April 2025
The micro automotive relays market is projected to reach USD 5.67 billion by 2034, growing from USD 3.13 billion in 2025, at a CAGR of 6.84% during the forecast period from 2025 to 2034.
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The micro automotive relays market is an integral sector of the automotive industry. This industry deals in manufacturing and distribution of micro relays for automotives. There are various types of relays developed in this sector comprising of PCB relay and plug-in relay. These relays are designed for various types of vehicles consisting of conventional vehicles and electric vehicles. It finds numerous applications in passenger vehicles and commercial vehicles. The automotive micro relays are available in a distribution channel comprising of OEM and aftermarket. The growing sales of electric vehicles across the world has fostered the market expansion. This market is expected to grow significantly with the growth of the EV sector around the globe.
In December 2024, Johannes Bauer, the product marketing manager at Toshiba Electronics Europe announced that, “The TLX9150M marks a significant step forward in automotive battery management technology, Its combination of high performance and compact size addresses the growing demand for more efficient electric vehicle components.”
The micro automotive relays market is a fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of Robert Bosch GmbH, Omron Corporation, Panasonic Corporation, TE Connectivity Ltd., Denso Corporation, Fujitsu Limited, HELLA GmbH & Co. KGaA, Mitsubishi Electric Corporation, Delphi Technologies PLC and some others. These companies are constantly engaged in developing high-quality relays and adopting various strategies to maintain their dominant position in this industry.
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April 2025
April 2025
April 2025
April 2025
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