EV Relay Market Outlook:
EV Relay Market size was over USD 3.79 billion in 2025 and is projected to reach USD 25.29 billion by 2035, witnessing around 20.9% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of EV relay is evaluated at USD 4.5 billion.
The increasing popularity of electric vehicles is anticipated to propel the EV relay market. For example, the International Energy Agency (IEA) projected that global sales of electric cars were 10 million in 2022 and increased by an additional 35% to reach 14 million in 2023. The automobile industry is predicted to experience certain structural changes in the near future due to the rapid development of new technology. Precision, robotic effectiveness, and consistency in the manufacturing process will all be significantly increased by artificial intelligence (AI) and machine learning (ML). Manufacturers can offer attractive features and boost revenue in the EV relay market owing to level 2 automation, which includes driver assistance and active safety systems.
