The global automotive relay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2023-2030). Globally, with the growth in automotive sales and rapid technological advancements such as Advanced Driver Assistance Systems (ADAS), companies are focusing on R&D and portfolio expansion which is driving overall demand for the automotive relay market. For instance, in April 2023, Fujitsu Components announced the launch of the FTR-G3 relay, the smallest 30A relay in its class measuring just 6.6 x 13.7 x 14.0mm and weighing approximately 4.0grams. According to the company, the FTR-G3 relay is a plastic-sealed relay that is ideal for use in tiny spaces, especially in automotive applications where space is confined. Further, in February 2023, ATO, the relay original equipment manufacturer (OEM) in China, announced the launch of its Solid State Relays (SSR) and timer relays. As per the company, these relays are designed to meet the needs of various applications and are available in different models and specifications.
Browse the full report description of “Automotive Relay Market Size, Share & Trends Analysis Report by Relay Type (PCB Relay, Plug-in Relay, High Voltage Relay, and Other Relay Types), by Vehicle Type (Passenger, Commercial, Electric), and by Application (Safety and Security, Lights system, Engine Management Module, and Other Applications) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/automotive-relay-market
Furthermore, in January 2022, Toshiba Electronics Europe GmbH (TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION) unveiled a photo relay tailored for distinct applications within battery-powered and hybrid-electric vehicles. According to the company, the TLX9160T, classified as a normally open (NO) 1-Form-A relay, has been engineered for tasks such as battery management systems (BMS), ground fault detection, and the identification of faults associated with mechanical relays. Importantly, the TLX9160T is designed to operate with supply voltages (VDD) of up to 1000V, ensuring compatibility with the prevailing majority of traction batteries commonly employed in the industry.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Relay Type
o Vehicle Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The major companies in the global automotive relay market include ABB Ltd, DENSO Corp., Eaton Corporation plc,and FUJITSU COMPONENT LIMITED among others.
Key questions addressed by the report.
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Relay Market Report Segment
By Relay type
By Vehicle Type
By Application
Global Automotive Relay Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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