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Pulished Date April, 2021
ID: 9742
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Automotive Relay Market Segmentation By Product (PCB Relay, Plug-in Relay), By Application (Powertrain Systems, Body & Chassis, Convenience, Safety & Security, Driver Information) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 9742
Pages: 175

Market Overview:

The global automotive relay market is expected to grow to USD 21.8 billion by 2027 from USD 14.2 billion in 2021, at a CAGR of 5.5% over the foreseen period.

A relay is an electrical switch that uses an electromagnet to operate the switch mechanically. It is generally used to control a circuit by separating a power signal. Automotive relay is found within the entire electrical system within the automotive where there is a need to control the facility. They permit a little current to flow through the circuit so as to regulate the higher current course. Since automotive relay plays a crucial role within the vehicle, it's essential to use high performance and long-lasting components within the manufacture of the automotive relay. There are several factors to be considered while choosing an automotive relay, such as the type of component required, and hi amp switching. There are various sorts of automotive relay utilized in the vehicle, which incorporates PCB, Plug-In, High Volt, Protective, and Time relay. The automotive relay is primarily used for switching the facility between circuits. They are used in the adoption of electronic components in the passenger and commercial vehicles. There are various systems in automotive relays like advance driver assistance system, and electric steering mechanism, which use a relay to regulate the facility from one circuit to a different.

The automotive relay market is driven by growing end-user industries like construction & infrastructure, mining, wind & energy, and heavy engineering.

Recent Developments:

Rivigo, a technology-enabled logistics company, introduced Relay-as-a-Service (RaaS). With this, the corporate aims to bring benefits of its relay trucking model to many fleet owners and truck pilots in India.

China has successfully introduced the primary of its new-generation data relay satellites into an orbit which will issue data relay, measurement and control services for its crewed spacecraft.

Panasonic's new, low-profile DW relay meets overseas safety standards and helps to make remote-control systems for smarter, smaller and thinner also as less power consumption.

Drivers and Restraints of Automotive Relay:

Drivers:

With the rise in levels of safety and comfortable driving experience, the demand for automotive relays has increased and expected to grow even more within the forecast period. With the fast pace development of PCBs (Printed Circuit Boards), lighter PCB relays are gradually replacing complicated plug-in devices. This factor is probably going to extend the global PCB relay market. Also, PCB relays are expected to stay the dominant segment of the worldwide relay market within the projection period. Government regulations to incorporate safety components in automobiles to reduce the amount of casualties is forecasted to drive the automotive relay market during the outlook period. These devices are often utilized in safety systems like head restraints, heads-up displays, steering systems, seatbelts, and airbags. With the rise in the use of technologies like GPS, weather, temperature and traffic information, demand for automotive relays is predicted to grow at a high CAGR. With the rise in demand for comfort levels, concepts like sunroof control, keyless entry systems, mirror control and infotainment systems have emerged. The increase in the need for the Hybrid Electric Vehicle (HEV) segment is additionally a critical factor that's likely to drive the expansion of worldwide automotive relay market.

Restraints:

In the automotive industry, lack of standardization may be a factor which will restrain the expansion of the market. Automotive relays are weaker compared to the traditional plug-in relays when factors just like the ability to face up to voltage fluctuations, vibrations, and heat, and robustness are considered. Thus, in many applications, especially powertrain systems, conventional plug-in relays are still preferred. This factor can also restrain the expansion of Automotive Relay Market within the forecast period.

Market Segmentation:

Automotive Relay Market, By Product

• PCB Relay

• Plug-in Relay

Increasing demand for electronic control modules and components has created the necessity for smaller devices that are competent of carrying higher current loads. The central reason for using PCB relays is their miniaturized size that can save considerable space in the automobile junction box. Therefore, the PCB relay segment is estimated to carry to the most significant share within the automotive relay market.

Automotive Relay Market, By Application

• Powertrain Systems

• Body & Chassis

• Convenience

• Safety & Security

• Driver Information

Powertrain systems are supposed to register the noteworthy growth rate in the coming years in the worldwide marketplace.

Automotive Relay Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The North American automotive industry is among the fastest-growing sectors globally. It is dominated by domestic OEMs like Chrysler, Ford, and General Motors alongside some established European and Japanese OEMs. This region is one of the foremost technologically advanced automotive sectors. The demand for premium cars with extensive electronic components is more in North America. This is often mainly due to the high standard of living and high per capita income of the population. Furthermore, government regulations concerning vehicle emissions and safety are very stringent. The demand for safe and secure vehicles would drive the expansion of the automotive relay market in North America.

The Asia-Pacific region is predicted to point out a moderate CAGR within the growth of Automotive Relay Market during the forecast period. The Asia-Pacific region is gradually being called the car manufacturing hub due to the convenience of availability of raw materials and relatively lower labor costs. Due to high demand and significant vehicle production, China is estimated to likely to register considerable growth trends within the Automotive Relay business.

Key Players of Market:

The key players in the global automotive relay market are TE Connectivity Corporation (Switzerland), Omron Corporation (Japan), Panasonic Corporation (Japan), Fujitsu (Japan), Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), American Zettler (U.S.), ABB Group (Switzerland), Eaton Corporation plc (Republic of Ireland), Sharp Corporation (Japan), NEC Corporation (Japan), Nippon-Aleph (Japan), Daesung Electric (India), Mouser Electronics, Inc.(U.S.).

