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Automotive Switch Market Size, Share | Research Report [2027]

Automotive Switch Market by Type (Knob, Lever, Button, Touchpad & Others), Switch Application (HVAC, Indicator, Electronic, Engine Management, Power Windows, Ignition, Multi-purpose & Others), Vehicle Type - Global Industry Analysis,Share,Growth,Regional Outlook And Forecasts, 2021-2027

Status: Published Category: Automation and Transport Insight Code: 4427 Format: PDF / PPT / Excel

Content

The global Automotive Switch market gathered revenue around USD 5.7 billion in 2020 and market is set to grow USD 8.9 billion on by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027.  The demand for automotive switches is driven by the growing demand for luxury vehicle models, increasing  adoption rate of systems such as HVAC, power windows in PCs, LCVs and HCVs.

Due to COVID-19, most of the countries followed a complete lockdown of more than two months, which, in turn, has impacted vehicle production. Manufacturing units around the world have been shut down, thereby sales of vehicles have dropped, thus impacting production on a global scale. Although some OEMs have resumed production, the automotive switches market may witness significant decline in 2021. Though the COVID-19 pandemic disrupted the ICE vehicle production, various automakers are still focusing on developments in various automotive switches systems. Also, considering the normalcy in the global automotive industry, various new product developments, expansions and collaborations/supply contracts have taken place, thereby indicating a positive sign for the automotive switches market in the coming years.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Switch market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Switch market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Automotive Switch market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest market in the forecast period. The main reason driving this trend is the growing popularity of luxury vehicles, particularly in China. Also, the growing penetration of advanced systems such as automatic transmission, infotainment display, front & rear air conditioning in vehicles produced is propelling the automotive switches market in Asia Pacific. Japan and South Korea already have higher penetration of electronics, and thus have a significant share in Asia Paific. Also, increasing vehicle production, with Asia Pacific leading among other regions, Asia Pacific is expected to be the largest in the coming years.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Significant Market Participants Operational in the Automotive Switch Market are:

Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG(Germany), Alps Alpine Co., Ltd. (Japan), Panasonic Corporation (Japan) among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

PC automotive switches market, by type

  • Knob
  • Lever
  • Button
  • Touchpad
  • Other switches

LCV automotive switches market, by type

  •  Knob
  • Lever
  • Button
  • Touchpad
  • Other switches

HCV automotive switches market, by type

  •  Knob
  • Lever
  • Button
  • Touchpad
  • Other switches

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
  • Insight Code: 4427
  • No. of Pages: 250
  • Format: PDF/PPT/Excel
  • Published: July 2021
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034