Global Automotive Relays Market Top Leading Players with Strategies and Forecast 2028
The global automotive relays market is segmented based on type and application. Based on the type, the market is sub-segmented into PCB relay and plug-in relay. Among these types, the plug-in relay segment is expected to propel the growth of the market. Solid-state plug-in relays are in great demand as they can handle large-rated currents (50A-80A) and low operating voltages (less than 400V), just like electromechanical relays. Plug-in relays, in addition to having a longer service life, have a simple design structure and are lightweight, making them a good substitute for heavy electromechanical relays. Automobiles use solid-state plug-in relays for a variety of applications, including electrically heated catalytic converters, fuel pumps, radiator fans, headlights (low and high versions), and defoggers, among others. Based on the application, the market is sub-segmented into locking systems, engine management modules, lamps/lights, power windows, sunroofs, abs control, and others.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, TE Connectivity announced that the company acquired narrow safety relay (NSR) technology from Phoenix Contact Ltd. With this technology acquisition, TE Connectivity will now be involved in manufacturing and marketing NSR relays.
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The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Rest of the World
Competitive Landscape- Robert Bosch GmbH, Denso Corp., Fujitsu Ltd., Panasonic Corp., MITSUBA Corp., TE Connectivity, Omron Corp., Hella KGaA Hueck & Co., and Nidec Corp.,among others.
A full report is available at: https://orionmarketreports.com/global-automotive-relays-market/109282/
Global Automotive Relays Market Report by Segment
Engine Management Module
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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