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Automotive Switches Market expected to reach USD 16.094 Billion by 2025 | Top Companies: Delphi Technologies, Valeo, Marquardt GmbH, Preh GmbH, Ark-Les Connectors

08-27-2021 03:19 PM CET | Energy & Environment

Press release from: Brandessence Market Research & Consulting Pvt ltd.

Automotive Switches Market

Automotive Switches Market

Global Automotive Switches Market is valued at USD 12.944 Billion in 2019 and expected to reach USD 16.094 Billion by 2025 with the CAGR of 3.16% over the forecast period.

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Scope of Global Automotive Switches Market Report –
The automotive industry has improved the vehicles with complex combination of intelligent electronic systems and integrated mechanical structure. These automotive switches assist driver in controlling dozens of variables from temperature to seating angle to power mirror settings with fingertip precision. The technological innovations in switch designs are growing from single function on-off units to sophisticated combination switches that can control turn signals, cruise control, lights, wipers etc.

Automotive Switches Manufacturers:
Some major key players for global automotive switches market are,
• Delphi Technologies
• Leopold Kostal GmbH & Co. KG
• Panasonic Automotive Systems Co.
• Valeo
• ZF Friedrichshafen AG
• Marquardt GmbH
• Preh GmbH
• Ark-Les Connectors
• D&R Technology, LLC
• Diamond Electric Manufacturing Corporation
• E-Switch Inc
• Honeywell Inc
• TRW Automotive U.S. LLC
• Micro Technologies.
• Others

Global Automotive Switches Devices Market Dynamics –
Automotive industry is showing substantial transformation from traditional vehicles to growing trend in electric vehicles as well as autonomous vehicles as well as consumer’s demand on safety and comfort is driving the automotive switch market. The trend of making the vehicle totally automated by shifting from mechanical components to the electronic components is driving the automotive switches market further. The growing demand of LCVs and HCVs are significantly affecting the market of automotive switch, for instance number of commercial vehicles sold in the year 2018 was 26 million units and increased up to 27 million in 2019 with growth rate of about 3.8% which will also affect the automotive switch market accordingly. The growing interest on EVs due to low fuel consumption and environment safety policies will positively affect the automotive switch market in the vehicle manufacturing industry.

Additionally, governments from both developing and developed countries are introducing various schemes for increasing adoption of EVs creating more opportunities for the automotive switch market to grow. The major vehicle OEMs are now focusing to implement new and innovative components in their vehicles to make the vehicle system more consistent & efficient and augment their market share. For example, Mercedes-Benz installed a touchpad controller in its S-Class and C-Class models, which comprises rotary knob and touch keys to control the navigation and infotainment system in the vehicle, increasing the demand of automotive switch market.

Global Automotive Switches Market Regional Analysis –
Asia-Pacific is estimated to be the most attractive region for automotive switches market due to increasing demand of passenger vehicles as well as commercial vehicles in this region, presence of rapid developing economy such as India and China, adoption of latest technology and increasing focus on EVs. For example, in 2018, 1.161 million EVs were sold with annual growth rate of 4.2%, showing the huge opportunity that is present for the automotive switch market. Europe is also showing steady growth in automotive switch market due to ever expanding automobile sector, growing initiative in adopting EVs, and presence of several major luxury car manufacturers such as Daimler AG, Audi and Porsche. North American automotive switch market is expected to have high growth rate than Europe due to economic meltdown in Europe, huge demand for luxury automotive and easy availability of credit facilities to automotive buyers.

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Key Benefits for Global Automotive Switches Market Reports–
Global Automotive Switches Devices Market report covers in depth historical and forecast analysis.
Global Automotive Switches Devices Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Automotive Switches Devices Market report helps to identify opportunities in market place.
Global Automotive Switches Devices Market report covers extensive analysis of emerging trends and competitive landscape.

Global Automotive Switches Market Segmentation –

By Vehicle Type: PCV, LCV, HCV, Two Wheelers

By Product: Push Button, Rocker Switches, Rotary Switches, Toggle Switches, Multi-function Switches, Others

By Application: Indicator System Switches, HVAC, EMS Switches, Electronic System Switches, Others

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Automotive Switches Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Automotive Switches Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Automotive Switches Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Automotive Switches Market Overview: Quantitative Analysis
4. Chapter – Global Automotive Switches Market Analysis: Segmentation By Type
5. Chapter – Global Automotive Switches Market Analysis: Segmentation By Application

About Us: Brandessence Market Research and Consulting Pvt. ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact Us:
Alan Ruffalo
Corporate Sales: +44-20380741

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