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Automotive Relay Market Share

Report ID: GMI619
Published Date: Sep 2017
Report Format: PDF

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Automotive Relay Market Share

Automotive relay industry players include

Denso
Eaton
Fujitsu
ABB Ltd.
Idec Corporation
Littelfuse Inc.
TE Connectivity
Omron Corporation

Other notable players include

Sharp Corporation
NEC Corporation
Nippon-Aleph
Daesung Electric

The industry participants focus on alliances and strategic partnerships for strengthening their foothold. They are engaged in operational improvement, driven by cost reduction initiatives and capturing mergers and acquisitions synergies.

For instance, in March 2016, Littelfuse acquired circuit protection business of TE Connectivity by investment of USD 348 million. The company’s acquisition increased its presence in Japan and strengthened the product portfolio by expanding its business in auto electronics. Later in that year, the company acquired Menber headquartered in Italy and specializes in design, manufacturing, and selling of vehicle components.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of automotive relay surpassed USD 13 billion in 2016.

The industry share of automotive relay is anticipated to grow at 4% CAGR between 2017 to 2024.

Automotive relays are increasingly integrated in safety and security systems like theft protection equipment, defogging systems, airbags, power windows, and windshield wiping systems.

PCB relays are witnessing significant deployment in the automobile sector on account its miniature size which aids in saving space and its extensive use in vehicular system applications such as power steering, power windows, sunroof, ABS, cruise control, and doors.

Presence of major automobile manufacturers coupled with stringent driver safety regulations are some of the major factors boosting the automotive relay installation rate in Europe.