Automotive Relay Market Key Drivers, Trends, Demand, Share, Analysis 2023 to 2030

The industry is expected to witness steady growth over the forecast period owing to advancements in miniaturization and high contact capability development to address restrictions in mounting space in the Electric Control Unit (ECU) of vehicles.

The global automotive relay market size was valued at USD 13.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. Electric automotive parts have diversified over the past decade, leading to an increase in the number of relays used as switching devices and variation in the required features of each relay. The industry is expected to witness steady growth over the forecast period owing to advancements in miniaturization and high contact capability development to address restrictions in mounting space in the Electric Control Unit (ECU) of vehicles.

 

Electric automotive parts have diversified, thereby increasing the number of relays used for switching; different features are required for each relay. Further miniaturization and high contact capability development are needed, especially in the Electric Control Unit (ECU), where there are restrictions in mounting space due to the presence of a cluster of relays. A high degree of reliability in relays is required from a safety point of view. Components equipped with features such as latching, low noise, and ultra-miniaturization have gained prominence owing to the need to provide switching technology for the latest generation of electronic functions in a car.

 

 

Automotive Relay Market Report Highlights

 

  • The increasing vehicular safety norms across the globe and the growing adoption of electric passenger car vehicles amongst end-users are expected to drive the market.
  • Electric automotive parts have diversified over the past decade, leading to an increase in the number of relays used as switching devices as well as variation in the required features of each relay
  • Asia Pacific is a key revenue-generating region and captured a significant market share in 2022. The region exhibits a high growth potential, which may be attributed to high vehicle demand in this region.

 

 

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

 

 

 

Segments Covered in the Report

 

Grand View Research has segmented the global automotive relay market based on product, vehicle type, application, and region:

 

Automotive Relay Product Outlook (Revenue, USD Million, 2017 - 2030)

 

  • PCB Relay
  • Plug-in Relay
  • High Voltage Relay
  • Others

 

Automotive Relay Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

 

  • Passenger Vehicles
  • Commercial Vehicles
  • Electric Vehicles

 

Automotive Relay Application Outlook (Revenue, USD Million, 2017 - 2030)

 

  • Resistive Loads
    • HVAC
  • Capacitive Loads
    • Engine Management Module
    • Fog Lights
    • ABS Module
    • Front and Rear Beam
  • Inductive Loads
    • Power Window
    • Central Lock
    • Cooling Fan
    • Clutches

 

Automotive Relay Regional Outlook (Revenue, USD Million, 2017 - 2030)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • United Arab Emirates (UAE)
    • Saudi Arabia
    • South Africa

 

Order a free sample PDF of the Automotive Relay Market Intelligence Study, published by Grand View Research.

 

 

 


nayara

638 Blog posts

Comments