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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Automotive Relay Market Outlook
The North America automotive relay market size is projected to grow at a CAGR of 4.2% between 2024 and 2032. The expansion of the US automotive industry is expected to propel the market growth in the forecast period.
Key Takeaways
- Electric vehicles are expected to constitute a major portion of the North America automotive relay market share.
- The increasing efficiency of automotive relays is expected to drive their demand in the USA.
- Protective relays are expected to become increasingly popular over the forecast period.
Automation of relay testing is one of the key North America automotive relay market trends. This is because it ensures accuracy and consistency of results while ensuring time and cost savings. This enhances the overall safety of vehicle production by preventing workers from accessing high-voltage equipment on the factory floor. Moreover, it enables companies to develop better products over time by tracking the performance of test results and predicting the potential failure modes of relays (including triggers like temperature and humidity). Automation makes it easier to upscale or downscale testing operations according to the demand for automobiles. This is expected to contribute towards the North America automotive relay market growth.
The increasing demand for compact and high-performance automotive relays is further expected to drive innovations in the market. This is because of the increasing complexity and design of modern automotive vehicles, where many components have to be installed into a small space without hampering the in-cabin experience or passenger comfort. The usage of advanced materials for designing efficient, durable, and lightweight relays is expected to become increasingly widespread, thereby leading to the North America automotive relay market development.
Market Segmentation
North America 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 Region
- United States of America
- Canada
The key North America automotive relay market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Mitsuba Corp., Hella GmbH & Co. KGaA, Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company (Song Chuan USA Inc.), among others.
Key Highlights of the Report
| 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:
|
| Breakup by Relay Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Ampere |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| 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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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.2% 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 regions in the market include the United States of America and Canada.
The key market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Panasonic Holdings Corp., Fujitsu Ltd., Nidec Corporation, Mitsuba Corp., Hella GmbH & Co. KGaA, Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company (Song Chuan USA Inc.), among others.
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