Automotive Relay Market
Automotive Relay Market Analysis By Product (PCB Relays, Plug-in Relays, High Voltage Relays), By Application (Powertrain Systems, Body & Chassis, Convenience, Safety & Security, Driver Information), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Electric Vehicles) - Global Market Insights 2022 to 2032
Analysis of Automotive Relay market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Relay Market Outlook (2022 to 2032)
In 2022, the global automotive relay market is worth US$ 16.1 billion and is predicted to exhibit expansion at a CAGR of 5.1% over the next ten years. As a result, by the end of 2032, sales revenue of the automotive relay industry is anticipated to reach US$ 26.5 billion.
In 2021, Panasonic Corporation, TE Connectivity, and ANDEN (part of DENSO Corporation) cumulatively held a market share of around 49% of the global automotive relay industry.
| Report Attributes | Details |
|---|---|
| Automotive Relay Market Size (2022) | US$ 16.1 Billion |
| Projected Market Value (2032F) | US$ 26.5 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.1% CAGR |
| Top 3 Companies’ Market Share (2021) | ~49% |
| Key Companies Profiled | ABB Ltd.; BorgWarner Inc.; DENSO Corporation; Eaton Corporation plc; Fujitsu Limited (Furukawa Co. Ltd.); HELLA GmbH & Co. KGaA; Littelfuse Inc.; LS Automotive India Pvt Ltd.; Goodsky; OMRON Corporation; Panasonic Corporation; Robert Bosch GmbH; Siemens AG; American Electronic Components; Song Chuan Precision Company; TE Connectivity |
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Revenue Analysis of Automotive Relays (2017 to 2021) in Comparison to Industry Forecasts (2022 to 2032)
The expanding automotive industry has been quick to adopt the digitization trend and this has led to a substantial rise in the use of electronic components in vehicles. This increased vehicle electrification is anticipated to significantly influence automotive relay sales over the next ten years.
Increasing urbanization, growing demand for advanced infotainment systems, rising sales of vehicles, increasing focus on fuel efficiency, technological advancements, and the rising popularity of electric vehicles are other factors that could uplift automotive relay demand across the forecast period.
Increasing launches of new electric vehicles and growing use of advanced electrical systems in automobiles are also expected to drive the automotive relay market potential through 2032.
Growing connected vehicle fleet and increasing use of systems such as advanced driver assistance systems (ADAS), lane-assist systems, adaptive cruise control, etc. are also projected to favor demand for latching relays, automotive time delay relays, automotive relay connectors, and other relay switches for cars across the forecast period.
Stringent mandates to ensure the safety of drivers and passengers in vehicles are being implemented across the world and this is also expected to promote the adoption of automotive relays over the coming years.
Rising demand for vehicle-to-infrastructure (V2I) communications and vehicle-to-vehicle communications are also predicted to promote automotive relay market growth in the near future.
However, the high costs and complex nature of automotive relays are anticipated to have a constraining effect on overall automotive relay demand. Operational failure in extreme conditions and lack of standardization also could hurt shipments of automotive relays through 2032.
Automotive relay sales are predicted to expand at a CAGR of 5.1% over the next ten years.
Will High Emphasis on Safety Impact Automotive Relay Market Growth?
“Adoption of Advanced & Automated Electrical Safety Systems in Vehicles to Promulgate Automotive Relay Sales”
Incidence of road accidents and fatalities have increased significantly in recent years and this trend has resulted in demand for strict safety mandates across the world.
Automotive manufacturers are installing advanced electrical safety systems to promote driver safety owing to the imposition of stringent regulations by various governments across the world. Increasing concerns regarding safety in autonomous vehicles and rising investments in autonomous mobility R&D are also expected to propel sales of automotive relays through 2032.
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Which Factors Could Dent Automotive Relay Sales Growth?
“Lack of Standardization, High Costs, & Complexity Could Slow Down Market Progress”
Automotive relays are complex electric components and often incur huge costs for deployment and manufacturing as well, this is expected to have a negative impact on the overall market growth. Moreover, lack of standardization in the industry allows manufacturers to price their products as per themselves and ultimately results in costly products that hinder automotive relay demand. Operational failure in extreme environments is also another factor that restrains automotive relay market potential across the forecast period.
