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Automotive Relay Market

Global Automotive Relay Market Size, Share, Trends, Analysis: By Relay Type: Printed Circuit Board (PCB) Relays, Plug-In Relays, High Voltage Relays, Protective Relays, Time Relays, Signal Relays; By Vehicle Type: Passenger Cars, Commercial Vehicles, Others; By Ampere; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Automotive Relay Market Outlook

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.

 

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 2024-2032 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 2018-2023
Forecast Period 2024-2032
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

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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

Key Questions Answered in the Report

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.

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