Premium Car Segment to Have the Largest Market Size in the Automotive Relay Market

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Automotive Relay Market by Type (PCB, Plug-In,
High Volt, Protective, Time), Load Application
(Door Lock, Power Window, Sunroof, Power Seat,
EPS, Lighting, Fuel Injection, AC, Starter, Horn,
Wiper), ICE EV, and 48V Relay Market - Global
Forecast to 2022
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Hybrid Electric Vehicle (HEV) segment is
estimated to hold the largest market in the
Electric Vehicle relay market The HEV segment is
estimated to hold the largest market size in the
electric vehicle relay market in 2017. HEVs have
a combustion engine in addition to the electric
motor and battery. On the other hand, in a BEV,
the combustion engine gets replaced with an
electric motor. Hence, in HEVs, the normal
electronic applications will continue to exist
along with a few additional electronic
applications. Hence, the number of relays will
increase in HEVs as compared to BEVs and PHEVs.
The relays employed in electric vehicles have
different voltage levels, with the power rating
ranging from 1kW to 5kW depending on the
application. For instance, in ICE passenger car,
alternator was used to supply 12V power supply.
On the other hand, in EVs and HEVs, this is
performed by DC-DC converter with the help of
high voltage batteries. Thus, the technical
specifications will have a major influence in
HEVs and EVs. PDF Brochure https//www.markets
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LCV is estimated to be the fastest growing
vehicle segment in the automotive relay
market The LCV relay segment is projected to
grow at the fastest growth rate during the
forecast period from 2017 to 2022. The North
America region is estimated to witness a high
growth in LCV production.  In the U.S., the LCV
production is projected to increase from 3.3
million units in 2017 to 4.4 million units by
2022. OEMs are focused on adding premium
electronic features in LCVs, which influences the
relay market for LCV segment. The adoption of
applications such as HVAC, sunroof, starter
motor, power seats, door lock, and others is also
increasing at high growth rates. Hence, the relay
market for this vehicle segment is estimated to
grow at the fastest CAGR during the forecast
period. Request for Customization
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The automotive relay market is projected to grow
at a CAGR of 6.20 from 2017 to 2022, to reach a
market size of USD 16.75 Billion by 2022.
Increase in the production of luxury segment
vehicles, increasing electrification owing to
demand for luxury and comfort, and changing
government norms regarding the safety of vehicles
are the key factors influencing the demand for
the automotive relay market during the forecast
period. PCB relay is estimated to be the fastest
growing segment in this market. OEMs are using
PCB relays in the major applications of a vehicle
such as ABS, cruise control, doors, power
steering, power windows, sunroof, and others.
Increasing demand for electronic control modules
coupled with electronic components has generated
the demand for smaller devices that can be used
for carrying greater current loads. Several
Tier-1 suppliers and OEMs prefer using PCB relays
owing to its miniaturized size, which saves
significant space in the vehicle junction box.
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Asia-Oceania region is estimated to be the
leading market for automotive relay Asia-Oceania
is estimated to dominate the automotive relay
market, as the region represents countries such
as China, Japan, South Korea, and India with the
worlds highest vehicle production. According to
the Organisation Internationale des Constructeurs
dAutomobiles (OICA) publication, these countries
together contributed 53 to the global vehicle
production in 2016. Additionally,countries like
China and India have become manufacturing hubs
for automobiles. Chinas initiative to reduce
sales tax for passenger vehicles is expected to
expand the overall volume of vehicle production
by 1516 in 2016. India is also expected to be
the fastest growing market due to increasing
disposable income of people. The light vehicle
sales in India showed a positive development in
the second quarter of 2016, and new models and
compact SUVs are driving the demand for vehicles.
Increased sales would influence the automotive
relay market. Speak to analyst _at_
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Market Ecosystem The market is led by the key
automotive relay manufacturers such as TE
Connectivity (Switzerland), Panasonic Corporation
(Japan), Denso Corporation (Japan), Omron
Corporation (Japan), and American Zettler (U.S.).
The automotive relay components are supplied to
major OEMs in the automotive industry such as
Volkswagen (Germany), Nissan (Japan), Toyota
Motor Corporation (Japan), Honda Motor Co. Ltd
(Japan), and others. Buy Now
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Browse gtgt 108 market data
tables 57 figures
197 pages and in-depth TOC  "Automotive
Relay Market by Type (PCB, Plug-In, High Volt,
Protective, Time), Load Application (Door Lock,
Power Window, Sunroof, Power Seat, EPS, Lighting,
Fuel Injection, AC, Starter, Horn, Wiper), ICE
EV, and 48V Relay Market - Global Forecast to
2022 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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