Automotive Relay Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Automotive Relay Market report is segmented by type (PCB relay and plug-in relay), application type (locking system, engine management module, lamps/lights, and other application types (power window, sunroof, ABS control, etc.)), and geography (North America, Europe, Asia-Pacific, and rest of the world). The report offers market size and forecasts for all the above segments in value (USD).

Automotive Relay Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Automotive Relay Industry Overview

The automotive relay market is dominated by companies such as DENSO Corporation (ANDEN Co. Ltd), Panasonic Corporation, TE Connectivity, and Nidec Corporation.

The market for automotive relays is highly competitive due to the presence of both international and domestic relay suppliers in the region. The companies are investing heavily in R&D projects and launching new products. For instance,

  • In April 2022, LG Magna e-Powertrain announced its latest manufacturing facility located in Ramos Arizpe, Mexico. This newly established plant is dedicated to the production of inverters, motors, and onboard chargers with the primary objective of bolstering General Motors Electric Vehicle (EV) manufacturing operations.

Automotive Relay Market Leaders

  1. DENSO Corporation

  2. Fujitsu Ltd

  3. Panasonic Corporation

  4. Nidec Corporation

  5. TE Connectivity

  6. *Disclaimer: Major Players sorted in no particular order
Automotive Relay Market Concentration