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Automotive Switches Market Size, Share & Industry Analysis By Type (HVAC Switches, Steering Wheel Switches, Ignition Switches, Multi-purpose Switches, Door & Window Switches, Seat Control Switches, Overhead Console Switches, Others.), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (Original Equipment Manufacturers, Aftermarket) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105586 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive switches are one of the essential parts of a vehicle. The overall electrical equipment installed in an automobile is controlled through switches. Automotive switches are vital for managing the lighting and overall operation of a vehicle. Switches are also utilized in the start and stop functions of engines and in various vehicle operations.


The expanding electronic substance in the vehicles and rising concentration and establishment of tough outflow and efficiency standards are required to drive the interest for car switches. However, fluctuating raw material prices and the increasing usage of haptics (technology that stimulates the senses of touch and motion) in automobile switches are hampered by fluctuating raw material prices and the growing usage of haptics (technology that enables the senses of touch and motion). Furthermore, the expanding use of electronic systems in automobiles and advancements in automotive switches are expected to present lucrative growth possibilities for the automotive switches market.

Due to COVID-19, Most countries went into a complete lockdown for more than two months, impacting automobile production. Manufacturing units all around the world have been shut down, thereby sales of vehicles have dropped.

Key Market Driver -

• Growing demand for automotive switches in commercial vehicles • Rising demand for automatic automotive switches

Key Market Restraint -

• Use of haptics and voice control technologies • Fluctuating price of raw materials used in making automotive switches


Market Segmentation:


By Type, the market is fragmented into HVAC Switches, Ignition Switches, Multi-purpose Switches, Seat Control Switches, Door & Window Switches, Steering Wheel Switches, Overhead Console Switches, and Others. The HVAC switches segment dominated the market with the highest revenue share in 2020. The segment’s large share is due to the growing demand for climate control systems in automobiles worldwide. The rise in demand for automatic temperature control systems worldwide is propelling the growth of automotive switches services.

By Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. The HCVs would exhibit a favorable growth rate over the forecast period. The rising demand for luxury features and better driving experience & performance will further develop the need for different automotive electronics like HVAC & infotainment systems. Moreover, It will support the demand for automotive switches in mid-range and commercial automobiles.

By Sales Channel, Original Equipment Manufacturers and Aftermarket are the two segments of the market. Original equipment manufacturers (OEMs) accounted for the largest revenue share in 2020. They specialize in developing switches for automotive manufacturers, such as Honda Motor Co., Hyundai Motor, and Toyota Motor Corporation.

Key players:


Delphi Technologies, Leopold Kostal GmbH & Co. KG, Panasonic Automotive Systems Co., Valeo, ZF Friedrichshafen AG, TRW Automotive US LLC, Marquardt GmbH, Preh GmbH, Ark-Les Connectors, D&R Technology, LLC, Diamond Electric Manufacturing Corporation, and E-Switch Inc, and Honeywell Inc.

Regional Analysis:


By region is segmented across Europe, North America, Asia-Pacific, and the Rest of the world.

North America has the most significant market across all regions for LCV automotive switches. General Motors, Ford, and Fiat Chrysler, among others, dominate the LCV market in North America. These automobiles have begun to include new amenities such as a more powerful engine, better navigation, and a camera. As a result of the enhanced features, the market for automotive switches is predicted to grow.

Europe is the dominant region in the global automotive switch. The market will increase due to the rising demand for advanced mobility solutions that provide enhanced safety and comfort features in newly manufactured luxury, passenger, and commercial vehicles in the region.

The Asia Pacific is the second major contributor in the automotive switch market. During the projection period, Asia Pacific is expected to be the largest market. The rising popularity of luxury vehicles, particularly in China, is the key driver of this trend. In addition, the automotive switches market in the Asia Pacific is being propelled by the increasing penetration of modern technologies such as automatic transmission, an infotainment display, and front and rear air conditioning in vehicles produced.

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Segmentation


























  ATTRIBUTE


  DETAILS


By Type



  • HVAC Switches

  • Steering Wheel Switches

  •  Ignition Switches

  •  Multi-purpose Switches, Door & Window Switches

  •  Seat Control Switches

  •  Overhead Console Switches

  •  Others.



By Vehicle Type



  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles



By Sales Channel



  • Original Equipment Manufacturers

  • Aftermarket



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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