Automotive Relay Market Share and Scope by 2031
The automotive relay market is expected to register a CAGR of 6.1% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Automotive Relay Market Analysis
- The market is anticipated to grow as a result of the increasing application of automation in the automotive industry.
- The growing demand for electric and hybrid vehicles is also one of the prime factors boosting the demand for relays.
- Additionally, new market opportunities are anticipated as a result of the development of advanced relays that can manage high currents and voltages.
- The growing demand for advanced safety features in cars, along with the growing acceptance of automation in the automotive industry, is anticipated to have a significant positive influence in the coming years.
Automotive Relay Market Overview
- The rising consumer focus on advanced safety features, along with the mounting sales of electric and hybrid vehicles, are acting as major driving factors for the market.
- The increasing application of automation in the automotive sector is also contributing to the significant growth of the global automotive relay market over the forecast period.
- The market for automotive relays exists to provide electrical solutions for application in automobiles. Plug-in relays, PCB relays, and high-voltage relays are just a few of the types of relays available on the market to meet the diverse needs of the automotive industry.
- The market is anticipated to grow significantly due to vehicles' electric systems requiring a large number of relays for control.
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Automotive Relay Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Relay Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Relay Market Drivers and Opportunities
Growing Electrification in the Automotive Sector to Favor the Market
- The prevailing trend of vehicle electrification is a major factor driving the global automotive relay market.
- In both conventional and electric vehicles (EVs), this transformation entails a greater integration of electronic parts and electric systems.
- Automotive relays are becoming more and more essential as vehicles' electrical systems become more sophisticated. Relays are required in the conversion of internal combustion engines (ICE) to electric powertrains in plug-in vehicles (EVs) in order to regulate a variety of systems, including charging circuits, battery management systems, and motor drives. Relays guarantee these parts operate safely and effectively.
- Relays are used by advanced driver assistance and safety (ADAS) technologies such as automated braking systems, adaptive cruise control, and lane-keeping assistance to switch and control sensors and actuators.
- Relays are used in hybrid vehicles, which combine conventional internal combustion engines with electric powertrains to manage energy flows, increase efficiency, and coordinate the operation of both systems.
Technological Advancement in the Automotive Sector
- Higher switching capacity relays are required for autonomous, hybrid, and electric vehicles.
- Relays are used for DC charging interfaces, as well as main and pre-charging, in electric vehicles. With its patent-protected EV relay line, Panasonic offers relays that can withstand harsh short-circuit conditions and adjust to higher system voltages.
- Relays are becoming more essential as a result of the tremendous growth in sales of hybrid and electric vehicles. Higher battery and motor capacities are also being developed for electric vehicles in order to improve their efficiency and performance in the quickly expanding market for these vehicles.
Automotive Relay Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive relay market analysis are vehicle type.
- Based on type, the automotive relay market is divided into PCB relays, protective relays, high voltage relays, and plug-in relays.
- Based on application, the automotive relay market is divided into locking systems, engine management modules, lamps/lights, and others.
Automotive Relay Market Share Analysis by Geography
- The automotive relay market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive relay market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive relay market in these regions.
Automotive Relay Market Report Scope
Automotive Relay Market News and Recent Developments
The automotive relay market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive relay market are listed below:
- Pickering Interfaces, the leading supplier of modular signal switching & simulation solutions for use in electronic test & verification, today announced its new 40/42-890 family of modular, flexible PXI/PXIe microwave switches, bringing highly configurable RF switching solutions up to 110GHz to the PXI platform. Debuting at AUTOTESTCON, this new range will support the latest and most demanding RF and communications test requirements as operating frequencies continue to evolve to ever higher levels. (Source: Pickering Interfaces, Company Website, August 2023)
- Toshiba Electronics Europe GmbH (“Toshiba”) has released a new photovoltaic output photocoupler with an enhanced open-circuit voltage. The new device is primarily intended for use within solid-state relay (SSR) applications in automotive. However, it can equally be used in industrial applications, such as renewable energy. (Source: Toshiba Electronics Europe GmbH, Company Website, December 2023)
Automotive Relay Market Report Coverage and Deliverables
The “Automotive Relay Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive relay market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive relay market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive relay market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive relay market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive relay market is expected to grow at a CAGR of 6.1% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive relay market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive relay market in the coming years.
