The Asia Pacific Automotive Relay Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
The fundamentals of an NC, or normally closed, relay is comparable to those of a NO relay. There are circuits, the second of which is significant, and an electromagnet switches physical contact between positions. However, the default states are the opposite for an NC relay. When the primary circuit is turned on, the contact is drawn away from the second circuit by the magnets. As a result, NC relays maintain the larger circuit by default.
A significant increase in fatality rates due to vehicle accidents has been witnessed in recent years. Road accidents cause a lot of mortality all over the world. Teenagers are more likely than adults to suffer the effects of a driving accident. These elements are driving the demand for vehicle safety features. To satisfy consumer demand, businesses in the automotive industry are creating and implementing safety measures. Due to an increase in traffic accidents worldwide, demand for safety equipment such as collision avoidance systems, parking assistance, traction control, lane departure warnings, tire pressure monitors, electronic stability control, and airbags is on the rise.
In India, the transport industry uses 18% of the country's total energy, according to the Bureau of Energy Efficiency. This amounts to around 94 million tons of energy (MTOE). By 2030, India would need an estimated 200 MTOE of energy supply yearly to meet the demand of this industry if it continued its current patterns of energy use. Since imported crude oil now supplies the majority of this demand, this industry is particularly susceptible to fluctuations in the price of crude oil globally. A further estimate for the sector's annual CO2 emissions is 142 million tons, of which the road transport section alone accounts for 123 million tons.
The China market dominated the Asia Pacific Automotive Relay Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,265.5 million by 2028. The Japan market is estimated to grow a CAGR of 5.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.5% during (2022 - 2028).
Based on Product, the market is segmented into PCB, Plug-in Relay, High Voltage Relay, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Propulsion, the market is segmented into Internal Combustion Engine (ICE) and Electric & Hybrid. Based on Application, the market is segmented into Powertrain System, Body & Chassis, Safety & Security, Convenience, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Relay Market is Projected to reach USD 20.7 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Fujitsu Limited, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Littelfuse, Inc., Denso Corporation, MITSUBA Corporation, LS Automotive Technologies Co., Ltd., and Xiamen Hongfa Electroacoustic Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- PCB
- Plug-in Relay
- High Voltage Relay
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Propulsion
- Internal Combustion Engine (ICE)
- Electric & Hybrid
By Application
- Powertrain System
- Body & Chassis
- Safety & Security
- Convenience
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- TE Connectivity Ltd.
- Fujitsu Limited
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Littelfuse, Inc.
- Denso Corporation
- MITSUBA Corporation
- LS Automotive Technologies Co., Ltd.
- Xiamen Hongfa Electroacoustic Co., Ltd.
TABLE 1 Asia Pacific Automotive Relay Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive Relay Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 5 Asia Pacific PCB Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific PCB Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Plug-in Relay Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Plug-in Relay Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific High Voltage Relay Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific High Voltage Relay Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Internal Combustion Engine (ICE) Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Internal Combustion Engine (ICE) Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Electric & Hybrid Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Electric & Hybrid Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Powertrain System Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Powertrain System Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Body & Chassis Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Body & Chassis Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Safety & Security Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Safety & Security Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Convenience Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Convenience Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Automotive Relay Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Automotive Relay Market by Country, 2022 - 2028, USD Million
TABLE 41 China Automotive Relay Market, 2018 - 2021, USD Million
TABLE 42 China Automotive Relay Market, 2022 - 2028, USD Million
TABLE 43 China Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 44 China Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 45 China Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 China Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 China Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 48 China Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 49 China Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 50 China Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 51 Japan Automotive Relay Market, 2018 - 2021, USD Million
TABLE 52 Japan Automotive Relay Market, 2022 - 2028, USD Million
TABLE 53 Japan Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 54 Japan Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 55 Japan Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 Japan Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 Japan Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 58 Japan Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 59 Japan Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 60 Japan Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 61 India Automotive Relay Market, 2018 - 2021, USD Million
TABLE 62 India Automotive Relay Market, 2022 - 2028, USD Million
TABLE 63 India Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 64 India Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 65 India Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 India Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 India Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 India Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 India Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 70 India Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 71 South Korea Automotive Relay Market, 2018 - 2021, USD Million
TABLE 72 South Korea Automotive Relay Market, 2022 - 2028, USD Million
TABLE 73 South Korea Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 74 South Korea Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 75 South Korea Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 South Korea Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 South Korea Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 78 South Korea Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 79 South Korea Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 80 South Korea Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 81 Singapore Automotive Relay Market, 2018 - 2021, USD Million
TABLE 82 Singapore Automotive Relay Market, 2022 - 2028, USD Million
TABLE 83 Singapore Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 84 Singapore Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 85 Singapore Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 86 Singapore Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 87 Singapore Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 88 Singapore Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 89 Singapore Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 90 Singapore Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 91 Malaysia Automotive Relay Market, 2018 - 2021, USD Million
TABLE 92 Malaysia Automotive Relay Market, 2022 - 2028, USD Million
TABLE 93 Malaysia Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 94 Malaysia Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 95 Malaysia Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 Malaysia Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 Malaysia Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 98 Malaysia Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 99 Malaysia Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 100 Malaysia Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Automotive Relay Market, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Automotive Relay Market, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Automotive Relay Market by Product, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Automotive Relay Market by Product, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Automotive Relay Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Automotive Relay Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 107 Rest of Asia Pacific Automotive Relay Market by Propulsion, 2018 - 2021, USD Million
TABLE 108 Rest of Asia Pacific Automotive Relay Market by Propulsion, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Automotive Relay Market by Application, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Automotive Relay Market by Application, 2022 - 2028, USD Million
TABLE 111 Key information –TE Connectivity Ltd.
TABLE 112 Key Information – Fujitsu Limited
TABLE 113 Key Information – Omron Corporation
TABLE 114 Key Information – Panasonic Corporation
TABLE 115 key information – Robert Bosch GmbH
TABLE 116 Key Information – Littelfuse, Inc.
TABLE 117 key information – Denso Corporation
TABLE 118 Key Information – MITSUBA Corporation
TABLE 119 Key Information – LS Automotive Technologies Co., Ltd.
TABLE 120 Key Information – Xiamen Hongfa Electroacoustic Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: TE Connectivity Ltd.
FIG 3 SWOT Analysis: Fujitsu Limited
FIG 4 SWOT Analysis: Omron Corporation
FIG 5 SWOT Analysis: Panasonic Corporation
FIG 6 Swot analysis: Robert Bosch GmbH
FIG 7 Recent strategies and developments: Littelfuse, Inc.