Steering Wheel Switches Market 2024: Global Industry Top Key Players – ALPS, Valeo, Delphi, DAsESUNG, Panasonic Automotive, and Tokai Rika. Other notable players are Fangxiang, Vimercati

Market Study Report adds 2017-2024 global Steering Wheel Switches market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Steering Wheel Switches Market is estimated to surpass USD 4 billion by 2024; according to a new research report.

Global steering wheel switches market share is expected to cross 500 million units by 2024. Applications such as telephone, ADAS, infotainment, and onboard computer is enhancing the number of switches to be employed on the steering wheels. Increasing number of functions operated in the vehicle is driving the steering wheel switches market over the forecast period.

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Increasing demand for luxury and sports cars is driving the steering wheel switches market growth rate over the forecast timespan. Each of these cars employ approximately 10 switches on the steering wheel. In addition, reduced of buttons enables to incorporate more number of switches on the steering wheels.

Seesaw buttons is projected to exhibit over 3% CAGR over the study period. This can be credited to its usage in operating cruise and audio functions. Increasing consumer preferences for infotainment while travelling is boosting the segment growth over the forecast timeframe.

OEMs is expected to generate over USD 3 billion by 2024. The segment holds maximum share due to increasing automobile manufacturing across the globe. Rising disposable income enables the consumers to customize several functions in their vehicle resulting in improved steering wheel switches market growth rate. Technological innovations results in increased number of buttons to be incorporated for operating multiple functions.

Europe steering wheel switches market is expected to generate more than USD 1 billion by 2024. This can be attributed to presence of major automobile manufacturing companies in the region coupled with stringent regulations to enhance driver safety. Asia Pacific is predicted to hold around 40% of the industry's volume share in 2024.

Steering wheel switches market players include ALPS, Valeo, Delphi, DAsESUNG, Panasonic Automotive, and Tokai Rika. Other notable players are Fangxiang, Vimercati, COBO International, Aptiv, and Marquardt. Industry participants are engaged in mergers and acquisitions with automobile OEMs to enhance their supply chain model. For instance, in June 2012, Littelfuse announced its acquisition with ACCEL that produces steering wheel switches. Manufacturers enhance their distributing networks by adopting e-commerce channel to sustain in increasing competition. Major players such as Panasonic and Delphi have adopted the online channel for serving their individual customers.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Steering wheel switches industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Vehicle trends
2.1.3. Product trends
2.1.4. Distribution channel trends
2.1.5. Regional trends

Chapter 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

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