Automotive Relay Market By Propulsion (ICE, Electric and Hybrid), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Powertrain System, Body and Chassis, Convenience, Safety and security, Others), By Product (PCB, Plug-in relay, High voltage relay, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
A relay is an electromagnetic switch operated by a relatively small electric current that can turn on or off a much larger electric current. Relays are switches that can be controlled by electrical power such as another switch or control module. The purpose of an automotive relay is to automate electrical circuits on and off. Moreover, at the same time, the relay can switch between multiple circuits operating on different voltages.
The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for passenger safety and comfort is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes. Dramatic change from usage of mechanical parts to electronic parts is anticipated to fortify demand for automotive relays up to a great degree during the forecast period
The automotive relay market is segmented on the basis of propulsion, vehicle type, application, product, and region. By propulsion, it is divided into ICE and electric & hybrid. By vehicle type, it is segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). By application, it is divided into powertrain system, body & chassis, convenience, safety & security, and others. By product, it is divided into PCB, plug-in relay, high voltage relay, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market are American Electronic Components, American Zettler, Inc., Circuit Interruption Technology, Inc, Denso Corporation, Fujitsu, Goodsky Electric Co. Ltd., HELLA GmbH & CO. KGAA, Xiamen Hongfa Electroacoustic Co., Ltd, Littlefuse Inc, LS Automotive, Mitsuba Corporation, Omron Corporation, Panasonic Corporation, Robert Bosch Gmbh, Song Chuan Precision Company, TE Connectivity, and Xiamen Level King Keep Electronics
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive relay market analysis from 2021 to 2031 to identify the prevailing automotive relay market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive relay market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive relay market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Propulsion
ICE
Electric and Hybrid
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Application
Powertrain System
Body and Chassis
Convenience
Safety and security
Others
By Product
PCB
Plug-in relay
High voltage relay
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Hella KGaA Hueck and Co.
Fujitsu
Hongfa
Robert Bosch
Denso
LS Automotive
Littelfuse
Mitsuba Corporation
Song Chuan Precision Company
Goodsky
TE Connectivity
Omron Corporation
Panasonic
Xiamen Level King Keep Electronics
American Zettler
American Electronic Components
Cit Relay & Switch
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