Market Share of Automotive Relay Industry
The automotive relay market is dominated by companies such as DENSO Corporation (ANDEN Co. Ltd), Panasonic Corporation, TE Connectivity, and Nidec Corporation.
The market for automotive relays is highly competitive due to the presence of both international and domestic relay suppliers in the region. The companies are investing heavily in R&D projects and launching new products. For instance,
- In April 2022, LG Magna e-Powertrain announced its latest manufacturing facility located in Ramos Arizpe, Mexico. This newly established plant is dedicated to the production of inverters, motors, and onboard chargers with the primary objective of bolstering General Motors Electric Vehicle (EV) manufacturing operations.
Automotive Relay Market Leaders
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DENSO Corporation
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Fujitsu Ltd
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Panasonic Corporation
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Nidec Corporation
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TE Connectivity
*Disclaimer: Major Players sorted in no particular order
