Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Relay Market_20.02_Anushree | Page 2

On the flip side, the automotive industry there is a lack of standardization, which might
restrain the growth of automotive relay market as these are comparatively weaker than the
conventional plug-in relays. Hence, in many applications, especially in power strain systems,
conventional plug-in relays are still preferred. This factor may also act as a restraint in the
automotive relay market in the forecast period.
Market Segmentation
The global automotive relay market is segmented based on type, load type, electric type,
and region.
Based on the type, the market is further segmented as PCB, Plug-In, High Volt, Protective,
Time. Of these, PCB relay is expected to rise the market during the forecast period. The
reason behind is the increasing use of PCB relay in cruise control, electric steering, power
windows, and sunroof. With this, the increased demands for PCB relay by the OEM’s have
also pushed the market of automotive relays to a higher CAGR in the forecast period.
Based on the load type, the market has been segmented as small load, medium load, and
heavy load. Of these, the heavy load has a significant market share due to having the ability
to hold high power load in the electronic system. The capability to withstand higher power
in the system has resulted in the increased usage of heavy load relay in the vehicles.
Regional Analysis
Geographically, Asia Pacific has landed the leadership position in the market during the
forecast period witnessing the growing demand for an electric vehicle in emerging countries
such as India, China, and Japan. These countries are the manufacturing hubs of the
automotive industry, resulting in increased production of passenger and commercial
vehicle. On the same time, the increasing demand for electric vehicles in China and Japan
specifically have occurred in the increased use of an automotive relay in vehicles. This is
majorly taking the automotive relay market to rise in the forecast period significantly.
Whereas, in North America, there has been witnessed that significant investments in the
process by OEM’s to develop electric vehicles. Such expenditures for the development of
electric vehicle is positively igniting the automotive relay market.
Key Players
The key players in automotive relay market are TE Connectivity Corporation (Switzerland),
Omron Corporation (Japan), Panasonic Corporation (Japan), Fujitsu (Japan), and Hella KGaA
Hueck & Co. (Germany), Denso Corporation (Japan), American Zettler (U.S.), ABB Group
(Switzerland), Eaton Corporation plc (Republic of Ireland), Sharp Corporation (Japan), NEC
Corporation (Japan), Nippon-Aleph (Japan), Daesung Electric (India), Mouser Electronics,
Inc.(U.S.).
Get Details Information of “Automotive Relay Market Research Report - Global Forecast
to 2023” At: https://www.marketresearchfuture.com/reports/automotive-relay-market-
5336