Automotive Relay Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Automotive Relay Market is expected to register a CAGR of over 5%, during the forecast period, 2021 – 2027.

Automotive relays allow a small current flow circuit to control a higher current circuit in the car. Power relays, mini relays, micro relays, ISO 2.8mm mini relays, ISO 2.8mm micro relays, relay connectors, and solid-state relays are just some of the different types of automotive relays available on the market. A surge in favor of electronic relays/e-fuses over electromagnetic relays is expected to boost the market. Additionally, the increase in vehicle modernization is expected to energize the market during the forecast period. However, the unavailability of standard relay designs is expected to hinder growth. Moreover, the demand for higher switching capacity relays for electric/hybrid powertrains is expected to energize the market in the future.

Market Segments

By type

• PCB relay
• Plug-in relay
• High voltage relay
• Protective relay
• Signal relay
• Time relay

By application

• Door lock
• Power windows
• Sunroof
• Powered & heated seats
• Electronic power steering (EPS)
• Exterior lighting
• Fuel injection
• Air conditioner
• Anti-brake system (ABS)
• Traction control system

Key Players

Some of the key players in the automotive relay market are TE Connectivity (Switzerland), Omron Corporation (Japan), Panasonic (Japan), HELLA KGAA HUECK & CO. (Germany), and Fujitsu (Japan).

Scope of the Report

The research study analyzes the global Automotive Relay industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Relay Market Report

1. What was the Automotive Relay Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Automotive Relay Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Relay Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.