Automotive Switch Market Segment, Revenue, Industry trends and companies - (Eaton, Hella, Honeywell, Panasonic, ZF group, Delphi, Continental) 2018-2024

Automotive Switch Market for Touch pad 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.

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Industry Growth drivers:

1. Rising new automobiles demand
2. Increasing adoption of electronic systems in vehicles

Button switch market demand is on the rise across commercial and passenger vehicles, since the adoption corresponds to electronic system incorporation. Companies have focused on the touch pad implementation to cater to changing consumer preferences and broaden global presence. Quick reach and tactile feedback properties without distracting have fueled the automotive switch market demand for button-based modality.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Alps Electric Co., Ltd
2. Continental AG
3. Delphi Automotive
4. Diamond Electric
5. Eaton
6. Hella
7. Honeywell International
8. Leopold Kostal
9. Micro Technologies
10. Omron Corporation
11. Panasonic Automotive & Industrial Systems
12. Robert Bosch GmbH
13. Tokai Rika
14. ZF TRW

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Automotive Switch Market By Product

• Knob
• Lever
• Button
• Touchpad
• Others

Automotive Switch Market By Application

• HVAC
• Indicator system switches
• EMS switches
• Others

The panel mounted automotive switch market scenario is consistently evolving to define an enhanced user experience. It integrates increased functionality and customized human interface to cater to the present needs in machine design and control panel. These have high flexible modularity and enormous range of colors, illumination, and actuators.

Engine management switches segment is likely to grow at a higher CAGR during the forecast period. This is attributed to the increasing awareness for automobile safety while driving. These switches play a key role in monitoring the engine operation thereby increasing the vehicle efficiency. Improved efficiency and better engine operation will boost the demand for engine management switches.

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.

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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.

Some of the key companies in automotive switch market include Continental Group, Robert Bosch, TRW Automotive, Hella, Tokai Rika, Omron, Panasonic Corporation, and Delphi. These major players are engaged in collaborating with domestic players and launching technologically-advanced products to generate more revenue and sustain in the industry.

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