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Global Automotive Switches Market – Industry Trends and Forecast to 2029

Automotive

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Global Automotive Switches Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Automotive Switches Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 14.61 USD Billion
Diagram Market Size (Forecast Year) USD 23.29 USD Billion
Diagram CAGR %

Major Markets Players

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Global Automotive Switches Market, By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, Tractors, Forklifts, Two Wheelers), Switch (Interior Control Switches, Access Management Switches, Powertrain and Others Switches), Sales Channel (OEM, Aftermarket), Application (Indicator System Switches, HVAC, EMS Switches, Electronic System Switches, Other Switches) – Industry Trends and Forecast to 2029.

Automotive Switches Market

Automotive Switches Market Analysis and Size

In recent years, the global automotive industry has undergone tremendous transformation. The ever-increasing demand for passenger safety and comfort forces vehicle manufacturers to constantly focus on creating new design experiences by efficiently incorporating new technologies and processes. The dramatic shift from the use of mechanical parts to electronic parts is expected to significantly boost demand for automotive switches over the forecast timeframe.

Data Bridge Market Research analyses that the automotive switches market was valued at USD 14.61 billion in 2021 and is expected to reach the value of USD 23.29 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Switches Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, Tractors, Forklifts, Two Wheelers), Switch (Interior Control Switches, Access Management Switches, Powertrain and Others Switches), Sales Channel (OEM, Aftermarket), Application (Indicator System Switches, HVAC, EMS Switches, Electronic System Switches, Other Switches)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Continental AG (Germany), Robert Bosch GmbH (Germany), BorgWarner Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Johnson Electric Holdings Limited, (China), NXP Semiconductors (Netherlands), Harman International (U.S.), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), DENSO Corporation (Japan), Panasonic Corporation (Japan), Aptiv (Ireland), Verizon (U.S.), NIVIDIA Corporation (U.S.), Analog Devices, Inc., (U.S.), System Controls (India), TOSHIBA CORPORATION (Japan)

Market Opportunities

  • Increase in partnerships and acquisitions
  • Rising vehicle production in developing economies

Market Definition

Automotive switches are essential vehicle components. They have full authority over a vehicle's installed electrical system. Automotive switches are crucial for managing a vehicle's lighting and almost all of its functions. They are also used for engine start-up and stop applications, as well as a variety of other automotive functions.

Global Automotive Switches Market Dynamics

Drivers

  • Growing sales of commercial vehicles is augmenting market growth

Commercial vehicles can help promote urbanization and industrialization, especially in developing countries around the world. These components are widely used in the electrical systems of both passenger and commercial vehicles. Manufacturers are installing an increasing number of automotive switches to provide vehicles such as buses, trucks, and vans with comfortable, convenient, and safe interior settings. Companies have introduced several automotive switches to the market in response to the growing demand for convenient and user-friendly automotive switches.

  • High prevalence of software-defined vehicles

The automotive industry is shifting from hardware-defined vehicles to software-defined vehicles, and the average software and electronics content per vehicle is rapidly increasing. The increased use of electronics in vehicles has resulted from both government involvement and consumer demand for greater automatic control of systems. Furthermore, with the increased emphasis on autonomous vehicles and making cars smarter while ensuring consumer convenience, the demand for electronic systems in new cars has been rapidly increasing. Furthermore, as technologies become more widely available in mid-range and entry-level vehicles and consumers purchase technology-based aftermarket products, demand for automotive electronics has increased.

Opportunity

Rising vehicle production in developing economies and an increase in partnerships and acquisitions will provide abundant opportunities for growth in the automotive switches market during the forecast period.

Restraints

During the anticipated period, raw material price volatility and the incorporation of touch screen panels are likely to restrain the growth of the automotive switches market. The biggest obstacle to market expansion will be vehicle adoption of gesture recognition systems.

