Electric Vehicle Relay Market, By Type, By Vehicle Type, By Application, By Geography

Description

The global electric vehicle relay market is estimated to be valued at USD 12.09 Bn in 2024 and is expected to reach USD 30.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 12.09 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	14.10%	2031 Value Projection:	US$ 30.45 Bn

Figure. Electric Vehicle Relay Market Share (%), By Region, 2024

The global electric vehicle relay market has been witnessing significant growth over the past few years owing to the rising demand for electric vehicles across the globe. Electric vehicles offer several advantages over conventional internal combustion engine vehicles such as lower operating cost, no tailpipe emissions, and less dependency on fossil fuels. With growing concerns regarding environmental pollution and depletion of non-renewable energy sources, many countries are promoting the adoption of electric vehicles through incentives and subsidies. This has prompted leading automotive OEMs to invest aggressively in the development of electric vehicles. As electric vehicles have more electronic components compared to conventional vehicles, the demand for associated electronic components such as relays is also increasing steadily. The growing sales of plug-in hybrid electric vehicles and battery electric vehicles are expected to drive the demand for electric vehicle relays during the forecast period.

Market Dynamics:

There are several drivers, restraints and opportunities that are likely to influence the market dynamics during the forecast period. Major growth drivers include growing sales of electric vehicles worldwide on the back of supportive government policies and incentives, increasing consumer preference for green vehicles to reduce carbon footprint, and development of affordable and high-performance electric vehicles by OEMs. However, high manufacturing cost of electric vehicles compared to petrol/diesel vehicles and underdeveloped charging infrastructure in developing regions are likely to restrain the market growth. Key opportunities include advancement in battery technologies to improve vehicle range per charge, development of semiconductor relays to enhance vehicle efficiency and reliability, and increasing collaboration between automakers and charging operators.

Key Features of the Study:

This report provides in-depth analysis of the global electric vehicle relay market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global electric vehicle relay market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include AEC (American Electronic Components, Inc.), Continental AG, Denso Corporation, Eaton Corporation, Fujitsu Limited, Hella GmbH & Co. KGaA, Hyundai Mobis, Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Robert Bosch GmbH, Schneider Electric SE, TE Connectivity Ltd., and Valeo SA

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global electric vehicle relay market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric vehicle relay market

Detailed Segmentation-

By Type Insights (Revenue, USD Bn, 2019 - 2031)
- Automotive Relays
- Power Relays
- Signal Relays
- Time Delay Relays
- Others (Thermal Relays, Contactors, etc.)
By Vehicle Type Insights (Revenue, USD Bn, 2019 - 2031)
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Powertrain
- Charging
- Infotainment
- HVAC
- Others (Lighting, Body Control, etc.)
By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- AEC (American Electronic Components, Inc.)
- Continental AG
- Denso Corporation
- Eaton Corporation
- Fujitsu Limited
- Hella GmbH & Co. KGaA
- Hyundai Mobis
- Infineon Technologies AG
- Littelfuse Inc.
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Schneider Electric SE
- TE Connectivity Ltd.
- Valeo SA

Product Code: CMI7345

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Global Electric Vehicle Relay Market, By Type
- Global Electric Vehicle Relay Market, By Vehicle Type
- Global Electric Vehicle Relay Market, By Application
- Global Electric Vehicle Relay Market, By Region

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Electric Vehicle Relay Market, By Type, 2019 -2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive Relays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Power Relays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Signal Relays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Time Delay Relays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others (Thermal Relays, Contactors, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Electric Vehicle Relay Market, By Vehicle Type, 2019 -2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Two-Wheelers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Electric Vehicle Relay Market, By Application, 2019 -2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Powertrain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Charging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Infotainment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
HVAC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Lighting, Body Control, etc.)
Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Electric Vehicle Relay Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. COMPETITIVE LANDSCAPE

AEC (American Electronic Components, Inc.)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Denso Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eaton Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fujitsu Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hella GmbH & Co. KGaA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hyundai Mobis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Infineon Technologies AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Littelfuse Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Electric Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Panasonic Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Schneider Electric SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
TE Connectivity Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Valeo SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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