What is Automotive Relay Market?
The automotive relay allows the small current flow circuit to control the higher current circuit in automobiles. Power relays, micro relays, mini relays, ISO 2.8mm mini relays, ISO 2.8mm micro relays, solid state relays, and relay connectors, are some of the various types of automotive relay available in the market. A surge in the preference for an electronic relay/e-fuse over electromagnetic relays is expected to boost the overall market. Further, an increase in the modernization of the vehicles is anticipated to fuel the market during the forecast period. However, unavailability of the standard relay design is expected to hamper the overall growth. Moreover, the demand for higher switching capacity relays for the electric/hybrid power-train is expected to fuel the market in the upcoming years.
Highlights from Automotive Relay Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Fujitsu (Japan), Hella KGaA Hueck & Co. (Germany), TE Connectivity (Switzerland), Siemens AG (Germany), Panasonic Corporation (Japan), Infineon Technologies (Germany), Denso Corporation (Japan), American Zettler (United States), Eaton Corporation (Ireland) and ABB (Switzerland) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Automotive Relay market throughout the forecasted period.
Fujitsu (Japan), Hella KGaA Hueck & Co. (Germany), TE Connectivity (Switzerland), Siemens AG (Germany), Panasonic Corporation (Japan), Infineon Technologies (Germany), Denso Corporation (Japan), American Zettler (United States), Eaton Corporation (Ireland) and ABB (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Omron Corporation (Japan), Microsemi Corporation (United States) and Delphi (Ireland). Automotive Relay Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Heating, Lamps & Filter Capacitors and Solenoids, Motors & Pumps |
Type | Plug-in Relay and PCB Relay |
End Use | Powertrain Systems,Body & Chassis,Convenience,Safety & Security,Driver Information Systems |
On the basis of geography, the market of Automotive Relay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference for electronic relay/e-fuse over electromagnetic relays
Market Growth Drivers:
Increasing modernization of vehicles to impact the relay market
Challenges:
Involvement of local players (independent aftermarket) in the relay market and Connected smart junction boxes and smart fuse box for autonomous cars
Restraints:
Unavailability of standard relay design
Opportunities:
Demand for higher switching capacity relays for electric/hybrid power-trains and Impact of 48v architecture on this market
Key Target Audience
Suppliers of automotive relay, Raw material manufacturers of automotive relay components, Traders, distributors, and suppliers of automotive relay components or raw materials, Regional manufacturer associations, Automotive OEMs, Organized and unorganized aftermarket suppliers and Government’s national and regional environmental regulatory agencies or organizations
Market Leaders & Development Strategies
In May 2019, TE Connectivity (TE), a world leader in connectivity and sensors, acquired the Kissling group of companies. commercial vehicles, transportation and industrial markets.
ZETTLER introduces a number of new relays at 2018 Munich electronica. The new AZEV116 and AZEV132 series are next-generation IEC mode 2 Electric Vehicle (EV) charging relays in development for release in 2019. These relays are designed to survive high momentary currents that may occur on short circuits, thus ensuring outstanding reliability without contact welding.