This automotive switches market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive switches market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive Switches Market

The impact of Covid-19 on the automotive switch market has been moderate. Global sales of automotive switches have been significantly impacted by the decline in car sales that will occur in 2020 as a result of pandemic lockdowns and limitations. The pandemic had an impact on the growth of the global automotive switches market due to disruptions in the supply chains for critical parts used in car switches, such as semiconductors. However, during this pandemic period, businesses all over the world are realising the importance of digital management of their operations. The requirement for the implementation of technologies such as the industrial internet of things (IIOT), which will enable real-time monitoring of the manufacturing process of electronics devices such as automotive switches, as well as virtual control of production, are expected to have a positive impact on market growth as well as a desirable impact on the automotive switch market share during the COVID-19 pandemic period.

Global Automotive Switches Market Scope

The automotive switches market is segmented on the basis of vehicle, switch, sales channel, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

  • Indicator System Switches
  • Brake lamp switch
  • Gear selector switch
  • Reverse lamp switch
  • HVAC
  • Air conditioner fan switch
  • Air conditioner temperature switch
  • Blower switch
  • EMS Switches
  • Oil pressure switch
  • Thermo switch
  • Electronic System Switches
  • Transmission system switch
  • Inhibitor switch
  • Other Switches
  • HOOD
  • Trunk LID switch

Sales channel

  • OEM
  • Aftermarket

Switch

  • Interior Control Switches
  • AC switch assembly
  • Light module/switches
  • Multifunctional switches
  • Overhead console switch
  • Multimedia switch assembly
  • Steering switch assembly
  • Seat control switches
  • Seat heater switches
  • Access Management Switches
  • Power window switch assembly
  • Side window switches
  • Door light switches
  • Ignition switches
  • Powerlift gate switches
  • Sun roof switches
  • Back carrier switches
  • Powertrain
  • Reverse light switches
  • Brake light switches
  • Automatic gear control switches
  • Automatic reverse parking brake switches
  • Hand brake switches
  • Fork lifting switch module
  • Others Switches
  • Vehicle
  • Passenger Vehicle
  • Compact
  • Mid-size
  • Luxury
  • SUV
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Off-Road Vehicles
  • Electric Vehicles
  • Tractors
  • Forklifts
  • Two Wheelers
  • Conventional
  • Electric

Automotive Switches Market Regional Analysis/Insights

The automotive switches market is analysed and market size insights and trends are provided by country of vehicle, switch, sales channel, and application as referenced above.

The countries covered in the automotive switches market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

China will dominate the Asia-Pacific automotive switches market due to rising middle-class disposable income and economic growth.

United States will grow in the North American automotive switches market during the forecast period of 2022-2029 due to increased investment in research and development projects for the introduction of advanced technology.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Switches Market Share Analysis

The automotive switches market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive switches market.

Some of the major players operating in the automotive switches market are:

  • Continental AG (Germany)
  • Robert Bosch GmbH (Germany)
  • BorgWarner Inc. (U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • Johnson Electric Holdings Limited, (China)
  • NXP Semiconductors (Netherlands)
  • Harman International (U.S.)
  • Infineon Technologies AG (Germany)
  • Texas Instruments Incorporated (U.S.)
  • DENSO Corporation (Japan)
  • Panasonic Corporation (Japan)
  • Aptiv (Ireland)
  • Verizon (U.S.)
  • NIVIDIA Corporation (U.S.)
  • Analog Devices, Inc., (U.S.)
  • System Controls (India)
  • TOSHIBA CORPORATION (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Automotive Switches Market value is expected USD 23.29 billion by 2029.
The Automotive Switches Market is to grow at a CAGR of 6.00% during the forecast by 2029.
The major players operating in the Automotive Switches Market are Continental AG (Germany), Robert Bosch GmbH (Germany), BorgWarner Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Johnson Electric Holdings Limited, (China), NXP Semiconductors (Netherlands), Harman International (U.S.), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), DENSO Corporation (Japan), Panasonic Corporation (Japan), Aptiv (Ireland), Verizon (U.S.), NIVIDIA Corporation (U.S.), Analog Devices, Inc., (U.S.), System Controls (India), TOSHIBA CORPORATION (Japan).
On the basis of application, the Automotive Switches Market is segmented into Indicator System Switches, HVAC, EMS Switches, Electronic System Switches, Other Switches.
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