How is Innovation in Automotive Relays Changing the Automotive Industry?
“New Automotive Relay Companies to Acquire Funding to Expand Business & Research Capabilities”
New entrants in the global automotive relay marketplace are focusing on developing new and innovative technologies that could provide better electronic components for automotive manufacturers.
- Menlo Micro, based in California, United States, raised US$ 150 million in a Series C investment round in 2022. The company uses electromechanical and solid-state technologies to create a 99% reduction in key metrics such as size, weight, power consumption, and costs over standard electromechanical relays. The company dubs its offering as ‘Ideal Switch’.
- In May 2022, Shanghai-based Taolink Technologies, raised US$ 15 million in a Series A funding round. The funding was led by Xinyi Capital. The company develops and provides chips for narrowband communication devices. The company also develops SoCs, relays, gateways, etc. that are used in various applications across industry verticals such as automotive, communication, etc.
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Why is Asia Pacific an Opportune Market for Automotive Relay Suppliers?
“High Automotive Manufacturing & Sales to Provide New Growth Opportunities”
The automotive relay market in the Asia Pacific region is anticipated to provide highly attractive and rewarding returns for automotive relay manufacturers throughout the forecast period. The growth in this region can be linked to factors such as increasing sales of vehicles, a growing automotive manufacturing industry, increasing urbanization and digitization, growing disposable income, and rising adoption of advanced electrical systems in vehicles.
China and India are anticipated to be prime markets in this region and are expected to head the overall growth of the relay market in this region through 2032. Car flasher relays, automotive electrical relays, and standard automotive relays are anticipated to be popular in this region over the years to come.
Country-wise Insights
Why is China a Preferred Destination for Automotive Relay Manufacturers?
“Robust Manufacturing Sector & Favorable Government Policies Make China an Attractive Market”
The China automotive relay market is anticipated to be a highly rewarding one for all major and minor market players owing to its robust automotive and manufacturing industries. The government of China has been launching various attractive schemes and initiatives to promote investment in the country’s manufacturing sector and this is expected to favor the automotive relay market potential in the country.
Moreover, the presence of a substantial semiconductor and chip manufacturing industry in the nation is expected to further bolster the automotive relay market potential in China over the next ten years. Low labor costs are also anticipated to attract more automotive relay companies to this country.
Category-wise Insights
Will Increasing Preference for Electric Vehicles Affect Automotive Relay Sales?
“Shipments of Automotive Relays to Rise With Growing Popularity of EVs”
The global automotive relay market, based on vehicle type, is segmented into passenger vehicles, commercial vehicles, and electric vehicles.
Focus on sustainability has witnessed an uproar across the world and headwinds in the automotive industry have shifted the tide from fossil-powered vehicles to electric vehicles. Supportive government initiatives, fluctuating fossil fuel prices, and increasing vehicle electrification are prominent factors that are expected to propel the popularity of electric vehicles over the years to come.
Relays are expected to be crucial in keeping electric vehicles safe and operational, and hence, are anticipated to account for major demand for automotive relays by the end of the forecast period. However, at present, the high sales of passenger cars and hybrid vehicles are expected to uplift automotive relay sales in the passenger vehicles segment for the next couple of years.
Which Automotive Relay Types are Detailed in this Research?
“PCB Relays, Plug-in Relays, & High Voltage Relays Make Up Market Structure”
The global automotive relay market, based on product, is segmented into PCB relays, plug-in relays, & high voltage relays, and others.
The demand for plug-in relays is anticipated to rise at a faster pace than other types of automotive relays throughout the forecast period. The high demand can be ascribed to their simple design and lightweight nature. Easy replacement is also a factor that is expected to favor sales of plug-in relays over the next ten years.
Plug-in relays in vehicles are used for components such as headlamps, radiator fans, ABS (Anti-lock Braking Systems), fuel pumps, etc. PCB relays are anticipated to account for a prominent market share across the forecast period and are expected to be miniaturized to save space in the automotive junction box.
Competitive Landscape
Top companies in the automotive relay industry are focusing on the development and acquisition of new technologies to create advanced automotive relays and improve their business scope on a global level.
