Automotive Relay Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Commercial Vehicles), By Relay Type (PCB, Plug-In, High Voltage), By Application Type (Resistive, Capacitive, Electric) By Region, By Competition 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 18 billion

CAGR (2023-2028)

6.03%

Fastest Growing Segment

Plug-In Relay

Largest Market

Asia-Pacific


Market Overview

Global Automotive Relay Market has valued at USD 18 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.03% through 2028. Relays are sometimes known as electronic switches. Automotive relays are a form of electromechanical relay that is commonly found in many types of vehicles, including cars, trucks, vans, and trailers. In vehicular applications, they allow a small current flow circuit to control and run a greater current circuit. The number of relays in a car may vary depending on the features added to the vehicle. The number of relays placed in a vehicle has increased significantly in recent years, owing to technical advancements and increased demand for installing complex automobile applications. Factors such as increased demand for electric and hybrid vehicles, as well as increased demand for safety features, are expected to drive growth in the worldwide automotive relay market during the forecast period. However, operational failures in extreme climatic conditions, as well as high startup costs and a complicated structure, are likely to stymie worldwide market expansion during the projection period. Furthermore, rising demand for connected vehicles and increased installation of electronic systems in vehicles are projected to generate chances for the market in the future.

Key Market Drivers

Advancements in Vehicle Electrification

One of the primary drivers of the global automotive relay market is the ongoing trend toward vehicle electrification. This transformation involves the increasing integration of electronic components and electric systems in both conventional and electric vehicles (EVs). As vehicles become more electrically complex, the demand for automotive relays grows substantially. The transition from internal combustion engines (ICE) to electric powertrains in EVs necessitates the use of relays to control various functions, such as motor drives, battery management systems, and charging circuits. Relays ensure the safe and efficient operation of these components. ADAS technologies, including adaptive cruise control, lane-keeping assist, and automated braking systems, rely on relays for switching and controlling sensors and actuators, enhancing vehicle safety and convenience. The proliferation of infotainment and connectivity features in modern vehicles requires relays to manage audio and video systems, communication modules, and navigation systems, providing a seamless user experience. Hybrid vehicles, which combine traditional internal combustion engines with electric powertrains, rely on relays for coordinating the operation of both systems, optimizing efficiency, and managing energy flows.

Increasing Demand for Electric Vehicles (EVs)

The global automotive industry is experiencing a significant shift toward electric vehicles, driven by environmental concerns, government incentives, and technological advancements. This shift has a direct and substantial impact on the demand for automotive relays. EVs rely on high-capacity batteries that require intricate management systems. Automotive relays are essential for protecting and controlling the charging and discharging processes, ensuring the safety and efficiency of the battery pack. The growing network of EV charging stations worldwide relies on relays for power distribution, voltage regulation, and load management, enabling efficient and reliable charging services. Electric vehicles use electric motors for propulsion, and relays play a crucial role in controlling motor functions, such as start-stop systems and regenerative braking, optimizing energy consumption and performance. Electric vehicles require efficient thermal management to maintain the temperature of critical components, such as the battery and power electronics. Relays are essential for controlling cooling systems and ensuring optimal operating conditions.

Advancements in Autonomous Driving

The development and commercialization of autonomous vehicles represent a significant market driver for automotive relays. Autonomous driving relies on a complex network of sensors, actuators, and control systems, all of which require reliable relay-based control. Autonomous vehicles use multiple sensors, including LiDAR, radar, cameras, and ultrasonic sensors, to perceive their environment. Relays play a crucial role in coordinating sensor data, enabling accurate perception and decision-making. Relays are essential for controlling the various actuators involved in autonomous driving, such as steering systems, brake systems, and throttle control. These relays ensure precise and timely responses to changing road conditions. The processing of vast amounts of data in real-time is fundamental to autonomous driving. Relays are used to switch and route data between processing units, allowing for efficient data flow within the vehicle's control systems. Safety is paramount in autonomous vehicles, and relay-based fail-safe mechanisms are crucial for ensuring that critical systems can override autonomous functions in emergency situations.

Increasing Focus on Vehicle Safety

Vehicle safety remains a top priority for automakers, regulatory bodies, and consumers. Automotive relays play a vital role in enhancing vehicle safety through various applications, contributing to the demand for reliable relay systems. Relays are responsible for triggering the deployment of airbags during a collision, ensuring that they inflate rapidly and protect vehicle occupants. ABS systems use relays to modulate brake pressure, preventing wheel lock-up during emergency braking, thus improving vehicle stability and control. ESC systems rely on relays to control individual wheel braking and engine power to prevent skidding and loss of control in slippery or challenging road conditions. Modern vehicles incorporate advanced lighting systems, such as adaptive headlights and LED daytime running lights, which require relays for proper control and operation.

Emerging Automotive Markets and Increased Vehicle Production

The expansion of automotive markets in emerging economies and the overall increase in vehicle production worldwide are significant drivers for the global automotive relay market. As more vehicles are manufactured and sold globally, the demand for relay systems rises in tandem. Countries in Asia-Pacific, Latin America, and Africa are experiencing rapid economic growth and urbanization, leading to increased vehicle ownership and production. These emerging markets represent a substantial growth opportunity for relay manufacturers. Automotive manufacturers often operate on a global scale, with production facilities and supply chains spread across multiple countries. This globalization results in a higher demand for relay systems to meet production needs and maintain consistent quality across different regions. Automotive relay suppliers are integrating their operations into the global supply chain, offering just-in-time delivery and localized manufacturing to meet the demands of vehicle assembly lines.


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Key Market Challenges

Increasing Complexity of Vehicle Electronics

One of the most significant challenges facing the global automotive relay market is the increasing complexity of vehicle electronics systems. Modern vehicles are equipped with a wide array of electronic components, sensors, and control units, many of which require relay-based control. The integration of advanced driver assistance systems (ADAS) and autonomous driving technologies has led to a surge in the number of sensors and control units within vehicles. These systems rely heavily on relays to manage their functions. The transition to electric and hybrid powertrains has introduced complex electrical systems that require precise relay-based control, from battery management to electric motor control. Modern vehicles are equipped with sophisticated infotainment and connectivity systems, necessitating relay control for functions like audio systems, navigation, and wireless communication. Stringent safety and emission regulations have led to the incorporation of additional electronic systems, such as tire pressure monitoring and emission control systems, further increasing the complexity of vehicle electronics. The challenge for relay manufacturers is to provide reliable and efficient relay solutions that can meet the demands of these complex electronic systems while maintaining compact designs and cost-effectiveness.

Miniaturization and Space Constraints

The trend toward vehicle miniaturization and space constraints poses a significant challenge for automotive relay manufacturers. As automakers aim to reduce vehicle weight and improve fuel efficiency, they are increasingly designing vehicles with smaller and more compact engine compartments and electrical systems. This trend places constraints on the size and form factor of relays used in vehicles. Smaller engine compartments limit the available space for installing relays. This necessitates the development of smaller and more compact relay designs. Miniaturization is often associated with lightweighting efforts. Lightweight materials and smaller components are favored to achieve weight reduction goals, which affects relay size and construction. Smaller relays may face challenges related to heat dissipation, as reduced size can impact their ability to handle high electrical loads without overheating. Despite miniaturization, relays must maintain their reliability and durability in harsh automotive environments, including exposure to temperature extremes, vibrations, and moisture.

