“Automotive Relay market to reach $15.5bn in 2020” says new Visiongain report

23 March 2020
Automotive

Visiongain has launched a completely new automotive report Automotive Relay Market 2020-2030: Forecasts by Type (PCB, Plug-In, High Voltage, Others), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Electric Vehicles), Electric Vehicle Type Ampere (5A-15A, 16A-35A, >35A), Application (Powertrain System, Body and Chassis, Driver Information System, Safety & Security, Convenience and Others) Plus Analysis of Leading Companies.

Automotive relays allow the vehicle to connect and communicate with internal components of the vehicles that runs on active and passive power supplies. The autonomous functionality coupled with advanced connectivity capabilities is enabling new vehicle driving models in the automotive industry. Increasing adoption of autonomous driving is leading to the implementation of advanced relays in vehicles manufactured.

Over the past decade, regulatory bodies testing of relay type and deployment have taken place all over the world. PCB and high voltage relays has attracted global suppliers, specifically in European region to invest significantly in the development and testing of new systems in anticipation of new business opportunities with OEMs. Growing concern of increasing fatality rate on roadways, increasing demand for safety and comfort, and increasing sale of electric and hybrid vehicles are factors driving the automotive relays market.

The Visiongain report analyst commented "The appetite for Automotive Relays will grow over the forecasting period, owing to the increasing sales of electric vehicles, growing ADAS applications, and increasing demand for safety and comfort. Collaboration of OEMs with automotive component suppliers to build innovative efficient automotive relays and maintain smooth communication within vehicle would be seen during the forecast period to maintain competitive edge in the market.

Automotive relays are used to perform logical operations and have been largely replaced by OEM for electronic module designs. Different types of automotive relays are used to perform simple and complex logical tasks including time controlled functions and momentary inputs.

Advanced safety and security features are no longer limited to premium vehicles. Increased demand in emerging markets worldwide has led to the installation of in-vehicle electronic equipment in entry-level vehicles. Advanced driver assistance systems (ADAS) safety applications examine road conditions and alert drivers to hazards, thereby helping to avoid potentially dangerous situations. They help to prevent vehicle accidents during critical situations and protect passengers from injury.

Europe is the largest revenue-generating region for high voltage relay market due to increased demand for comfort driving and Euro-NCAP car ratings. Vehicle safety and driver comfort attract huge interest within the automotive industry in Europe. The automotive industry in Europe continues to be shaped by intensified global competition and long-term strategies, increasing cost, rivalry in the field of innovation and electric vehicle technologies.

Although semiconductor companies and component manufacturers, automotive component suppliers, other players have made important enhancements in recent years, there is much room for improvement. A lot of start-ups and niche application companies, which have previously not participated in the automotive industry, now develop or have started offering relays which serves multiple automotive applications. The implementation rate and overall automotive relay market prospects are following an inexorable upward trajectory."

Leading companies featured in the report who are developing Automotive Relays include:
• Denso Corporation
• Omron Corporation
• Hella KGaA Hueck & Co
• Robert Bosch GmBH
• Panasonic Corporation
• TE Connectivity
• Littlefuse
• Tianbo Relay
• LS AUTOMOTIVE INDIA PRIVATE LIMITED
• Hongfa Technology Co. Limited

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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