Press release
Global Automotive Relay Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Automotive Relay Market
What Is the Automotive Relay Market Size and Projected Growth Rate?
In the last few years, the automotive relay market has seen robust growth. The projected increase is from $17.56 billion in 2024 to $18.77 billion in 2025, representing a compound annual growth rate (CAGR) of 6.9%. The unprecedented growth during the historical period can be linked to evolving consumer tastes, government regulations, a surge in the use of electric vehicles, a rise in demand for luxury cars, and the increasing intricacy of vehicle electrical circuits.
In the coming years, the automotive relay market size is poised for substantive expansion, potentially reaching $25.61 billion by 2029, propelled by an 8.1% compound annual growth rate (CAGR). Factors such as escalating demand for connected car tech, the incorporation of advanced driver assistance systems (ADAS), the emphasis on vehicle electronics' energy efficiency, the creation of intelligent, self-diagnosing relays, and a sharp focus on safety enhancements and performance are credited with driving growth in this period. Over the forecast period, key trends to note will include the miniaturization of relay components, embracing solid-state relay technology, rising usage of smart and programmable relays, cybersecurity's integration into relay systems, and advances in technology.
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What Are the Major Segments in the Automotive Relay Market?
The automotive relay market covered in this report is segmented -
1) By Product: PCB Relays, Plug-In Relays, Other Products
2) By Relay Type: Solid State Relays (SSR), Hybrid, Electromechanical
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles
4) By Application: Powertrain Systems, Body And Chassis, Convenience, Safety And Security, Driver Information
Subsegments:
1) By PCB Relays: Surface Mount PCB Relays, Through-Hole PCB Relays
2) By Plug-In Relays: Miniature Plug-In Relays, Standard Plug-In Relays, Power Plug-In Relays
3) By Other Products: Solid State Relays (SSRs), Automotive Relay Modules, Electromechanical Relays
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What Are The Driving Automotive Relay Market Evolution?
The anticipated increase in the manufacture of both commercial and passenger vehicles is touted as a significant determinant of the future growth of the automotive relay market. Passenger vehicles transport individuals while commercial vehicles are utilized for circulating larger groups for commercial objectives. The extensive production of these vehicles necessitates the involvement of an array of automotive parts including automotive relays, in turn, promoting the growth of the market. In August 2024, the European Automobile Manufacturers' Association, a Belgian organization, reported a 3.9% increase in new car registrations over the first seven months of the year, taking the total to over 6.5 million units. Major European markets showed signs of small but positive growth with Spain posting a rise of 5.6%, Italy at 5.2%, Germany at 4.3%, and France at 2.2%. Consequently, this escalation in vehicle production is bolstering the expansion of the automotive heat exchanger market.
Which Firms Dominate The Automotive Relay Market Segments?
Major companies operating in the automotive relay market include Fujitsu Ltd., Denso Corporation, Panasonic Corporation, Tyco Electronics Connectivity Ltd., Omron Corporation, HELLA GmbH & Co KGaA, Littelfuse Inc., Microchip Technology Inc., Robert Bosch GmbH, Eaton Corporation plc, Asea Brown Boveri Ltd., Sharp Corporation, Nippon Electric Company Ltd., Daesung Electric Co. Ltd., Mouser Electronics Inc., Delphi Technologies plc, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Picker Components, Song Chuan Precision Co. Ltd., Nidec Corporation, American Zettler Inc., Kyosan Electric Manufacturing Co. Ltd., Ningbo Forward Relay Corporation Ltd., Jideco Co. Ltd., Sanyou Corporation, Guizhou Space Appliance Co. Ltd., Yoto Electric Co. Ltd.
What Trends Are Expected to Dominate the Automotive Relay Market in the Next 5 Years?
Product innovation has become a trending approach in the automotive relay market to enhance popularity. Major entities participating in this market are focusing on creating innovative product lines to consolidate their market positioning. For example, a Japanese technology firm, Fujitsu, rolled out a 30A Automotive Relay called FTR-G3 in April 2023. It has the distinction of being the smallest automotive relay in the 30A class. Its unique design allows it to switch 30A of current while being encased in a compact, plastic-sealed package measuring only 6.6 mm x 13.7 mm x 14 mm. The space-efficient design with its 30A fuse rating of this relay makes it the perfect choice for managing power windows, defoggers, seat heaters, lamps, and wipers. It features a high contact capacity, with the ability to function at a minimum of 100,000 operations at 14VDC and 30A, and can operate effectively in temperature conditions ranging from -40°C to 125°C. The estimated power consumption is roughly 640mW at a 20°C temperature.
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Which Is The Largest Region In The Automotive Relay Market?
Asia-Pacific was the largest region in the automotive relay market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive relay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Relay Market?
2. What is the CAGR expected in the Automotive Relay Market?
3. What Are the Key Innovations Transforming the Automotive Relay Industry?
4. Which Region Is Leading the Automotive Relay Market?
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Table of Contents:
Table of Contents
1 Study Coverage
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