Reliability and Durability in Harsh Conditions

Reliability and durability in harsh automotive conditions represent a persistent challenge for the global automotive relay market. Vehicles operate in diverse environments, from extreme heat and cold to heavy vibrations and exposure to moisture. Relays must withstand these conditions to ensure consistent performance. Relays must operate reliably across a wide temperature range, from freezing cold in winter to scorching heat in summer. Maintaining proper contact closure and opening at extreme temperatures is crucial. Vehicles experience various levels of vibration and shock, especially off-road or during heavy-duty applications. Relays must be designed to resist mechanical stress and maintain electrical integrity. Automotive environments are prone to moisture, dust, and contaminants. To prevent corrosion and contact failures, relays must be sealed and protected against these elements. Vehicles are expected to have long lifespans, and the relays used within them must also provide extended service life without degradation in performance. Manufacturers must invest in research and development to develop relay designs and materials that can meet these demanding reliability and durability requirements.

Electromagnetic Compatibility (EMC) and Interference

As vehicles become more electronically sophisticated, the challenge of electromagnetic compatibility (EMC) and interference becomes increasingly pronounced. EMC refers to the ability of electronic components, including relays, to operate without interfering with or being affected by other electronic systems within the vehicle. Electromagnetic interference (EMI) can disrupt the functioning of sensitive electronic components. Relay designs must incorporate measures to mitigate EMI and reduce the risk of interference with other systems. Ensuring signal integrity is critical, especially in safety-critical applications. Relays must maintain the integrity of control signals to prevent erroneous operation or false triggering of systems. Automotive relay manufacturers must adhere to EMC standards and regulations to ensure that their products do not interfere with the proper functioning of other vehicle electronics. Thorough testing and validation of relay designs in real-world automotive environments are essential to guarantee that they meet EMC requirements.

Intense Market Competition and Cost Pressures

The global automotive relay market is highly competitive, with numerous manufacturers vying for market share. This intense competition, coupled with cost pressures, poses challenges for both established and emerging players in the industry. Intense competition often results in price wars among relay manufacturers. This can lead to reduced profit margins and potentially compromise product quality. Automakers continuously seek cost-effective solutions for their vehicles. Relay manufacturers are under pressure to reduce production costs while maintaining product quality and reliability. Relay manufacturers must innovate and differentiate their products to stand out in a crowded market. This requires ongoing investment in research and development to offer advanced features, improved performance, and novel relay solutions. Expanding into new geographic regions can be challenging due to regulatory differences, cultural considerations, and the need for localized production and distribution.

Key Market Trends

Increasing Adoption of Electric and Hybrid Vehicles

One of the most prominent trends in the global automotive relay market is the increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). The automotive industry is undergoing a transformative shift toward cleaner and more sustainable transportation solutions, and relays play a vital role in the electrification of vehicles. EVs and HEVs rely on high-capacity batteries that require sophisticated management systems. Automotive relays are essential components for controlling the charging and discharging processes, ensuring the safety and efficiency of the battery pack. Electric powertrains involve complex electrical systems, including motor drives, inverters, and power distribution units. Relays are crucial for controlling these components and ensuring their safe and efficient operation. Maintaining optimal operating temperatures is critical for the performance and longevity of electric vehicles. Relays are used in thermal management systems to control cooling fans, heaters, and heat exchangers, ensuring that critical components remain within their specified temperature ranges. The growing global network of EV charging stations relies on relays for power distribution, voltage regulation, and communication between charging equipment and vehicles, enabling efficient and reliable charging services.

Advanced Driver Assistance Systems (ADAS) and Autonomous Driving

The integration of advanced driver assistance systems (ADAS) and the development of autonomous driving technologies are driving significant changes in the automotive relay market. These technologies rely heavily on relays to enable various functions, enhancing vehicle safety and convenience. ADAS and autonomous vehicles incorporate a multitude of sensors, including radar, LiDAR, cameras, and ultrasonic sensors, to perceive their surroundings. Relays play a crucial role in the coordination and control of these sensors, ensuring accurate data acquisition and processing. Relays are responsible for controlling various actuators involved in ADAS and autonomous driving, including adaptive cruise control, lane-keeping assist, and automated braking systems. These relays enable precise and timely responses to changing road conditions. The massive amounts of data generated by sensors and processing units in ADAS and autonomous vehicles require efficient data routing and management. Relays are used to switch and route data between processing units, enabling real-time decision-making and control. Ensuring safety is paramount in autonomous vehicles. Relays are employed in fail-safe mechanisms that allow critical systems to override autonomous functions in emergency situations, providing an additional layer of safety.

