According to a new market research report published by Credence Research “Automotive Relays Market(by Product Type: PCB Relays and Plug-in Relays; By Application: Power Train, Body & Chassis, Lighting & Security and Infotainment Systems; By Vehicle Type: Conventional Fuel Vehicles and Electric Vehicles) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the automotive relays market was valued US$ 13.43 Bn in 2017 and estimated to grow with a CAGR of 5.8% during the forecast period from 2018 to 2026.
The Automotive Relays Market Research Report Forecast 2018-2026 is an important source of insightful data for market strategists. It presents the Automotive Relays industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Automotive Relays Market study gives complete data which improves the understanding. [Continue reading…]
Advancement in electric cars along with automotive industry achieved significant growth after attaining stability from 2008 and 2011 economic crisis. In 2017, approximately 79 Mn passenger cars were sold and the number is projected to cross 81 Mn mark in 2018 out which 2 Mn cars are expected to be electric. With automotive sector crossing new milestones, industries associated with the sector such as OEM and aftermarket parts market are also witnessing momentous growth and evidencing further growth in coming years. Automotive relay market is one such market greatly benefited by the surge in demand for automobiles across the globe. The component was not a part of standard automobile earlier, however, modern-day automobiles are sophisticated & complex machines and automotive relays have become an indispensable part of an automobile. Several automobile relays are used in a single vehicle catering different electric circuits for powertrain, body & chassis, lighting & security and infotainment systems among others. Consequently, flourishing automotive industry acts as a catalyst for bolstering the growth of automotive relays market.
Browse the full Automotive Relays market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/automotive-relays-market
Analysis of trends in the global Automotive Relays industry and interest for Automotive Relays in various regions, including Asia-Pacific, Europe, and North America
Market size and value of Automotive Relays used for commercial Automotive Relays from 2011 to 2018 and forecast for eight years up until 2026
The qualitative study of drivers and limitations of Automotive Relays Market
Key players in the global Automotive Relays Market Include ABB Group, American Zettler, Inc., Denso Corporation, Delphi Automotive LLP, Eaton Corporation plc, Fujitsu Limited, Good Sky Electric Co., Ltd., Hella KGaA Hueck & Co. (HELLA), IDEC Corporation, NEC Corporation, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Siemens AG, and TE Connectivity Ltd. among others.
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Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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