Micro Automotive Relays Market Competitive Landscape & Future Outlook

Micro Automotive Relays Market Research, Trends and Forecast

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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Introduction

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.

• According to the International Energy Agency, around 1.1 million EVs were sold in 2018 that increased to 10.1 million in 2024.

Highlights of the Automotive Micro Automotive Relays Market

• Asia Pacific held the dominant share of the micro automotive relays market due to the growing demand for EVs in this region.
• North America is expected to grow with a significant CAGR due to the presence of several automotive companies in this region
• The OEM segment dominated the market due to the rising integration of advanced electronic systems in vehicles.
• The conventional vehicles segment led the market due to the increasing demand for gasoline propulsion vehicles around the world.

Micro Automotive Relays: Stats and Figures

• According to the MIA NZTA, around 4231 SUVs were sold in New Zealand during 2024.
• According to the Our World in Data, around 93% of the new cars sold in Norway during 2023 were EVs.
• According to the Slashdot Organization, around 59736 electric vehicles were sold in Japan during 2024.
• According to the International Energy Agency, around 1.7 million EVs were sold in the U.S. during 2024.

Industry Leader Announcement

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.”

Geographical Insights

• Asia Pacific held the highest share of the micro automotive relays market. The market in this region is generally driven by the rising sales of automotives. Moreover, the presence of numerous automotive brands coupled with increasing disposable income of the people has further contributed to the industrial expansion in this region.
• In Asia Pacific, Japan, China, India and South Korea significantly contributes to the market. These countries are technologically advanced and comprises of several automotive component manufacturers. Additionally, the availability of skilled workforce coupled with rapid adoption of EVs has driven the growth of the market in these countries.

Competitive Landscape

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.

• According to the annual report of Denso, the mobility electronics segment generated a revenue of 1615.50 billion yen in 2023 that increased to 1941.80 billion yen in 2024.

Market Segmentation

By Type

• PCB Relay
• Plug-In Relay

By Application

• Passenger Vehicles
• Commercial Vehicles

By Vehicle Type

• Conventional Vehicles
• Electric Vehicles

By Distribution Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa