How Is Automotive Relay Market Size Gaining From Shift Towards Electric Vehicle Components?

Stringent regulatory norms pertaining to vehicle safety coupled with paradigm shift towards enhanced driving experience is anticipated to fuel automotive relay market trends over 2017-2024. Increasing utilization of electronic equipment in vehicles will further boost market growth.

Key industry players in the automotive industry have been emphasizing on technological advancements of products, which has resulted in high replacement frequency of plug-in relays with printed circuit boards (PCBs), hence supplementing market share over the coming years.

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Automotive relay provides drivers with enhanced driving experience along with greater safety. Moreover, global proliferation of smartphones coupled with increasing speed of communication is estimated to provide impetus to automotive relay market size.

How will PCB product segment contribute to market size?

PCBs (printed circuit boards) are estimated to hold over 75% of the total market volume over the forecast timespan. The product segment is expected to garner considerable proceeds in automotive relay market owing to the rising demand for compact devices across automobile industry. Additionally, PCBS are aligned with various benefits, including high current carrying capacity, which favors product penetration across use end use cases. Furthermore, due to miniaturization of the product, PCBS facilitate significant space saving, which will positively impact industry growth over the coming years. PCB manufacturers are directing continuous efforts towards innovating new products and diversifying their product portfolios in order to pursue potential business opportunities.

How will automotive relay market benefit from driver information application?

Consumers have demonstrated heightened interest towards the utilization of sophisticated automotive features such as DIS (driver information systems) for accessing information related to traffic, weather, location services, and others, which will support segmental growth in the coming years. Moreover, expanding user base of smartphones have evoked greater interest in installation of such systems, which will create a conducive environment for automotive relay market growth. As per estimates, in 2016, demand for driver information from automotive relay market crossed 200 million units.

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How will increased convenience systems demand influence market trends over 2017-2024?

Growing penetration of convenience system, such as electronic power steering, car security alarm, sunroof control and keyless entry system, which require relays extensively in order to provide efficient control, is estimated to transform automotive relay business outlook over the analysis period. Moreover, given the intensifying focus on road safety, alarmed by rising number of road accidents, vehicles are progressively being equipped with anti-lock braking systems (ABS), which is likely to further fuel automotive relay market trends through 2025.

How will Europe emerge as a pivotal growth ground for market?

Growing demand for automotive PCB relays in Europe has offered potential scope for expansion of automotive relay market size across the region. Moreover, the presence of well-established players within the continent also provides competitive advantage, which is likely to supplement industry growth. Rigorous government norms pertaining to the incorporation of safety features in vehicles, fuel efficiency standards, and replacement of outdated technologies, is estimated to fuel automotive relay industry growth over the projected time frame.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Scope, definitions, and forecast parameters
1.1.4.1 Definitions
1.1.4.2 Vehicle Production Methodology
1.1.4.3 Market Engineering
1.1.4.4 Estimated automobile production capacity of various countries in 2015
1.1.4.5 Key information gained from primary sources
1.1.4.6 To further validate our research, there had been a vivid study on automobile pricing in various countries
1.1.4.7 Forecast and parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary

Chapter 2 Executive Summary
2.1 Automotive relay industry 3600 synopsis, 2012 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends

Chapter 3 Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2012 – 2024
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.4.1 B2B
3.3.4.2 Aftermarket

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