Flourishing Automotive Sector To Shape Automotive Relays Market

Flourishing Automotive Sector To Shape Automotive Relays Market

According to a new market research report published by Credence Research “Automotive Relays Market (by Product Type: PCB Relays and Plug-in Relays; By Application: Power Train, Body & Chassis, Lighting & Security and Infotainment Systems; By Vehicle Type: Conventional Fuel Vehicles and Electric Vehicles) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the automotive relays market was valued US$ 13.43 Bn in 2017 and estimated to grow with a CAGR of 5.8% during the forecast period from 2018 to 2026.

The complete report is available at  https://www.credenceresearch.com/report/automotive-relays-market

Market Insights

Advancement in electric cars along with automotive industry achieved significant growth after attaining stability from 2008 and 2011 economic crisis. In 2017, approximately 79 Mn passenger cars were sold and the number is projected to cross 81 Mn mark in 2018 out which 2 Mn cars are expected to be electric. With automotive sector crossing new milestones, industries associated with the sector such as OEM and aftermarket parts market are also witnessing momentous growth and evidencing further growth in coming years.

Automotive relay market is one such market greatly benefited by the surge in demand for automobiles across the globe. The component was not a part of standard automobile earlier, however, modern-day automobiles are sophisticated & complex machines and automotive relays have become an indispensable part of an automobile. Several automobile relays are used in a single vehicle catering different electric circuits for powertrain, body & chassis, lighting & security and infotainment systems among others. Consequently, flourishing automotive industry acts as a catalyst for bolstering the growth of automotive relays market.

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Trends such as intelligent cars, electric cars, and driver assistance require a completely new breed of automotive relays. Perpetual development in manufacturing processes and advanced sensor technology expedited the performance of automotive relays making them suitable for ultra-modern automobiles. Asia Pacific is home to several automotive giants including Toyota, Honda, Hyundai, Suzuki, and Mitsubishi among others.

Flourishing automotive industry Asia pacific propose unmatched growth opportunities to automotive OEMs and other adjacent industries. Companies from all over the world are keen to participate and grab the business opportunities offered by this region. Thus, Asia Pacific emerged as a leader in global automotive relays market and projected to dominate the market throughout the forecast period from 2018 to 2026.

Competitive Insights:

Automotive relay market is one of the most fragmented markets in overall OEM industry. Several international, as well as local automotive relay manufacturers, compete with each other to claim their market share in this highly competitive market. These companies often adopt strategies such as technological innovations and long-term partnership with major automotive manufacturers to provide automotive relays in order to maintain their market positions.

Few of the major automotive relay manufacturers includes ABB Group, American Zettler, Inc., Denso Corporation, Delphi Automotive LLP, Eaton Corporation plc, Fujitsu Limited, Good Sky Electric Co., Ltd., Hella KGaA Hueck & Co. (HELLA), IDEC Corporation, NEC Corporation, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Siemens AG, and  TE Connectivity Ltd. among others.

Key Analysis Covered:

  • Latest trends in automotive relays market and growth opportunities for automotive relay manufacturers
  • Growth in electric and hybrid vehicles promoting the automotive relays market
  • Different range of products offered by leading manufacturers for different vehicle type and class
  • Largest and fastest growing segments in terms of product type, applications, and vehicle type
  • Prominent geographical regions/ countries for the automotive relays market
  • Positive and negative effects of government policies and regulation on market value for automotive relays market

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Chapter 3 Market Dynamics
3.1 Global Automotive Relays Market Overview
3.2 Recent Trends and Future Outlook
3.3 Market Drivers
3.3.1 Sustainable Growth in Automotive Industry
3.3.2 Technological Innovation and Product Development
3.3.3 Rising Demand of Electric Vehicles
3.4 Market Challenges
3.4.1 Lack of Product Differentiation Leads to Price Wars
3.5 Impact Analysis of Drivers and Challenges
3.6 See-Saw Analysis
3.7 Attractive Investment Proposition, 2017
3.8 Competitive Landscape
3.8.1 Market Positioning of Automotive Relays Manufacturers, 2017
3.8.2 Major Strategies Adopted by Leading Players

Chapter 4 Global Automotive Relays Market Analysis, by Product Type
4.1 Overview
4.2 PCB Relays
4.2.1 Global PCB Relays Market Value, 2016 – 2026, (US$ Bn)
4.3 Plug-in Relays
4.3.1 Global Plug-in Relays Market Value, 2016 – 2026, (US$ Bn)

Chapter 5 Global Automotive Relays Market Analysis, by Applications
5.1 Overview
5.1.1 Automotive Relays Market Value, by Applications, 2017 & 2026 (Share %)
5.2 Power Train
5.2.1 Global Automotive Relays Market Value for Power Train, 2016 – 2026, (US$ Bn)
5.3 Body & Chassis
5.3.1 Global Automotive Relays Market Value for Body & Chassis, 2016 – 2026, (US$ Bn)
5.4 Lighting & Security
5.4.1 Global Automotive Relays Market Value for Lighting & Security, 2016 – 2026, (US$ Bn)
5.5 Infotainment System
5.5.1 Global Automotive Relays Market Value for Infotainment System, 2016 – 2026, (US$ Bn)

Chapter 6 Global Automotive Relays Market Analysis, by Vehicle Type
6.1 Overview
6.1.1 Automotive Relays Market Value, by Vehicle Type, 2017 & 2026 (Share %)
6.2 Conventional Fuel Vehicles
6.2.1 Global Automotive Relays Market Value for Conventional Fuel Vehicles, 2016 – 2026, (US$ Bn)
6.3 Electric Vehicles
6.3.1 Global Automotive Relays Market Value for Electric Vehicles, 2016 – 2026, (US$ Bn)…

Chapter 11 Company Profiles
11.1 ABB Group
11.1.1 ABB Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
11.2 American Zettler, Inc.
11.3 Denso Corporation
11.4 Delphi Automotive LLP
11.5 Eaton Corporation plc
11.6 Fujitsu Limited
11.7 Good Sky Electric Co., Ltd.
11.8 Hella KGaA Hueck & Co. (HELLA) 102
11.9 IDEC Corporation
11.10 NEC Corporation …

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