Technavio has been monitoring the global electric vehicle relays market size and it is poised to grow by USD 14.92 billion during 2020-2024, progressing at a CAGR of 31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Electric Vehicle Relays Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. DENSO Corp., Fujitsu Ltd., Hella GmbH Co. KGaA, Littelfuse Inc., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Sensata Technologies Holding Plc, Siemens AG, and TE Connectivity Ltd. are some of the major market participants. To make the most of the opportunities, automotive relays market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The rise in electronics and safety requirements in electric vehicles has been instrumental in driving the growth of the market. However, the recall of electric vehicles over defective relays and related components might hamper EV relay market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Electric Vehicle Relays Market 2020-2024: Segmentation
Electric Vehicle Relays Market is segmented as below:
- Application
- PCB
- Plug-in
- Geographic Landscape
- APAC
- North America
- Europe
- South America
- MEA
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Electric Vehicle Relays Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric vehicle relays marketreport covers the following areas:
- Electric Vehicle Relays Market Size
- Electric Vehicle Relays Market Trends
- Electric Vehicle Relays Market Industry Analysis
This study identifies the increasing adoption of battery electric vehicles and plug-in hybrid electric vehicles as one of the prime reasons driving the electric vehicle relays market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Electric Vehicle Relays Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive relays market growth during the next five years
- Estimation of the electric vehicle relays market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the EV relays market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive relays market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Relay terminal
- Market segments
- Comparison by Relay terminal
- PCB Market size and forecast 2019-2024
- Plug-in Market size and forecast 2019-2024
- Market opportunity by Relay terminal
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DENSO Corp.
- Fujitsu Ltd.
- Hella GmbH Co. KGaA
- Littelfuse Inc.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Sensata Technologies Holding Plc
- Siemens AG
- TE Connectivity Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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