Automotive Relay Market: APAC Region is Expected to Record CAGR of 4.5 By 2024

APAC automotive relay market is projected Record CAGR of 4.5% over the coming seven years. The automotive industry, in recent years, has depicted a profound escalation across the globe, the growth scale of which has had a massive impact on the overall automotive relay market share. Countries such as Indonesia, India, and China, now termed as the primary Asian automotive hubs, have been experiencing large-scale vehicle production. The growing popularity of automotive infotainment, telematics, and communications applications across APAC is thus expected to create a profitable road map for Asia Pacific automotive relay industry.

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The presence of prominent automobile manufacturers in the North America is expected to substantially increase the product demand in the region. Research in fact, claims North America automotive relay market to grow at a rate 5% over the coming seven years, having amassed a revenue of more than USD 2 billion in 2016. The rapidly growing demand for relays, especially in the automotive aftermarket in countries such as Mexico is expected to massively augment the regional business expansion.

Littelfuse’s yesteryear acquisition of TE Connectivity’s circuit protection business is an apt instance of automotive relay market place depicting signs of consolidation in the competitive landscape. Elaborating further on the aforementioned deal, the Chicago based automotive electronics manufacturer has reportedly closed a deal with TE Connectivity in an all cash transaction of USD 350 million in 2016, in a bid to strengthen its position in the automotive relay business space.

TE’s circuit protection business witnesses a strong portfolio in polymer based resettable circuit protection devices, which in consequence of the acquisition has come under the veil of the Littelfuse. If reports are to be believed, this deal has allowed Littelfuse to reinforce its core circuit protection business both in existing as well as emerging markets.

Merely a month ago, Japan's automotive behemoths, Toyota, Mazda, and Denso joined hands to develop battery-powered cars for reducing GHG emissions and improving the overall vehicle performance. Pursuing the path set by these giants, other automobile manufacturers have also been incorporating connected technologies in passenger vehicles, light trucks, minivehicles, and SUVs. The automotive sector, with the proliferation of smart tech, has been emerging as a transformative new domain, as automobile manufacturers have been keenly bringing about innovation in lightweight materials, power trains, active safety & assisted driving, and connectivity, which would ultimately create lucrative avenues for automotive relay market.

It is prudent to mention that relays are essentially deployed in safety & security systems, convenience systems, power trains, and body & chassis systems to enhance their efficiency. Convenience systems in fact, are specifically expected to make a mark in automotive relay market over the next few years. Driven by the robust demand for relays in seat control, electronic power steering, communication, sunroof control, and infotainment, it has been forecast that automotive relay industry share from convenience systems will record a CAGR of 5% over 2017-2024.

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.

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Some Point from Table of Contents:

Chapter 4    Automotive Relay Market, By Product

4.1    Global automotive relay market 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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