30 Nov -0001
Rockville, Md. Rising electronic content in vehicles is steadily lifting demand for automotive relays, a market Fact.MR expects to grow from US$ 12 Bn in 2017 to US$ 15.6 Bn by the end of 2022. With every commercially available vehicle carrying at least 20 relays on average, and higher counts in feature-rich models, the components sit quietly behind much of a car's electrical behaviour.
PCB relays lead by product, passenger cars generate the largest share of demand, and the aftermarket is the biggest route to market. Asia Pacific excluding Japan anchors the market, helped by heavy automobile production across China and India.
PCB relays dominate, accounting for more than US$ 9 Bn of sales in 2017, and demand for them is expected to stay ahead of plug-in alternatives. By application, relays used in powertrain systems are gaining ground and are set for a healthy growth rate through the forecast period. Passenger car makers are adopting relays more actively than commercial vehicle producers, and passenger vehicles are expected to contribute over US$ 10 Bn by 2022.
Regionally, Asia Pacific excluding Japan is the largest market and is expected to grow vigorously. North America follows with substantial expansion, drawing on rising sales of EVs fitted with advanced relays, having generated more than US$ 2.4 Bn in 2017. Europe remains lucrative as buyers there lean toward electronically equipped vehicles, with revenue advancing at a stable pace. The aftermarket stays the largest channel, taking in close to US$ 8 Bn in 2017 as replacement demand holds up.
The through-line is clear. As manufacturers pack more electronic features into vehicles, from safety systems to comfort and connectivity, the number of relays each car needs keeps climbing. Because relays are inexpensive to make, automakers can switch between types without straining budgets, which keeps the component embedded across model ranges.
The field mixes semiconductor specialists with established automotive electronics suppliers.
For suppliers, growth follows the rise in electronic content, especially in powertrain and passenger car applications. Investors get a steady market with a broad installed base and reliable replacement demand. Procurement teams can plan around PCB relays leading volume, the aftermarket carrying the largest channel share, and Asia Pacific offering the strongest regional opportunity through 2022.
Fact.MR's study covers the global automotive relay market for the 2017 to 2022 forecast period, with segmentation by product, application, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the electronics trends shaping demand. Further detail is available in the automotive relay market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Automotive Relay Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.