Automotive Relay Market

Industry Overview

The Global Automotive Relay Market was valued at USD 15.0 billion in 2023 and is expected to reach USD 22.3 billion by 2030, growing at a CAGR of 6.0% during 2025-2030. The extensive adoption of electric content in passenger & commercial vehicles is supporting the upliftment in the growth of various applications that are further contributing towards the growth of the global automotive relay market. Additionally, the extensive importance of security and safety features in a vehicle and the excessive adoption of sophisticated electronic devices are other factors in the growth of the global automotive relay market.

A relay is an electric switch that mechanically operates the switch with the help of an electromagnet. It is extensively used in scenarios where the need for separating a low-power signal from a circuit is not required. Automotive relays of different shapes and sizes are used in both sea and land vehicles. The automotive relays have greater applicability in car alarm systems, flashlights, antennas, horns, anti-locking brake systems, and intermittent wipers due to extensive demand automotive relay market is witnessing significant growth globally.

Market Segmentation

Insight by Product

Based on product, the global automotive relay market is categorized into plug-in relays, PCB relays, high-voltage relays, and others. Amongst these segments, PCB relays are expected to generate the largest revenue by 2025 as this product is used rampantly in various electronic applications such as cruise control, power steering, ABS, power windows, doors, and sunroofs.

Insight by Vehicle Type

Based on vehicle type, the global automotive relay market is segmented into commercial vehicles, passenger vehicles, and electric vehicles. Of all, passenger vehicles are anticipated to generate the largest revenue by 2030 as government authorities globally are providing lucrative offers to promote the use of electric vehicles and thereby promote the selling of these electric vehicles.

Global Automotive Relay Market Report Coverage

Industry Dynamics

Industry Trends

Increasing demand for higher switching capacity relays and increasing concerns about the safety of a vehicle from government authorities are the key trends observed in the global automotive relay market. Switching of supplementary devices that are required for security, infotainment, safety, and communications requires additional relays as compared to the basic relays that are used in powertrain systems.

Growth Drivers

Increasing demand for luxury & comfort, extensive adoption of electric vehicles, and vehicular safety techniques are the key factors that are driving the growth of the global automotive relay market. Several systems that require enhancing the safety feature of their vehicle along with providing comfort to the passengers can avail it by installing automotive relay systems. Moreover, increasing demand for comfort and safety systems is another factor accentuating the demand of the global automotive relay market.

Challenges

Lack of standardized design of relay, availability of smart fuse box and connected smart junction box for autonomous cars are the factors that are anticipated to hamper the growth of the global automotive relay market.

Geographic Overview

Geographically, Asia-Pacific is expected to generate the largest revenue by 2030. The APAC market is growing due to the extensive penetration of automobiles in emerging countries such as China along with the implementation of safety principles. Moreover, increasing vehicle demand in countries such as China and Japan are other factors bolstering the growth of the automotive relay market in Asia-Pacific.

North America is anticipated to witness the highest CAGR during the forecast period. The growth of the automotive relay market in this region is attributed to increasing investments toward OEMs to create electric vehicles. In addition, the extensive acceptance of automotive relays in the vehicle system is another factor driving the growth of the automotive relay market in North America.

Competitive Insight

Key players in the global automotive relay market are catering to the demand for these devices by investing in technologically advanced products in their global product portfolio. The key players operating in the automotive relay market are entering into strategic partnerships and alliances to gain competitive efficiencies. For instance, in March 2018, Littelfuse acquired TE Connectivity by acquiring its circuit protection business. Additionally, the acquisition further strengthened the product portfolio of the business by massively escalating its operation in automotive electronics.

Some of the major players operating in the global automotive relay market are Mouser Electronics, Inc., Fujitsu, Omron Corporation, Eaton Corporation plc, Hella KGaA Hueck & Co., ABB Group, TE Connectivity Corporation, Denso Corporation, Panasonic Corporation, American Zettler, Nippon-Aleph, NEC Corporation, Daesung Electric, and Sharp Corporation.

Forecast Parameters

• - Identifying variables and establishing market impact.
• - Establishing market trends regionally.
• - Analyzing opportunities and market penetration rates by understanding product commercialization, and regional expansion.
• - Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
• - Analyzing sustainability strategies adhered to by market participants in an attempt to determine the future course of the market.
• - Analyzing historical market trends and super-imposing them on the current and future variables to determine year-on-year trends.
• - Understanding adoption, production, export, import, and regulatory framework.

