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Electric Vehicle Relays Market size is set to grow by USD 377.32 billion from 2024-2028, Solid-state relays to become low-cost in the long run boost the market, Technavio

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NEW YORK, June 11, 2024 /PRNewswire/ — The global electric vehicle relays market size is estimated to grow by USD 377.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  63.49%  during the forecast period. Solid-state relays to become low-cost in the long run is driving market growth, with a trend towards consolidation of relay market. However, recall of electric vehicles over defective relays and related components  poses a challenge. Key market players include ABB Ltd., American Zettler Inc., Aptiv Plc, BorgWarner Inc., DENSO Corp., Fujitsu Ltd., Good Sky Electric Co. Ltd., HELLA GmbH and Co. KGaA, IDEC Corp., Littelfuse Inc., OMRON Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., Shanghai Hu Gong Auto electric, Siemens AG, TE Connectivity Ltd., HONGFA, and YM Tech Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Electric Vehicle Relays Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 63.49%

Market growth 2024-2028

USD 377323.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

46.34

Regional analysis

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

Performing market contribution

APAC at 55%

Key countries

China, US, Germany, France, and UK

Key companies profiled

ABB Ltd., American Zettler Inc., Aptiv Plc, BorgWarner Inc., DENSO Corp., Fujitsu Ltd., Good Sky Electric Co. Ltd., HELLA GmbH and Co. KGaA, IDEC Corp., Littelfuse Inc., OMRON Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., Shanghai Hu Gong Auto electric, Siemens AG, TE Connectivity Ltd., HONGFA, and YM Tech Co. Ltd.

Market Driver

The electric vehicle relays market has experienced consolidation through mergers and acquisitions, resulting in benefits such as increased revenue, expanded product reach, and resource sharing. Notable acquisitions include The Longreach Group’s purchase of Fujitsu Component in 2018 and Sensata Technologies’ acquisition of GIGAVAC the same year. These deals aim to strengthen market positions in high-voltage relay applications, a growing demand in the electric vehicle industry. 

The Electric Vehicle (EV) market is experiencing significant growth, with a focus on advanced technologies such as vehicle relays. These relays play a crucial role in the proper functioning of EVs by managing the flow of electrical current. The demand for electric vehicles is increasing due to factors like government incentives, environmental concerns, and advancements in battery technology.

As a result, the market for EV relays is expected to grow steadily in the coming years. Companies are investing in research and development to create more efficient and reliable relays to meet the demands of this expanding market. Additionally, the integration of smart technology in relays is a trend that is gaining traction, allowing for remote monitoring and control of EV systems. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         Electric vehicle (EV) manufacturers, such as Volvo, Jaguar Land Rover Automotive, and BMW, are introducing EVs into their product lines, leading to increased competition and innovation. However, advancements in EV technology have complicated manufacturing processes and raised costs.

•         Toyota Kirloskar Motor increased car prices due to these costs, while relay manufacturers face additional expenses from EV recalls. For instance, Hyundai Motor Company recalled over 11,000 vehicles due to potential relay defects, resulting in increased costs for relay manufacturers. These recalls will challenge the global EV relays market during the forecast period.

•         The Electric Vehicle (EV) Relay Market faces several challenges. One key challenge is the complexity of the relay systems required for EV charging infrastructure. Carbon fiber relays are becoming popular due to their lightweight and high current handling capacity. However, their production cost is high. Another challenge is the need for reliable and efficient vehicle-to-grid (V2G) systems.

•         Carbon-based relays are used in V2G systems, but their power handling capacity is limited. Additionally, the increasing use of autonomous vehicles and ride-sharing services adds complexity to the relay systems. The market requires cost-effective, high-performance, and reliable relays to address these challenges. The market is expected to grow due to government initiatives and increasing consumer awareness towards sustainable transportation.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Type 1.1 PCB1.2 Plug-inVehicle Type2.1 PLDVs2.2 LCVs2.3 Buses and trucksGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 PCB-  The Electric Vehicle (EV) Relay Market is experiencing significant growth due to the increasing adoption of electric vehicles worldwide. Key players in this market include Panasonic, Schneider Electric, and Sensata Technologies. These companies supply relays essential for EV battery management systems and charging infrastructure. The market’s expansion is driven by government initiatives promoting sustainable transportation and advancements in battery technology.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Electric Vehicle Relay Market is experiencing significant growth due to the rise in EV adoption and the integration of electromagnetism in transportation. Key applications include EVs, SUAVs, robotics, and railway systems. These relays manage electrical current flow in EVs, PCBs, and other systems, ensuring safety and functionality. The use of durable materials like steel is crucial in their manufacturing. This market expansion underscores the relays’ versatility and essential role in advanced transportation and automation technologies.

Market Research Overview

The Electric Vehicle (EV) Relays Market is thriving due to the rising adoption of EVs globally. Key drivers include stringent emission norms, government incentives, and battery technology advancements. This market, segmented by voltage level (low, medium, high), vehicle type (HEVs, BEVs, PHEVs), and application (on-board charging, power distribution, thermal management), is set to expand with innovations in wireless charging and autonomous vehicles. Additionally, applications in Small Unmanned Aerial Vehicles (SUAVs), Printed Circuit Boards (PCBs), and robotics highlight the versatile potential of EV relays in modern technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypePCBPlug-inVehicle TypePLDVsLCVsBuses And TrucksGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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iQOO Neo 10 Debuts with Flagship Dual Chips, Delivering Breakthrough Performance and Industry-Leading Battery Life

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DONGGUAN, China, May 25, 2025 /PRNewswire/ — iQOO officially unveils the latest addition to Neo lineup—iQOO Neo 10, featuring a powerful dual-chip setup that redefines performance in its class. With next-level performance powered by a flagship-grade Snapdragon® platform and a cutting-edge Supercomputing Chip, a class-leading combination of a large-capacity battery and FlashCharge technology, and a high-refresh-rate, eyecare display built for gaming, iQOO Neo 10 delivers a one-stop flagship-grade experience for users who demand it all.

Flagship-Level Dual-Chip Setup Brings Breakthrough Performance

Empowered by Qualcomm’s first all-big-core architecture processor, iQOO Neo 10 unleashes extraordinary performance to its fullest. The latest Snapdragon® 8s Gen 4 Mobile Platform features a flagship-grade CPU, delivering a performance boost of 49% and an energy efficiency improvement of 39% compared to the previous generation, with an AnTuTu Benchmark score of 2426162.(1) iQOO Neo 10 offers stronger performance, lower power consumption, faster responsiveness, and greater stability across the board. Whether users are multitasking or running heavy-duty games, the experience stays smooth, efficient, and consistent. The device also supports up to 16 GB of LPDDR5X Ultra RAM, and with Extended RAM enabled, it can keep up to 52 apps active in the background—ensuring seamless switching and effortless handling of high-frequency, multitasking scenarios.

Setting itself apart in its category, iQOO Neo 10 features a dual-chip setup, equipped with the flagship-grade Supercomputing Chip Q1, delivering an immersive, top-tier gaming experience. Through deep synergy between the Supercomputing Chip Q1 and algorithms, iQOO Neo 10 achieves exceptional image processing, supporting Game Super Resolution and industry-leading Ultra-Low-Latency Frame Interpolation—boosting frame rates to up to 144 FPS. It’s also compatible with major video platforms like YouTube and Netflix, offering ultra-clear visuals that go beyond native resolution. Along with numerous game-specific features, iQOO Neo 10 elevates the gaming experience across multiple dimensions, including priority scheduling, visual display, and complete sensory interaction.

To handle intense usage scenarios, iQOO Neo 10 features iQOO’s largest-ever vapor chamber—the same flagship-grade VC cooling system with a surface area of 7000 mm²,(2) precisely covering key heat sources. This advanced 7K Ultra VC Cooling System ensures sustained, stable performance even during extended gaming or heavy loads, keeping the device cool while helping gamers stay at their peak. Additionally, areas with localized heat sources, such as the front-facing camera, are equipped with Pyrolytic Graphite Sheet to maintain stable and smooth performance during prolonged live streaming or video recording sessions.

Industry-Leading Battery System for Ultra-Long, Stable Endurance

iQOO Neo 10 marks a breakthrough in battery capacity, advancing to an equivalent 7000 mAh for a truly long-lasting power experience. Powered by the Gen 3 Silicon BlueVolt Battery, it delivers reliable, high-performance usage—even in extreme cold conditions as low as -20℃. Thanks to cutting-edge innovations, iQOO Neo 10 breaks industry limits by achieving both high energy density and ultra-fast charging. Its 120W FlashCharge leads the industry in power efficiency, enabling the battery to charge faster—reaching 100% from 0% in just 36 minutes. It’s further enhanced by flagship-level Bypass Charging, which powers the device directly through the charger. This reduces battery heat during charging, enhances safety, and extends overall battery lifespan.

A Next-Gen Flagship Eyecare Display with Upgraded Aesthetics

iQOO Neo 10 takes display technology to new heights. Its 1.5K 144 Hz Eyecare AMOLED Display is engineered for both performance and comfort, offering a truly immersive visual experience. Backed by SGS Five-Star Sunlight Readable Display Certification, iQOO Neo 10 offers peak brightness of up to 2000 nits, ensuring crystal-clear visibility even in intense outdoor light. To further protect eye health, it also adopts 4320 Hz PWM Dimming along with Full-Range DC-Like Dimming, significantly reducing screen flicker and visual fatigue. Whether binge-watching shows, scrolling through short videos, or diving into long gaming sessions, users can enjoy a smooth, vivid, and comfortable viewing experience.

iQOO Neo 10 showcases a design philosophy that is clean, premium, youthful, and beyond expectations. With iQOO’s signature futuristic design language, it evokes a unique sci-fi exploration vibe. The device comes in a range of color options, including the sophisticated gold and the vibrant orange, combining high recognizability with bold self-expression. The lightweight body ensures a comfortable grip, with an overall thickness of 8.09 mm and a weight of just 206g, allowing for effortless use even during extended periods.

Flagship-Worthy Imaging Performance

Equipped with a flagship-level main camera and cutting-edge algorithms, iQOO Neo 10 sets a new standard in mobile photography. The 50 MP Sony IMX882 OIS Camera supports advanced full-pixel autofocus, ensuring fast and precise focus in a variety of complex shooting scenarios. Enhanced by flagship-grade NICE algorithms, it optimizes image depth and color reproduction, making every photo vivid, natural, and breathtakingly detailed. Whether capturing Nautical Blue Urban Night View or professional-grade portraits, iQOO Neo 10 delivers exceptional results with ease.

Designed for Reliability, Engineered for Efficiency

Built to last, iQOO Neo 10 delivers uncompromising durability and reliability. Its reinforced Durable Comprehensive Cushioning Structure, Shield Glass, and Drop-Resistant Protective Film work in tandem to significantly enhance drop resistance—certified to meet Military-Grade Certification. With an IP65 rating for dust and water resistance, it’s ready to take on everyday splashes and dust with ease, adapting effortlessly to dynamic environments. Built on Funtouch OS 15, the system delivers a 60-Month Smooth Experience with pioneering anti-aging capabilities.

Advanced AI capabilities take efficiency to the next level, empowering users to seamlessly navigate both work and life demands. From intelligent image editing to productivity tools and system interactions, iQOO Neo 10 delivers deep, multi-scenario AI integration—offering a smarter, smoother, and more efficient user experience across the board.

Availability

iQOO Neo 10 will be released in India on May 26, Malaysia on May 29, and Indonesia and Thailand on June 4. United Arab Emirates and Saudi Arabia as of mid-June.

At the same time, iQOO Z10, which is more focused on daily use scenarios and has received widespread praise since its launch in India on April 15, is now also stepping into various markets alongside iQOO Neo 10, offering a differentiated experience for users who value long-lasting performance.

About iQOO

iQOO, a sub-brand of vivo, differentiates itself in performance and Esports experience. iQOO leverages the research, quality assurance and after-sales service expertise of vivo, and follows the brand ethos of I Quest On and On to push boundaries, innovate boldly and share the excitement of exploring future technology. With products offering Esports-standard capabilities, iQOO aims to become the top choice of consumers who are passionate about performance and gaming.

For more information, please visit https://www.iqoo.com/en.

(1)The score data was obtained from iQOO laboratory tests based on AnTuTu Benchmark V10.4. The test device is the 16 GB + 512 GB edition of iQOO Neo 10. The data is for reference only. Actual scores may vary according to different phone memory editions and test environments.

(2)The VC size is based on data from the iQOO laboratory. The actual size may slightly vary due to production batches, processes variations, and measurement methods.

 

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SOURCE iQOO

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Industry Forums at 137th Canton Fair Spotlight Emerging Trends and Global Strategies

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GUANGZHOU, China, May 26, 2025 /PRNewswire/ — The 137th China Import and Export Fair (Canton Fair) hosted a series of high-level industry forums, bringing together government officials, financial institutions, business leaders, and subject matter experts. These sessions explored evolving global trade dynamics and offered strategic guidance to Chinese enterprises pursuing international growth.

A standout session on April 17, titled “The New Ecosystem of AI + Consumer Electronics,” focused on how artificial intelligence is transforming the consumer electronics landscape. Discussions emphasized intelligence, personalization, and contextual innovation as key drivers of the sector’s next wave of growth. Leading voices from companies such as Lianlian Global and iFLYTEK shared insights on leveraging AI to create competitive advantages. The forum also marked the release of a white paper that offered practical strategies across six major product categories. Case studies demonstrated how China’s R&D-led and globally integrated production model reshaped global markets.

On April 23, another pivotal forum addressed brand globalization in the home and construction materials sector. Experts and company leaders shared approaches for strengthening reach in the international market. Professor Dai Yonghong of Shenzhen University emphasized the importance of combining AI with a deep understanding of Chinese market strengths to navigate global trade uncertainties. Shi Zhicheng from the China Quality Certification Center highlighted the need to embed carbon reduction strategies in line with China’s dual carbon goals. Customs expert Zu Xiaomin explained how the AEO (Authorized Economic Operator) system facilitates smoother international expansion for certified enterprises. A roundtable featuring executives from several furnishing companies illustrated a key shift in China’s manufacturing—moving from cost-driven competitiveness to a focus on quality and branding.

Additional forums throughout the 137th Canton Fair explored global opportunities across different sectors. The April 25 forum titled “The Rising Wave of ‘China Chic’ Going Global” examined how Chinese domestic brands are integrating traditional design elements with modern innovation to expand overseas. The Luggage & Bags Industry Transformation Forum on May 1 discussed market upgrades and unveiled WGSN’s 2026 Spring/Summer Accessories Trend Report, while the Sports Industry Innovation Forum on the same day spotlighted technology adoption and global brand-building strategies.

Together, these forums reinforced the Canton Fair’s role as a strategic platform for sharing industry foresight, fostering innovation, and supporting Chinese enterprises in their expansion journey into global markets.

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Ricoh IM C3010 Wins 2025 Pick Award from Keypoint Intelligence

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Award recognises standout performance in productivity, usability, and digital workflow capabilities

TOKYO, May 26, 2025 /PRNewswire/ — The RICOH IM C3010 A3 colour multifunction printer has been named a “Highly Recommended” device and selected for a 2025 BLI Pick Award by Keypoint Intelligence, a leading independent evaluator of document imaging solutions.

Engineered with enterprise-grade capabilities, the IM C3010 is built to support modern work environments by offering a powerful, secure and flexible solution that streamlines workflows and enhances productivity. This BLI award acknowledges the device’s exceptional performance, intuitive usability, and advanced document handling.

“Recognition like this reinforces how we’re helping customers respond to the growing need for smarter, more secure ways of working,” said Kei Uesugi, Managing Director of Ricoh Asia Pacific. “The IM C3010 combines strong performance with everyday usability, giving businesses the tools to manage documents more efficiently and adapt with confidence.”

Key Features of the IM C3010

Smart Operation Panel: 10.1-inch touchscreen with customisable workflows and one-touch task presets to simplify day-to-day use.

Fast, Reliable Performance: Quick first-print-out times and consistent job handling for both short and long runs in busy office environments.

Advanced Scanning & OCR: High-speed duplex scanning with accurate text recognition and compact file output for efficient digitisation.

Robust Security: Integrated features such as secure print, user authentication and data encryption to help protect sensitive information.

Mobile & Cloud Ready: Built-in support for AirPrint, Mopria, and Ricoh Smart Device Connector, plus cloud services via Ricoh Smart Integration.

Powering Smart, Secure Workflows

The IM C3010 excels in high-demand office environments, combining exceptional speed, advanced scanning capabilities and robust security features. Its intuitive Smart Operation Panel, accurate OCR performance, and seamless mobile and cloud integration make it ideally suited for organisations seeking to digitise documents efficiently and manage workflows securely. Designed to adapt to changing workplace needs, the IM C3010 supports scalable, future-ready document management.

-Ends-

About the BLI Pick Awards and Keypoint Intelligence:

The BLI Pick Awards, presented by Keypoint Intelligence, are widely recognised as a mark of excellence in the print and imaging industry. These awards are based on comprehensive hands-on testing and assessment of key performance areas, including reliability, usability, image quality, productivity, and overall value. Only the top-performing devices in each category earn a coveted “Pick”.

Keypoint Intelligence has been a trusted authority in digital imaging for over 60 years, offering independent lab testing, market research and strategic insights to manufacturers, partners and end users. Its evaluations help businesses identify solutions that deliver measurable performance in real-world environments — making a BLI Pick Award a clear signal of product quality and competitive strength.

About Ricoh

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2025, Ricoh Group had worldwide sales of 2,527 billion yen (approx. 16.8 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com


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© 2025 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

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SOURCE Ricoh Asia Pacific Pte Ltd

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