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Communication Relay Market to record USD 114.62 Mn growth; Driven by Miniaturization of Electronic Components - Technavio
[November 14, 2022]

Communication Relay Market to record USD 114.62 Mn growth; Driven by Miniaturization of Electronic Components - Technavio


NEW YORK, Nov. 14, 2022 /PRNewswire/ -- The "Communication Relay Market by Application (Telecom switching systems, Mobile base stations, Broadband equipment, and Broadband studios) and Geography (APAC, North America, Europe, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the communication relay market between 2021 and 2026 is USD 114.62 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Download a Free PDF Sample Report.

Key Market Dynamics:

  • Market Driver: The market is driven by the miniaturization of electronic components. The convergence of IT, audio, and visual technologies have drastically changed the electronics industry. This convergence has resulted in a demand for miniaturized electronic components to cater to the changing technology and the growing demand for compact electronic products in both consumer electronics and electronic equipment. Communication relay equipment, such as reed relays and compact signal relays provide a fast-switching action and a low forward voltage drop. These relays have a large switching range from uV and uA to A and 250 V. Along with these benefits, their compact design makes them an effective option for use in communication and telecom equipment. Thus, the miniaturization of communication equipment will have a positive impact on the growth of the market during the forecast period.
  • Market Challenges: The increasing demand for wireless communication networks will challenge the growth of the market. Wireless networks can have a wide operating area. The increasing penetration of the Internet around the world, the rising demand for digital content, and the growing adoption of IoT-enabled devices have increased the demand for wireless communication networks. All these factors have increased the need for effective wireless communication devices such as wireless routers and modems in commercial, residential, and industrial setups. Signal relays are an integral part of modems and routers and aid in switching the signal and controlling the network connection. Therefore, the increasing demand for wireless communication is expected to raise the demand for communication relay equipment.

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Vendor Landscape

The global communication relay market is in the growth stage and is expected to grow during the forecast period. As there are several growth opportunities in this market, the competition will intensify during the forecast period. To survive and succeed in this highly competitive environment, it becomes imperative for the vendors in the market to distinguish their service offerings through a clear and unique value proposition. However, due to slow growth in the communication relay equipment segment, vendors have diversified their offerings and are now focusing on providing relays for power applications, which are used in the manufacturing and electronics industries. Vendors are evaluated by end-user industries based on their technical expertise, total offerings, and superiority of service offerings, which has resulted in intense competition. Some of the major vendors in the market include:

  • ABB Ltd.
  • American Electronic Components Inc.
  • American Zettler Inc.
  • Fujitsu Ltd.
  • IDEC Corp.
  • KEMET Corp.
  • OMRON Corp.
  • Panasonic Corp.
  • Phoenix Contact GmbH and Co. KG
  • Rao Electromechanical Relays Pvt. Ltd.
  • RJS Electronics Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Song Chuan Precision Co. Ltd.
  • TE Connectivity Ltd.
  • Teledyne Technologies Inc.
  • Xiamen Hongfa Electroacoustic Co. Ltd.
  • Zhejiang CHINT Electrics Co. Ltd.
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Communication Relay Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of over 4.8%

Market growth 2022-2026

USD 114.62 million

Market structure

Fragmented

YoY growth (%)

