Automotive Relay Market By Regional Statistics & Growth Forecast to 2024

The profitability quotient of automotive relay market is claimed to be heavily influenced by the changing trend of automotive electronics business space, the former being an integral vertical of the latter. Statistics affirming the declaration- global automotive electronics industry in the year 2016, was valued more than USD 206 billion, and is slated to exceed a commercialization of USD 395 billion by 2024. The humongous figure, itself, is proof enough to document that the growth prospect of automotive relay industry in the coming years is positively high.

For the uninitiated, relays are mainly deployed in safety & security systems, convenience systems, powertrains, and body electronics and ADAS systems to enhance their efficiency. Convenience systems, in fact, are specifically expected to mark a footprint in automotive relay industry over the coming seven years. As per estimates, in 2016, convenience systems procured almost 34% of the overall automotive relay market in terms of shipments.  Driven by the surging demand for space saving, large switching capacity, electronic power steering, high level of compatibility, sunroof control, and infotainment, it has been forecast that convenience system would continue to be a major revenue pocket for automotive relay industry in the coming years.

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PCBs are projected to acquire over 75% of the total automotive relay market till 2024. The high revenue generation is attributed to the rising demand for compact devices across the automobile industry. Moreover, benefits such as their high current carrying capacity and significant space saving due to the miniaturized will escalate the industry over the forecast timespan. Manufacturers of PCB relays focus on penetration into potential business and continuous innovations in their products to diversify their product line.

Driver information demand from automotive relay crossed 200 million units in 2016. Increasing need of driver information systems (DIS) in vehicles for weather & traffic information, location services, etc., has favored the segment growth over the past few years and is anticipated to continue the same over the forecast time frame. Rising smartphone penetration will further foster the installation rate of these systems.

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High demand of automotive PCB relays in Asia Pacific and Europe has induced an immense potential to the industry size. Stringent government regulations in Europe regarding incorporation of safety features into vehicles, replacement of obsolete technologies, and fuel efficiency standards will further gain an advantage in the automotive relay market over the forecast time frame.

Some Point from Table of Contents:

Chapter 4    Automotive Relay Market, By Product

4.1    Global automotive relay market share by product, 2016 & 2024

4.2    PCB relay

4.2.1    Market estimates and forecast from PCB relay, 2012 – 2024, (Million Units) (USD Million)

4.2.2    Market estimates and forecast from PCB relay by region, 2012 – 2024, (Million Units) (USD Million)

4.3    Plug-in relay

4.3.1    Market estimates and forecast from plug-in relay, 2012 – 2024, (Million Units) (USD Million)

4.3.2    Market estimates and forecast from plug-in relay by region, 2012 – 2024, (Million Units) (USD Million)

Chapter 5    Automotive Relay Market, By Application

5.1    Global automotive relay market share by application, 2016 & 2024

5.2    Powertrain systems

5.2.1    Market estimates and forecast for powertrain systems, 2012 – 2024, (Million Units) (USD Million)

5.2.2    Market estimates and forecast for powertrain systems by region, 2012 – 2024, (Million Units) (USD Million)

5.3    Body & chassis

5.3.1    Market estimates and forecast for body & chassis, 2012 – 2024, (Million Units) (USD Million)

5.3.2    Market estimates and forecast for body & chassis by region, 2012 – 2024, (Million Units) (USD Million)

5.4    Convenience

5.4.1    Market estimates and forecast for convenience, 2012 – 2024, (Million Units) (USD Million)

5.4.2    Market estimates and forecast for convenience by region, 2012 – 2024, (Million Units) (USD Million)

5.5    Safety & security

5.5.1    Market estimates and forecast for safety & security, 2012 – 2024, (Million Units) (USD Million

5.5.2    Market estimates and forecast for safety & security by region, 2012 – 2024, (Million Units) (USD Million)

5.6    Driver information

5.6.1    Market estimates and forecast for driver information, 2012 – 2024, (Million Units) (USD Million)

5.6.2    Market estimates and forecast for driver information by region, 2012 – 2024, (Million Units) (USD Million)

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