Semiconductors & Electronics Industry Automotive Relay Market Growth and Forecasts, 2020

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Automotive Relay Market Research Report - Global Industry Analysis, Size, Growth and Forecast to 2020 - Hexa Research Global automotive relay market is anticipated to reach USD 12 billion by 2020, as per a new research report by Hexa Research Rising need for high-frequency signals in automotive industry is expected to drive demand. These relays enhance driving experience and provide greater safety for consumers. Escalating adoption rate of sophisticated electronic equipment coupled straight government initiatives regarding safety is likely to favor automotive relay market growth prospects. However, lack of standardization in components is likely to challenge industry participants. PCB replay was the leading product segment and was valued USD 5,500 million in 2013. It is expected to gain significant market share and reach USD 8,500 million at a CAGR of 6% from 2014 to 2020. Miniaturization of electromechanical relays is likely to promote its demand. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/