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The future of the global automotive relay market looks promising with opportunities in passenger cars and light commercial vehicles segments. The global automotive relay market is expected to grow with a CAGR of 5%-7% from 2021 to 2026. The major drivers for this market are considerable automotive safety regulations, growing electronic content in vehicles and excellent flexibility of relay systems.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of smart/intelligent relays, development of miniaturization and high contact capability, and implementation of electronic content.
A total of xx figures / charts and xx tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive relay market report, please download the report brochure.
The study includes a forecast for the global automotive relay market by product type, application, vehicle type and region, as follows:
By Product Type [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
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Powertrain Systems
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Body & Chassis
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Convenience
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Safety & Security
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Driver Information
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
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Passenger Cars
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Light Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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APAC
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China
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India
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Japan
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ROW
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Middle East
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Brazil
Some of the automotive Relay companies profiled in this report include TE Connectivity, Omron Corporation, Denso Corporation, ABB Ltd, Eaton Corporation, Lear Corporation, Delphi Automotive, Siemens AG, Panasonic Corporation and NEC Corporation.
Lucintel forecasts that PCB relay will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the rising investments for continuous development, innovation of the products possessing the capability to carry higher current loads and increasing demand for electronic control modules and electronic components has generated the need for smaller devices that are competent of carrying greater current loads.
Within the global automotive relay market, the driver information segment is expected to witness the highest growth over the forecast period due to the emergence of advanced technologies including weather & traffic information, GPS, location, and navigation services in vehicles.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing disposable income, consumers demand for advanced technologies and featured vehicles, and growing demand for connectivity and digitalization.
Features of the Global Automotive Relay Market
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Market Size Estimates: Global automotive relay market size estimation in terms of value ($M) shipment.
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Trend and Forecast Analysis: Market trends (2015-2021) and forecast (2021-2026) by various segments.
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Segmentation Analysis: Global automotive relay market size by various segments, such as by product type, application and vehicle type in terms of value
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Regional Analysis: Global automotive relay market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different by product type, application, vehicle type and regions for the global automotive relay market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive Relay market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising growth opportunities for the global automotive relay market by product type (PCB relay and plug-in relay), application (powertrain systems, body & chassis, convenience, safety & security and driver information), vehicle type (passenger cars and light commercial vehicles) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last five years? |
Report Scope
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Key Features |
Description |
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Base Year for Estimation |
2021 |
Trend Period
(Actual Estimates) |
2015-2020 |
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Forecast Period |
2021-2026 |
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Pages |
210 |
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Market Representation / Units |
Revenue in US $ Million |
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Regional Scope |
North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
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Report Coverage |
Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
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Market Segments |
Product Type (PCB Relay and Plug-In Relay), Application (Powertrain Systems, Body & Chassis, Convenience, Safety & Security and Driver Information), Vehicle Type (Passenger Cars and Light Commercial Vehicles) |
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Customization |
10% Customization without Any Additional Cost |