1. Introduction                          

             1.1 Market Definition                

             1.2 Scope of the report             

             1.3 Study Assumptions             

             1.4 Base Currency, Base Year and Forecast Periods                   

2. Research Methodology                                   

             2.1 Analysis Design                  

             2.2 Research Phases                 

                          2.2.1 Secondary Research         

                          2.2.2 Primary Research             

                          2.2.3 Data Modelling   

                          2.2.4 Expert Validation

             2.3 Study Timeline                    

3. Report Overview                                

             3.1 Executive Summary            

             3.2 Key Inferencees                   

4. Market Dynamics                               

             4.1 Impact Analysis                   

                          4.1.1 Drivers    

                          4.1.2 Restaints

                          4.1.3 Opportunities     

             4.2 Regulatory Environment                  

             4.3 Technology Timeline & Recent Trends                     

5. Competitor Benchmarking Analysis                           

             5.1 Key Player Benchmarking                

                          5.1.1 Market share analysis      

                          5.1.2 Products/Service 

                          5.1.3 Regional Presence           

             5.2 Mergers & Acquistion Landscape                

             5.3 Joint Ventures & Collaborations                  

6. Market Segmentation                                     

             6.1 Automotive Relay Market, By Product                      

                          6.1.1 PCB Relay

                          6.1.2 Plug-in Relay      

                          6.1.3 Market Size Estimations & Forecasts (2019-2024)            

                          6.1.4 Y-o-Y Growth Rate Analysis        

                          6.1.5 Market Attractiveness Index        

             6.2 Automotive Relay Market, By Application                

                          6.2.1 Powertrain Systems         

                          6.2.2 Body & Chassis   

                          6.2.3 Convenience        

                          6.2.4 Safety & Security 

                          6.2.5 Driver Information           

                          6.2.6 Market Size Estimations & Forecasts (2019-2024)            

                          6.2.7 Y-o-Y Growth Rate Analysis        

                          6.2.8 Market Attractiveness Index        

7. Geographical Landscape                                

             7.1 Global Identity Governance and Administration Market, by Region             

             7.2 North America - Market Analysis (2018 - 2024)                 

                          7.2.1 By Country          

                                      7.2.1.1 USA

                                      7.2.1.2 Canada

                          7.2.2 By Product           

                          7.2.3 By Application     

             7.3 Europe                    

                          7.3.1 By Country          

                                      7.3.1.1 UK

                                      7.3.1.2 France

                                      7.3.1.3 Germany

                                      7.3.1.4 Spain

                                      7.3.1.5 Italy

                                      7.3.1.6 Rest of Europe

                          7.3.2 By Product           

                          7.3.3 By Application     

             7.4 Asia Pacific             

                          7.4.1 By Country          

                                      7.4.1.1 China

                                      7.4.1.2 India

                                      7.4.1.3 Japan

                                      7.4.1.4 South Korea

                                      7.4.1.5 South East Asia

                                      7.4.1.6 Australia & NZ

                                      7.4.1.7 Rest of Asia-Pacific

                          7.4.2 By Product           

                          7.4.3 By Application     

             7.5 Latin America                      

                          7.5.1 By Country          

                                      7.5.1.1 Brazil

                                      7.5.1.2 Argentina

                                      7.5.1.3 Mexico

                                      7.5.1.4 Rest of Latin America

                          7.5.2 By Product           

                          7.5.3 By Application     

             7.6 Middle East and Africa                    

                          7.6.1 By Country          

                                      7.6.1.1 Middle East

                                      7.6.1.2 Africa

                          7.6.2 By Product           

                          7.6.3 By Application     

8. Key Player Analysis                            

             8.1 TE Connectivity Corporation                        

                          8.1.1 Business Description       

                          8.1.2 Products/Service 

                          8.1.3 Financials

                          8.1.4 SWOT Analysis    

                          8.1.5 Recent Developments     

                          8.1.6 Analyst Overview

             8.2 Omron Corporation            

             8.3 Panasonic Corporation                    

             8.4 Fujitsu                    

             8.5 Hella KGaA Hueck & Co.                  

             8.6 Denso Corporation             

             8.7 American Zettler                 

             8.8 ABB Group              

             8.9 Eaton Corporation PLC                    

             8.10 Sharp Corporation            

9. Market Outlook & Investment Opportunities                          

Appendix                                  

             List of Tables                

             List of Figures              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Relay Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Relay Market By Product, From 2021-2026 ( USD Billion )
  3. Global PCB Relay Market By Region, From 2021-2026 ( USD Billion )
  4. Global Plug-in Relay Market By Region, From 2021-2026 ( USD Billion )
  5. Global Automotive Relay Market By Application, From 2021-2026 ( USD Billion )
  6. Global Powertrain Systems Market By Region, From 2021-2026 ( USD Billion )
  7. Global Body & Chassis Market By Region, From 2021-2026 ( USD Billion )
  8. Global Convenience Market By Region, From 2021-2026 ( USD Billion )
  9. Global Safety & Security Market By Region, From 2021-2026 ( USD Billion )
  10. Global Driver Information Market By Region, From 2021-2026 ( USD Billion )

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