Key Findings
Upswing in Adoption of Sophisticated Electronics Equipment to Actuate Growth of Automotive Relay Market
While persistent diversification of electric automotive parts has become a necessity, the demand for more number of highly-efficient relays in automotive relay market is revving up. From the standpoint of safety, relays are being heavily relied upon by a substantial margin, thereby posing striking opportunities in automotive relay market. Components equipped with exclusive characteristics such as low noise, latching, and ultra-miniaturization have attained prominence in the automotive relay market. The aforementioned demand is for the sake of providing switching technology keeping up with the latest electronic functions in a car. Going forward, the average count of relays installed per vehicle is foreseen to reach new heights on the backdrop of increased concerns for safety, thereby driving the automotive relay market. Moreover, rising call for sophisticated electronics equipment for flawless performance is one of the preeminent factors pushing growth of automotive relay market. Thriving developments in PCB relays to bring down the vehicular weight and bolster the fuel efficiency is anticipated to provide a stimulus to growth of automotive relay market.
Inadaptability in Embracing New Technologies to Pose Major Challenges in Automotive Relay Market
The cognizance regarding shift to latest technologies among vehicle suppliers and OEM’s is believed to arise soon. Meteoric inventions such as FCEV and BEV have been introduced, yet manufacturers in automotive relay market are reluctant to consider these to keep up with the new age requirements. This reluctance of key industry participants of automotive relay market to embrace the new technologies might limit growth of automotive relay market. Having said that, incorporating microprocessors in relays has been emerged as a latest trend influencing the automotive relay market. Microprocessor based numerical relay is another rapidly evolving type in the automotive relay market, which facilitates flawless communication. Such product innovations need to be leveraged by manufacturers in automotive relay market to attract a larger customer base.
About the Report
The research report on “Automotive Relay Market’ published by Fact.MR for the forecast period of 2017-2022 incorporates a holistic assessment of automotive relay market projecting thoughtful insights, facts, and figures validated by industry experts of automotive relay market. It also contains statistics and rationalities of automotive relay market by making use of a set of relevant and robust methodologies. The research report provides a futuristic analysis of automotive relay market as per various categories such as market segments, regions, types, technologies, and applications.
Market Definition
Automotive relays are employed in electrical systems meant for applications like industrial, automotive, trucks, and heavy equipment. Automotive relays enable controlling of a high current circuit using a lower current circuit. Automotive relays are available in different sizes and shapes, which are used for land and sea based commute. Some of the common applications employing automotive relays include car stereos, horn systems, intermittent wipers, car flashlights, and car antennas.
Additional Questions Answered
- Have automotive relays partially overpowered conventional manual switches or still there is a long way to go?
- What efforts are the manufacturers in automotive relay market making to leverage on increasing demand for EVs and hybrid cars?
- Which segment will lead in automotive relay market in terms of share, PCB relay and plug-in relay?
- How will increasing vogue for premium and mid-priced passenger cars impact the automotive relay market?
Competitive Dynamics
The current ecosystem of automotive relay market is witnessing an exceptional competition among the key industry participants for attaining domination in automotive relay market. This has led to surging consolidation through initiatives such as alliances and acquisitions in the automotive relay market. Some of the major players operating in automotive relay market and included in this report are Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG.
Fact.MR compiled a report on ‘Automotive Relay Market’ for the forecast period of 2017 to 2022. This report on automotive relay market follows both bottom-up and top-down approaches to forecast the future of automotive relay market. The data points included in the report on automotive relay market have been accumulated from various secondary serious and subjected to cross validation by industry experts. In the primary research phase, experts hailing from related industries, manufacturers, and suppliers have been approached to understand the current scenario and future trends in the automotive relay market.
Chapter 1- Executive Summary
This chapter entails a concise and brief summary projecting an optimistic outlook of automotive relay market. This chapter sets the tonality for prophecy of automotive relay market by providing a crisp snapshot of the market scenario of automotive relay market. Also, the executive summary of automotive relay market includes pivotal facts and statistics regarding the dynamic scenario of automotive relay market.