Growing Emphasis on Vehicle Electrification

The global automotive relay market is witnessing a growing emphasis on vehicle electrification, which extends beyond EVs and HEVs. Traditional internal combustion engine (ICE) vehicles are incorporating more electrical components and systems to improve efficiency and reduce emissions. Start-stop systems, which automatically turn off the engine when the vehicle is stationary and restart it when needed, rely on relays to manage the engine's start-up and shutdown processes, optimizing fuel consumption. Advanced energy management systems in ICE vehicles use relays to control various components, such as alternators and battery disconnects, to enhance fuel efficiency and reduce emissions. Mild hybrid vehicles incorporate electrical systems to assist the internal combustion engine. Relays are instrumental in controlling the operation of electric motors and energy recovery systems. Traditional vehicles are integrating energy storage systems, such as supercapacitors, to store and release energy for improved power delivery and fuel efficiency. Relays are used to manage the charging and discharging of these storage devices.

Enhanced Connectivity and Infotainment

The demand for enhanced connectivity and infotainment features in vehicles is driving a notable trend in the automotive relay market. As consumer expectations for in-car technology continue to rise, relays are employed to support various connectivity and entertainment functions. Modern vehicles are equipped with sophisticated infotainment systems that provide multimedia entertainment, navigation, and connectivity with smartphones and other devices. Relays are used to control audio amplifiers, displays, and communication modules. Relays facilitate remote vehicle monitoring and services by enabling communication between the vehicle and remote servers. This connectivity allows for features like remote diagnostics, over-the-air updates, and stolen vehicle tracking. High-quality audio systems in vehicles require relay-based control for amplifiers, speakers, and equalization to deliver an immersive listening experience. Relays play a role in managing wireless communication modules for Bluetooth, Wi-Fi, and cellular connectivity, enabling hands-free calling, wireless streaming, and internet access within the vehicle.

Focus on Energy Efficiency and Environmental Sustainability

As environmental concerns continue to grow, automakers are placing a heightened focus on energy efficiency and environmental sustainability. This trend is influencing the development of relay systems that contribute to reduced energy consumption and emissions. Relay manufacturers are designing energy-efficient relays that consume less power during operation, contributing to overall vehicle energy savings and improved fuel efficiency. The use of environmentally friendly materials and manufacturing processes is becoming increasingly important. Relay manufacturers are exploring sustainable materials and production methods to align with eco-conscious automotive trends. Relays used in emission control systems and exhaust gas recirculation (EGR) systems help optimize engine performance and reduce harmful emissions, aligning with stringent emission regulations. Some vehicles incorporate eco-driving assistance systems that use relays to provide real-time feedback to drivers on fuel-efficient driving behaviors, encouraging environmentally responsible driving habits.

Segmental Insights

Vehicle Type Analysis

The global passenger car automotive relay market is dominant. Many countries make attractive incentives to encourage the sale and use of electric vehicles. The growing demand for electronic e-fuse over the electromagnetic alternative because of vehicle modernization is a positive aspect driving the segment's growth. Many European governments use incentive-based schemes to promote EVs. Countries such as Germany and Austria provide tax exemptions and reductions. Bonus payments and insurance savings were offered to EV owners in France and the United Kingdom. The electric vehicle segment is expected to increase the most in comparison to other segments during the projected period. Many countries make attractive incentives to encourage the sale and use of electric vehicles.