- In December 2021, TE Connectivity, a leading name in the automotive relay marketplace acquired the narrow safety relay (NSR) technology from Phoenix Contact, a German manufacturer of industrial relays and interface solutions. TE aimed to use the technology to manufacture NSR relays and bolster its product portfolio to gain a competitive edge over other market players.
Fact.MR, a market research and competitive intelligence provider, has created a detailed assessment of the current and forecast competitive landscape in this latest automotive relay market research report while profiling key companies such as BorgWarner Inc., DENSO Corporation, Eaton Corporation Plc, and Panasonic Corporation.
Key Segments in Automotive Relay Industry Research
-
By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicles
-
By Product:
- PCB Relays
- Plug-in Relays
- High Voltage Relays
- Others
-
By Application:
- Powertrain Systems
- Body & Chassis
- Convenience
- Safety & Security
- Driver Information
- Others
-
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Market Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
- 6.1. Passenger Vehicles
- 6.2. Commercial Vehicles
- 6.3. Electric Vehicles
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product
- 7.1. PCB Relays
- 7.2. Plug-in Relays
- 7.3. High Voltage Relays
- 7.4. Others
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 8.1. Powertrain Systems
- 8.2. Body & Chassis
- 8.3. Convenience
- 8.4. Safety & Security
- 8.5. Driver Information
- 8.6. Others
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. ABB Ltd.
- 17.2. BorgWarner Inc.
- 17.3. DENSO Corporation
- 17.4. Eaton Corporation plc
- 17.5. Fujitsu Limited (Furukawa Co. Ltd.)
- 17.6. HELLA GmbH & Co. KGaA
- 17.7. Littelfuse Inc.
- 17.8. LS Automotive India Pvt Ltd.
- 17.9. Goodsky
- 17.10. OMRON Corporation
- 17.11. Panasonic Corporation
- 17.12. Robert Bosch GmbH
- 17.13. Siemens AG
- 17.14. American Electronic Components
- 17.15. Song Chuan Precision Company
- 17.16. TE Connectivity
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 02: Global Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 03: Global Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 04: Global Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 05: Global Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 06: Global Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 07: Global Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 08: Global Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 09: Global Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 10: Global Market Value (US$ Million) Analysis, by Region, 2017 to 2021
Table 11: Global Market Value (US$ Million) Analysis, by Region, 2022 to 2032
Table 12: Global Market Value (US$ Million) Opportunity Analysis, by Region, 2022 to 2032
Table 13: North America Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 14: North America Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 15: North America Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 16: North America Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 17: North America Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 18: North America Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 19: North America Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 20: North America Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 21: North America Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 22: North America Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 23: North America Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 24: North America Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 25: Latin America Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 26: Latin America Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 27: Latin America Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 28: Latin America Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 29: Latin America Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 30: Latin America Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 31: Latin America Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 32: Latin America Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 33: Latin America Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 34: Latin America Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 35: Latin America Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 36: Latin America Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 37: Europe Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 38: Europe Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 39: Europe Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 40: Europe Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 41: Europe Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 42: Europe Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 43: Europe Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 44: Europe Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 45: Europe Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 46: Europe Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 47: Europe Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 48: Europe Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 49: East Asia Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 50: East Asia Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 51: East Asia Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 52: East Asia Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 53: East Asia Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 54: East Asia Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 55: East Asia Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 56: East Asia Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 57: East Asia Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 58: East Asia Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 59: East Asia Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 60: East Asia Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 62: South Asia & Oceania Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 63: South Asia & Oceania Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 64: South Asia & Oceania Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 65: South Asia & Oceania Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 66: South Asia & Oceania Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 67: South Asia & Oceania Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 68: South Asia & Oceania Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 69: South Asia & Oceania Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 70: South Asia & Oceania Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 71: South Asia & Oceania Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 72: South Asia & Oceania Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
