Steering Wheel Switches Market Global Analysis and Forecast by Key Players: ZF, Delphi, Alps, Tokai Rika, Valeo, Panasonic, Changjiang Automobile, GSK INTEK, Leopold Kostal, Marquardt, Methode Electronics, Aptiv, COBO International, Vimercati SpA, Toyoden

Market Overview:-

Steering Wheel Switches Market will cross 500 million units by 2024. Various applications including infotainment, ADAS, and onboard computer are enhancing the number of switches to be deployed on steering wheels. Rising number of functions in vehicles will result in increased production of these switches, primarily driving the industry growth over the forecast timeline.

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Steering wheel switches market from push buttons will account for maximum revenue share over the forecast timeframe owing to its high requirement in various vehicle applications. These applications include self-driving mode, automatic climate controls, and vehicle information, etc. The usage of these switches results in enhancement in driver’s safety that will lead to minimization of accident rate globally.

Top Key Players:-

The key players of Steering Wheel Switches Market are ZF, Delphi, Alps, Tokai Rika, Valeo, Panasonic, Changjiang Automobile, GSK INTEK, Leopold Kostal, Marquardt, Methode Electronics, Aptiv, COBO International, Vimercati SpA, Toyodenso, C&K Components, Fangxiang, and Standard Motor Products.

Regional Segmentations:-

Europe steering wheel switches market is expected to hold a significant share crossing USD 1 billion till 2024. Presence of established automobile OEMs along with stringent regulations across the region for driver safety enhancement will support the industry growth.

Asia pacific will account for highest volume share owing to high production of automobile along with shifting consumer preference towards premium cars.

Major Points of Table Of Content:-

3. Steering Wheel Switches Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.3.1. OEM
3.3.3.2. Aftermarket
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Pricing analysis
3.5.1. Regional pricing
3.5.1.1. North America
3.5.1.2. EU
3.5.1.3. APAC
3.5.1.4. LATAM
3.5.1.5. MEA
3.5.2. Cost structure analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. EU
3.6.3. China
3.7. Industry impact forces
3.7.1. Growth drivers, by region
3.7.1.1. NA
3.7.1.2. EU
3.7.1.3. APAC
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Industry pitfalls & challenges
3.8. Innovation and sustainability
3.9. Growth potential analysis
3.10. Porter's analysis
3.11. Competitive landscape, 2016
3.11.1. Company market share analysis, 2016
3.11.2. Strategy dashboard
3.12. PESTEL analysis

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Steering wheel switches market from OEMs is anticipated to capture maximum revenue share, accounting for over USD 3 billion by the end of 2024. Substantial automobile production will primarily contribute to the revenue generation. Increasing disposable income across the globe has resulted in high demand for customization of various vehicle functions. This has further propelled the industry growth over the past years. Technological advancements have led to increased number of buttons to operate multiple functions, impacting the industry positively.

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