Press release
Automotive switch market Report 2026: Leopold Kostal, Marquardt GmbH, Omron Corporation, Panasonic Corporation, Preh GmBH, Robert Bosch GmbH, Standard Motor Products, Tokai Rika Co. Ltd, Toyodenso, Valeo, Vimercati SpA, ZF Friedrichshafen AG
Automotive switch market
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Automotive switch market is likely to gain remarkable traction owing to rapid proliferation of IoT in the automotive industry. In addition, adoption of advanced technologies such as Vehicle-to-Anything communications and connected cars is further driving automotive switch industry demand.
Surging popularity of electric two-wheelers is also a key factor supporting market growth. OEMs are developing rugged and waterproof automotive switches to safeguard electric scooters and premium electric bikes from environmental conditions such as rain and dust and short-circuit, excess heat build-up, which they are invariably subject to. Electrification of two-wheelers supported by increasing consumer inclination towards electric vehicles will favor business expansion. The two-wheelers segment will grow at a CAGR of 3% over 2020 to 2026.
Consumers are increasingly aligning towards sophisticated, sporting, advanced safety, and comfort features. For instance, vehicles integrated with push-button switches offer multiple safety & comfort features. These switches are being extensively utilized in ignition systems, volume control functions, channel control, radio control, and vehicle mode control. Increasing consumer spending on premium vehicles will supplement automotive switch market share over the forthcoming years.
EMS switches, in particular, are witnessing robust deployment in electric & hybrid vehicles as they can withstand high temperatures and offer accurate sensitivity. In 2019, the EMS switches segment held more than 15% of the industry share and is expected to showcase a growth rate of more than 4% over the analysis period.
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APAC vehicle switch industry is set to register a CAGR of 4% over 2020-2026 due to increasing inclination towards advanced vehicle technologies in the region. Widescale adoption of infotainment system and safety systems, such as ADAS in countries such as Japan, China, and India is poised to accelerate product deployment. Additionally, increasing popularity of electric vehicles in the region is also creating lucrative opportunities for industry growth.
Some Point from Table of Contents:
Chapter 5 Automotive Switch Market, By Product
5.1 Key trends, by product
5.2 Push-button switches
5.2.1 Market estimates and forecast, 2015-2026
5.3 Rocker switches
5.3.1 Market estimates and forecast, 2015-2026
5.4 Rotary switches
5.4.1 Market estimates and forecast, 2015-2026
5.5 Toggle switches
5.5.1 Market estimates and forecast, 2015-2026
5.6 Multi-function switches
5.6.1 Market estimates and forecast, 2015-2026
5.7 Others
5.7.1 Market estimates and forecast, 2015-2026
Chapter 6 Automotive Switch Market, By Application
6.1 Key trends, by application
6.2 EMS switches
6.2.1 Market estimates and forecast, 2015-2026
6.3 HVAC
6.3.1 Market estimates and forecast, 2015-2026
6.4 Indicator system switches
6.4.1 Market estimates and forecast, 2015-2026
6.5 Electronic system switches
6.5.1 Market estimates and forecast, 2015-2026
6.6 Others
6.6.1 Market estimates and forecast, 2015-2026
Browse complete Table of Contents (ToC) of this research report @
https://www.decresearch.com/toc/detail/automotive-switch-market
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