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Automotive Relay Market

The Automotive Relay Market is estimated to be USD 12.39 Billion in 2017 and is projected to grow at a CAGR of 6.20% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. Factors such as increasing trend of vehicle electrification, stringent emission norms, and fuel efficiency standards are driving the automotive relay market across the globe. Also, increasing demand for premium and mid-priced passenger cars has increased the comfort and luxury applications in the car, which has, in turn, boosted the global market.

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