Automotive Switch Market Report 2022 - Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Automotive Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global automotive switch market reached a value of US$ 26.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.56 Billion by 2027, exhibiting a CAGR of 5.40% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

An automotive switch represents one of the essential components that regulate electrical systems installed in automobiles. It offers reliable circuit control for vehicle ignition and is considered ideal for on and off-highway, marine, and testing equipment. Some of the common types of automotive switches available in the market include ignition, window, overhead console, steering wheel, door, hazard, etc. As such, they are extensively used for providing safety and preventing battery drain when a means of transport is idle for a period.

Global Automotive Switch Market Trends and Drivers:

The escalating demand for heavy-duty and light passenger vehicles is primarily driving the automotive switch market. Additionally, the widespread adoption of various automotive electronics, such as heating, ventilation, and air conditioning (HVAC) and infotainment systems, is further catalyzing the market growth. Besides this, the inflating need for comfort and safety in automobiles and numerous advancements in the manufacturing of agriculture tractors are acting as significant growth-inducing factors.

Moreover, the expanding automotive industry and the growing utilization of combination or multi-function switches that can perform several functions, including lighting, wiper systems, cruise control, etc., are also positively influencing the global market. Apart from this, the introduction of luxury vehicle models and the increasing investments in R&D activities aimed at developing enhanced product variants for better control and stability features are anticipated to fuel the automotive switch market over the forecasted period.

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Global Automotive Switch Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

Alps Alpine Co. Ltd., C&K, Eaton Corporation PLC, HELLA GmbH & Co. KGaA (Faurecia SE), INENSY, Johnson Electric Holdings Limited, Marquardt Group, Omron Corporation, Panasonic Holdings Corporation, Preh GmbH, TokaiRika Co. Ltd, Valeo and ZF Friedrichshafen AG (Zeppelin-Stiftung).

The report has segmented the market on the basis of region, type, design, vehicle type and sales channel.

Breakup by Type:
• Ignition Switches
• HVAC Switches
• Steering Wheel Switches
• Window Switches
• Overhead Console Switches
• Seat Control Switches
• Door Switches
• Hazard Switches
• Multi-Purpose Switches
• Others

Breakup by Design:
• Rocker Switches
• Rotary Switches
• Toggle Switches
• Push Switches
• Others

Breakup by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Breakup by Sales Channel:
• Original Equipment Manufacturers
• Aftermarket

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.