Press Releases

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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