News Crusader

Automotive Relay Market Size Worth $12 Billion by 2020 | Hexa Research

Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Increasing demand for high-frequency signals in automotive industry is expected to drive “Automotive Relay Market” demand growth by 2020.

Global Automotive Relay Market is anticipated to reach USD 12 billion by 2020, as per a new research report by Hexa research. Rising need for high-frequency signals in automotive industry is expected to drive demand. These relays enhance driving experience and provide greater safety for consumers. Escalating adoption rate of sophisticated electronic equipment coupled straight government initiatives regarding safety is likely to favor automotive relay market growth prospects. However, lack of standardization in components is likely to challenge industry participants.

PCB replay was the leading product segment and was valued USD 5,500 million in 2013. It is expected to gain significant market share and reach USD 8,500 million at a CAGR of 6% from 2014 to 2020. Miniaturization of electromechanical relays is likely to promote its demand. Plug-in relays were the second largest product segment and accounted for over 32% share of the overall revenue in 2013. Increasing usage of electronic control modules along with electronic components are factors responsible for demand growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-relay-market

Key report insights suggest:

– Global automotive relay market was valued USD 8,372.0 million in 2013 and is likely to reach USD 12,584.5 million by 2020 growing with an estimated CAGR of 6.2% from 2014 to 2020.

– Global demand in convenience was USD 885.4 million in 2013 which is expected to reach USD 1,255.8 million by 2020, growing at a CAGR of 5.3% from 2014 to 2020. Driver information is projected to be fastest growing application segment and accounted for 5% of the industry share in 2014 growing at an estimated CAGR of 6.7 % from 2014 to 2020. Increasing communication coupled with smartphone proliferation is expected to be the key driving force for the growth.

– Asia Pacific dominated the regional demand with an estimated market share of 50% in 2013. This region is also expected to be the fastest growing region, growing at a CAGR of 7% from 2014 to 2020. Availability of raw materials and low labor costs are driving factors for the region. Europe is the second largest regional segment and is expected to reach USD 2,733.3 by 2020.

– China is the largest contributor for automated relay market growing at a CAGR of 6.5 over the forecast period. India is expected to be the fastest growing region owing to increasing disposable.

Browse Related Category Market Reports @

Ice Maker Market

Smart Meters Market

Image Sensors Market

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

For More Information Visit @ https://www.hexaresearch.com

Media Contact
Company Name: Hexa Research
Contact Person: Ryan Shaw
Email: Send Email
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: www.hexaresearch.com/research-report/automotive-relay-market

Calendar

June 2017
M T W T F S S
« May    
 1234
567891011
12131415161718
19202122232425
2627282930  

Latest News

Cheap James Taylor and Bonnie Raitt Tickets: CapitalCityTickets.com is Slashing Their Prices on James Taylor and Bonnie Raitt Concert Tickets for their 2017 Ballpark Concert Dates with Promo Code

Read Full Article

Cheap Meek Mill and Yo Gotti Tickets: CapitalCityTickets.com is Slashing Their Prices on Meek Mill and Yo Gotti Concert Tickets for their 2017 ‘Against All Odds’ Tour Dates with Promo Code

Read Full Article

Airwheel Release New Electric Bike-R3 Foldable Electric Assist Bike

Read Full Article

Active Calcium Silicate Market To Be Driven By Increasing Demand From Ceramic Industry Till 2025: Grand View Research, Inc

Read Full Article

Metallica Tickets at Hard Rock Stadium, SunTrust Park, and Comerica Park with Promo Code at CapitalCityTickets.com with Promo Code

Read Full Article

Hermetic Packaging Market Is Expected To Witness Grow Significantly On Rising Application Scope From Healthcare And Aeronautics And Space Application Till 2025: Grand View Research, Inc.

Read Full Article

Paul McCartney Tickets at AmericanAirlines Arena and Amalie Arena: CapitalCityTickets.com is Lowering Their Prices on Paul McCartney Tickets for his Tour Dates with Promo Code

Read Full Article

Metallica Tickets at University of Phoenix Stadium and Petco Park with Promo Code at CapitalCityTickets.com

Read Full Article

Kuntai Machinery Manufactures exclusive Industrial laminating & cutting machines

Read Full Article

Houston Astros Tickets at Minute Maid Stadium: CapitalCityTickets.com is Slashing Their Prices on 2017 Houston Astros MLB Baseball Tickets at Minute Maid Stadium

Read Full Article

Digital Transformation Market Is Expected To Propel Growth Based On Account Of Growing Demand For The Adoption Of The Internet Of Things (Iot) Till 2025: Grand View Research, Inc

Read Full Article

2018 Shakira Concert Tickets: CapitalCityTickets.com is Slashing Their Prices on Shakira Concert Tickets for her 2017 Tour Dates with Promo Code

Read Full Article