Chapter 2– Overview
This chapter entails a brisk overview of the automotive relay market. This includes a quick introduction of automotive relay market and definition of the same. The year-over-year growth matrix of automotive relay market aids users to gauge the per-year growth of the industry and factors facilitating the growth. Insights on year-over-year growth enables the readers to fetch a broader picture on progression pattern of automotive relay market
Chapter 3– Analysis and Forecast by Product Type
This chapter incorporates an opportunity assessment of automotive relay market by product type. For all the product types featured in the report for automotive relay market, the reader gets lucid insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each product type.
Chapter 4- Analysis and Forecast by Vehicle Type
This chapter addresses the futuristic know-how of automotive relay market by vehicle type. For all types of vehicles included in the taxonomy of automotive relay market report, the reader gets unmatched insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each vehicle type.
Chapter 5- Analysis and Forecast by Application
This chapter pinpoints the outlook of automotive relay market by application. For different applications such as powertrain, body and chasis, safety and security, and so on, this section of the automotive relay market report provides cutting-edge insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each application area of automotive relay market.
Chapter 6– Analysis and Forecast by Sales Channel
This chapter outlines estimations of automotive relay market by sales channel. For all the sales channels included in the report for automotive relay market. The insights on automotive relay market are in the form of revenue (US$ Mn) comparison by region, Y-o-Y growth comparison by region, and market share comparison by region for each of the sales channel.
Chapter 7– Analysis and Forecast by Region
This chapter sheds light on futuristic projections of automotive relay market by region. It addresses primary aspects fueling growth of automotive relay market across regions included in the study. The automotive relay market has been studied across primary regions, which include North America, Latin America, Europe, Japan, APEJ, and Japan.
Chapter 8– North America Automotive Relay Market Analysis and Forecast by Country
This chapter delves into the future growth course of automotive relay market in North America over the forecast timeline. This chapter helps the user to take note of the region-based trends, imparts learning of risks involved, and highlights opportunities to be exploited in the automotive relay market.
Chapter 9– Latin America Automotive Relay Market Analysis and Forecast by Country
This chapter includes ground-breaking insights on the transforming landscape of the Latin America automotive relay market. This chapter offers a synopsis of industry dynamics’ mastery over the growth of automotive relay market in this region.
Chapter 10– Europe Automotive Relay Market Analysis and Forecast by Country
This chapter comprehends research perspectives and cutting-edge insights on growth trajectory of Europe automotive relay market. Also, this section inscribes the demand generators enabling Europe automotive relay market to oscillate over the forecast timespan.
Chapter 11– Japan Automotive Relay Market Analysis and Forecast by Country
This chapter elaborates on the census depicting growth course of Japan automotive relay market and associated insights gauging pace of the growth clip. This section sketches the overall topography of Japan automotive relay market for industry participants to prosper.
Chapter 12– APEJ Automotive Relay Market Analysis and Forecast by Country
This chapter illustrates the growth ambit of APEJ automotive relay market along with factors providing the fillip. This chapter helps users to understand future scope of automotive relay market in APEJ and which segments manufacturers might consider investing for larger profits.
Chapter 13– MEA Automotive Relay Market Analysis and Forecast by Country
This chapter arms the readers with visionary insights on opportunity analysis of MEA automotive relay market. This chapter scrutinizes overall MEA automotive relay market for enabling the readers to stay abreast with latest trends in framing efficient business tactics.
Chapter 14- Company Profile
This chapter includes the names of companies operating in global automotive relay market on the backdrop of their industry foothold, revenue shares, product fortifications, and so on.
Sources-
The data points on automotive relay market has been extracted from a multitude of sources including quarterly budgetary proclamations, organization sites, organization official statements, 10-K and 10-Q filings, yearly reports, nearby daily papers, distributed exchange information, and other information sources.
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Automotive Relay Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022