Automotive Relay Global Market Report 2023

Description

“Automotive Relay Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automotive relay market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for automotive relay? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive relay market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: PCB Relays; Plug-in Relays; Other Products

2) By Relay Type: Solid State Relays (SSR); Hybrid; Electromechanical

3) By Vehicle Type: Passenger Vehicles; Commercial Vehicles; Electric Vehicles

4) By Application: Powertrain Systems; Body And Chassis; Convenience; Safety And Security; Driver Information

Companies Mentioned: Fujitsu Ltd.; DENSO ELECTRONICS CORPORATION; Panasonic Corporation; TE Connectivity; OMRON Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the automotive relay market are: Fujitsu Ltd., Denso Electronics Corporation, Panasonic Corporation, TE Connectivity, Omron Corporation, HELLA GmbH & Co. KGaA, Littelfuse Inc., Microchip Technology Inc., Robert Bosch GmbH, Eaton Corporation PLC, ABB Ltd., Sharp Corporation, NEC Corporation, Daesung Electric, and Mouser Electronics Inc

The global automotive relay market grew from $15.45 billion in 2022 to $17.08 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive relay market is expected to grow to $23.42 billion in 2027 at a CAGR of 8.2%.

The automotive relay market consists of sales of potted relays, flasher relays, thermal (standard) flasher, electro-mechanical flasher, led flashers and wig-wag flashers. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Automotive relays are electronically operated switches that open and close circuits electronically. It is designed for DC voltages in retainment systems and passenger consolation that can control power levels in adverse environments. The automotive relay use electromagnetism to operate a higher current circuit in automobiles.

Asia-Pacific was the largest region in the automotive relay market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive relay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main products in the automotive relays category are PCB relays, plug-in relays, and others. Plug-in relays permit an easy exchange within the system and are utilised in applications such as wipers and pumps, energy management, fans, and heaters. The various vehicle types are passenger vehicles, commercial vehicles, and electric vehicles. The different relay types include solid-state relays (SSR), hybrids, and electromechanical that are used in applications such as powertrain systems, body and chassis, convenience, safety and security, and driver information.

The increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive relay market going forward. Passenger vehicles are motor vehicles that transport passengers, whereas commercial vehicles transport a larger number of people for commercial purposes. The high production requires a large number of automotive parts, including automotive relays, to be installed in the new vehicle, thereby promoting the automotive relay market's growth. For instance, according to the China Association of Automobile Manufacturers 2021, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is driving the growth of the automotive heat exchanger market.

Product innovations have emerged as the key trend gaining popularity in the automotive relay market. Major players operating in the automotive relay market are developing innovative products to strengthen their position. For instance, in January 2021, New Yorker Electronics, a US-based company that provides electronic components, developed a new CIT relay and RoHS-compliant A6 Series of automotive relays. This is a lightweight and small relay series that offers low coil power consumption, solderability of +260 °C for 5 seconds, and switching current up to 30A, 1A, and 1C contact configurations. It also possesses an electrical life of 100K cycles with a 10M mechanical life cycle.

In August 2021, Faurecia, a French-based automobile company, acquired a 60% stake in Hella for an undisclosed amount. Through this acquisition, Faurecia aims to accelerate profitable growth by combining both companies' product portfolios and market reach to improve the strategic positioning of the company through innovation in electronic and software content. Hella is a Germany-based company that manufactures electronic components, including automotive relays.

The countries covered in the automotive relay market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The automotive relay market research report is one of a series of new reports from The Business Research Company that provides automotive relay market statistics, including global market size, regional shares, competitors with an automotive relay market share, detailed automotive relay market segments, market trends and opportunities, and any further data you may need to thrive in the automotive relay industry. This automotive relay market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r4128

1. Executive Summary

2. Automotive Relay Market Characteristics

3. Automotive Relay Market Trends And Strategies

4. Automotive Relay Market - Macro Economic Scenario

4.1. COVID-19 Impact On Automotive Relay Market
4.2. Ukraine-Russia War Impact On Automotive Relay Market
4.3. Impact Of High Inflation On Automotive Relay Market

5. Automotive Relay Market Size And Growth

5.1. Global Automotive Relay Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Automotive Relay Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Automotive Relay Market Segmentation

6.1. Global Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
PCB Relays
Plug-in Relays
Other Products
6.2. Global Automotive Relay Market, Segmentation By Relay Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Solid State Relays (SSR)
Hybrid
Electromechanical
6.3. Global Automotive Relay Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
6.4. Global Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Powertrain Systems
Body And Chassis
Convenience
Safety And Security
Driver Information

7. Automotive Relay Market Regional And Country Analysis

7.1. Global Automotive Relay Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Automotive Relay Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Automotive Relay Market

8.1. Asia-Pacific Automotive Relay Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Automotive Relay Market

9.1. China Automotive Relay Market Overview
9.2. China Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Automotive Relay Market

10.1. India Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Automotive Relay Market

11.1. Japan Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Automotive Relay Market

12.1. Australia Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Automotive Relay Market

13.1. Indonesia Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Automotive Relay Market

14.1. South Korea Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Automotive Relay Market

15.1. Western Europe Automotive Relay Market Overview
15.2. Western Europe Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Automotive Relay Market

16.1. UK Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Automotive Relay Market

17.1. Germany Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Automotive Relay Market

18.1. France Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Automotive Relay Market

19.1. Eastern Europe Automotive Relay Market Overview
19.2. Eastern Europe Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Automotive Relay Market

20.1. Russia Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Automotive Relay Market

21.1. North America Automotive Relay Market Overview
21.2. North America Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Automotive Relay Market

22.1. USA Automotive Relay Market Overview
22.2. USA Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Automotive Relay Market

23.1. South America Automotive Relay Market Overview
23.2. South America Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Automotive Relay Market

24.1. Brazil Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Automotive Relay Market

25.1. Middle East Automotive Relay Market Overview
25.2. Middle East Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Automotive Relay Market

26.1. Africa Automotive Relay Market Overview
26.2. Africa Automotive Relay Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Automotive Relay Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Automotive Relay Market Competitive Landscape And Company Profiles

27.1. Automotive Relay Market Competitive Landscape
27.2. Automotive Relay Market Company Profiles
- 27.2.1. Fujitsu Ltd.
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. DENSO ELECTRONICS CORPORATION
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Panasonic Corporation
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. TE Connectivity
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. OMRON Corporation
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Automotive Relay Market

29. Automotive Relay Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer