Reports
Reports
Sale
The global automotive relay market size reached around USD 14.10 billion in 2023. The market is projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching almost USD 23.22 billion by 2032.
The transition towards connected and automated vehicles is expected to increase the cost of electronic vehicle components by 19% by 2025, reaching a value of 35%. This is expected to revolutionise the global automotive relay market. For instance, relays that can connect vehicle occupants with the nearest emergency centre in case of an accident are expected to become increasingly popular among automotive manufacturers. Moreover, high voltage relays that facilitate quick charging of EV battery systems are witnessing rapid innovations. This is expected to propel the global automotive relay market expansion in the forecast period.
Sustainability has emerged as one of the key concerns for automotive relay manufacturers globally. This is prompting companies to manufacture lightweight models of relays (even for small cars), which consume less power.
North America is expected to constitute a major portion of the automotive relay market share. This is because of the anticipated expansion of the domestic manufacturing industry in the United States and Canada. The robust infrastructure that supports the development of electrical automotive components is expected to further aid the market growth. Increasing research and development of compact and high-performing relays is expected to become one of the major automotive relay market trends in the coming years.
Global Automotive Relay Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Relay Type
Market Breakup by Vehicle Type
Market Breakup by Ampere
Market Breakup by Application
Market Breakup by Region
The key global automotive relay market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Mitsuba Corp., Hella GmbH & Co. KGaA, Zettler Group, BETA Electric Industry Co. Ltd., Hongfa Technology Co. Ltd., and Song Chuan Group Company (Song Chuan USA Inc.), among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Relay Type |
|
Breakup by Vehicle Type |
|
Breakup by Ampere |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Relay Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Relay Historical Market (2018-2023)
8.3 Global Automotive Relay Market Forecast (2024-2032)
8.4 Global Automotive Relay Market by Relay Type
8.4.1 Printed Circuit Board (PCB) Relays
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plug-In Relays
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 High Voltage Relays
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Protective Relays
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Time Relays
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Signal Relays
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Automotive Relay Market by Vehicle Type
8.5.1 Passenger Cars
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Vehicles
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electric Vehicles
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Automotive Relay Market by Ampere
8.6.1 5A – 15A Relay
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 16A – 35A Relay
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 >35A Relay
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Relay Market by Application
8.7.1 Locking System
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 ABS Control
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Engine Management Modules
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Lamps/Lights
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Automotive Relay Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive Relay Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Relay Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Relay Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Relay Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Relay Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 853641, 853649)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Robert Bosch GmbH
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 TE Connectivity Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Denson Corp.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Panasonic Holdings Corp.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Fujitsu Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Nidec Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Mitsuba Corp.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Hella GmbH & Co. KGaA
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Zettler Group
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 BETA Electric Industry Co. Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Hongfa Technology Co. Ltd.
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Song Chuan USA Inc.
17.2.12.1 Company Overview
17.2.12.2 Product Portfolio
17.2.12.3 Demographic Reach and Achievements
17.2.12.4 Certifications
17.2.13 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Relay Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Relay Historical Market: Breakup by Relay Type (USD Billion), 2018-2023
3. Global Automotive Relay Market Forecast: Breakup by Relay Type (USD Billion), 2024-2032
4. Global Automotive Relay Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
5. Global Automotive Relay Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
6. Global Automotive Relay Historical Market: Breakup by Ampere (USD Billion), 2018-2023
7. Global Automotive Relay Market Forecast: Breakup by Ampere (USD Billion), 2024-2032
8. Global Automotive Relay Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Automotive Relay Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Automotive Relay Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Automotive Relay Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Automotive Relay Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Automotive Relay Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Automotive Relay Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Automotive Relay Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Automotive Relay Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Automotive Relay Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Automotive Relay Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Automotive Relay Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Automotive Relay Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Automotive Relay Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Automotive Relay Market Structure
The market was valued at nearly USD 14.10 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 23.22 billion in 2032.
The different relay types in the market include printed circuit board (PCB) relays, plug-in relays, high voltage relays, protective relays, time relays, and signal relays.
The different vehicle types in the market include passenger cars, commercial vehicles, and electric vehicles.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Mitsuba Corp., Hella GmbH & Co. KGaA, Zettler Group, BETA Electric Industry Co. Ltd., Hongfa Technology Co. Ltd., and Song Chuan Group Company (Song Chuan USA Inc.), among others.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.