The relays are the switches that are made of various shapes and sizes. They are used to allow transmission of small current to control a higher current circuit in the automobiles. Their size and shapes depend on the automotive in which they are applied. The primary purpose of a relay is to act as a switch. In addition, they are used to switch between different circuits.
Market Data Analysis:
The Auto Relay market is projected to be valued at USD 1,388 million in 2019 and is anticipated to generate revenue of USD 2,196 million by the end of 2026, progressing at a GAGR of 6.77% between 2019 and 2026. Auto Relay global market is significantly rising across the globe on the back of the expanding global automotive industry, along with increasing demand for electric vehicles. Moreover, increasing demand for luxury and comfortable vehicles and the introduction of stringent government regulations regarding vehicular safety will also propel the growth of the market. Growing disposable income, technological advancements, and changing lifestyles are some other factors fueling the growth of the market.
Asia-Pacific was the major revenue generating region in 2018 with a share of 32.62% and is expected to garner growth in the coming years. The growth can be attributed to high vehicle demand, the mature automotive industry, technological advancement, and high R&D investment in this region. In addition, an increase in disposable income and low production costs are propelling the growth of the market in the Asia-Pacific region. Europe and North America accounted for a market share of 27.14% and 26.85% respectively in 2018. Europe is expected to witness growth in the forecast period, owing to stringent regulations pertaining to driver safety in this region.
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Global Auto Relay market: Type segments
- Plug-in Relay
- PCB Relay
The PCB Relay segment is expected to show the highest growth rate in the coming years, owing to the rising investments for continuous development and innovation of the products possessing the capability to carry higher current loads.
Global Auto Relay market: Application segments
- Lamps and Filter capacitors
- Solenoids, Motors, and Pumps
Global Auto Relay market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Auto Relay market, including NEC, Gruner, Hongfa, TE Connectivity, HELLA, Fujitsu, American Zettler, Panasonic, LSIS, Omron, etc. These participants have adopted various growth strategies to meet the growing demand for Auto Relay market and to increase their market share.
Auto Relay Market Intended Audience:
- Auto Relay manufacturers
- Auto Relay importers and exporters
- Auto Relay traders, distributors, and suppliers
- Raw material suppliers of Auto Relay
- Auto Relay industry associations
- Product managers, Auto Relay industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Auto Relay Market
2 Market Trends and Competitive Landscape
3 Segmentation of Auto Relay Market by Types
4 Segmentation of Auto Relay Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Auto Relay Market in Major Countries
7 North America Auto Relay Landscape Analysis
8 Europe Auto Relay Landscape Analysis
9 Asia Pacific Auto Relay Landscape Analysis
10 Latin America, Middle East & Africa Auto Relay Landscape Analysis
11 Major Players Profile
11.1.1 NEC Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.4 TE Connectivity
11.7 American Zettler
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