The global auto relay market is anticipated to grow during the forecast period. Technological proliferations by manufacturers have greatly diversified over the past 3 years, which has significantly increased the switching relays from 20 to 30 per vehicles. Potential variations needed for each relay has undergone a significant transition to facilitate specification required for varied applications. Regulatory boards around the world such as the National Highway Traffic Safety Administration (the United States) have issued guidelines to install various safety equipment in automobiles in automobiles to provide control fatalities arising from road accidents. Relays required for switching safety devices is estimated to spur the auto relay market over the next seven years. A major challenge for the industry is the non existence of any standardization in the industry of automotive essentially in the developing economies. Manufacturers are focusing on initiating efforts to standardize automotive industry at a global level, which in turn is not substantial enough to elevate market growth and demand over the long run.
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On the basis of product, the
automotive relay market is segmented into PCB relay and Plug-In relay. On the
basis of application, the automotive relay market is segmented into body &
chassis, safety & security, powertrain systems, driver information systems
and convenience. Manufacturers focus on offering automobile weight reduction to
advance fuel efficiency, which has driven the PCB automotive relays demand due
to increasing miniaturization and enhanced current managing capabilities. PCB
relays accounted for global shipments of over 70% over the last few years. In
powertrain systems, conventional plug-in is widely adopted owing high
robustness and flexibility to bear high temperatures, vibrations and voltage
fluctuations.
Convenience applications had a
market volume of more than 30% in the year 2013. Increasing focus on
entertainment features and comfort systems in vehicles has escalated the use of
relays for the switching of these devices. Adoption of enhanced security and
safety systems is estimated to foresee increasing growth over the next seven
years due to emerging government regulations associated with the vehicle
security. The industry has witness
a key trend where relays are extensively integrated into driver information
systems and the trend is expected to spur in future. Increasing global
shipments in the Asia Pacific region has transformed the area into automobile
manufacturing hub, which in turn has driven the automotive relay market in the
region. North America is expected to witness high growth attributing the well
established automotive industry in the region.
Manufacturers of PCB relay are
tapping into new potential markets are focusing on launching new product lines
so as to diversify the business offerings. Also, companies are focusing on
strategic alliances and partnerships in order to expand the product portfolio
and increase their reachability. For the purpose of this report, the
global automotive relay market is segmented based on application, products and
region. Notable players in the market include Panasonic, HELLA, Gruner, YMT,
Omron, TE Connectivity and LS.
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This report provides professional
& in-depth study on the current state of global auto relay industry with an
essential focus on the automotive sector. The report offers an overview of the
market including industry chain structure, definitions, applications and
classification. The auto relay industry status analysis is provided witnessing
the trends of the industry. Development plans and policies are also discussed
along with analyzing cost structure and manufacturing processes. Auto relay
demand & supply figures, cost price, export/import consumption and
production value gross margins are also provided.
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