Automotive Relay Market to Touch 16.75 Billion USD by 2022
The Automotive Relay Market is estimated to be USD 12.39 billion in 2017 and is projected to grow at a CAGR of 6.20% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. Factors such as increasing trend of vehicle electrification, stringent emission norms, and fuel efficiency standards are driving the automotive relay market across the globe. Also, increasing demand for premium and mid-priced passenger cars has increased the comfort and luxury applications in the car, which has, in turn, boosted the global market.
Target Audience Of Automotive Relay Market • Suppliers of automotive relay • Raw material manufacturers of automotive relay components (suppliers for Tier I) • Traders, distributors, and suppliers of automotive relay components or raw materials • Regional manufacturer associations • Automotive OEMs • Organized and unorganized aftermarket suppliers • Government’s national and regional environmental Download PDF Brochure
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Scope Of The Automotive Relay Market Automotive Relay Market, By Product Type • • • • • •
PCB Relay Plug-in Relay High Voltage Relay Protective Relay Signal Relay Time Relay
Electric Vehicle Relay Market, By Vehicle Type • Hybrid Electric Vehicle (HEV) • Plug-In Hybrid Electric Vehicle (PHEV) • Battery Electric Vehicle (BEV)
Key players of Automotive Relay Market • TE Connectivity (Switzerland) • Panasonic Corporation (Japan) • Denso Corporation (Japan) • Omron Corporation (Japan) • American Zettler (U.S.)
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Asia-oceania region is estimated to be the leading market for automotive relay Asia-oceania is estimated to dominate the automotive relay market, as the region represents countries such as china, japan, south korea, and india with the world’s highest vehicle production. According to the organisation internationale des constructeurs dautomobiles (OICA) publication, these countries together contributed ~53% to the global vehicle production in 2016. Additionally, countries like china and india have become manufacturing hubs for automobiles. China’s initiative to reduce sales tax for passenger vehicles is expected to expand the overall volume of vehicle production by 15%–16% in 2016. India is also expected to be the fastest growing market due to increasing disposable income of people. The light vehicle sales in india showed a positive development in the second quarter of 2016, and new models and compact suvs are driving the demand for vehicles. Increased sales would influence the automotive relay market
BROWSE 108 MARKET DATA TABLES AND 57 FIGURES SPREAD THROUGH 197 PAGES AND INDEPTH TOC ON "AUTOMOTIVE RELAY MARKET BY TYPE (PCB, PLUG-IN, HIGH VOLT, PROTECTIVE, TIME), LOAD & APPLICATION (DOOR LOCK, POWER WINDOW, SUNROOF, POWER SEAT, EPS, LIGHTING, FUEL INJECTION, AC, STARTER, HORN, WIPER), ICE & EV, AND 48V RELAY MARKET GLOBAL FORECAST TO 2022“
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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