Global Automotive Relays Market 2017-2021
About Automotive Relays
An automotive relay is a switch, which acts as a bridge between two circuits. It is used to enable low amperage circuits to turn on/off a higher amperage circuit, and it is widely used in cars, trucks, buses, coaches. A Relay is also used for switching on/off multiple things at the same time by using a single output. It acts as a binary actuator, i.e., an electrical output device used for controlling an external physical process. It has two stable states – being energized and latched or being de-energized and unlatched.
Technavio’s analysts forecast the global automotive relays market to grow at a CAGR of 3.00% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive relays market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Relays Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive relays market: American Zettler, Bosch, Delphi, DENSO, FUJITSU, Infineon Technologies, and Panasonic Electric Works Europe.
Other Prominent Vendors in the market are: Eaton, Mouser Electronics, OMRON, Song Chuan Precision, TE Connectivity, and Waytek.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is electric vehicle relays for high voltage applications. The electric vehicle relay is a forerunner of the eco age, as it combines both the compact design and the high DC voltage cut-off. The electric vehicle relays are compact and lightweight. As it is charged with hydrogen gas, it has high arc cooling capacity and has achieved short gap cut-off at a high DC voltage.”
According to the report, one driver in the market is increase in number of electronic systems and safety equipment. With the fast-paced change in people's lifestyle, the demand for automobiles has increased rapidly. A wide variety of relays has been in use in the automotive sector, as different components in an automobile require varying amount of current to operate. Advancement in technology, innovation, and design, in the automotive industry, has resulted in an increase in the demand for better features, safety devices, and infotainment systems present in an automobile.
Further, the report states that one challenge in the market is replacement of automotive relays by powered switches. Relays play a significant role in connecting the various components in an automotive and regulating the electric voltage and current between those components to ensure that no product is damaged due to excess current supply. A typical vehicle is equipped with around 20 to 30 relays, as they are used to perform various functionalities. With the latest technological advancements, the powered switch is being used as a replacement for relays. A powered switch is an integrated system, which can perform the task of all the relays combined.
American Zettler, Bosch, Delphi, DENSO, FUJITSU, Infineon Technologies, Panasonic Electric Works Europe, Eaton, Mouser Electronics, OMRON, Song Chuan Precision, TE Connectivity, and Waytek.