Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Relay Market Research Report - Global F | Page 2

technology. The various systems that are used to increase the safety and provide comfort to
the passengers in the vehicle, require the use of automotive relay. Thus, the rise of automotive
relay market is also due to the increased safety and comfort system. The increase in use of
automotive relay in this systems will result in further growth of the market during the forecast
period. The transformation of automotive industry from traditional to the electrification, has
resulted in the increased use of electronic components in the vehicles. This will result in rising
demand for automotive relay in the passenger and commercial vehicles, which will drive the
growth of the market during the forecast period.
Segmentation:
The automotive relay market is segmented based on type, load type, electric vehicle type, and
region. On the basis of type, the market is segmented based on PCB, Plug-In, High Volt,
Protective, Time. PCB relay is expected to dominate the automotive relay market during the
forecast period because of the increasing use of PCB relay in application such as cruise control,
electric steering, power windows, and sunroof. The increased demand for PCB relay by the
OEMs, has resulted in the growth of the market during the forecast period, as it can withstand
heavy load. On the basis of load type, the market has been segmented as small load, medium
load, and heavy load. The heavy load is expected to dominate the automotive relay market due
to the ability to hold high power load in the electronic system. The capability to withstand
higher power in the system have resulted in the increased use of heavy load relay in the
vehicles.
Regional Analysis:
On the basis of region, the market has been segmented into North America, Asia Pacific,
Europe, and Rest of the World. Asia Pacific region is expected to dominate the automotive relay
market during the forecast period due to the growing demand of electric vehicle in emerging
countries such as India, China, and Japan. The emerging countries such as India, and China are
the manufacturing hubs of the automotive industry, which have resulted in the increased
production of passenger and commercial vehicles. Also the increasing demand of electric
vehicles in China and Japan have resulted in the increase use of automotive relay in vehicles,
which will drive the growth of automotive relay market in future. North America is expected to
be the second largest region in the automotive relay market during the forecast period. In
North America, there has been significant investment made by the OEMs to develop electric
vehicles. The increased investment for the development of electric vehicle, will result in the
growing use of automotive relay in the vehicle system. This will result in the growth of the
market during the forecast period.