Steering Wheel Switches Market 2018 Key Players are Delphi, ZF, Valeo, ALPS, Tokai Rika, Panasonic Automotive

Market Overview:-

Global Steering Wheel Switches Market is projected to witness massive growth in the years ahead, in terms of sales and volume. Traditionally, these wheels were designed only with one button for honking, however, with consumers demanding increased functionality in the car such as controls for playing music and handsfree talking on the phone, steering wheels have come to include more switches that can help the driver operate different functions without having to get distracted from driving, thus helping to prevent accidents. Steering wheel switches are more prevalent in passenger vehicles and light commercial vehicles, though they are also gaining prominence in heavy commercial vehicles. Owing to the comfort and functionality that these switches provide, automotive industry players are looking forward to incorporating more such switches in the steering wheel with varied styles, which would eventually boost steering wheel switches industry trends.

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Though the growth prospects of steering wheel switches market are indeed impressive, it is expected that the emergence of autonomous vehicles technology and innovative cars that may come without steering wheels may hinder the steering wheel switches market progress. Nonetheless, it has been forecast that driverless cars would take a while to go mainstream, on the grounds of which it is justified to state that steering wheel switches market would continue to experience an exponential growth graph in the ensuing years.

Top Key Players:-     

The key players of global Steering Wheel Switches Market are Delphi, ZF, Valeo, ALPS, Tokai Rika, and Panasonic Automotive.

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.

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Major Points of Table Of Content:-

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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It is imperative to mention that in the countries where the demand for luxury cars are greater, such as Germany, Italy, UK, US and France, steering wheel switches industry giants have designed wheels to accommodate as many as 10 switches. This trend has been followed in mid-range cars as well, with switches like infotainment, phone connectivity and volume control that can keep drivers from operating the distracting touchscreen for any kind of function control. Many auto manufacturers are also adding a joystick-like push button controller on the left of the steering wheel, which is intuitive and can be operated without the driver having to seek out the touchscreen display first. The rising demand for such easily functional switches will indeed boost the steering wheel switches market share. Many automobile designers and manufacturers are also working to design a uniform steering wheel switch layout so that it is easier for users to operate controls using intuition and feel, thereby propelling the steering wheel switches industry further.

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