Data Validation

• - Estimated and forecasted data was validated through industry experts.
• - Apart from industry experts, data triangulation methods were used for validation.
• -The bottom-up and top-down approaches have been used for the estimation and forecast of market data, whereas the top-down approach was used for validation.
• - Demand as well as supply side surveys were conducted to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising consumers are also conducted to understand consumer behavior.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 
        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Product
                1.2.2.    By Vehicle Type
                1.2.3.    Application
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product
                5.1.1.    Plug-In Relay
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2030
                5.1.2.    PCB Relay
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030
                5.1.3.    High Voltage Relay
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2030
                5.1.4.    Others
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2030
        5.2.    By Vehicle Type    
                5.2.1.    Commercial Vehicles 
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Passenger Vehicles
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030
                5.2.3.    Electric  Vehicles
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2030
        5.3.    By Application
                5.3.1.    Capacitive Loads
                        5.3.1.1.    Market Definition
                        5.3.1.2.    Market Estimation and Forecast to 2030
                5.3.2.    Resistive Loads
                        5.3.2.1.    Market Definition
                        5.3.2.2.    Market Estimation and Forecast to 2030
                5.3.3.    Inductive Loads
                        5.3.3.1.    Market Definition
                        5.3.3.2.    Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Product
        6.2.    By Vehicle Type
        6.3.    Application
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Product
        7.2.    By Vehicle Type
        7.3.    Application
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Spain Market Estimate and Forecast
                7.4.5.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Product
        8.2.    By Vehicle Type
        8.3.    Application
        8.4.    By Country 
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Product
        9.2.    By Vehicle Type
        9.3.    Application
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    U.A.E. Market Estimate and Forecast
                9.4.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Mouser Electronics, Inc.
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Fujitsu
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.     Omron Corporation
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Eaton Corporation plc
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments

        10.5.    Hella KGaA Hueck & Co.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments

        10.6.    ABB Group
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    TE Connectivity Corporation
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Denso Corporation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments

        10.9.    Panasonic Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    American Zettler
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments

        10.11.    Nippon-Aleph
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments

        10.12.    NEC Corporation
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments

        10.13.    Daesung Electric 
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments

        10.14.    Sharp Corporation
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Automotive Relay Market Size, by Product, 2018 – 2023 (USD Billion)
Table 5 Global Automotive Relay Market Size, by Product, 2025 – 2030 (USD Billion)
Table 6 Global Automotive Relay Market Size, by Vehicle Type, 2018 – 2023 (USD Billion)
Table 7 Global Automotive Relay Market Size, by Vehicle Type, 2025 – 2030 (USD Billion)
Table 8 Global Automotive Relay Market Size, by Application, 2018 – 2023 (USD Billion)
Table 9 Global Automotive Relay Market Size, by Application, 2025 – 2030 (USD Billion)
Table 10 Global Automotive Relay Market Size, by Region, 2018 – 2023 (USD Billion)
Table 11 Global Automotive Relay Market Size, by Region, 2025 – 2030 (USD Billion)
Table 12 North America Automotive Relay Market Size, by Product, 2018 – 2023 (USD Billion)
Table 13 North America Automotive Relay Market Size, by Product, 2025 – 2030 (USD Billion)
Table 14 North America Automotive Relay Market Size, by Vehicle Type, 2018 – 2023 (USD Billion)
Table 15 North America Automotive Relay Market Size, by Vehicle Type, 2025 – 2030 (USD Billion)
Table 16 North America Automotive Relay Market Size, by Application, 2018 – 2023 (USD Billion)
Table 17 North America Automotive Relay Market Size, by Application, 2025 – 2030 (USD Billion)
Table 18 North America Automotive Relay Market Size, by Country, 2018 – 2023 (USD Billion)
Table 19 North America Automotive Relay Market Size, by Country, 2025 – 2030 (USD Billion)
Table 20 Europe Automotive Relay Market Size, by Product, 2018 – 2023 (USD Billion)
Table 21 Europe Automotive Relay Market Size, by Product, 2025 – 2030 (USD Billion)
Table 22 Europe Automotive Relay Market Size, by Vehicle Type, 2018 – 2023 (USD Billion)
Table 23 Europe Automotive Relay Market Size, by Vehicle Type, 2025 – 2030 (USD Billion)
Table 24 Europe Automotive Relay Market Size, by Application, 2018 – 2023 (USD Billion)
Table 25 Europe Automotive Relay Market Size, by Application, 2025 – 2030 (USD Billion)
Table 26 Europe Automotive Relay Market Size, by Country, 2018 – 2023 (USD Billion)
Table 27 Europe Automotive Relay Market Size, by Country, 2025 – 2030 (USD Billion)
Table 28 Asia-Pacific Automotive Relay Market Size, by Product, 2018 – 2023 (USD Billion)
Table 29 Asia-Pacific Automotive Relay Market Size, by Product, 2025 – 2030 (USD Billion)
Table 30 Asia-Pacific Automotive Relay Market Size, by Vehicle Type, 2018 – 2023 (USD Billion)
Table 31 Asia-Pacific Automotive Relay Market Size, by Vehicle Type, 2025 – 2030 (USD Billion)
Table 32 Asia-Pacific Automotive Relay Market Size, by Application, 2018 – 2023 (USD Billion)
Table 33 Asia-Pacific Automotive Relay Market Size, by Application, 2025 – 2030 (USD Billion)
Table 34 Asia-Pacific Automotive Relay Market Size, by Country, 2018 – 2023 (USD Billion)
Table 35 Asia-Pacific Automotive Relay Market Size, by Country, 2025 – 2030 (USD Billion)
Table 36 RoW Automotive Relay Market Size, by Product, 2018 – 2023 (USD Billion)
Table 37 RoW Automotive Relay Market Size, by Product, 2025 – 2030 (USD Billion)
Table 38 RoW Automotive Relay Market Size, by Vehicle Type, 2018 – 2023 (USD Billion)
Table 39 RoW Automotive Relay Market Size, by Vehicle Type, 2025 – 2030 (USD Billion)
Table 40 RoW Automotive Relay Market Size, by Application, 2018 – 2023 (USD Billion)
Table 41 RoW Automotive Relay Market Size, by Application, 2025 – 2030 (USD Billion)
Table 42 RoW Automotive Relay Market Size, by Country, 2018 – 2023 (USD Billion)
Table 43 RoW Automotive Relay Market Size, by Country, 2025 – 2030 (USD Billion)
Table 44 Snapshot – Mouser Electronics, Inc.
Table 45 Snapshot – Fujitsu
Table 46 Snapshot – Omron Corporation
Table 47 Snapshot – Eaton Corporation plc
Table 48 Snapshot – Hella KGaA Hueck & Co.
Table 49 Snapshot – ABB Group
Table 50 Snapshot – TE Connectivity Corporation
Table 51 Snapshot – Denso Corporation
Table 52 Snapshot – Panasonic Corporation
Table 53 Snapshot – American Zettler
Table 54 Snapshot – Nippon-Aleph
Table 55 Snapshot – NEC Corporation
Table 56 Snapshot – Daesung Electric
Table 57 Snapshot – Sharp Corporation

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Automotive Relay Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Automotive Relay Market Highlight
Figure 12 Global Automotive Relay Market Size, by Product, 2018 - 2030 (USD Billion)
Figure 13 Global Automotive Relay Market Size, by Vehicle Type, 2018 - 2030 (USD Billion)
Figure 14 Global Automotive Relay Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 15 Global Automotive Relay Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America Automotive Relay Market Highlight
Figure 17 North America Automotive Relay Market Size, by Product, 2018 - 2030 (USD Billion)
Figure 18 North America Automotive Relay Market Size, by Vehicle Type, 2018 - 2030 (USD Billion)
Figure 19 North America Automotive Relay Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 20 North America Automotive Relay Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 21 Europe Automotive Relay Market Highlight
Figure 22 Europe Automotive Relay Market Size, by Product, 2018 - 2030 (USD Billion)
Figure 23 Europe Automotive Relay Market Size, by Vehicle Type, 2018 - 2030 (USD Billion)
Figure 24 Europe Automotive Relay Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 25 Europe Automotive Relay Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Automotive Relay Market Highlight
Figure 27 Asia-Pacific Automotive Relay Market Size, by Product, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Automotive Relay Market Size, by Vehicle Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Automotive Relay Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Automotive Relay Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 31 RoW Automotive Relay Market Highlight
Figure 32 RoW Automotive Relay Market Size, by Product, 2018 - 2030 (USD Billion)
Figure 33 RoW Automotive Relay Market Size, by Vehicle Type, 2018 - 2030 (USD Billion)
Figure 34 RoW Automotive Relay Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 35 RoW Automotive Relay Market Size, by Country, 2018 - 2030 (USD Billion)