Global Automotive Relay Market Demand

With the development of automotive electronics and electrical products in recent years, automotive relays have also developed by leaps and bounds. The production and sales of automotive relays in the world are gradually increasing.

According to the survey report of the global relay market conducted by the Risk Development Corporation (VDC) in early 2011, the current sales of automotive relays account for approximately 20% of the total sales of relays. The automotive industry has become the second largest relay application area after the communications industry.

Statistics show that in 2011 the global sales of relays were US$4.22 billion, of which automotive relay sales were US$850 million. It is estimated that in 2012 global relay sales will reach US$4.4 billion, of which automotive relay sales will be US$890 million, an increase of 4.71%.

The survey shows that in 2011, the world’s car ownership will reach 1 billion vehicles, and the annual output will be 75 million. For example, the average amount of relays used in each vehicle is 20, the average amount of relays used for maintenance of each car is 10, and the car repairs According to the amount of 10% of the inventory, the global automotive relay market demand will exceed 2.5 billion in 2012. From this we can see that the development space for automotive relays is very large.

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