Global Auto Relay Market Overview:
The auto relay allows the small current flow circuit to control the higher current circuit in automobiles. Power relays, micro relays, mini relays, ISO 2.8mm mini relays, ISO 2.8mm micro relays, solid state relays, and relay connectors, are some of the various types of automotive relay available in the market. A surge in the preference for an electronic relay/e-fuse over electromagnetic relays is expected to boost the overall market. Further, an increase in the modernization of the vehicles is anticipated to fuel the market during the forecast period. However, unavailability of the standard relay design is expected to hamper the overall growth. Moreover, the demand for higher switching capacity relays for the electric/hybrid powertrain is expected to fuel the market in the upcoming years Some of the players profiled in the study are Fujitsu (Japan), Hella KGaA Hueck & Co. (Germany), TE Connectivity (Switzerland), Siemens AG (Germany), Panasonic Corporation (Japan), Infineon Technologies (Germany), Denso Corporation (Japan), American Zettler (United States), Eaton Corporation (Ireland) and ABB (Switzerland).
On the basis of geography, the market of Auto Relay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Passenger car will boost the Auto Relay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Electric vehicle, the sub-segment i.e. Hybrid Electric Vehicle (HEV) will boost the Auto Relay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing modernization of vehicles to impact the relay market
- Preference for electronic relay/e-fuse over electromagnetic relays
- Unavailability of standard relay design
- Demand for higher switching capacity relays for electric/hybrid powertrains
- Impact of 48v architecture on this market
- Involvement of local players (independent aftermarket) in the relay market
- Connected smart junction boxes and smart fuse box for autonomous cars
Key Market Developments:
ZETTLER introduces a number of new relays at 2018 Munich electronica. The new AZEV116 and AZEV132 series are next-generation IEC mode 2 Electric Vehicle (EV) charging relays in development for release in 2019. These relays are designed to survive high momentary currents that may occur on short circuits, thus ensuring outstanding reliability without contact welding
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Suppliers of automotive relay, Raw material manufacturers of automotive relay components, Traders, distributors, and suppliers of automotive relay components or raw materials, Regional manufacturer associations, Automotive OEMs, Organized and unorganized aftermarket suppliers and Government’s national and regional environmental regulatory agencies or organizations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Auto Relay market on the basis of product [PCB Relay, Plug-in Relay, High Voltage Relay and Others] , application [Powertrain Systems, Body & Chassis, Convenience, Safety & Security and Driver Information Systems], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Auto Relay market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Auto Relay industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Omron Corporation (Japan), Microsemi Corporation (United States) and Delphi (Ireland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Auto Relay market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.