The leading players operating in the automotive relay market are ABB Ltd, Honda Motor Co. Ltd, American Zettler Inc., Panasonic Corporation, Denso Corporation, Nippon-Aleph, Omron Corporation, and NEC Corporation.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Relay Market - By Type
1.3.2 Automotive Relay Market - By Application
1.3.3 Automotive Relay Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE RELAY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE RELAY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE RELAY MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE RELAY - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE RELAY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AUTOMOTIVE RELAY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PCB RELAY
7.3.1. Overview
7.3.2. PCB Relay Market Forecast and Analysis
7.4. PROTECTIVE RELAY
7.4.1. Overview
7.4.2. Protective Relay Market Forecast and Analysis
7.5. HIGH VOLTAGE RELAY
7.5.1. Overview
7.5.2. High Voltage Relay Market Forecast and Analysis
7.6. PLUG-IN RELAY
7.6.1. Overview
7.6.2. Plug-in Relay Market Forecast and Analysis
8. AUTOMOTIVE RELAY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LOCKING SYSTEM
8.3.1. Overview
8.3.2. Locking System Market Forecast and Analysis
8.4. ENGINE MANAGEMENT MODULE
8.4.1. Overview
8.4.2. Engine Management Module Market Forecast and Analysis
8.5. LAMPS/LIGHTS
8.5.1. Overview
8.5.2. Lamps/Lights Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AUTOMOTIVE RELAY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Relay Market Overview
9.1.2 North America Automotive Relay Market Forecasts and Analysis
9.1.3 North America Automotive Relay Market Forecasts and Analysis - By Type
9.1.4 North America Automotive Relay Market Forecasts and Analysis - By Application
9.1.5 North America Automotive Relay Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Relay Market
9.1.5.1.1 United States Automotive Relay Market by Type
9.1.5.1.2 United States Automotive Relay Market by Application
9.1.5.2 Canada Automotive Relay Market
9.1.5.2.1 Canada Automotive Relay Market by Type
9.1.5.2.2 Canada Automotive Relay Market by Application
9.1.5.3 Mexico Automotive Relay Market
9.1.5.3.1 Mexico Automotive Relay Market by Type
9.1.5.3.2 Mexico Automotive Relay Market by Application
9.2. EUROPE
9.2.1 Europe Automotive Relay Market Overview
9.2.2 Europe Automotive Relay Market Forecasts and Analysis
9.2.3 Europe Automotive Relay Market Forecasts and Analysis - By Type
9.2.4 Europe Automotive Relay Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive Relay Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Relay Market
9.2.5.1.1 Germany Automotive Relay Market by Type
9.2.5.1.2 Germany Automotive Relay Market by Application
9.2.5.2 France Automotive Relay Market
9.2.5.2.1 France Automotive Relay Market by Type
9.2.5.2.2 France Automotive Relay Market by Application
9.2.5.3 Italy Automotive Relay Market
9.2.5.3.1 Italy Automotive Relay Market by Type
9.2.5.3.2 Italy Automotive Relay Market by Application
9.2.5.4 United Kingdom Automotive Relay Market
9.2.5.4.1 United Kingdom Automotive Relay Market by Type
9.2.5.4.2 United Kingdom Automotive Relay Market by Application
9.2.5.5 Russia Automotive Relay Market
9.2.5.5.1 Russia Automotive Relay Market by Type
9.2.5.5.2 Russia Automotive Relay Market by Application
9.2.5.6 Rest of Europe Automotive Relay Market
9.2.5.6.1 Rest of Europe Automotive Relay Market by Type
9.2.5.6.2 Rest of Europe Automotive Relay Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Relay Market Overview
9.3.2 Asia-Pacific Automotive Relay Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Relay Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automotive Relay Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive Relay Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Relay Market
9.3.5.1.1 Australia Automotive Relay Market by Type
9.3.5.1.2 Australia Automotive Relay Market by Application
9.3.5.2 China Automotive Relay Market
9.3.5.2.1 China Automotive Relay Market by Type
9.3.5.2.2 China Automotive Relay Market by Application
9.3.5.3 India Automotive Relay Market
9.3.5.3.1 India Automotive Relay Market by Type
9.3.5.3.2 India Automotive Relay Market by Application
9.3.5.4 Japan Automotive Relay Market
9.3.5.4.1 Japan Automotive Relay Market by Type
9.3.5.4.2 Japan Automotive Relay Market by Application
9.3.5.5 South Korea Automotive Relay Market
9.3.5.5.1 South Korea Automotive Relay Market by Type
9.3.5.5.2 South Korea Automotive Relay Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive Relay Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Relay Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automotive Relay Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Relay Market Overview
9.4.2 Middle East and Africa Automotive Relay Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Relay Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automotive Relay Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive Relay Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Relay Market
9.4.5.1.1 South Africa Automotive Relay Market by Type
9.4.5.1.2 South Africa Automotive Relay Market by Application
9.4.5.2 Saudi Arabia Automotive Relay Market
9.4.5.2.1 Saudi Arabia Automotive Relay Market by Type
9.4.5.2.2 Saudi Arabia Automotive Relay Market by Application
9.4.5.3 U.A.E Automotive Relay Market
9.4.5.3.1 U.A.E Automotive Relay Market by Type
9.4.5.3.2 U.A.E Automotive Relay Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive Relay Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Relay Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automotive Relay Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Relay Market Overview
9.5.2 South and Central America Automotive Relay Market Forecasts and Analysis
9.5.3 South and Central America Automotive Relay Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automotive Relay Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive Relay Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Relay Market
9.5.5.1.1 Brazil Automotive Relay Market by Type
9.5.5.1.2 Brazil Automotive Relay Market by Application
9.5.5.2 Argentina Automotive Relay Market
9.5.5.2.1 Argentina Automotive Relay Market by Type
9.5.5.2.2 Argentina Automotive Relay Market by Application
9.5.5.3 Rest of South and Central America Automotive Relay Market
9.5.5.3.1 Rest of South and Central America Automotive Relay Market by Type
9.5.5.3.2 Rest of South and Central America Automotive Relay Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE RELAY MARKET, KEY COMPANY PROFILES
11.1. BETA ELECTRIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ABB LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONDA MOTOR CO. LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. AMERICAN ZETTLER INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PANASONIC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DENSO CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON-ALEPH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OMRON CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NEC CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SALZER ELECTRONICS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Beta Electric
2.ABB Ltd
3.Honda Motor Co. Ltd
4.American Zettler Inc.
5.Panasonic Corporation
6.Denso Corporation
7.Nippon-Aleph
8.Omron Corporation
9.NEC Corporation
10.Salzer Electronics Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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