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The Automotive Relay Market is segmented by Type (PCB Relay and Plug-in Relay), Application Type (Locking System, Engine Management Module, Lamps/Lights, and Other Application Types (Power Window, Sunroof, ABS Control, etc.)), and Geography.
Fastest Growing Market:
Greater Than 5.2 %
The automotive relay market is expected to register a CAGR of over 5.2%, during the forecast period, 2020 - 2025.
Relay acts as a switch and used to switch connections between different circuits. Relays consist of an electromagnet, wherein the input current causes the coil to generate a magnetic field, which causes the contacts to meet, and thus, the circuit is established. If the input voltage is insufficient, then the contacts may not come together, due to the weak magnetic field. Among relay types, PCB relay and plug-in relay are two major types of automotive relays that have been considered in the scope of the market.
The automotive relay market has been segmented by type, application type, and geography.
|Engine Management Module|
|Other Application Types (Power Window, Sunroof, ABS Control, etc.)|
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Currently, the demand for solid-state relays, especially solid-state plug-in relay, is growing, as they can handle high-rated currents (50A-80A) and operating voltages (less than 400V), similar to that of electromechanical type relays. Additionally, plug-in relay’s simple design structure and lightweight nature make them suitable as a close replacement for heavy electromechanical type relays.
A solid-state plug-in relay is deployed in various application fields of automobiles, such as electrically heated catalytic converters, motors and pumps, and body electronics, like door locks, seat controls, window lifters, etc.
Moreover, plug-in relays are also available in three major operating characteristics with current carrying capacities of 30A, 40A, and 70A.
ABS controls are one of the prominent areas of applications for plug-in relays in the automotive market.
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The growing importance of electronics in the automotive value chain, rising demand for vehicle safety and comfort features, and the rapid acceleration in the deployment of electric vehicles, especially in major countries in China, India, Japan etc., are the key trends driving the market studied in Asia-Pacific.
Few factors, like companies engaging in partnership activities, spending more on R&D projects, and offering products with latest technology and maximum efficiency, have been driving the market growth in the region.
The demand for automotive relay in Asia-Pacific, over the forecast period, is projected to grow, as the auto manufacturers are incorporating more electronic features in vehicles, thus, resulting in the growth in demand for the automotive relays in the region.
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The market for automotive relay is highly competitive, due to the presence of both international and local relay suppliers in the region. Among them, major players in the market are Robert Bosch GmbH, Denso Corporation, TE Connectivity Ltd, and Panasonic Corporation.
To meet the consistently growing demand for plug-in relays in automobiles, automotive electronics companies are focusing on manufacturing high-power and reliable relays for automotive applications. For instance, in March 2018, Eberspächer Controls Landau GmbH & Co. KG introduced a new solid-state plug-in power mini relay (12 V / 100 A) for switching electric loads in passenger cars, commercial vehicles, and off-road vehicles.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 PCB Relay
5.1.2 Plug-in Relay
5.2 Application Type
5.2.1 Locking System
5.2.2 Engine Management Module
5.2.4 Other Application Types (Power Window, Sunroof, ABS Control, etc.)
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 Rest of the World
188.8.131.52 South Africa
184.108.40.206 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Robert Bosch GmbH
6.2.2 Denso Corporation
6.2.3 Fujitsu Ltd
6.2.4 Panasonic Corporation
6.2.5 MITSUBA Corporation
6.2.6 TE Connectivity.
6.2.7 Omron Corporation
6.2.8 Hella KGaA Hueck and Co.
6.2.9 Nidec Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS