Automotive Switches market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Automotive Switches are relays that close and break a circuit which results in performing various functions in an Automobile such as HVAC controls, Entertainment, and specific driving functions such as turn indicators and wipers. Electronic systems’ rising prevalence and rise in the market share of electric mobility will drive the application of Automotive Switches. Comfort enabler sub-systems in an automobile are also likely to have a direct positive impact on this industry. On the flip side, some restraints include adoption of touch-screen panels and the R&D on gesture recognition systems.
Analysis by Product
According to the Product, the five main segments are Push-button, Rocker Switches, Rotary Switches, Toggle Switches, and Multi-function Switches.
The Automotive Switches market report has prudent data that suggests the dominance of the Push-button segment. They are widely used in Passenger and Commercial vehicles. The Automotive Switches market research has discovered that the rise of Push-buttons’ adoption by the Automotive OEMs is because of their competitive cost, apt electrical conductivity, and longevity.
Analysis by Vehicle Type
The Vehicle type is segmented into PCV, LCV, and HCV.
The Automotive Switches market share is skewed slightly in favor of Light Commercial Vehicles. This is because these vehicles are used much more extensively and thus have more frequent overhauls, which results in larger utilization numbers of Automotive switches. The Automotive Switches market size is likely to be strengthened in the HCV segment. Stricter road-safety norms will result in close monitoring of the life of these switches and their replacement when they reach their end of life.
Analysis by Application
The four major segments according to the application are Indicator System Switches, HVAC, EMS Switches, and Electronic System Switches.
The Automotive market estimation has a favorable outlook for the Engine Management Switches. The bulk of the demand is foreseen from the Autonomous and Electric vehicles industry. On similar grounds, the Automotive market forecast for Electronic System switches and HVAC looks bright as well. They are expected to capture nearly 45% of the market share in the forecasted period.
Analysis by Region
The Asia-Pacific region is likely to become the powerhouse for Automotive switches. Japan, China, and India house a significant Automotive manufacturing industry and expansions are being seriously considered in this period. Moreover, favorable government policies and incentives to set up greenfield Automotive parts manufacturing will further boost new investments in the Automotive Switches market. Conducive financial support is likely to garner positive investor sentiment in the Asia-Pacific region. These countries are developing their manufacturing sector and thus will augment the growth of Automotive switches in a major way. The Automotive Switches price trend will become an important factor in the rise of this industry in this region.
Analysis by Illustrious Organizations
Leading Automotive Switches companies include Tokai Rika Co., Ltd, Hella KGaA Hueck & Co, Leopold Kostal GmbH & Co, Panasonic Corporation, Continental AG, and Autoliv Inc.
One of the key strategic moves of companies in this industry will be to partner closely with Automotive OEMs to develop switchgear mated to their specific Automobiles. It is a win-win situation for the organizations as well as the clients because a product with an immaculate fit is likely to be produced with effective strategic integrations. Besides, it can result in the revenue stability of the businesses, which will drive investments into the industry.
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Rocker Switches
• Rotary Switches
• Toggle Switches
• Multi-function Switches
By Vehicle Type Outlook ($Revenue and Unit Sales, 2019-2026)
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Indicator System Switches
• EMS Switches
• Electronic System Switches
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
• Asia Pacific
• South Korea
• Latin America
• Middle East & Africa
• South Africa
• Alps Electric
• C&K Components, Inc.
• COBO S.p.A.
• Continental AG
• Delphi Technologies
• GSK InTek Co., Ltd.
• Hell, KGaA Hueck & Co.
• Leopold Kostal
• Marquardt GmbH
• Omron Corporation
• Panasonic Corporation
• Preh GmBH
• Robert Bosch GmbH
• Standard Motor Products
• Tokai Rika Co. Ltd
• Vimercati SpA
• ZF Friedrichshafen AG