Product Code: SR112024A4482
The global automotive relay market size reached US$ 17.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
An automotive relay is an electromechanical switching device wherein coils generate magnetic force to control and operate a high current circuit in vehicles like cars, vans, trucks, and trailers. It is generally installed in infotainment systems, harnesses, and box modules, such as horn, headlight, auxiliary lamp, fan motor, blower motor, rear and front area, engine, body control, powertrain, roof, seat, and door. It increases passenger comfort, supports advanced safety features, and can operate in harsh environments. At present, it is widely available in various forms, ranging from plug-ins and printed circuit boards (PCBs) to nominal coil voltage and high-voltage contactors.
Automotive Relay Market Trends:
The growing demand for luxurious and smart vehicles on account of rapid urbanization and inflating income levels is positively influencing the adoption of the latest infotainment systems in automobiles. This represents one of the key factors positively influencing the demand for automotive relays to provide convenience and enhance the overall driving experience. Moreover, stringent regulations implemented by governments of numerous countries on fuel efficiency are driving the need for vehicle electrification, which, in turn, is contributing to market growth. Apart from this, a significant rise in the number of fatal road accidents is catalyzing the demand for automotive relays in switches for airbags, backup sensing systems, energy-absorbing steering, seat belts, head up display (HUD), and head restraints. Furthermore, the increasing use of off-road vehicles for construction purposes on account of rising investments in infrastructural development is bolstering the market growth. Besides this, the emerging trend of connected and modern vehicles is projected to drive the demand for compact relays in power steering, sunroof, power windows, cruise control, and navigation services.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive relay market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and vehicle type.
Breakup by Product:
- PCB Relay
- Plug-in Relay
- High Voltage Relay
- Others
Breakup by Application:
- Powertrain Systems
- Body and Chassis
- Convenience
- Safety and Security
- Driver Information
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicles
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., BorgWarner Inc., DENSO Corporation, Eaton Corporation plc, Fujitsu Limited (Furukawa Co. Ltd.), HELLA GmbH & Co. KGaA, Littelfuse Inc., LS Automotive India Pvt Ltd., OMRON Corporation, Panasonic Corporation, Robert Bosch GmbH, Siemens AG and TE Connectivity.
Key Questions Answered in This Report:
- How has the global automotive relay market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive relay market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the vehicle type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive relay market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Relay Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 PCB Relay
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Plug-in Relay
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 High Voltage Relay
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Powertrain Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Body and Chassis
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Convenience
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Safety and Security
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Driver Information
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Vehicles
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Electric Vehicles
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABB Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BorgWarner Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 DENSO Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Eaton Corporation plc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Fujitsu Limited (Furukawa Co. Ltd.)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 HELLA GmbH & Co. KGaA
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Littelfuse Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 LS Automotive India Pvt Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 OMRON Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Panasonic Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Robert Bosch GmbH
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Siemens AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 TE Connectivity
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis