Global Automotive Relay Market (2021-2026) by Type, Application, Ampere, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Automotive Relay Market is estimated to be USD 21.2 Bn in 2021 and is expected to reach USD 29.32 Bn by 2026, growing at a CAGR of 6.7%.



Market Dynamics

The increasing adoption of electronic vehicles is majorly driving the growth of the automotive relay market. In addition, increasing vehicle safety regulations by the government is fuelling the market growth. Higher power requirement for heavy equipment to operate in harsh environments and rising demand for light, faster and lower fuel consumption propels the market growth. The increasing technological advancement in vehicles such as traffic information in GPS and weather information is anticipated to escalate the market revenue. However, the lack of standardization in relay design and availability of large independent aftermarkets is restraining the market.

Increasing R&D to launch new products is anticipated to pave new opportunities for the market during the forecast period.

Market Segmentation

The Global Automotive Relay Market is segmented further based on Type, Application, Ampere, and Geography.

By Type, the market is classified into printed circuit board (PCB) relay, plug-in relay, high voltage relay, protective relay, signal relay, and, time relay. Amongst all, the printed circuit board (PCB) relay segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as locking system, engine management module, lamps/lights, and others. Amongst all, the locking system segment is estimated to hold the highest market share during the forecast period.

By Ampere, the market is classified as 5A-15A relay, 16A-35A relay, and >35A relay. Amongst all, the 16A-35A relay segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Alstom completed the acquisition of Bombardier Transportation- rail business. With this acquisition, the company has increased its commercial reach and solution portfolio. - 29th January 2021.
2. BorgWarner Completes Acquisition of Delphi Technologies which is focused on clean technologies to increase efficiency and performance of modern vehicles. - 1st October 2020.

Company Profiles

Some of the companies covered in this report TE Connectivity, Siemens AG, Panasonic Corporation, Hella KGaA Hueck & Co, Fujitsu Limited, Hongfa Technology Co., Robert Bosch GmbH, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Relay Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market