Automotive Relay Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Automotive Relay Market Analysis, Market Size, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecast, 2012 To 2020

Industry Overview

Global automotive relay market size is anticipated to reach USD 12 billion by 2020, growing at a CAGR of

6.2% from 2014 to 2020. Increasing demand for high-frequency signals in automotive industry is

expected to drive demand growth over the next six years. It enhances driving experience and provides

greater safety for consumers.

Escalating adoption rate of sophisticated electronic equipment has increased the usage of relays in

vehicles. It advances the location-based services, safe airbag deployment and communications system

notification. These features are expected to spur the demand over the forecast period from 2014 to

2020. Demand in convenience application was valued over USD 2,500 million in 2013. Asia Pacific

dominated the regional demand in terms of volume, with over a demand of 446 million units in 2013,

growing at a CAGR of 6% from 2014 to 2020.

Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/automotive-relaymarket/

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Government initiatives regarding safety is expected to fuel automotive relay market growth over the

forecast period. Strict norms of government for the usage of safety devices such as airbags, back up

sensing system, and seatbelts among others in automotive industry is expected to drive the demand

growth over the next six years. For instance, The National Highway Traffic Safety Administration

(NHTSA) has a legislative mandate under Title 49 of the United States Code, to issue Federal Motor

Vehicle Safety Standards (FMVSS) to which motor vehicle equipment must certify compliance.

Lack of standardization is expected to hinder industry growth over the forecast period. Production

standards vary...