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(Transportation-News.com, January 30, 2019 ) Key Findings
Upswing in Adoption of Sophisticated Electronics Equipment to Actuate Growth of Automotive Relay Market
While persistent diversification of electric automotive parts has become a necessity, the demand for more number of highly-efficient relays in automotive relay market is revving up. From the standpoint of safety, relays are being heavily relied upon by a substantial margin, thereby posing striking opportunities in automotive relay market. Components equipped with exclusive characteristics such as low noise, latching, and ultra-miniaturization have attained prominence in the automotive relay market. The aforementioned demand is for the sake of providing switching technology keeping up with the latest electronic functions in a car. Going forward, the average count of relays installed per vehicle is foreseen to reach new heights on the backdrop of increased concerns for safety, thereby driving the automotive relay market. Moreover, rising call for sophisticated electronics equipment for flawless performance is one of the preeminent factors pushing growth of automotive relay market. Thriving developments in PCB relays to bring down the vehicular weight and bolster the fuel efficiency is anticipated to provide a stimulus to growth of automotive relay market.
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Inadaptability in Embracing New Technologies to Pose Major Challenges in Automotive Relay Market
The cognizance regarding shift to latest technologies among vehicle suppliers and OEM’s is believed to arise soon. Meteoric inventions such as FCEV and BEV have been introduced, yet manufacturers in automotive relay market are reluctant to consider these to keep up with the new age requirements. This reluctance of key industry participants of automotive relay market to embrace the new technologies might limit growth of automotive relay market. Having said that, incorporating microprocessors in relays has been emerged as a latest trend influencing the automotive relay market. Microprocessor based numerical relay is another rapidly evolving type in the automotive relay market, which facilitates flawless communication. Such product innovations need to be leveraged by manufacturers in automotive relay market to attract a larger customer base.
About the Report
The research report on “Automotive Relay Market’ published by Fact.MR for the forecast period of 2017-2022 incorporates a holistic assessment of automotive relay market projecting thoughtful insights, facts, and figures validated by industry experts of automotive relay market. It also contains statistics and rationalities of automotive relay market by making use of a set of relevant and robust methodologies. The research report provides a futuristic analysis of automotive relay market as per various categories such as market segments, regions, types, technologies, and applications.
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Market Definition
Automotive relays are employed in electrical systems meant for applications like industrial, automotive, trucks, and heavy equipment. Automotive relays enable controlling of a high current circuit using a lower current circuit. Automotive relays are available in different sizes and shapes, which are used for land and sea based commute. Some of the common applications employing automotive relays include car stereos, horn systems, intermittent wipers, car flashlights, and car antennas.
Additional Questions Answered
Have automotive relays partially overpowered conventional manual switches or still there is a long way to go?
What efforts are the manufacturers in automotive relay market making to leverage on increasing demand for EVs and hybrid cars?
Which segment will lead in automotive relay market in terms of share, PCB relay and plug-in relay?
How will increasing vogue for premium and mid-priced passenger cars impact the automotive relay market?
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Competitive Dynamics
The current ecosystem of automotive relay market is witnessing an exceptional competition among the key industry participants for attaining domination in automotive relay market. This has led to surging consolidation through initiatives such as alliances and acquisitions in the automotive relay market. Some of the major players operating in automotive relay market and included in this report are Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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