Press release
Companies In Global Automotive Relay Market Expedite Product Innovations To Stay At Forefront In Market: Fact.MR
In 2022, the global automotive relay market is worth US$ 16.1 billion and is predicted to exhibit expansion at a CAGR of 5.1% over the next ten years. As a result, by the end of 2032, sales revenue of the automotive relay industry is anticipated to reach US$ 26.5 billion.In 2021, Panasonic Corporation, TE Connectivity, and ANDEN (part of DENSO Corporation) cumulatively held a market share of around 49% of the global automotive relay industry.
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Key Companies Profiled
• ABB Ltd.
• BorgWarner Inc.
• DENSO Corporation
• Eaton Corporation plc
• Fujitsu Limited (Furukawa Co. Ltd.)
• HELLA GmbH & Co. KGaA
• Littelfuse Inc.
• LS Automotive India Pvt Ltd.
• Goodsky
• OMRON Corporation
• Panasonic Corporation
• Robert Bosch GmbH
• Siemens AG
• American Electronic Components
• Song Chuan Precision Company
• TE Connectivity
Key Segments in Automotive Relay Industry Research
By Vehicle Type :
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
By Product :
PCB Relays
Plug-in Relays
High Voltage Relays
Others
By Application :
Powertrain Systems
Body & Chassis
Convenience
Safety & Security
Driver Information
Others
By Region :
North America
Latin America
Europe
APAC
MEA
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Competitive Landscape
Top companies in the automotive relay industry are focusing on the development and acquisition of new technologies to create advanced automotive relays and improve their business scope on a global level.
In December 2021, TE Connectivity, a leading name in the automotive relay marketplace acquired the narrow safety relay (NSR) technology from Phoenix Contact, a German manufacturer of industrial relays and interface solutions. TE aimed to use the technology to manufacture NSR relays and bolster its product portfolio to gain a competitive edge over other market players.
More Valuable Insights on Automotive Relay Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Automotive Relay, Sales and Demand of Automotive Relay, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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Relay Market
A relay is an electrically operated switch. It consists of a set of input terminals for a single or multiple control signals, and a set of operating contact terminals. The switch may have any number of…
