Automotive Relay Market- Global Production, Growth, Demand and Forecast(2016-2028)

An automotive relay market has been witnessing growth, owing to the growing number of advanced electrical components in a vehicle. A relay is a device which works to isolate or change the state of an electric circuit from one state to another. There are two types of relays PCB and Plug in relays. PCB relays are used in different electrical applications of a car which include the doors, power steering, sunroof, ABS and so on. The plug in relays is used in the place where there are extreme heat and vibrations such as electronic fuel injection, heating and air conditioning system and so on.

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Today the automobiles manufacturers are adding more and more sophisticated features in their automobile designs. As most of the electronics use PCB relays it has the highest market share in the automotive relay market. Although, the market size of plug in relay segment is also high due to their smaller size which saves space. The stricter rules by governments for the safety of the car will help in significant growth of the relay market globally. Growing production of electrical & hybrid vehicles is also boosting the high voltage relay market as there are many electrical components used in electric and hybrid vehicles.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for automotive relay market.

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Market Segmentation:

By Type

• PCB Relay
• Plug In Relay
• High Voltage Relay

By Components

• Powertrain System
• Convenience
• Safety & Security
• Driver’s Information

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

• ABB Group
• Denso Corporation
• Eaton Corporation
• Fujitsu Limited
• Omron Corporation
• Mitsubishi Electric
• Siemens AG
• Panasonic Corporation

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.