PUBLISHER: Allied Market Research | PRODUCT CODE: 1139941
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139941
A relay is an electromagnetic switch operated by a relatively small electric current that can turn on or off a much larger electric current. Relays are switches that can be controlled by electrical power such as another switch or control module. The purpose of an automotive relay is to automate electrical circuits on and off. Moreover, at the same time, the relay can switch between multiple circuits operating on different voltages.
The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for passenger safety and comfort is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes. Dramatic change from usage of mechanical parts to electronic parts is anticipated to fortify demand for automotive relays up to a great degree during the forecast period
The automotive relay market is segmented on the basis of propulsion, vehicle type, application, product, and region. By propulsion, it is divided into ICE and electric & hybrid. By vehicle type, it is segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). By application, it is divided into powertrain system, body & chassis, convenience, safety & security, and others. By product, it is divided into PCB, plug-in relay, high voltage relay, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market are American Electronic Components, American Zettler, Inc., Circuit Interruption Technology, Inc, Denso Corporation, Fujitsu, Goodsky Electric Co. Ltd., HELLA GmbH & CO. KGAA, Xiamen Hongfa Electroacoustic Co., Ltd, Littlefuse Inc, LS Automotive, Mitsuba Corporation, Omron Corporation, Panasonic Corporation, Robert Bosch Gmbh, Song Chuan Precision Company, TE Connectivity, and Xiamen Level King Keep Electronics
Key Benefits For Stakeholders
Key Market Segments
By Propulsion
By Vehicle Type
By Application
By Product
By Region