Global Automotive Relays Market Expected To Reach At A CAGR Of 3.00% Over The Forecast Period 2017-2021

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About Automotive Relays
An automotive relay is a switch, which acts as a bridge between two circuits. It is used to enable low amperage circuits to turn on/off a higher amperage circuit, and it is widely used in cars, trucks, buses, coaches. A Relay is also used for switching on/off multiple things at the same time by using a single output. It acts as a binary actuator, i.e., an electrical output device used for controlling an external physical process. It has two stable states being energized and latched or being de-energized and unlatched.

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Technavios analysts forecast the global automotive relays market to grow at a CAGR of 3.00% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive relays market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:

Technavio’s report, Global Automotive Relays Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
American Zettler
Infineon Technologies
Panasonic Electric Works Europe

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Other prominent vendors
Mouser Electronics
Song Chuan Precision
TE Connectivity

Market driver
Increase in number of electronic systems and safety equipment
For a full, detailed list, view our report

Market challenge
Replacement of automotive relays by powered switches
For a full, detailed list, view our report

Market trend
Electric vehicle relays for high voltage applications
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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