openPR Logo
Press release

Automotive Relay Market Trend to 2024 Profiling ABB, TE Connectivity, Cynergy3 Components Corporation, Denso Corporation, Fujitsu

01-29-2018 02:29 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

/ PR Agency: Market Study Report
Global Automotive Relay Market is Projected to grow at 4% CAGR during the period 2017-2024. Automotive Relay Industry research report also provides granular analysis of the market share, Size, segmentation, revenue forecasts and geographic regions of the market.

Continuously rising demand for innovative products along with growing automobile production is boosting the industry growth over the forecast timespan. Industry gains are credited to advancements in miniaturization and high contact capability development to address limitations during its employment in the vehicles' ECU. Ongoing developments in printed circuit boards (PCBs) have led to replacement of complex and traditional relays. Technological advancements also support in weight reduction and ease of installation.

Automotive Relay Market is estimated to surpass USD 18 billion by 2024; according to a new research report.

Request a Sample Copy of Global Automotive Relay Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467754//?utm_source=OPR-SP

Government norms to enhance safety and security will generate revenue over the projected time span. Mandating on the installation of automobile safety systems is anticipated to fuel the industry. Several regulatory bodies such as National Highway Traffic Safety Administration (NHTSA) in the U.S. has addressed on obligatory installation of these security devices in the vehicles. European Directives regarding incorporation of road safety features into automobiles and fuel efficiency standards will further gain advantage in the industry revenue generation. Additional number of relays are required for ensuring total road safety and is likely to drive the automotive relay market.

Advent of nascence technology in the automobile industry may introduce advanced electronic device in the next eight years. This product improves the intelligent transportation systems, automobile safety, and space consumption. Innovations will aid in improving quality, flexibility, production time tables, functionality, and efficiency. Developments in Internet of Things and semiconductors will further drive the industry demand over the study period.

Convenience systems holds the highest industry revenue share and will continue its dominance over the forecast timeframe. The modern HVAC systems in vehicles are equipped with numerous switches for the ease of driver. In 2016, convenience systems accounted for over 34% of the automotive relay market share in terms of unit shipments.

Enquire Discount on Global Automotive Relay Market Research Report @ https://www.marketstudyreport.com/check-for-discount/467754//?utm_source=OPR-SP

Electronic power steering is one of the convenience system that witnesses high product adoption rate owing to its specifications such as large switching capacity, space saving, compact, and high level of compatibility. Due to these notable features, the product acceptance is also high in other convenience applications including infotainment, interior lights, and keyless entry systems, supporting the automotive relay market dominance over the forecast time line.

Powertrain systems are anticipated to account for approximately 23.5% industry revenue share over the forecast timeline owing to high usage of plug-in relays in these systems. Plug-in relays are preferred in powertrain systems due to its features such as ability to sustain in elevated temperatures, fluctuations, and vibrations. The powertrain systems are susceptible to frequent voltage fluctuations along with high surge loads, thus require high switching capacity, and escalating the industry demand over the next eight years.

Asia Pacific is anticipated to dominate the industry revenue share over the forecast timeframe. This growth is attributed to increased vehicle manufacturing across the region, especially in emerging economies including India, China, and Indonesia. China is a substantial contributor in the regional industry revenue generation. Increasing automobile production coupled with rising domestic demand will propel the country's share over the projected time span.

North America industry was valued at over USD 2 billion in 2016 and is expected to exhibit 5% CAGR in the projected time line owing to the matured automobile industry in the region. Moreover, the presence of well-established players will strengthen the regional business position over the next eight years. Rising product aftermarket demand from countries like Mexico will further induce immense potential to the automotive relay market growth rate till 2024.

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/automotive-relay-market/?utm_source=OPR-SP

ABB, TE Connectivity, Cynergy3 Components Corporation, Denso Corporation, Fujitsu, Eaton Corporation, Omron Corporation, Littelfuse, and NEC Corporation are among the prominent players in the automotive relay market share. Other notable players include Idec Corporation, Panasonic Corporation, Relpol, Sharp Corporation, Salzer Electronics, Microsemi Corporation, and Rectifier Corporation.

Industry players witness intense competition owing to design expertise, innovation, and strong distribution channels. Players focus on product enhancement that will lead to efficient automobile functioning and improves driver experience. Many automakers have substantially improved fuel efficiency and reduced carbon footprint as a corporate priority.

Order a copy of this premium research report @ https://www.marketstudyreport.com/securecheckout/paymenta/467754/?msfpaycode=sumsf/?utm_source=OPR-SP

Related Reports: -
2017 Global and Regional Automotive Relay Market Research Report Forecasts 2022
This report focus on Global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from Global and major regions such as Europe, North American, South American, Asia (Excluding China), China and etc.
https://www.marketstudyreport.com/reports/2017-global-and-regional-automotive-relay-market-research-report-forecasts-2022//?utm_source=RR-SP

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Relay Market Trend to 2024 Profiling ABB, TE Connectivity, Cynergy3 Components Corporation, Denso Corporation, Fujitsu here

News-ID: 920863 • Views: 374

More Releases from marketstudyreport.com

What are the Growth Drivers of Healthcare Data Interoperability Market? Epic, Or …
MarketStudyReport.com offers 2019 report on global Healthcare Data Interoperability market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025. Asia Pacific healthcare data interoperability market was valued around USD 440 million in 2018. Positive regulatory scenario for interoperability software in APAC region keeps the entry barrier low for new
What's driving the Solar District Heating Market Trends? Savosolar. Goteberg Ene …
Market Study Report, LLC’s, latest study on ‘Solar District Heating market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisely expounds key challenges and future growth prospects of the market, while highlighting the current competitive scene and analyzes the expansion strategies adopted by leading market players. Solar District Heating Market share is set to surpass USD
What's driving the Structural Steel Market trends? Gerdau S.A, ArcelorMittal, Ta …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Blockchain Technology Market Trends? Deloitte, BTL Group Ltd. …
A detailed study on ‘Blockchain Technology Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in

All 5 Releases


More Releases for Corporation

Global Gaming Market 2018 - Microsoft Corporation, Nintendo Co., Ltd., Rovio Ent …
The global Gaming market research report 2019 -2023 proposes a thorough analysis of the Gaming market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Gaming market report provides a wide-range of Gaming market segmentation Console , Mobile , Computer , , . Get Request
Enterprise Content Management Market Trend to 2025: IBM Corporation, Oracle Corp …
Enterprise Content Management Market to 2025 - Global Analysis and Forecasts by Product, Deployment Type, Organization Type, Verticals The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Telecom Analytics 2018 Global Key Players – EMC Corporation, Oracle Corporatio …
Telecom Analytics Market 2018 Wiseguyreports.Com Adds “Telecom Analytics – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:  This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Telecom Analytics industry. This report splits Telecom Analytics market
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Smart Hospitality System Market 2017 : Mitel Networks Corporation, NEC Co …
Smart Hospitality System A market study based on the " Smart Hospitality System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Smart Hospitality System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Smart Hospitality System industry, and makes predictions on the future status of Smart Hospitality System market on the basis of this analysis. Get Free