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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Automotive Relay Market Outlook

The global automotive relay market size reached around USD 14.10 billion in 2024. The market is projected to grow at a CAGR of 5.7% between 2025 and 2034, reaching almost USD 23.22 billion by 2034.

Key Takeaways:

  • The production of energy-efficient relays is expected to become a key priority for automotive relay manufacturers.
  • Relays that enhance the functioning of engine management modules are expected to become increasingly popular.
  • Signal relays are expected to witness a surge in demand over the forecast period.

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

Market Segmentation

Global Automotive Relay Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Relay Type

  • Printed Circuit Board (PCB) Relays
  • Plug-In Relays
  • High Voltage Relays
  • Protective Relays
  • Time Relays
  • Signal Relays

Market Breakup by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Electric Vehicles

Market Breakup by Ampere

  • 5A – 15A Relay
  • 16A – 35A Relay
  • >35A Relay

Market Breakup by Application

  • Locking System
  • ABS Control
  • Engine Management Modules
  • Lamps/Lights
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Relay Type
  • Vehicle Type
  • Ampere
  • Application
  • Region
Breakup by Relay Type
  • Printed Circuit Board (PCB) Relays
  • Plug-In Relays
  • High Voltage Relays
  • Protective Relays
  • Time Relays
  • Signal Relays
Breakup by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
  • Electric Vehicles
Breakup by Ampere
  • 5A – 15A Relay
  • 16A – 35A Relay
  • >35A Relay
Breakup by Application
  • Locking System
  • ABS Control
  • Engine Management Modules
  • Lamps/Lights
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.
  • Song Chuan USA Inc.
  • Others

*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.*

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Key Questions Answered in the Report

The market was valued at nearly USD 14.10 billion in 2024.

The market is projected to grow at a CAGR of 5.7% between 2025 and 2034.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 23.22 billion in 2034.

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.

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