Relay Type Analysis

The PCB relay is expected to hold the biggest market share in this industry. It's found in a wide range of electronic applications, including ABS, cruise control, doors, power steering, power windows, and sunroofs. They are widely utilized in regions such as Europe and North America. However, in places such as Asia-Oceania and the Rest of the World, Tier-1 manufacturers and OEMs continue to prefer plug-in versions. Plugin relays are employed in situations where the switching operation must be done in the presence of high vibrations, heat, and voltage variations. They are utilized in fuel injection systems, heating, ventilation, and air conditioning (HVAC) systems, as well as switching fuel pumps. These components are in high demand because of their small size, which saves a lot of room in the junction box.

Application Type Analysis

When compared to other segments, the capacitive load sector is expected to lead the market in terms of revenue over the forecast period. Automotive electronics are semiconductor devices that perform many purposes in a vehicle. Without electronics, various safety and comfort features in automobiles would not be conceivable. Some of the most basic uses in modern cars are driven by electronic systems, which require relays to function properly. Door lock system, power window, air conditioner, wiper, and fuel injection are examples of these. Electronic applications are more prevalent in the passenger car segment than in the LCV segment. This is due to the growing demand for high-end vehicles with innovative features.


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Regional Insights

In the automotive relay market, the Asia Pacific region has the biggest market share. China accounts for the highest percentage, owing to altering customer preferences, rising middle-class per capita income, and cost advantages that have prompted OEMs to increase car production in the region. As a result, considerable demand has been observed in China, India, and Japan, boosting market expansion. The demand for economy and mid-range cars was strongest in 2021, accounting for more than 90% of total passenger car manufacturing. Demand for entry-level and mid-priced cars is increasing in countries such as India, China, and Thailand because of more product introductions with advanced features in this sector at competitive prices. Growing connection and automotive digitization will have a positive impact on market growth throughout the predicted period.

Furthermore, the tiny car segment's significant growth potential due to space constraints has heavily influenced auto wire harness demand. Government rules requiring the installation of certain electronic safety systems, such as the Anti-lock Braking System (ABS) and Electronic Stability Program (ESP), to decrease hazardous fuel emissions provide opportunities for market expansion. Furthermore, the growing popularity of electric vehicles has increased demand for auto wire harnesses. Europe is also predicted to increase significantly, owing to robust expansion in the automobile sector.

Recent Developments

  • In August 2021, Faurecia, one of the world's biggest vehicle firms, announced plans to purchase 60% of Hella GmbH & Co. Faurecia and Hella intend to become world leaders in rapidly evolving automotive technology while remaining completely aligned with industry megatrends.
  • In response to market demand for compact, lightweight, and energy-saving automobile relays, Hongfa Technology Co. produced two new ones in June 2022: the HFV26 micro relay and the HFV15A little relay. These devices are intended for use in a variety of applications, such as rear window defogging, battery short circuit device control, HVAC, and others.
  • Hongfa Technology Co. developed new On-Board Charger (OBC) relays for the rapidly developing energy vehicle market in June 2022. These relays are said to improve onboard charger efficiency and safety. OBC relays have maximum current capabilities of 20 and 32 amps and a temperature range of up to 105 degrees Celsius.
  • Fujitsu Component Limited will enhance its product portfolio in November 2020 with the introduction of the 12-colt DC PCB relay, FBR53-HC. For greater reliability, it has a 1 Form U dual contact design. This relay can be used in circuits such as electric power steering, radiator fans, fuel pumps, seat heaters, headlamps, and motor brakes.

Key Market Players

  • TE Connectivity
  • Omron Corporation
  • Hongfa Technologies Co.
  • Fujitsu Component Limited
  • DENSO Corporation
  • Panasonic Corporation
  • MITSUBA Corporation
  • Hella KGaA Hueck & Co.
  • Nidec Corporation
  • Robert Bosch GmbH

By Vehicle Type

By Relay Type

By Application Type

By Region
  • Passenger Cars
  • Commercial Vehicles
  • PCB
  • Plug-In
  • High Voltage
  • Resistive
  • Capacitive
  • Electric
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Relay Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Relay Market, By Vehicle Type:

o   Passenger Cars

o   Commercial Vehicles

  • Automotive Relay Market, By Relay Type:

o   PCB

o   Plug-In

o   High Voltage

  • Automotive Relay Market, By Application Type:

o   Resistive

o   Capacitive

o   Electric

  • Automotive Relay Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Relay Market.

Available Customizations:

Global Automotive Relay market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Relay Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Relay Market

5.    Global Automotive Relay Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.2.    By Relay Type Market Share Analysis (PCB, Plug-In, High Voltage)

5.2.3.    By Application Type Market Share Analysis (Resistive, Capacitive, Electric)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3.  Global Automotive Relay Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By Relay Type Market Mapping & Opportunity Assessment

5.3.3.    By Application Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Relay Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis

6.2.2.    By Relay Type Market Share Analysis

6.2.3.    By Application Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Relay Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Type Market Share Analysis

6.3.1.2.2.           By Relay Type Market Share Analysis

6.3.1.2.3.           By Application Type Market Share Analysis

6.3.2.    India Automotive Relay Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Type Market Share Analysis

6.3.2.2.2.           By Relay Type Market Share Analysis

6.3.2.2.3.           By Application Type Market Share Analysis

6.3.3.    Japan Automotive Relay Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Type Market Share Analysis

6.3.3.2.2.           By Relay Type Market Share Analysis

6.3.3.2.3.           By Application Type Market Share Analysis

6.3.4.    Indonesia Automotive Relay Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Type Market Share Analysis

6.3.4.2.2.           By Relay Type Market Share Analysis

6.3.4.2.3.           By Application Type Market Share Analysis

6.3.5.    Thailand Automotive Relay Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Type Market Share Analysis

6.3.5.2.2.           By Relay Type Market Share Analysis

6.3.5.2.3.           By Application Type Market Share Analysis

6.3.6.    South Korea Automotive Relay Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Type Market Share Analysis

6.3.6.2.2.           By Relay Type Market Share Analysis

6.3.6.2.3.           By Application Type Market Share Analysis

6.3.7.    Australia Automotive Relay Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Type Market Share Analysis

6.3.7.2.2.           By Relay Type Market Share Analysis

6.3.7.2.3.           By Application Type Market Share Analysis

7.    Europe & CIS Automotive Relay Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis

7.2.2.    By Relay Type Market Share Analysis

7.2.3.    By Application Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Relay Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Type Market Share Analysis

7.3.1.2.2.           By Relay Type Market Share Analysis

7.3.1.2.3.           By Application Type Market Share Analysis

7.3.2.    Spain Automotive Relay Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Type Market Share Analysis

7.3.2.2.2.           By Relay Type Market Share Analysis

7.3.2.2.3.           By Application Type Market Share Analysis

7.3.3.    France Automotive Relay Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Type Market Share Analysis

7.3.3.2.2.           By Relay Type Market Share Analysis

7.3.3.2.3.           By Application Type Market Share Analysis

7.3.4.    Russia Automotive Relay Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Type Market Share Analysis

7.3.4.2.2.           By Relay Type Market Share Analysis

7.3.4.2.3.           By Application Type Market Share Analysis

7.3.5.    Italy Automotive Relay Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Type Market Share Analysis

7.3.5.2.2.           By Relay Type Market Share Analysis

7.3.5.2.3.           By Application Type Market Share Analysis

7.3.6.    United Kingdom Automotive Relay Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Type Market Share Analysis

7.3.6.2.2.           By Relay Type Market Share Analysis

7.3.6.2.3.           By Application Type Market Share Analysis

7.3.7.    Belgium Automotive Relay Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Type Market Share Analysis

7.3.7.2.2.           By Relay Type Market Share Analysis

7.3.7.2.3.           By Application Type Market Share Analysis

8.    North America Automotive Relay Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis

8.2.2.    By Relay Type Market Share Analysis

8.2.3.    By Application Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Relay Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Type Market Share Analysis

