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The Asia Pacific automotive relay market size is projected to grow at a CAGR of 6.5% between 2024 and 2032. The market is being aided by the increasing demand for protective relays.
As the automotive industry switches towards the adoption of powerful (800V) EV batteries, significant risks related to passenger safety have emerged. To combat this challenge, companies are integrating innovative solid-state relay solutions into their vehicles, which are up to 90% smaller and 10 times more durable than electromechanical automotive relays. They also possess a higher insolation capacity and are faster than electromechanical automotive relays. This is expected to drive the Asia Pacific automotive relay market expansion over the forecast period.
The increasing demand for protective relays has become one of the key Asia Pacific automotive relay market trends. Such relays ensure that the flow of current does not exceed a preset threshold limit, which can damage the automotive equipment. Moreover, they prevent equipment damage from high temperature or through reverse polarity connections.
Time relays are expected to remain an integral component of automobiles because of their numerous applications which enhance passenger comfort and convenience. This includes leaving a time gap between the moment headlights are switched off and passengers exit the vehicle so that visibility and safety can be improved. Time relays are also used to control the movement of windshield wipers for optimising the driving experience. This is expected to drive the Asia Pacific automotive relay market growth in the forecast period.
Asia Pacific Automotive Relay Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Relay Type
Market Breakup by Vehicle Type
Market Breakup by Ampere
Market Breakup by Application
Market Breakup by Country
The key Asia Pacific automotive relay market players are Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Robert Bosch GmbH, TE Connectivity Ltd., Mitsuba Corp., Zettler Group, BETA Electric Industry Co. Ltd., Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Relay Type |
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Breakup by Vehicle Type |
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Breakup by Ampere |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The different relay types in the market include printed circuit board (PCB) relays, plug-in relays, high voltage relays, protective relays, time relays, and signal relays.
The different types of vehicles in the market include passenger cars, commercial vehicles, and electric vehicles.
The different applications of automotive relays in the market include locking System, ABS control, engine management modules, and lamps/lights, among others.
The major countries in the market include China, Japan, India, ASEAN, and Australia, among others.
The key market players are Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Robert Bosch GmbH, TE Connectivity Ltd., Mitsuba Corp., Zettler Group, BETA Electric Industry Co. Ltd., Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.
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