Auto Relay Market Growth Rate, Shares and Market Driving Factors Forecast To 2025

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 on the basis of 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.