Press release
Global Automotive Switch Market Status and Outlook 2020-2030
Prophecy Market Insights
Key Highlights:
In May 2019, Tokai Rika Co. Ltd., a leading player for multi-function switch signed a partnership with the Datatec, a multinational information and communications technology solutions and services group, to deliver a new vehicle operation management system.
In August 2019, Continental AG announced the plan to launch the new automotive switches for the electric vehicles.
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Key Market Insights from the report:
The global automotive switch market accounted for US$ 28.8 billion in 2019 and is projected to register a moderate CAGR of 9.00% over the forecast period. The market report has been segmented on the type, application and region.
By type, the touch type is expected to dominate in this segment, because of their usage in recreational activities.
By application, the passenger vehicle in this segment is expected to dominate the global market, due to growing demand from consumers for advanced automotive interiors in passenger vehicles.
By region, Asia-Pacific is projected to lead the global automotive switch market and is expected to remain dominant during the forecast period, owing to the strong vehicle & component manufacturing sector.
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The prominent player operating in the global Automotive Switch market includes ZF Group, Delphi Technologies PLC, Marquardt, Omron, Alps, Tokai Rika, Valeo, Panasonic, Leopold Kostal, TOYODENSO, LS Automotive.
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