Global Automotive Relay Market Growth 2023-2029

Global Automotive Relay Market Growth 2023-2029

Automotive Relays are electrically operated switches used for automotive applications.

Relays are used where it is necessary to control a circuit by a low-power signal (with complete electrical isolation between control and controlled circuits), or where several circuits must be controlled by one signal.

LPI (LP Information)' newest research report, the “Automotive Relay Industry Forecast” looks at past sales and reviews total world Automotive Relay sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Relay sales for 2023 through 2029. With Automotive Relay sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Relay industry.

This Insight Report provides a comprehensive analysis of the global Automotive Relay landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Relay portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Relay market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Relay and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Relay.

The global Automotive Relay market size is projected to grow from US$ 4338.6 million in 2022 to US$ 5081.1 million in 2029; it is expected to grow at a CAGR of 5081.1 from 2023 to 2029.

Europe is the largest Automotive Relay market with about 22% market share. China is follower, accounting for about 21% market share.

The key players are TE Connectivity, Omron, Panasonic, HELLA, LS, American Zettler, Xiamen Hongfa, Shanghai Hugong, Song Chuan Group, Guizhou Tianyi, Dongguan Sanyou, Ningbo Forward, Songle Relay, Ningbo Huike, Qunli Electric etc. Top 3 companies occupied about 30% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Relay market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Plug-in Relay

PCB Relay

Segmentation by application

Heating

Lamps & Filter Capacitors

Solenoids, Motors & Pumps

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

TE Connectivity

Omron

Panasonic

HELLA

LS

American Zettler

Xiamen Hongfa

Shanghai Hugong

Song Chuan Group

Guizhou Tianyi

Dongguan Sanyou

Ningbo Forward

Songle Relay

Ningbo Huike

Qunli Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Relay market?

What factors are driving Automotive Relay market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Relay market opportunities vary by end market size?

How does Automotive Relay break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.