Automotive Relay Market worth $15.5 billion by 2027 - Exclusive Report by MarketsandMarkets™
These systems demand the incorporation of automotive relays for their safe and proper functioning.
- These systems demand the incorporation of automotive relays for their safe and proper functioning.
- In addition, the increase in the demand for premium LCVs and HCVs is expected to further drive the market for automotive relays.
- Mid-range cars hold the largest Automotive Relay Market share among all vehicle types.
- Asia Pacific holds the largest share in the Automotive Relay Market owing to rising vehicle production and increasing sales of electric vehicles.