Automotive Relay Market: Passenger Cars are Anticipated to be the Largest Among all other Vehicle Types

Posted on 2019-06-21 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-21 — /EPR Network/ — The promising advent of innovative products coupled with booming automobile production is fostering the growth of automotive relay market. The gains of automotive relay market can be attributed to surging demand from a myriad of applications such as automotive, industrial, trucks, and heavy equipment. Moreover, on-going diversifications in printed circuit boards (PCBs) have paved ways for replacement of complex and traditional relays, which bodes well for the automotive relay market. With increasing demand for technologies like GPS, temperature, weather, and traffic information, the installation rates of automotive relays are expected to rev up, thereby pushing growth of automotive relay market. As per the report published by Fact.MR, the automotive relay market was valued at US$ 12,030.9 Mn in 2017 and is envisioned to value around US$ 15,692.5 Mn by 2022 end.

The weight of a relay is more than automation, providing the ability to switch between two circuits within the same relay. The popularity of automotive relay can be linked to growing demand from an array of applications such as heavy equipment, automotive and trucks. Besides, as a system reliability and performance, use of relays to switch devices has gained momentum.

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Chapter wise Analyses

Chapter 1- Executive Summary
This chapter entails a concise and brief summary projecting an optimistic outlook of automotive relay market. This chapter sets the tonality for prophecy of automotive relay market by providing a crisp snapshot of the market scenario of automotive relay market. Also, the executive summary of automotive relay market includes pivotal facts and statistics regarding the dynamic scenario of
automotive relay market.

Chapter 2– Overview
This chapter entails a brisk overview of the automotive relay market. This includes a quick introduction of automotive relay market and definition of the same. The year-over-year growth matrix of automotive relay market aids users to gauge the per-year growth of the industry and factors facilitating the growth. Insights on year-over-year growth enables the readers to fetch a broader picture on progression pattern of automotive relay market

Chapter 3– Analysis and Forecast by Product Type
This chapter incorporates an opportunity assessment of automotive relay market by product type. For all the product types featured in the report for automotive relay market, the reader gets lucid insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each product type.

Chapter 4- Analysis and Forecast by Vehicle Type
This chapter addresses the futuristic know-how of automotive relay market by vehicle type. For all types of vehicles included in the taxonomy of automotive relay market report, the reader gets unmatched insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each vehicle type.

Chapter 5- Analysis and Forecast by Application
This chapter pinpoints the outlook of automotive relay market by application. For different applications such as powertrain, body and chasis, safety and security, and so on, this section of the automotive relay market report provides cutting-edge insights on revenue (US$ Mn) comparison by region, market share comparison by region, and Y-o-Y growth comparison by region for each
application area of automotive relay market.

PCB relay is estimated to be the supreme in terms of revenue among all other product types in the automotive relay market. Most of the electronic applications such as ABS, cruise control, doors, power steering, power windows, and sunroof raise consistent requirements for PCB relays. However, in many areas plug-in versions of automotive relays are sought-after as compared to PCB relays. Some of the functions in which PCB relays don’t fit in the bill include switching operations performed amid extreme vibrations, temperatures, and voltage oscillations. In the aforementioned context, plug-in relays are gaining more traction in the automotive relay market.

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Passenger cars are anticipated to be the largest among all other vehicle types in the automotive relay market. Government is investing in deliberate efforts to push the sale and use of electric vehicles, which is likely to a ravenous factor for automotive relay market. Another key aspect responsible for supremacy of this segment in automotive relay market is the rising demand for electronic e-fuse over electromagnetic alternative by virtue of modernization of vehicles. The aforementioned aspects outline the prominence of electric vehicles in the foreseeable future. This, in turn, makes it a lucrative segment for the industry participants of automotive relay market.

Automotive Relay Market: Competitive Scenario

Market players of automotive relay market are witnessing cut-throat competition in the wake of design expertise, innovation and breakthroughs, and efficient distribution channels. Vendors of automotive relay market are increasingly keeping an eye on product enhancements, which will facilitate automobile functioning and revitalize the driver experience. Many automakers have consistently improved the fuel efficiency ratio and curtailed carbon footprint as a corporate priority. Some of the key players featured in the report include Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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