Press release
Automotive Switch Market Incredible future Growth 2018-2024 Key Companies: Continental, Delphi, Diamond Electric, Eaton, Hella, Honeywell International, Alps Electric, ZF TRW, Omron, Panasonic Automotive, Robert Bosch, Tokai Rika
Automotive Switch Market
Automotive Switch Market is projected to cross USD 40 billion by 2024. Rising consumer demand for integrated electronics in vehicles owing to the increased safety and convenience it offers will stimulate the automotive switch market growth.
Growing demand for vehicles is likely to enhance shipments over the forecast period. Vehicle production is increasing and modern vehicles are equipped with various electronic systems including infotainment, HVAC, electric steering, headlight control, transmission, acceleration, and window. Switches are an important part of electronic systems, which help in the better functioning of the vehicle.
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Touch pad automotive switch segment is expected to dominate the market. Integrating mobile phones’ functionality with cars will lead to an increased demand for touch pads and touch panels over the forecast timeframe. These devices are easy to integrate and maintain and can be updated remotely by using a software. Touch panels display rich media and reduce the cockpit clutter and these have lesser number of moving parts, reducing the chances of breakage. These factors promote the touch pad segment growth.
Top Key Players:-
The key players of global Automotive Switch Market are Alps Electric Co., Ltd, Continental AG, Delphi Automotive, Diamond Electric, Eaton, Hella, Honeywell International, Leopold Kostal, Micro Technologies, Omron Corporation, Panasonic Automotive & Industrial Systems, Robert Bosch, Tokai Rika, ZF TRW.
Regional Segmentations:-
Asia Pacific automotive switch market will observe the highest CAGR fueled by the growing automotive industry. Rising number of automobile manufacturing facilities in India and China owing to the lesser cost of production, improving production capacity, and surging demand for heavy and light vehicles are driving the industry in these nations.
Europe automotive switch market share will benefit from the adoption of advanced electronics by OEMs. China ranked as the largest passenger car manufacturer having produced more than 24 million cars in 2016, accounting for about 34% of global passenger vehicle production. Significant domestic automobile sales and growing consumer demand will also drive the China automotive switch market size.
North America automotive switch market is expected to have a significant growth over the projected period. This can be attributed to the increasing vehicle manufacturing facilities in Mexico owing to the lower production cost and cheap labor, pushing the production volume in this region and driving the industry growth.
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Major Points of Table Of Content:-
Chapter 3. Automotive Switch Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Production Statistics (2013 – 2024)
3.4.1. U.S.
3.4.1.1. Commercial vehicles
3.4.1.2. Passenger vehicles
3.4.2. Canada
3.4.2.1. Commercial vehicles
3.4.2.2. Passenger vehicles
3.4.3. UK
3.4.3.1. Commercial vehicles
3.4.3.2. Passenger vehicles
3.4.4. Germany
3.4.4.1. Commercial vehicles
3.4.4.2. Passenger vehicles
3.4.5. France
3.4.5.1. Commercial vehicles
3.4.5.2. Passenger vehicles
3.4.6. Italy
3.4.6.1. Commercial vehicles
3.4.6.2. Passenger vehicles
3.4.7. Russia
3.4.7.1. Commercial vehicles
3.4.7.2. Passenger vehicles
3.4.8. China
3.4.8.1. Commercial vehicles
3.4.8.2. Passenger vehicles
3.4.9. India
3.4.9.1. Commercial vehicles
3.4.9.2. Passenger vehicles
3.4.10. Japan
3.4.10.1. Commercial vehicles
3.4.10.2. Passenger vehicles
3.4.11. South Korea
3.4.11.1. Commercial vehicles
3.4.11.2. Passenger vehicles
3.4.12. Brazil
3.4.12.1. Commercial vehicles
3.4.12.2. Passenger vehicles
3.4.13. Mexico
3.4.13.1. Commercial vehicles
3.4.13.2. Passenger vehicles
3.4.14. Egypt
3.4.14.1. Commercial vehicles
3.4.14.2. Passenger vehicles
3.4.15. South Africa
3.4.15.1. Commercial vehicles
3.4.15.2. Passenger vehicles
3.5. Technology & innovation landscape
3.5.1. Capacitive proximity switches
3.5.2. TS100ASIC (application specific integrated circuit)
3.5.3. Panel mounted switches
3.6. Regulatory landscape
3.6.1. U.S.
3.6.1.1. Department of Energy
3.6.2. EU
3.6.3. China
3.6.3.1. China’s Ministry of Industry and Information Technology (MIIT)
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. Rising new automobiles demand
3.7.1.2. Increasing adoption of electronic systems in vehicles
3.7.2. Industry pitfalls & challenges
3.7.2.1. High costs for incorporating touch panels
3.8. Growth potential analysis
3.8.1. Business models
3.9. Porter's analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Internal rivalry
3.10. Competitive landscape, 2016
3.10.1. Strategy dashboard
3.11. PESTEL analysis
Chapter 4. Automotive Switch Market, By Product
4.1. Global automotive switch market share by product, 2016 & 2024
4.2. Knob
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Lever
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Button
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Touchpad
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Others
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Automotive Switch Market, By Application
5.1. Global automotive switch market share by application, 2016 & 2024
5.2. HVAC
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Indicator system switches
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. EMS Switches
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Others
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
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Technological advancements in the automobile sector are resulting in the increased adoption of automotive switches in vehicles to make the systems more efficient and reliable. These systems provide ease of operating various functions at the same time and their illuminating nature makes them easy to locate. Moreover, the growing demand for electric vehicles will provide significant growth opportunities to the industry players.
The luxury vehicle manufacturers are including screen touch panels in their cars for electronic operations, which will hinder the global automotive switch market growth. Also, after continuous use of these switches, their service starts failing and delays the processes, which can slow down the industry growth. Further, the fluctuating raw material prices can also restrict the growth. Switch failure is one of the major threats to the industry as it is responsible for the safety and activating/deactivating a function. For instance, General Motors recalled 800,000 of its vehicles owing to faulty ignition switches.
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