With growing technology in semiconductors, heavy electromagnetic relays have been gradually replaced by the solid state relays, as solid state relays showed high potential in handling or switching power from low to high or vice-verse modes efficiently in the automotive electric circuits. Though solid state relays are expensive than electromagnetic relays, the former relays are anticipated to gradually gain more demand from automakers. Also, increasing incorporation of vehicle features like heated seats/power seats, power windows, windshield wiper/washer systems, sunroof etc., have resulted in more demand for automotive relays.
Increase in Electric Vehicle Sales
The incentives offered by the EU government for purchasing electric vehicles (EV) has significantly boosted the EV sales in the region during 2015-2017. The growing electric vehicle sales have been significantly driving the need for electric contact components like relays and switches, especially in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). In addition, with the enactment of stringent emission norms in the EU region automakers are gradually shifting their production from internal combustion engine vehicles to electric vehicles. As a result, the region is anticipated to experience more demand for and usage in relays, owing to the growing EV demand and sales during the forecast period.
Growing Competition among Manufacturers
The major automotive relay manufacturers in the region include Panasonic Corporation, Omron, Fujitsu, TE connectivity etc., are consistently working to improve relay design and functionality. Currently, solid state relay has become the major focus for most of the manufacturers due to its higher operating benefits compared to the present technology (miniature of the electromagnetic relay). Thus, the manufacturers are looking forward to producing more solid state relays by adopting cost-effective production methods to reduce the high cost of solid state relay in the coming years. The local manufacturers such as Eberspacher also started manufacturing solid state relay for automotive applications to capture the growing demand for electric vehicles. Thus, the region is expected to experience high competition among international and local manufacturers, with their improved and reduced price of solid state relay product offerings.
Key Developments in the Europe Automotive Relay Market:
March 2018: Eberspacher, a Germany based company and an international supplier of automotive parts and components, has launched new solid-state plug-in power mini relay (12V/100 A). The construction of relay is robust and meets high electrical and mechanical demands of automotive applications. Some of the diverse applications of the relay in automotive include onboard systems, electrically heated catalytic converters, vacuum pumps and fan motors.
Europe Automotive Relay Market Major Players: ROBERT BOSCH GMBH, DENSO CORPORATION, PANASONIC CORPORATION, TE CONNECTIVITY LTD, OMRON CORPORATION, amongst others
Reasons to Purchase Europe Automotive Relay Market Report:
OEMs adoption rate of relays in the vehicles during the forecast period
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
Study on the growing electric vehicle trend in the region and its impact on the market.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate Sheet (in excel).
Customization of Europe Automotive Relay Market Report
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1.1 Scope of the Study
1.2 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Europe Automotive Relay Market Insight
3.1 Current Market Scenario
3.2 Industry Attractiveness - Porter's Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Europe Automotive Relay Market Dynamics
5. Europe Automotive Relay Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Application
5.1.1 Locking Systems
5.1.2 Engine Management Module
5.1.3 Motors and Pumps
5.1.5 Others (power window, sunroof, ABS control etc)
5.2 By Type
5.2.1 PCB Relay
5.2.2 Plug-in Relay
5.3 By Vehicle Type
5.3.1 Passenger Car
5.3.2 Commercial vehicle
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Germany Europe Automotive Relay Market (2018-2023)
6.2 United Kingdom Automotive Relay Market (2018-2023)
6.3 France Automotive Relay Market (2018-2023)
6.4 Italy Automotive Relay Market (2018-2023)
6.5 Norway Automotive Relay Market (2018-2023)
6.6 Rest of Europe
7. Competitive Landscape
7.2 Market Share Analysis**
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Robert Bosch GmbH
8.2 Denso Corporation
8.3 Fujitsu Ltd
8.4 Panasonic Corporation
8.5 Mitsuba Corporation
8.6 TE connectivity Ltd
8.7 Omron Corporation
8.8 Hella KGaA Hueck & Co.
8.9 Nidec Corporation
8.10 Johnson Electric
**Subject to Availability on Public Domain