APAC automotive relay market is slated to witness a CAGR 4.5% by 2024.The superfluity of prominent automotive market giants in APAC belt is expected to position the region as one of the most lucrative growth avenues for automotive relay industry. This is on account of the fact, that these automakers have been increasingly focusing on bringing tailor made features in the vehicle designs that has substantially led to increased product demand.

Growing demand for automotive PCB relays in Europe has offered potential scope for expansion of automotive relay market size across the region. Moreover, the presence of well-established players within the continent also provides competitive advantage, which is likely to supplement industry growth. Rigorous government norms pertaining to the incorporation of safety features in vehicles, fuel efficiency standards, and replacement of outdated technologies, is estimated to fuel automotive relay industry growth over the projected time frame.

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PCBs (printed circuit boards) are estimated to hold over 75% of the total automotive relay market volume over the forecast timespan. The product segment is expected to garner considerable proceeds in automotive relay industry owing to the rising demand for compact devices across automobile industry. Additionally, PCBS are aligned with various benefits, including high current carrying capacity, which favors product penetration across use end use cases.

Furthermore, due to miniaturization of the product, PCBS facilitate significant space saving, which will positively impact industry growth over the coming years. PCB manufacturers are directing continuous efforts towards innovating new products and diversifying their product portfolios in order to pursue potential business opportunities.

Consumers have demonstrated heightened interest towards the utilization of sophisticated automotive features such as DIS (driver information systems) for accessing information related to traffic, weather, location services, and others, which will support segmental growth in the coming years. Moreover, expanding user base of smartphones have evoked greater interest in installation of such systems, which will create a conducive environment for automotive relay market growth. As per estimates, in 2016, demand for driver information from automotive relay industry crossed 200 million units.

Growing penetration of convenience system, such as electronic power steering, car security alarm, sunroof control and keyless entry system, which require relays extensively in order to provide efficient control, is estimated to transform automotive relay business outlook over the analysis period. Moreover, given the intensifying focus on road safety, alarmed by rising number of road accidents, vehicles are progressively being equipped with anti-lock braking systems (ABS), which is likely to further fuel automotive relay market trends over the projected time frame.

Key industry players in the automotive industry have been emphasizing on technological advancements of products, which has resulted in high replacement frequency of plug-in relays with printed circuit boards (PCBs), hence supplementing automotive relay industry share over the coming years.

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Some Point from Table of Contents:

Chapter 5 Automotive Relay Market, By Application

5.1 Global automotive relay market share by application, 2016 & 2024

5.2 Powertrain systems

5.2.1 Market estimates and forecast for powertrain systems, 2012 – 2024, (Million Units) (USD Million)

5.2.2 Market estimates and forecast for powertrain systems by region, 2012 – 2024, (Million Units) (USD Million)

5.3 Body & chassis

5.3.1 Market estimates and forecast for body & chassis, 2012 – 2024, (Million Units) (USD Million)

5.3.2 Market estimates and forecast for body & chassis by region, 2012 – 2024, (Million Units) (USD Million)

5.4 Convenience

5.4.1 Market estimates and forecast for convenience, 2012 – 2024, (Million Units) (USD Million)

5.4.2 Market estimates and forecast for convenience by region, 2012 – 2024, (Million Units) (USD Million)

5.5 Safety & security

5.5.1 Market estimates and forecast for safety & security, 2012 – 2024, (Million Units) (USD Million)

5.5.2 Market estimates and forecast for safety & security by region, 2012 – 2024, (Million Units) (USD Million)

5.6 Driver information

5.6.1 Market estimates and forecast for driver information, 2012 – 2024, (Million Units) (USD Million)

5.6.2 Market estimates and forecast for driver information by region, 2012 – 2024, (Million Units) (USD Million)

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