2.4.3. Dilemma on Shift to New Technologies. 31
2.4.4. Increasing R&D expenditure. 31
2.5. Supply Chain. 32
2.6. Cost Structure. 33
2.7. Key Participants Market Presence (Intensity Map) By Region. 33
Chapter 3. Global Relay Market Analysis and Forecast By Product Type. 34
3.1. Global Automotive Relay Market Size and Forecast By Product Type, 2012-2022. 34
3.1.1. PCB Relay Automotive Relay Market Size and Forecast, 2012-2022. 34
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 34
3.1.1.2. Market Share Comparison, By Region. 35
3.1.1.3. Y-o-Y growth Comparison, By Region. 36
3.1.2. Plug-in Relay Automotive Relay Market Size and Forecast, 2012-2022. 36
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 36
3.1.2.2. Market Share Comparison, By Region. 38
3.1.2.3. Y-o-Y growth Comparison, By Region. 38
Chapter 4. Global Automotive Relay Market Analysis and Forecast By Vehicle Type. 40
4.1. Global Automotive Relay Market Size and Forecast By Vehicle Type, 2012-2022. 40
4.1.1. PC Automotive Relay Market Size and Forecast, 2012-2022. 40
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 40
4.1.1.2. Market Share Comparison, By Region. 41
4.1.1.3. Y-o-Y growth Comparison, By Region. 42
4.1.2. LCV Automotive Relay Market Size and Forecast, 2012-2022. 43
Continued………
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