MOUNTAIN VIEW, Calif., Jan. 8, 2013 /PRNewswire/ -- The surge in electronic content in automobiles, as well as a heightened demand for consumer electronic products, especially from Asia, have created a robust market for printed circuit board (PCB) relays. Relays are an integral part of cell phones, personal digital assistants (PDAs), audio systems, along with other white goods, and are vital for power and signal transmission in automobiles. As such, the rising usage of electric and hybrid vehicles will provide a huge boost to the adoption of PCB relays.
New analysis from Frost & Sullivan ( http://www.smt.frost.com), Comprehensive Assessment of the Global Printed Circuit Board Relay Market, finds that the market earned revenue of $2.39 billion in 2012 and is expected to reach $4.51 billion in 2019, at a compound annual growth rate of 9.5 percent.
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"As vehicle manufacturers continue to give priority to powertrain and engine performance, in addition to fuel efficiency, the demand for PCB relays is expected to remain steady," said Frost & Sullivan Electronics Research Analyst Lavanya Rammohan.Markets such as aerospace, defense and medical industries are heavy users for PCB relays. The growing use of high-reliability PCB relays in radars, weapons, and armed vehicles is spurring its adoption in the defense sector, while the commercial aerospace sector simultaneously demands both cutting-edge technology as well as rugged PCB relays. The medical industry is also a significant market for PCB relays for applications in ultrasound, scanning and x-ray applications.