Global Automotive Relay Market was Valued at USD 15.0 billion in 2019 and is Expected to Reach USD 20.3 billion by 2025, Observing a CAGR of 5.0% during 2020–2025

Published Date: Apr, 2020

The global automotive relay market was valued at USD 15.0 billion in 2019 and is expected to reach USD 20.3 billion by 2025, growing at a CAGR of 5.0% during 2020-2025. excessive transformation of automotive industry from traditional to electrification has led to extensive use of electronic components in a vehicle that is further contributing towards accentuating the demand of automotive relay in the commercial as well as passenger vehicles that will further bolster the growth of global automotive relay market.

The capacitive load segment is expected to generate largest revenue by 2025 in the global automotive relay market

Based on application, the global automotive relay market is categorized into capacitive loads, resistive loads, and inductive loads. Among all, capacitive load segment is expected to generate largest revenue by 2025. Modern cars in the present scenario require relay for their efficient operation this includes power window, wiper, air conditioner, door lock system and fuel injection.

Global Automotive Relay Market Segmentation Analysis

Segment

Categorization

Leading Category

Product

Plug-In Relay, PCB Relay, High Voltage Relay, and Others

PCB (Largest)

Vehicle Type

Commercial Vehicles, Passenger Vehicles, and Electric Vehicles

Passenger Vehicles (Fastest)

Application

Capacitive Loads, Resistive Loads, and Inductive Loads

Capacitive Loads (Faster)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

North America (Fastest)

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Geography Insight

Geographically, Asia-Pacific was the largest automotive relay market in 2019. This is owing to the high penetration of automobiles in emerging countries such as China along with implementation of safety principles. On the other hand, North America is expected to witness highest CAGR during the forecast period due to increasing investments attributed towards OEMs in order to create electric vehicles.

Competitive Insight

Some of the key 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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Product, Vehicle Type, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, and Spain), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

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

Global Automotive Relay Market Coverage

Product Insight and Forecast 2015 – 2025

  • Plug-In Relay
  • PCB Relay
  • High Voltage Relay
  • Others

Vehicle Type Insight and Forecast 2015 – 2025

  • Commercial Vehicles
  • Passenger Vehicles
  • Electric Vehicles

Application Insight and Forecast 2015 – 2025

  • Capacitive Loads
  • Resistive Loads
  • Inductive Loads

Geographical Segmentation

Automotive Relay Market by Region

North America

  • By Product
  • By Vehicle Type
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product
  • By Vehicle Type
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Product
  • By Vehicle Type
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product
  • By Vehicle Type
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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Global Automotive Relay Market was Valued at USD 15.0 billion in 2019 and is Expected to Reach USD 20.3 billion by 2025, Observing a CAGR of 5.0% during 2020–2025