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Automotive Switches Industry - Forecast and Analysis by Regions (2017-2022) Report at MarketResearchNest.com
Automotive Switches Market
Research analysts forecast the global automotive switches market to grow at a CAGR of 3.02% during the period 2017-2021.
About Automotive Switches
Automotive switches are electromechanical devices, which help in the operation of electrical circuits of vehicles. They have a wide range of applications in vehicles, which include infotainment system, HVAC system, and electronic component systems. These are primarily used in direction indicators, infotainment, windows, and headlights and help drivers to avoid distractions while driving. Different configurations of automotive switches are used in passenger cars, commercial vehicles, and other vehicle segments. The different types of automotive switches used in automotive applications are push button, rotary, knob, and toggle switches. The global automotive switches market is mainly dependent on the sales of passenger cars and commercial vehicles. The advancements in the adoption of panel and steering wheel switches are expected to drive the global automotive switches market during the forecast period.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive switches market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive switches.
Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-automotive-switches-market-2017-2021.html
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Automotive Switches Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global automotive switches market: ALPS ELECTRIC, Continental, Delphi Automotive, Panasonic, and Robert Bosch
Other Prominent Vendors in the market are: Eaton, Global Market Group, HELLA, Honeywell International, OMRON, TOKAIRIKA, and ZF Friedrichshafen.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Increasing demand for Illuminated automotive switches. The demand for illumination switches is increasing because of their compactness and miniaturization. Illuminated automotive switches save space and electricity by combining indicator light and its switch into one instead of having them separately. Illuminated switches are used to indicate a specific function after they are actuated. It is easy for users to identify and locate the switches during low-light conditions. The illumination feature is available in various types of automotive switches including push-button switches, rocker switches, rotary switches, and toggle switches. These switches are widely used in several applications because of their compactness.”
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According to the report, one of the major drivers for this market is High demand for switches from automakers. The demand for safety systems is rising in the automotive industry, resulting in the increased adoption of safety sensors and switches. The primary drivers of the global automotive switches market involve the increasing safety concern and the transition of the automotive industry toward advanced technologies. Due to the dynamic business environment and changing consumer preferences, automotive manufacturers offer advanced safety features in their vehicles. The growing demand for passenger cars and commercial vehicles is contributing to the growth of the global automotive switches market.
Further, the report states that one of the major factors hindering the growth of this market is Increasing introduction of gesture recognition system. The introduction of sensor-based systems such as automotive gesture recognition systems is gaining popularity in the automotive industry. This system offers comfort and convenience to drivers in terms of controlling in-vehicle system functions. The automotive gesture recognition system is used for performing actions such as navigating infotainment options of vehicles, adjusting overhead lighting or ambient temperature, opening or closing doors and windows, and answering or rejecting phone calls. Gestures are processed and recognized using gesture recognition algorithm by sensor-based systems to control the onboard systems instead of using physical buttons or touch pads/screens and haptics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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