Global Automotive Relay Market Size study, Propulsion Vehicle Type by Application by Product and Regional Forecasts 2022-2028

Description

List of Tables

Global Automotive Relay Market is valued at approximately USD 15.58 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2028. Automotive Relays are electromechanical relays that are electronically operated switches, used in all types of vehicles such as cars, buses, trucks, trailers, and so on. This instrument is used to enable a small current flow circuit which allows a higher current flow circuit to control and operate vehicular applications. The number of relays depends on the number of features any car provides. Thus, the main driver for this market is the newly engineered and innovative cars that provide more advanced features. A typical car can contain up to 20 relays which can be relocated throughout the vehicle. Some efforts are being made significant to make the automobile's weight lesser and increase the fuel efficiency which has been made possible via 48V mild hybrid architecture. This architecture increases electrification, which is expected to increase the number of relays in the automobile, thus increasing the market growth. Moreover, the advancement in technology and providing new electronic systems in the vehicle with the demand for connected vehicles will help in the growth of the market in future. However, the high cost of Automotive Relay at the initial stage of installation and operational breakdown due to extreme weather conditions can hinder the market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global Automotive Relay Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue in 2021, due to the entrance of automobiles in developing countries like India, and China and the adoption of safety standards that are required to drive the market. The Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing population and a rise in demand for automobiles to drive the market of automobile relays.

Major market players included in this report are:

Mitsuba Corporation

Song Chuan Precision Americas Inc.

Goodsky

TE Connectivity

Omron Corporation

Panasonic Holdings Co., Ltd.,

Xiamen Level King Keep Electronics

American Zettler, Inc.

American Electronic Components, Inc.

CIT Relay & Switch

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Propulsion:

ICE

Electric and Hybrid

By Vehicle Type:

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

By Application:

Powertrain Systems

Body & Chassis

Convenience

Safety & Security

Others

By Product:

PCB relay

Plug-in relay

High Voltage Relay

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period: - 2022 to 2028

Target Audience of the Global Automotive Relay Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Automotive Relay Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global Automotive Relay Market, by Propulsion, 2020-2028 (USD Billion)
- 1.2.3. Global Automotive Relay Market, by Vehicle Type, 2020-2028 (USD Billion)
- 1.2.4. Global Automotive Relay Market, by Application, 2020-2028 (USD Billion)
- 1.2.5. Global Automotive Relay Market, by Product, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Automotive Relay Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Automotive Relay Market Dynamics

3.1. Automotive Relay Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Newly engineered and innovative cars that provides more electronic features
  - 3.1.1.2. Introduction of 48V mild hybrid architecture
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of Automotive relay at initial stage
  - 3.1.2.2. Operational breakdown due to weather condition
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancement in new technologies with new electric systems
  - 3.1.3.2. Increasing demand for connected vehicles

Chapter 4. Global Automotive Relay Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Automotive Relay Market, by Propulsion

6.1. Market Snapshot
6.2. Global Automotive Relay Market by Application, Performance - Potential Analysis
6.3. Global Automotive Relay Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
6.4. Automotive Relay Market, Sub Segment Analysis
- 6.4.1. ICE
- 6.4.2. Electric and Hybrid

Chapter 7. Global Automotive Relay Market, by Vehicle Type

7.1. Market Snapshot
7.2. Global Automotive Relay Market by Application, Performance - Potential Analysis
7.3. Global Automotive Relay Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. Automotive Relay Market, Sub Segment Analysis
- 7.4.1. Passenger Cars
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicles

Chapter 8. Global Automotive Relay Market, by Application

8.1. Market Snapshot
8.2. Global Automotive Relay Market by Application, Performance - Potential Analysis
8.3. Global Automotive Relay Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
8.4. Automotive Relay Market, Sub Segment Analysis
- 8.4.1. Powertrain Systems
- 8.4.2. Body & Chassis
- 8.4.3. Convenience
- 8.4.4. Safety & Security
- 8.4.5. Others

Chapter 9. Global Automotive Relay Market, by Product

9.1. Market Snapshot
9.2. Global Automotive Relay Market by Product, Performance - Potential Analysis
9.3. Global Automotive Relay Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
9.4. Automotive Relay Market, Sub Segment Analysis
- 9.4.1. PCB Relay
- 9.4.2. Plug-in Relay
- 9.4.3. High Voltage Relay
- 9.4.4. Others

