Europe Automotive Relay Market Report and Forecast 2024-2032

Europe Automotive Relay Market Outlook

The Europe automotive relay market size is projected to grow at a CAGR of 5.9% between 2024 and 2032. The market is being aided by the rising focus on enhancing the safety and performance of vehicles.

Key Takeaways:

• Germany is expected to constitute a major portion of the Europe automotive relay market share.

• The application of automotive relays in ABS systems is expected to gain increasing attention over time.

• Signal relays are expected to become increasingly popular among automotive manufacturers over the forecast period.

Relays play a critical role in ensuring vehicle performance and safety. From starting the engine to stopping it, different relays are involved in various automotive functions, including controlling the power systems, door locks, airbags, and audio amplifiers, among others. This enhances the need for cost-effective and technologically advanced current switching solutions, which have been produced sustainably and optimally, to cater to the requirements of vehicles. Innovations in the design and development of automotive relays are expected to propel the Europe automotive relay market growth over the forecast period.

Signal relays play a critical role in modern vehicle design as they enhance the in-cabin experience. By controlling the indicator lights and the locking/unlocking of doors, such relays provide a safe driving experience. They also control the movement of windows in the vehicle to enhances the convenience of passengers. This is expected to result in the Europe automotive relay market development.

Automotive relays sold by original equipment manufacturers are expected to remain popular among vehicle manufacturers because of their customised features and quality guarantee. However, relays available in the aftermarket are expected to become increasingly popular, as they provide a greater variety of options to choose from and are relatively cost-competitive than OEM relays.

Market Segmentation

Europe 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

• Printed Circuit Board (PCB) Relays

• Plug-In Relays

• High Voltage Relays

• Protective Relays

• Time Relays

• Signal Relays

Market Breakup by Vehicle Type

• Passenger Cars

• Commercial Vehicles

• Electric Vehicles

Market Breakup by Ampere

• 5A – 15A Relay

• 16A – 35A Relay

• >35A Relay

Market Breakup by Application

• Locking System

• ABS Control

• Engine Management Modules

• Lamps/Lights

• Others

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

The key Europe automotive relay market players are Robert Bosch GmbH, Denson Corp., Panasonic Holdings Corp., Nidec Corporation, MTA S.p.A., Hella GmbH & Co. KGaA, Fujitsu Ltd., Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.

Key Highlights of the Report