Global Automotive Relay Market Research Report and Forecast 2021-2026
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
Global Automotive Relay Market Outlook 2026: The latest report by IMARC Group titled, “ Automotive Relay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20212026 ,” finds that the global automotive relay market exhibited moderate growth during 2015-2020. An automotive relay is an electromechanical switching device that uses a coil to generate magnetic force to control and operate high current circuits in vehicles. It is installed in infotainment systems, harnesses, and box modules like the horn, headlight, auxiliary lamp, blower motor, fan motor, rear and front area, body control, engine, powertrain, roof, seat, and door. Presently, it is available in various types, including power, mini, micro and solid-state relays, which support advanced safety features and increase passenger comfort. Request for a free sample: https://www.imarcgroup.com/automotive-relay-market/requestsample
Report Description and Highlights
Report Description
Global Automotive Relay Market Trends: The increasing demand for luxurious and smart vehicles due to rapid urbanization and inflating income levels is influencing the adoption of the latest infotainment systems in automobiles, which is one of the key factors driving the market growth. In addition, stringent regulations imposed by governments of numerous countries regarding fuel efficiency have increased the need for vehicle electrification, representing another major growthinducing factor. Besides this, the rising incidences of fatal road accidents are escalating the demand for automotive relays in switches for airbags, backup sensing systems, seat belts, head-up display (HUD), energyabsorbing steering, and head restraints. Moreover, the market is favored by the increasing adoption of off-road vehicles for construction purposes due to the rising investments in infrastructural development.
Report Description and Highlights Report Description Market Summary: Breakup by Product: • PCB Relay • Plug-in Relay • High Voltage Relay Breakup by Vehicle Type: • Passenger Vehicles • Commercial Vehicles • Electric Vehicles Breakup by Application: • Powertrain Systems • Body and Chassis • Convenience • Safety and Security • Driver Information
Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Report Description and Highlights Report Description Competitive Landscape With Key players: • ABB Ltd • BorgWarner Inc • DENSO Corporation • Eaton Corporation plc • Fujitsu Limited (Furukawa Co. Ltd.) • HELLA GmbH & Co. KGaA • Littelfuse Inc • LS Automotive India Pvt Ltd • OMRON Corporation • Panasonic Corporation • Robert Bosch GmbH • Siemens AG • TE Connectivity View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-relay-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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