USD 14.8 billion
Automotive Relay Market Size, Share, and Growth Analysis
Automotive Relay Market By Product (PCB Relay, High Voltage Relay), By Vehicle Type (Passenger Vehicles, Electric Vehicles), By Application (Capacitive Loads, Resistive Loads), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG25A2097 |
Region:
Global |
Published Date: April, 2025
Pages:
223
|Tables:
69
|Figures:
75
Format -
Automotive Relay Market Insights
Automotive Relay Market size was valued at USD 14.8 billion in 2023 and is poised to grow from USD 15.82 billion in 2024 to USD 26.98 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
Diversification of electric vehicle parts over the past ten years has increased the use of more relays as switching devices and varied the qualities of each relay that is used. Due to the rise in downsizing and contact capacity to compensate for rising space constraints in the ECU of cars, the global automotive relay industry is expected to grow gradually during the projection period. Due to the increased application of advanced electronic devices and the increased emphasis on safety and security, it is expected that the average number of relays installed per vehicle would increase over the forecast period. Relays aside from those used in powertrain systems are required to switch other devices required for communications, safety, security, and entertainment. In the forecast period, the global automotive relay market growth is expected to be driven by the increasing advancements of PCB relays that can lower the overall weight of a vehicle to improve fuel efficiency. Furthermore, the average number of software and electronics per automobile is growing rapidly because of the automobile industry's turn from hardware to software-oriented cars. Electronic devices with diverse applications, such as infotainment, powertrain, safety management, and comfort, are used to add new functions to automobiles. These include automotive relays.
US Automotive Relay Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Passenger Cars
Fastest Growth
Electric Vehicles
Growth Rate
6.9% CAGR
Global Automotive Relay Market ($ Bn)
Country Share for Asia-Pacific (%)
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Automotive Relay Market Segments Analysis
Global Automotive Relay Market is segmented by Relay, Vehicle, Propulsion, Application, Sales Channel and region. Based on Relay, the market is segmented into PCB relay, Plug-in relay, High volt relay, Electromechanical relay, Time delay relay, Latching relay and Others. Based on Vehicle, the market is segmented into Passenger vehicles and Commercial vehicles. Based on Propulsion, the market is segmented into ICE and Electric vehicles. Based on Application, the market is segmented into Powertrain systems, Body & comfort systems, Safety & security systems, Infotainment & connectivity and Battery management & charging systems. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
Based on the 2023 global automotive relay market forecast, the PCB relay category dominated the market at a CAGR of 8.4% during and held the highest revenue share of around 64.7%. Most of the electronic applications, such as power steering, power windows, doors, cruise control, ABS, and sunroof, use it. It is mainly used in North America and Europe. Nevertheless, Tier-1 manufacturers and OEMs are still opting for the pluggable versions in regions such as Asia-Oceania and RoW. But an emerging market for PCB relays is hybrid and electric automobiles in high demand.
However, the high voltage relays segment is expected to grow substantially, with the industry exhibiting a CAGR of 8.2% during the projection period. Due to being indispensable while functioning on the high voltage circuitry, high voltage relays are becoming increasingly pertinent-especially in electric and hybrid electric vehicles (EVs). As EVs are gaining popularity, auto producers and OEMs are increasingly putting these relays in automotive systems to ensure optimum performance and safety. As their usage increases, high-reliability high voltage relays will be ever in demand. Moreover, increasing collaboration and partnership between the manufacturers and service centers towards ensuring proper maintenance, repairing, and timely replacement of these critical components are some of the factors contributing to growth in the category.
Analysis By Vehicle Type
As per the 2023 global automotive relay market analysis, with an almost 58.7% sales share, the passenger cars segment is the one with the largest share since the use of electronic fuses instead of electromagnetic traditional fuses is increasingly popular. This segment's growth is greatly ascribed to the trend of car modernization and the growing application of high-tech technology systems. Modern passenger cars are being equipped with a large number of electronic systems and components for which reliable and efficient power supply is required as vehicle technology advances. High power fuses are in demand in this market due to the incorporation of technological features such as infotainment, ADAS systems, and electric powertrains which further increase the need for reliable electrical systems.
Contrarily, the electric vehicles category will grow at the highest CAGR of 15.8% over the projection period. Governments and their initiatives and incentives for electric vehicle usage are increasing the demand of electric vehicles rapidly in markets. All these above facts have attracted European nations such as Germany, Austria, France, and the UK to give attractive incentives such as a decrease in insurance, bonus to the EV customers. Due to these efforts to reduce the environmental impact of transportation, EVs are becoming more and more accessible and appealing to consumers. As long as governments continue to pursue better alternatives for energy, there will be a massive demand for electric cars and their components.
Global Automotive Relay Market By Vehicle Type
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Automotive Relay Market Regional Insights
Asia Pacific accounted for the highest revenue share of 51.0% and dominated the market in 2023. Notable expansion in Asia-Pacific is primarily due to the increasing use of cars in emerging nations such as China and the implementation of stricter safety regulations in many Asian countries. The increasing demand for vehicles in the region, especially in China and Japan, is an indication of a huge potential for development. The demand for vehicles is growing in the Asia-Pacific automotive industry, which is expected to drive the growth of the regional market during the course of the forecast period. The market will grow favorably over the projection period due to rising demand for connection and automotive digitalization.
