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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.
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