Automotive Relay Market: Regional Revenue, Top Key Players & Projected Industry Growths to 2024
APAC automotive relay market is slated to witness a CAGR 4.5% by 2024. The superfluity of prominent automotive market giants in APAC belt is expected to position the region as one of the most lucrative growth avenues for automotive relay industry. This is on account of the fact, that these automakers have been increasingly focusing on bringing tailor made features in the vehicle designs that has substantially led to increased product demand.
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The profitability quotient of automotive relay industry 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 market 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.
Speaking of the application portfolio, powertrain system is profoundly one of the prominent business spheres where automotive relay industry penetration has been incredible. Today, these systems have been increasingly deploying plug-in-relays, subject to some of its excellent beneficiary features such as susceptibility to voltage fluctuations, elevated temperatures, and to extreme vibratory conditions. Estimates claim that powertrain systems application would procure more than 23% of the overall automotive relay market by 2024.
Some of the prominent biggies involved in automotive relay industry include American Zettler Inc, Denso Corporation, ABB Ltd., Panasonic, NEC Corporation, Nippon Aleph corporation, and Eaton Corporation. Leading companies are focusing on honing their distribution channel to ensure a stronger presence in the strategic landscape. For instance, Microsemi Corporation has introduced a new distribution sales channel, Microsemi Direct, to provide highest level of sales support to North American customers. Moreover, M&A, strategic partnership, and product portfolio expansion will continue to be the focus areas of automotive relay market investors over the forthcoming years.
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Some Point from Table of Contents:
Chapter 4 Automotive Relay Market, By Product
4.1 Global automotive relay industry 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 industry 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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