However, the automotive relay industry in Europe is expected to grow significantly due to increasing demand for electric cars (EVs) and advanced automotive technology. Major producers of auto car wire harnesses are concentrating more on innovations in their development and integration of leading wire solutions to meet the expectations of modern automobiles. Thus, the region is hosting the world's largest automobile sector. The growth is led by the development of technology associated with autonomous driving and the rise of production lines for electric vehicles that call for elaborate electrical systems. Some of the top companies in the European market are Delphi Automotive, Sumitomo Electric, Furukawa Electric, Tianjin Jin-Zhu Wiring Systems Co. Ltd., Prestolite Electric, Fujikura Ltd., Lear Corporation, and Leoni. All are significant contributors to this development through their innovative solutions.
Global Automotive Relay Market By Geography
- Largest
- Fastest
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Automotive Relay Market Dynamics
Automotive Relay Market Drivers
Growing Demand for Electric Cars (EVs)
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Growing popularity in electric cars (EVs) drives the demand for automotive relays. Relays are some of the advanced electrical parts needed by EVs to efficiently distribute and manage power. Due to a growing trend towards sustainable energy and government incentives for adopting electric cars, especially in high-voltage systems and electric powertrains, the automotive relays industry is expected to increase sharply.
Developing Technology in Automotive Electronics
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Automotive relay demand is increasing with the advancement of automobile electronics technology, such as in the integration of entertainment, enhanced safety systems, and autonomous driving technologies. Relays are increasingly being used in modern cars because these systems rely on highly reliable and efficient relays to work effectively. Growing complexity in automobile electrical systems is driving demand for innovative relay solutions.
Automotive Relay Market Restraints
High Cost of Electric and Hybrid Vehicles
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The high cost of electric and hybrid cars powered by advanced technologies such as powertrains, batteries, and electronic systems limits the global automotive relay market. Consumer acceptance could slow as these cars continue to rise in price. This can diminish demand for such parts as the automotive relay because they form the core of these systems.
Supply Chain Disruptions
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The disruptions in the global supply chains have impacted the automobile part manufacturing of relays especially in the semiconductor sector. Such production delays, brought by shortages of required materials and parts, have impacted the supply and growth of the global automotive relay market. The timely supply of relays to the car manufacturers can also be disrupted by such prevailing supply chain problems.
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Automotive Relay Market Competitive Landscape
Leading automotive relay manufacturers include Delphi Automotive, Sumitomo Electric, Fujikura Ltd., Lear Corporation, and Leoni. These companies, equipped with the latest reliable relays for modern automotive usage, lead the industry in terms of innovation. As more and more people look forward to electric cars, self-driving technologies, and complex electronics used in the automotive sector, companies like these focus on enhanced efficiency from the products, designing smart relays, and expanding their market size in the global market.
Top Players in Automotive Relay Market
- Denso Corporation (Japan)
- Robert Bosch GmbH (Germany)
- TE Connectivity (Switzerland)
- Omron Corporation (Japan)
- HELLA GmbH & Co. KGaA (Germany)
- Littelfuse, Inc. (USA)
- Eaton Corporation plc (Ireland)
- Panasonic Corporation (Japan)
- Fujitsu Limited (Japan)
- ABB Ltd. (Switzerland)
- American Zettler, Inc. (USA)
- LS Automotive India Pvt Ltd. (India)
- Mitsubishi Electric Corporation (Japan)
- Siemens AG (Germany)
- Delphi Technologies plc (UK)
- Sharp Corporation (Japan)
- KOSTAL Group (Germany)
- Nidec Corporation (Japan)
- COTO Technology (USA)
- BETA ELECTRIC INDUSTRY CO., LTD. (Taiwan)
Automotive Relay Market Recent Developments
- The HE-R, the newly launched Panasonic Industry Europe GmbH relay, was launched onto the market in March of 2023 after test runs to make it better short-circuit performers. This would be a sure and secure way for consumers in the EV charging space.
- ABB, in February 2023, unveiled their relay retrofit program with the aim of supplanting obsolete SPACOM protection relays to newer-age, advanced protection and control through REX610 technologies. The relay within the multifunctional device REX610 is holistic, environmentally friendly, and future proof-open and was designed specifically for modern power networks and their evolution.
- Texas Instruments rolled out the new series of solid-state relays in May 2022 for enhancing safety in EVs. Switches and separated drivers that ensure outstanding dependability make this portfolio.
Automotive Relay Key Market Trends
- Transition to Smart and Autonomous Vehicles: More complex relay systems are required with the transformation of the automotive industry toward intelligent, autonomous vehicles. For safety and communication in these driverless automobiles, automation requires intricate electrical systems. To cope with the fast-advancing trend of automobile automation and networking, the relays within those automobiles should be designed with a larger capacity to allow faster responses and higher order complexities.
- Miniature and Lightweight Relays: Automobile manufacturers aim to reduce vehicle weight as much as possible while making the vehicle as fuel efficient as possible. Thus, the current trend is miniaturization and lighting of the automotive relays. A lighter and smaller relay will make the overall economy and performance of the car much better, especially in electric and hybrid vehicles. Thus, more compact and efficient relay solutions are being developed due to this global automotive relay market trend.
Automotive Relay Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global automotive relays market outlook is to be modified gradually with technological developments in autonomous driving technologies, electric vehicle technology, and complexity in automotive electronics. As the automotive industry turns to greener and more technologically advanced cars, the demand for efficient, reliable, and innovative relay solutions is going to increase. Major players would meet the new industry requirements by developing intelligent, lightweight, and high-performance relays. However, there would be barriers in growth caused by high manufacturing costs and supply chain disruption. Overall, legislative support, technological innovation, and a continued shift to electric and driverless cars will spur the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.8 billion |
| Market size value in 2032 | USD 26.98 billion |
| Growth Rate | 6.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Relay Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Relay Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Relay Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Relay Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Relay Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Relay Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Automotive Relay Market Report Snapshots
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