Table 73: MEA Market Value (US$ Million) Analysis, by Country, 2017 to 2021
Table 74: MEA Market Value (US$ Million) Analysis, by Country, 2022 to 2032
Table 75: MEA Market Value (US$ Million) Opportunity Analysis, by Country, 2022 to 2032
Table 76: MEA Market Value (US$ Million) Analysis, by Vehicle Type, 2017 to 2021
Table 77: MEA Market Value (US$ Million) Analysis, by Vehicle Type, 2022 to 2032
Table 78: MEA Market Value (US$ Million) Opportunity Analysis, by Vehicle Type, 2022 to 2032
Table 79: MEA Market Value (US$ Million) Analysis, by Product, 2017 to 2021
Table 80: MEA Market Value (US$ Million) Analysis, by Product, 2022 to 2032
Table 81: MEA Market Value (US$ Million) Opportunity Analysis, by Product, 2022 to 2032
Table 82: MEA Market Value (US$ Million) Analysis, by Application, 2017 to 2021
Table 83: MEA Market Value (US$ Million) Analysis, by Application, 2022 to 2032
Table 84: MEA Market Value (US$ Million) Opportunity Analysis, by Application, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 02: Global Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 04: Global Market Incremental $ Opportunity, 2022 to 2032
Figure 05: Global Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 06: Global Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 07: Global Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 08: Global Market Share and BPS Analysis by Product, 2022 to 2032
Figure 09: Global Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product, 2022 to 2032
Figure 11: Global Market Share and BPS Analysis by Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share and BPS Analysis by Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 18: North America Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032
Figure 20: North America Market Incremental $ Opportunity, 2022 to 2032
Figure 21: North America Market Share Analysis by Country, 2022 to 2032
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 24: North America Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 27: North America Market Share and BPS Analysis by Product, 2022 to 2032
Figure 28: North America Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 30: North America Market Share and BPS Analysis by Application, 2022 to 2032
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 33: Latin America Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 34: Latin America Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 36: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure 37: Latin America Market Share Analysis by Country, 2022 to 2032
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Latin America Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 41: Latin America Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 43: Latin America Market Share and BPS Analysis by Product, 2022 to 2032
Figure 44: Latin America Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 46: Latin America Market Share and BPS Analysis by Application, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 48: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 49: Europe Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 50: Europe Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 52: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure 53: Europe Market Share Analysis by Country, 2022 to 2032
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 57: Europe Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 59: Europe Market Share and BPS Analysis by Product, 2022 to 2032
Figure 60: Europe Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Product, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by Application, 2022 to 2032
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 65: East Asia Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 66: East Asia Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 68: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure 69: East Asia Market Share Analysis by Country, 2022 to 2032
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 71: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 72: East Asia Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 73: East Asia Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 74: East Asia Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 75: East Asia Market Share and BPS Analysis by Product, 2022 to 2032
Figure 76: East Asia Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 78: East Asia Market Share and BPS Analysis by Application, 2022 to 2032
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 82: South Asia & Oceania Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2022 to 2032
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2022 to 2032
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Product, 2022 to 2032
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Product, 2022 to 2032
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2022 to 2032
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 97: MEA Market Value (US$ Million) Historical Analysis, 2017 to 2021
Figure 98: MEA Market Value (US$ Million) Forecast and Analysis, 2022 to 2032
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 100: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure 101: MEA Market Share Analysis by Country, 2022 to 2032
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 105: MEA Market Y-o-Y Growth Projections by Vehicle Type, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by Product, 2022 to 2032
Figure 108: MEA Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Product, 2022 to 2032
Figure 110: MEA Market Share and BPS Analysis by Application, 2022 to 2032
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis by Application, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size of the automotive relay market?
The global automotive relay market in 2022 is valued at US$ 16.1 billion.
How much will the automotive relay market expand by 2032?
By 2032, the global market for automotive relays is slated to reach US$ 26.5 billion.
What is the projected CAGR for the market for the next ten years?
Demand for automotive relays is projected to increase at a 5.1% CAGR through 2032.
Which is the leading application of automotive relays?
Powertrain systems are the leading application of automotive relays.
Which key companies are profiled in this automotive relay research survey?
BorgWarner Inc., DENSO Corporation, Eaton Corporation plc, Fujitsu Limited (Furukawa Co. Ltd.), HELLA GmbH & Co. KGaA, Littelfuse Inc., LS Automotive India Pvt Ltd., Goodsky, OMRON Corporation, Panasonic Corporation, Robert Bosch GmbH, and Siemens AG are
What are the upcoming trends in the automotive relay market?
Rising demand for vehicle safety and increasing adoption of electronic systems in vehicles are expected to positively impact market growth.
Automotive Relay Market