Home > Automotive > Automotive Technology > ADAS > Electric Vehicle Relays Market

Electric Vehicle Relays Market Trends

Report ID: GMI12306
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Electric Vehicle Relays Market Trends

The shift to higher voltage systems (800V and beyond) in EVs is driving demand for specialized relay solutions. Manufacturers are investing in R&D to develop relays that can handle these increased voltage levels safely. This trend is particularly prominent in premium EVs and commercial vehicles, where faster charging and improved performance are key priorities.

For instance, in June 2024, Pickering Electronics has showcased its range of high voltage (HV) reed relays in India EV Show 2024. Featured products include the Series 219 surface mount reed relay and the 5kV version of the single-in-line Series 104 reed relay. Additionally, Pickering will highlight other HV models, such as the Series 67 and 68 families, which utilize former-less coils for a compact size of 58.4 x 12.6 x 14.5mm.

As EVs become more compact, the demand to reduce the size and weight of electronic components intensifies, without sacrificing functionality or durability. Designers must innovate with miniaturized parts, efficient packaging, and advanced integration techniques to incorporate high-power switching capabilities into increasingly limited vehicle architecture spaces.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric vehicle relays reached USD 3.4 billion in 2024 and is set to grow at a CAGR of 8.4% from 2025 to 2034, driven by the global rise in electric vehicle adoption.

The mechanical relay segment held over 45% of the market share in 2024 and is projected to exceed USD 3 billion by 2034, led by its ability to meet stringent reliability and lifecycle standards.

China's market accounted for 40% of the revenue share in 2024, propelled by strong consumer demand, government incentives, and infrastructure investments.

The key players in the industry include ABB, Bosch, Denso, Forvia Hella, Fujitsu, Littlefuse, Mitsubishi, Omron, Panasonic, and TE Connectivity.