4.36

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 44%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., American Electronic Components Inc., American Zettler Inc., Fujitsu Ltd., IDEC Corp., KEMET Corp., OMRON Corp., Panasonic Corp., Phoenix Contact GmbH and Co. KG, Rao Electromechanical Relays Pvt. Ltd., RJS Electronics Ltd., Schneider Electric SE, Siemens AG, Song Chuan Precision Co. Ltd., TE Connectivity Ltd., Teledyne Technologies Inc., Xiamen Hongfa Electroacoustic Co. Ltd., and Zhejiang CHINT Electrics Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Telecom switching systems - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Telecom switching systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Telecom switching systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Telecom switching systems - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Telecom switching systems - Year-over-year growth 2021-2026 (%)
  • 5.4 Mobile base stations - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Mobile base stations - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Mobile base stations - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Mobile base stations - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Mobile base stations - Year-over-year growth 2021-2026 (%)
  • 5.5 Broadband equipment - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Broadband equipment - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Broadband equipment - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Broadband equipment - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Broadband equipment - Year-over-year growth 2021-2026 (%)
  • 5.6 Broadcasting studios - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Broadcasting studios - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Broadcasting studios - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Broadcasting studios - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Broadcasting studios - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application 
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 South Korea - Market size and forecast 2021-2026
    • Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 American Electronic Components Inc. 
    • Exhibit 97: American Electronic Components Inc. - Overview
    • Exhibit 98: American Electronic Components Inc. - Product / Service
    • Exhibit 99: American Electronic Components Inc. - Key offerings
  • 10.4 American Zettler Inc. 
    • Exhibit 100: American Zettler Inc. - Overview
    • Exhibit 101: American Zettler Inc. - Product / Service
    • Exhibit 102: American Zettler Inc. - Key offerings
  • 10.5 Fujitsu Ltd. 
    • Exhibit 103: Fujitsu Ltd. - Overview
    • Exhibit 104: Fujitsu Ltd. - Business segments
    • Exhibit 105: Fujitsu Ltd. - Key offerings
    • Exhibit 106: Fujitsu Ltd. - Segment focus
  • 10.6 KEMET Corp. 
    • Exhibit 107: KEMET Corp. - Overview
    • Exhibit 108: KEMET Corp. - Business segments
    • Exhibit 109: KEMET Corp. - Key offerings
    • Exhibit 110: KEMET Corp. - Segment focus
  • 10.7 OMRON Corp. 
    • Exhibit 111: OMRON Corp. - Overview
    • Exhibit 112: OMRON Corp. - Business segments
    • Exhibit 113: OMRON Corp. - Key news
    • Exhibit 114: OMRON Corp. - Key offerings
    • Exhibit 115: OMRON Corp. - Segment focus
  • 10.8 Panasonic Corp. 
    • Exhibit 116: Panasonic Corp. - Overview
    • Exhibit 117: Panasonic Corp. - Business segments
    • Exhibit 118: Panasonic Corp. - Key news
    • Exhibit 119: Panasonic Corp. - Key offerings
    • Exhibit 120: Panasonic Corp. - Segment focus
  • 10.9 Song Chuan Precision Co. Ltd. 
    • Exhibit 121: Song Chuan Precision Co. Ltd. - Overview
    • Exhibit 122: Song Chuan Precision Co. Ltd. - Product / Service
    • Exhibit 123: Song Chuan Precision Co. Ltd. - Key offerings
  • 10.10 TE Connectivity Ltd. 
    • Exhibit 124: TE Connectivity Ltd. - Overview
    • Exhibit 125: TE Connectivity Ltd. - Business segments
    • Exhibit 126: TE Connectivity Ltd. - Key offerings
    • Exhibit 127: TE Connectivity Ltd. - Segment focus
  • 10.11 Teledyne Technologies Inc. 
    • Exhibit 128: Teledyne Technologies Inc. - Overview
    • Exhibit 129: Teledyne Technologies Inc. - Business segments
    • Exhibit 130: Teledyne Technologies Inc. - Key news
    • Exhibit 131: Teledyne Technologies Inc. - Key offerings
    • Exhibit 132: Teledyne Technologies Inc. - Segment focus
  • 10.12 Xiamen Hongfa Electroacoustic Co. Ltd.
    • Exhibit 133: Xiamen Hongfa Electroacoustic Co. Ltd. - Overview
    • Exhibit 134: Xiamen Hongfa Electroacoustic Co. Ltd. - Product / Service
    • Exhibit 135: Xiamen Hongfa Electroacoustic Co. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 142: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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