Chapter 10. Global Automotive Relay Market, Regional Analysis

10.1. Automotive Relay Market, Regional Market Snapshot
10.2. North America Automotive Relay Market
- 10.2.1. U.S. Automotive Relay Market
  - 10.2.1.1. Propulsion estimates & forecasts, 2018-2028
  - 10.2.1.2. Vehicle Type estimates & forecasts, 2018-2028
  - 10.2.1.3. Application estimates & forecasts, 2018-2028
  - 10.2.1.4. Product estimates & forecasts, 2018-2028
- 10.2.2. Canada Automotive Relay Market
10.3. Europe Automotive Relay Market Snapshot
- 10.3.1. U.K. Automotive Relay Market
- 10.3.2. Germany Automotive Relay Market
- 10.3.3. France Automotive Relay Market
- 10.3.4. Spain Automotive Relay Market
- 10.3.5. Italy Automotive Relay Market
- 10.3.6. Rest of Europe Automotive Relay Market
10.4. Asia-Pacific Automotive Relay Market Snapshot
- 10.4.1. China Automotive Relay Market
- 10.4.2. India Automotive Relay Market
- 10.4.3. Japan Automotive Relay Market
- 10.4.4. Australia Automotive Relay Market
- 10.4.5. South Korea Automotive Relay Market
- 10.4.6. Rest of Asia Pacific Automotive Relay Market
10.5. Latin America Automotive Relay Market Snapshot
- 10.5.1. Brazil Automotive Relay Market
- 10.5.2. Mexico Automotive Relay Market
10.6. Rest of The World Automotive Relay Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies
11.2. Company Profiles
- 11.2.1. Mitsuba Corporation
  - 11.2.1.1. Key Information
  - 11.2.1.2. Overview
  - 11.2.1.3. Financial (Subject to Data Availability)
  - 11.2.1.4. Product Summary
  - 11.2.1.5. Recent Developments
- 11.2.2. Song Chuan Precision Company
- 11.2.3. Goodsky
- 11.2.4. TE Connectivity
- 11.2.5. Omron Corporation
- 11.2.6. Panasonic
- 11.2.7. Xiamen Level King Keep Electronics
- 11.2.8. American Zettler, Inc.
- 11.2.9. American Electronic Components, Inc.
- 11.2.10. CIT Relay & Switch

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Automotive Relay market, report scope
TABLE 2. Global Automotive Relay market estimates & forecasts by Region 2018-2028 (USD Billion)
TABLE 3. Global Automotive Relay market estimates & forecasts by Propulsion 2018-2028 (USD Billion)
TABLE 4. Global Automotive Relay market estimates & forecasts by Vehicle Type 2018-2028 (USD Billion)
TABLE 5. Global Automotive Relay market estimates & forecasts by Application 2018-2028 (USD Billion)
TABLE 6. Global Automotive Relay market estimates & forecasts by Product 2018-2028 (USD Billion)
TABLE 7. Global Automotive Relay market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 8. Global Automotive Relay market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 9. Global Automotive Relay market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 10. Global Automotive Relay market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 11. Global Automotive Relay market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 12. Global Automotive Relay market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 13. Global Automotive Relay market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 14. Global Automotive Relay market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 15. Global Automotive Relay market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 16. Global Automotive Relay market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 17. U.S. Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 18. U.S. Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 19. U.S. Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 20. Canada Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 21. Canada Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 22. Canada Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 23. UK Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 24. UK Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 25. UK Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 26. Germany Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 27. Germany Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 28. Germany Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 29. RoE Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 30. RoE Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 31. RoE Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 32. China Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 33. China Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 34. China Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 35. India Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 36. India Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 37. India Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 38. Japan Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 39. Japan Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 40. Japan Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 41. RoAPAC Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 42. RoAPAC Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 43. RoAPAC Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 44. Brazil Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 45. Brazil Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 46. Brazil Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 47. Mexico Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 48. Mexico Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 49. Mexico Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 50. RoLA Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 51. RoLA Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 52. RoLA Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 53. Row Automotive Relay market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 54. Row Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 55. Row Automotive Relay market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Automotive Relay market
TABLE 57. List of primary sources, used in the study of global Automotive Relay market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Automotive Relay market, research methodology
FIG 2. Global Automotive Relay market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Automotive Relay market, key trends 2021
FIG 5. Global Automotive Relay market, growth prospects 2022-2028
FIG 6. Global Automotive Relay market, porters 5 force model
FIG 7. Global Automotive Relay market, pest analysis
FIG 8. Global Automotive Relay market, value chain analysis
FIG 9. Global Automotive Relay market by segment, 2018 & 2028 (USD Billion)
FIG 10. Global Automotive Relay market by segment, 2018 & 2028 (USD Billion)
FIG 11. Global Automotive Relay market by segment, 2018 & 2028 (USD Billion)
FIG 12. Global Automotive Relay market by segment, 2018 & 2028 (USD Billion)
FIG 13. Global Automotive Relay market by segment, 2018 & 2028 (USD Billion)
FIG 14. Global Automotive Relay market, regional snapshot 2018 & 2028
FIG 15. North America Automotive Relay market 2018 & 2028 (USD Billion)
FIG 16. Europe Automotive Relay market 2018 & 2028 (USD Billion)
FIG 17. Asia pacific market 2018 & 2028 (USD Billion)
FIG 18. Latin America Automotive Relay market 2018 & 2028 (USD Billion)
FIG 19. Global Automotive Relay market, company market share analysis (2021)