8.3.1.2.2.           By Relay Type Market Share Analysis

8.3.1.2.3.           By Application Type Market Share Analysis

8.3.2.    Mexico Automotive Relay Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Type Market Share Analysis

8.3.2.2.2.           By Relay Type Market Share Analysis

8.3.2.2.3.           By Application Type Market Share Analysis

8.3.3.    Canada Automotive Relay Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Type Market Share Analysis

8.3.3.2.2.           By Relay Type Market Share Analysis

8.3.3.2.3.           By Application Type Market Share Analysis

9.    South America Automotive Relay Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type Market Share Analysis

9.2.2.    By Relay Type Market Share Analysis

9.2.3.    By Application Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Relay Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Type Market Share Analysis

9.3.1.2.2.           By Relay Type Market Share Analysis

9.3.1.2.3.           By Application Type Market Share Analysis

9.3.2.    Colombia Automotive Relay Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Type Market Share Analysis

9.3.2.2.2.           By Relay Type Market Share Analysis

9.3.2.2.3.           By Application Type Market Share Analysis

9.3.3.    Argentina Automotive Relay Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Type Market Share Analysis

9.3.3.2.2.           By Relay Type Market Share Analysis

9.3.3.2.3.           By Application Type Market Share Analysis

10. Middle East & Africa Automotive Relay Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Relay Type Market Share Analysis

10.2.3. By Application Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive Relay Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Type Market Share Analysis

10.3.1.2.2.         By Relay Type Market Share Analysis

10.3.1.2.3.         By Application Type Market Share Analysis

10.3.2. Turkey Automotive Relay Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Type Market Share Analysis

10.3.2.2.2.         By Relay Type Market Share Analysis

10.3.2.2.3.         By Application Type Market Share Analysis

10.3.3. Saudi Arabia Automotive Relay Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Type Market Share Analysis

10.3.3.2.2.         By Relay Type Market Share Analysis

10.3.3.2.3.         By Application Type Market Share Analysis

10.3.4. UAE Automotive Relay Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Type Market Share Analysis

10.3.4.2.2.         By Relay Type Market Share Analysis

10.3.4.2.3.         By Application Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Robert Bosch GmbH

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Infineon Technologies AG

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. STMicroelectronics

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. NXP Semiconductors

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Toshiba Corporation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. On Relay Corporation

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. ROHM Co., Ltd.

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Texas Instruments Incorporated

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Renesas Electronics Corporation

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Denso Corporation

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Relay Market was estimated to be USD 18 billion in 2022.

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The PCB relay is expected to hold the biggest market share in this industry. It's found in a wide range of electronic applications, including ABS, cruise control, doors, power steering, power windows, and sunroofs. They are widely utilized in regions such as Europe and North America. However, in places such as Asia-Oceania and the Rest of the World, Tier-1 manufacturers and OEMs continue to prefer plug-in versions. Plugin relays are employed in situations where the switching operation must be done in the presence of high vibrations, heat, and voltage variations.

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In the automotive relay market, the Asia Pacific region has the biggest market share. China accounts for the highest percentage, owing to altering customer preferences, rising middle-class per capita income, and cost advantages that have prompted OEMs to increase car production in the region. As a result, considerable demand has been observed in China, India, and Japan, boosting market expansion. The demand for economy and mid-range cars was strongest in 2021, accounting for more than 90% of total passenger car manufacturing.

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Advancements in Vehicle Electrification, Increasing Focus on Vehicle Safety, Emerging Automotive Markets and Increased Vehicle Production are the major drivers for the Global Automotive Relay Market.

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Srishti Verma

Business Consultant
Press Release

Automotive Relay Market to Grow with a CAGR of 6.03% Globally through to 2028

Nov, 2023

Advancements in Vehicle Electrification, Increasing Focus on Vehicle Safety, Emerging Automotive Markets and Increased Vehicle Production are factors driving the Global Automotive Relay market in the

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