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
Vehicle Type Insight and Forecast 2015 – 2025
Application Insight and Forecast 2015 – 2025
Geographical Segmentation
Automotive Relay Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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