LONDON–(BUSINESS WIRE)–The automotive relay market is expected to grow by USD 3.27 billion, progressing at a CAGR of about 5% during the forecast period.
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The increase in the number of electronic systems is one of the major factors propelling market growth. However, factors such as the replacement of automotive relays by powered switches will hamper the market growth.
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Automotive Relay Market: Geography Landscape
APAC was the largest automotive relay market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increase in sales of PVs and medium and heavy commercial vehicles will significantly influence automotive relay market growth in this region. Over 36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for an automotive relay in APAC. Market growth in this region will be faster than the growth of the market in MEA and South America.
Automotive Relay Market: Product Landscape
Printed circuit board (PCB) relays are mostly electromechanical relays or reed relays used in control system designs for power management. The rising demand for PCB relays for various components, such as anti-lock braking systems (ABS), doors, cruise control, power steering, power windows, sunroofs in the automobile industry is expected to fuel the growth of the automotive relays market in this segment. Market growth in this segment will be faster than the growth of the market in the plug-in relays segment.
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Companies Covered:
- American Zettler Inc.
- Delphi Technologies Plc
- DENSO Corp.
- Eaton Corporation PlcA
- Fujitsu Ltd.
- Infineon Technologies AG
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- TE Connectivity Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- PCB relays – Market size and forecast 2019-2024
- Plug-in relays – Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- American Zettler, Inc.
- Delphi Technologies Plc
- DENSO Corp.
- Eaton Corporation PlcA
- Fujitsu Ltd.
- Infineon Technologies AG
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- TE Connectivity Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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