The global automotive relay market was valued at USD 13.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. Over the past decade, there has been significant diversification in the types of electric automotive parts, which has resulted in an increase in the number of relays used as switching devices in vehicles. Additionally, the varying...

The automotive relay industry is experiencing significant expansion, driven by an increased need for sophisticated electrical systems in automobiles. Relays play a pivotal role in this ecosystem by controlling various electrical components, which is essential for their proper functioning and ultimately enhances overall vehicle performance. A significant factor contributing to the expansion of...