Global electric vehicle relays market 2024-2028

Description

List of Tables

Technavio has been monitoring the electric vehicle relays market and is forecast to grow by USD 377323.1 mn during 2023-2028, accelerating at a CAGR of 63.49% during the forecast period. Our report on the electric vehicle relays market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by solid-state relays to become low-cost in the long run, increase in electronics and safety requirements in electric vehicles, and increasing adoption of battery electric vehicles and plug-in hybrid electric vehicles.

Technavio's electric vehicle relays market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	46.34%
CAGR	63.49%
Incremental Value	$377323.1mn

By Type

PCB
Plug-in

By Vehicle Type

PLDVs
LCVs
Buses and trucks

By Geography

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the consolidation of relay market as one of the prime reasons driving the electric vehicle relays market growth during the next few years. Also, rising adoption of advanced electric vehicle charging systems and advancements in relay design will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle relays market covers the following areas:

Electric vehicle relays market sizing
Electric vehicle relays market forecast
Electric vehicle relays market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle relays market vendors that include ABB Ltd., American Zettler Inc., Aptiv Plc, BorgWarner Inc., DENSO Corp., Fujitsu Ltd., Good Sky Electric Co. Ltd., HELLA GmbH and Co. KGaA, IDEC Corp., Littelfuse Inc., OMRON Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., Shanghai Hu Gong Auto electric, Siemens AG, TE Connectivity Ltd., HONGFA, and YM Tech Co. Ltd.. Also, the electric vehicle relays market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44187

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Electric Vehicle Relays Market 2018 - 2022
- Historic Market Size - Data Table on Global Electric Vehicle Relays Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Vehicle Type segment analysis 2018 - 2022
- Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 PCB - Market size and forecast 2023-2028
- Chart on PCB - Market size and forecast 2023-2028 ($ million)
- Data Table on PCB - Market size and forecast 2023-2028 ($ million)
- Chart on PCB - Year-over-year growth 2023-2028 (%)
- Data Table on PCB - Year-over-year growth 2023-2028 (%)
6.4 Plug-in - Market size and forecast 2023-2028
- Chart on Plug-in - Market size and forecast 2023-2028 ($ million)
- Data Table on Plug-in - Market size and forecast 2023-2028 ($ million)
- Chart on Plug-in - Year-over-year growth 2023-2028 (%)
- Data Table on Plug-in - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Vehicle Type

7.1 Market segments
- Chart on Vehicle Type - Market share 2023-2028 (%)
- Data Table on Vehicle Type - Market share 2023-2028 (%)
7.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
7.3 PLDVs - Market size and forecast 2023-2028
- Chart on PLDVs - Market size and forecast 2023-2028 ($ million)
- Data Table on PLDVs - Market size and forecast 2023-2028 ($ million)
- Chart on PLDVs - Year-over-year growth 2023-2028 (%)
- Data Table on PLDVs - Year-over-year growth 2023-2028 (%)
7.4 LCVs - Market size and forecast 2023-2028
- Chart on LCVs - Market size and forecast 2023-2028 ($ million)
- Data Table on LCVs - Market size and forecast 2023-2028 ($ million)
- Chart on LCVs - Year-over-year growth 2023-2028 (%)
- Data Table on LCVs - Year-over-year growth 2023-2028 (%)
7.5 Buses and trucks - Market size and forecast 2023-2028
- Chart on Buses and trucks - Market size and forecast 2023-2028 ($ million)
- Data Table on Buses and trucks - Market size and forecast 2023-2028 ($ million)
- Chart on Buses and trucks - Year-over-year growth 2023-2028 (%)
- Data Table on Buses and trucks - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape2023-2028 (%)
- Data Table on Market share By Geographical Landscape2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
- Market opportunity By Geographical Landscape($ million)
- Data Tables on Market opportunity By Geographical Landscape($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
12.4 American Zettler Inc.
- American Zettler Inc. - Overview
- American Zettler Inc. - Product / Service
- American Zettler Inc. - Key offerings
12.5 Aptiv
- Aptiv - Overview
- Aptiv - Business segments
- Aptiv - Key news
- Aptiv - Key offerings
- Aptiv - Segment focus
12.6 BorgWarner Inc.
- BorgWarner Inc. - Overview
- BorgWarner Inc. - Business segments
- BorgWarner Inc. - Key news
- BorgWarner Inc. - Key offerings
- BorgWarner Inc. - Segment focus
12.7 Denso Corp.
- Denso Corp. - Overview
- Denso Corp. - Business segments
- Denso Corp. - Key news
- Denso Corp. - Key offerings
- Denso Corp. - Segment focus
12.8 Fujitsu Ltd.
- Fujitsu Ltd. - Overview
- Fujitsu Ltd. - Business segments
- Fujitsu Ltd. - Key news
- Fujitsu Ltd. - Key offerings
- Fujitsu Ltd. - Segment focus
12.9 HELLA GmbH Co. KGaA
- HELLA GmbH Co. KGaA - Overview
- HELLA GmbH Co. KGaA - Business segments
- HELLA GmbH Co. KGaA - Key news
- HELLA GmbH Co. KGaA - Key offerings
- HELLA GmbH Co. KGaA - Segment focus
12.10 IDEC Corp.
- IDEC Corp. - Overview
- IDEC Corp. - Business segments
- IDEC Corp. - Key news
- IDEC Corp. - Key offerings
- IDEC Corp. - Segment focus
12.11 OMRON Corp.
- OMRON Corp. - Overview
- OMRON Corp. - Business segments
- OMRON Corp. - Key news
- OMRON Corp. - Key offerings
- OMRON Corp. - Segment focus
12.12 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Product / Service
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
12.13 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key news
- Robert Bosch GmbH - Key offerings
12.14 Shanghai Hu Gong Auto electric
- Shanghai Hu Gong Auto electric - Overview
- Shanghai Hu Gong Auto electric - Product / Service
- Shanghai Hu Gong Auto electric - Key offerings
12.15 TE Connectivity Ltd.
- TE Connectivity Ltd. - Overview
- TE Connectivity Ltd. - Business segments
- TE Connectivity Ltd. - Key news
- TE Connectivity Ltd. - Key offerings
- TE Connectivity Ltd. - Segment focus
12.16 Xiamen Hongfa Electroacoustic
- Xiamen Hongfa Electroacoustic - Overview
- Xiamen Hongfa Electroacoustic - Product / Service
- Xiamen Hongfa Electroacoustic - Key offerings
12.17 YM Tech Co. Ltd.
- YM Tech Co. Ltd. - Overview
- YM Tech Co. Ltd. - Product / Service
- YM Tech Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations