Automotive Switches Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026 – Increase uses and demand of electric vehicles is driving the growth of automotive switches market.
Global Automotive Switches Market is valued at USD 12.944 Billion in 2019 and expected to reach USD 16.094 Billion by 2025 with the CAGR of 3.16% over the forecast period.
Scope of Global Automotive Switches Market Report –
The automotive industry has improved the vehicles with complex combination of intelligent electronic systems and integrated mechanical structure. These automotive switches assist driver in controlling dozens of variables from temperature to seating angle to power mirror settings with fingertip precision. The technological innovations in switch designs are growing from single function on-off units to sophisticated combination switches that can control turn signals, cruise control, lights, wipers etc.
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Global Automotive Switches market report is segmented on the basis of vehicle type, product, application, and by regional & country level. Based on vehicle type, global Automotive Switches Devices market is classified as PCV, LCV, HCV and Two Wheelers. Based upon product, global automotive switches market is classified into push button, rocker switches, rotary switches, toggle switches, multi-function switches and others. Based upon application, global automotive switches market is classified into indicator system switches, HVAC, EMS switches, electronic system switches and others.
The regions covered in this automotive switches market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of clinical decision support system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Automotive Switches Market Reports-
Some major key players for global automotive switches market are Delphi Technologies, Leopold Kostal GmbH & Co. KG, Panasonic Automotive Systems Co., Valeo, ZF Friedrichshafen AG, Marquardt GmbH, Preh GmbH, Ark-Les Connectors, D&R Technology, LLC, Diamond Electric Manufacturing Corporation, E-Switch Inc, Honeywell Inc, TRW Automotive U.S. LLC, Micro Technologies.and others.
Standard Motor Products, Inc. an automotive replacement parts manufacturer and distributor, had acquired certain assets and liabilities of the Pollak business of Stoneridge, Inc. for about $40 million, subject to post-closing adjustments. Stoneridge's Pollak business has manufacturing and distribution facilities in Canton, MA, El Paso, TX, and Juarez, Mexico, and distributes a broad range of engine management products including sensors, switches, and connectors with net sales volume of approximately $45 million in 2018.
Global Automotive Switches Devices Market Dynamics –
Automotive industry is showing substantial transformation from traditional vehicles to growing trend in electric vehicles as well as autonomous vehicles as well as consumer’s demand on safety and comfort is driving the automotive switch market. The trend of making the vehicle totally automated by shifting from mechanical components to the electronic components is driving the automotive switches market further. The growing demand of LCVs and HCVs are significantly affecting the market of automotive switch, for instance number of commercial vehicles sold in the year 2018 was 26 million units and increased up to 27 million in 2019 with growth rate of about 3.8% which will also affect the automotive switch market accordingly. The growing interest on EVs due to low fuel consumption and environment safety policies will positively affect the automotive switch market in the vehicle manufacturing industry. Additionally, governments from both developing and developed countries are introducing various schemes for increasing adoption of EVs creating more opportunities for the automotive switch market to grow. The major vehicle OEMs are now focusing to implement new and innovative components in their vehicles to make the vehicle system more consistent & efficient and augment their market share. For example, Mercedes-Benz installed a touchpad controller in its S-Class and C-Class models, which comprises rotary knob and touch keys to control the navigation and infotainment system in the vehicle, increasing the demand of automotive switch market.
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Global Automotive Switches Market Regional Analysis –
Asia-Pacific is estimated to be the most attractive region for automotive switches market due to increasing demand of passenger vehicles as well as commercial vehicles in this region, presence of rapid developing economy such as India and China, adoption of latest technology and increasing focus on EVs. For example, in 2018, 1.161 million EVs were sold with annual growth rate of 4.2%, showing the huge opportunity that is present for the automotive switch market. Europe is also showing steady growth in automotive switch market due to ever expanding automobile sector, growing initiative in adopting EVs, and presence of several major luxury car manufacturers such as Daimler AG, Audi and Porsche. North American automotive switch market is expected to have high growth rate than Europe due to economic meltdown in Europe, huge demand for luxury automotive and easy availability of credit facilities to automotive buyers.
Key Benefits for Global Automotive Switches Market Reports–
Global Automotive Switches Devices Market report covers in depth historical and forecast analysis.
Global Automotive Switches Devices Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Automotive Switches Devices Market report helps to identify opportunities in market place.
Global Automotive Switches Devices Market report covers extensive analysis of emerging trends and competitive landscape.
Global Automotive Switches Market Segmentation –
Global Automotive Switches Market: By Vehicle Type
PCV
LCV
HCV
Two Wheelers
Global Automotive Switches Market: By Product
Push Button
Rocker Switches
Rotary Switches
Toggle Switches
Multi-function Switches
Others
Global Automotive Switches Market: By Application
Indicator System Switches
HVAC
EMS Switches
Electronic System Switches
Others
Global Automotive Switches Market: By Regional & Country Analysis
North America
U.S.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
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