Global Automotive Relay Market Forecast (2018-2025) Report Manufacturers : TE Connectivity, Panasonic Corporation, Denso Corporation, Johnson Electric

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Global automotive relay market is expected to reach USD 18.2 Billion by 2025, at a CAGR of 7.19% from 2018 to 2025. The increasing modernization of vehicles, government regulations for automobiles industry regarding safety components in automobiles and preference for electronic relays over electromagnetic relays are the factors propelling the growth of the market.

Market Overview:

The automotive relays help to provide small current flow to control a higher current circuit in the automobiles. It is made up of various shapes and sizes. It is usually used as a switch to turn on the headlights of automotive, car alarm systems, anti-locking brake systems, car stereos, or among other applications. The automotive relays can be operated both electrically and mechanically. The consumers are focusing towards a safe and comfortable driving experience and hence the use of automotive relays has increased. Furthermore the government regulations for increasing the safety has also increased the use of the automotive relay.

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Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The automotive relay market is analysed on the basis of industry cost structure.
  • The report provides the key data of Production (‘000 Units), Consumption (‘000 Units), Import & Export (‘000 Units), industry cost structure in order to understand the present and future scenario of the market.
  • The study delivers a comprehensive analysis of global automotive relay market type, vehicle type, application, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • The study also includes attractiveness analysis of type, vehicle type, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the automotive relay market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

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Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately 31.94% in 2017. Increasing modernization of vehicles to impact the relay market and adoption of electromagnetic relays were some of the factors that led to the growth of automotive relay market in this region.

Competitive Analysis:

The major players of automotive relay market include TE Connectivity, Panasonic Corporation, Denso Corporation, Johnson Electric, Omron Corporation, American Zettler, Robert Bosch GmbH, Hella KGaA Hueck & Co., Nidec Corporation, Mitsuba Corporation, NEC Corporation, Fujitsu, ABB, Delphi Automotive LLP, Eaton, Siemens AG, Alstom, Daesung, Salzer Electronics Ltd., and Bader GmbH.

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