Global Automotive Relay Market was Valued at USD 15.0 billion in 2023 and is Expected to Reach USD 22.3 billion by 2025, Observing a CAGR of 6.0% during 2025 - 2030

Published Date: Mar, 2024

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. excessive transformation of the 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 for automotive relays in commercial as well as passenger vehicles that will further bolster the growth of the global automotive relay market.

The capacitive load segment is expected to generate the largest revenue by 2030 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, the capacitive load segment is expected to generate the largest revenue by 2030. Modern cars in the present scenario require relays for their efficient operation this includes power windows, wipers, air conditioners, door lock systems, and fuel injection.

Global Automotive Relay Market Segmentation and Key Players

Segment / Key Players

Categorization

Product

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

Vehicle Type

Commercial Vehicles, Passenger Vehicles, Electric Vehicles

Application

Capacitive Loads, Resistive Loads, Inductive Loads

Key Players

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.

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 the implementation of safety principles. On the other hand, North America is expected to witness the highest CAGR during the forecast period due to increasing investments attributed to OEMs 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.

Global Automotive Relay Market Coverage

Product Insight and Forecast 2025 – 2030

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

Vehicle Type Insight and Forecast 2025 – 2030

  • Commercial Vehicles
  • Passenger Vehicles
  • Electric Vehicles

Application Insight and Forecast 2025 – 2030

  • 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 the 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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