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Automotive Relay Market

Automotive Relay Market

Automotive Relay Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Automotive Relay Market
FACT18MR
  • Jul-2017
  • List of Tables : 287
  • List of Figures : 87
  • 170 Pages
  • Automotive

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 the 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 the 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 to keep 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, the rising call for sophisticated electronics equipment for flawless performance is one of the preeminent factors pushing the growth of the 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 the growth of the automotive relay market.

Inadaptability in Embracing New Technologies to Pose Major Challenges in Automotive Relay Market

The cognizance regarding the shift to the latest technologies among vehicle suppliers and OEMs is believed to arise soon.

Meteoric inventions such as FCEV and BEV have been introduced, yet manufacturers in the automotive relay market are reluctant to consider these to keep up with the new age requirements.

This reluctance of key industry participants of the automotive relay market to embrace the new technologies might limit the growth of the automotive relay market. Having said that, incorporating microprocessors in relays has been emerged as the 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 the automotive relay market to attract a larger customer base.

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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 the automotive relay market projecting thoughtful insights, facts, and figures validated by industry experts of the automotive relay market.

It also contains statistics and rationalities of the automotive relay market by making use of a set of relevant and robust methodologies. The research report provides a futuristic analysis of the automotive relay market as per various categories such as market segments, regions, types, technologies, and applications.

An Adaptive Approach to Modern-day Research Needs

Market Definition

Automotive relays are employed in electrical systems meant for applications like industrial, automotive, trucks, and heavy equipment. Automotive relays enable the 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 the automotive relay market making to leverage on increasing demand for EVs and hybrid Electric vehicles?
  • Which segment will lead in the 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?

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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
  • Infineon Technologies AG.

- FAQs -

The automotive relay market was valued at US$ 12,030.9 Mn in 2017 and is envisioned to value around US$ 15,692.5 Mn by 2022 end.
Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation etc. are tehe Key Players of Automotive Relay Market.

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