openPR Logo
Press release

Automotive Switch Market Segmentation, Growth, Trends and Worldwide Forecast, 2017 - 2024: Global Market Insights Inc.

Automotive Switch Market Segmentation, Growth, Trends

Automotive Switches Market find wide application in electric steering, passenger vehicles, HVAC systems, commercial vehicles, indicator systems, transmission, infotainment, and engine management systems. Rising deployment of toggle switches, keyed switches, & other switch line products in vehicles for user safety will propel Automotive Switch Market size.

The vehicle production across the globe has improved by 13% from 2012 to 2016, which calls for new growth opportunities for business. Rapid technological innovations in automotive electronics systems will enhance the user connectivity and increase vehicle efficiency, thereby plotting a profitable roadmap for automotive switch market. A report by Global Market Insights, Inc., states that automotive switch industry revenue, which was estimated at USD 25 billion in 2016, is anticipated to hit USD 40 billion by 2024.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/834

Considering the geographical trends, Europe automotive switch industry is projected to observe a massive growth, subject to the rising installation of advanced electronics systems in vehicles by original equipment manufacturers. China industry, which accounted for nearly 34% of overall passenger automotive production in 2016, is projected to boost Asia pacific automotive switch market share in future. The growth can be attributed to high vehicle sales across the region. APAC had experienced nearly 20% rise in the overall vehicle production during 2012 to 2016, with Japan, China, South Korea, and India being the major contributors.

Large-scale presence of reputed vehicle manufacturers such as Tesla, Chrysler, Ford, and General Motors in the U.S. along with high demand for luxury automobiles will boost North America automotive switch market.

Passenger vehicles sector, which contributed more than 70% of automotive switch industry size in 2016, is anticipated to make noteworthy contributions towards the industry share in future. The growth can be accredited to the seamless driving experience of the user along with better engine functionality accompanied by secured vehicle features.

Automotive switch industry share in engine management system sector is projected to grow at a CAGR of 4% over 2017-2024, subject to high product demand across hybrid and electric vehicles.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/834

Based on the product trends, automotive switch market is segmented into various products such as touchpads, knobs, buttons, and levers. Button automotive switch industry is predicted to experience a significant surge over the coming years, driven by the escalated use in passenger and commercial vehicles. Touchpad automotive switch market is slated to expand notably over the coming timeframe, owing to the rising installation of added smartphone features to the automobile along with the product’s ability to integrate with the touch panel for improving the aesthetic appearance and value of the vehicle. Firms are emphasizing on the installation of touchpads as a vital component of the electronic systems in automobiles to fulfill the rising consumer demand for the advanced cars.

Market players will attempt to increase their valuation and profit margins through product innovations and high R & D investments. TRW Automotive, Delphi Automotive PLC, Omron Corporation, Alps Electric Company Limited, Tokai Rika Company Limited, Continental AG, Eaton Corporation PLC, Honeywell International Incorporation, Robert Bosch GmbH, and Micro Technologies Limited are the key participants of automotive switch industry.

Browse Related Reports:

Automotive Relay Market Size By Application (Body & Chassis, Powertrain, Safety & Security, Driver Information, Convenience), By Product (PCB Relay, Plug-In Relay), Industry Analysis Report, Regional Outlook (U.S., Mexico, Canada, UK, Germany, France, Spain, India, China, Japan, Brazil), Application Potential, Competitive Landscape & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/automotive-relay-market

Automotive HVAC Market Size By Application (Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Passenger Cars), By Technology (Manual, Automatic), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, India, China, Japan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/automotive-HVAC-market

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue, Suite L 105,

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Switch Market Segmentation, Growth, Trends and Worldwide Forecast, 2017 - 2024: Global Market Insights Inc. here

News-ID: 591370 • Views: 334

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,